Most recently, Binh Son Refining and Petrochemical Co., Ltd. (BSR), which is operating Dung Quat Oil Refinery, reported that its inventory reached 90 per cent. Due to the high inventory and the narrow margin between crude oil and selling prices, BSR lost VND313 billion ($13.6 million) in February and VND228 billion ($9.9 million) accumulated in the first two months. … [Read more...] about Petrol and oil giants lost billions of dollars on plunging oil
Cfpb small dollar rule
9. Those who flee quarantine places and fail to comply with the quarantine regulations that causes losses of VND100 million US$4,246.13) or more in expenses for COVID-19 prevention and control will be handled in accordance with Article 295 of the Penal Code. … [Read more...] about How Hanoi penalizes offenders of COVID-19 pandemic prevention rules?
Japan on Tuesday declared a state of emergency over a spike in coronavirus cases, ramping up efforts to contain infections but stopping short of the strict lockdowns seen in other parts of the world. The government has come under mounting pressure to tackle an outbreak that remains small by global standards but has raised concerns among Japanese medical experts, with warnings that local healthcare systems are already overstretched. "As I decided that a situation feared to gravely affect people's lives and the economy has occurred... I am declaring a state of emergency," Abe said. The move allows governors in seven affected regions including Tokyo to ask people to stay indoors and request businesses close. But many supermarkets and other shops will stay open, transport will continue to run and there are neither enforcement mechanisms nor penalties laid out for those who fail to comply with government requests. "Although a state of emergency is declared, it won't mean a city … [Read more...] about Japan declares state of emergency over coronavirus
Hanoi (VNA) – The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded 11 billion USD in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately 63.5 billion USD. The figures were announced by SBV Governor Le Minh Hung at an online conference between the Government and localities held in Hanoi on July 2. He said the SBV has carried out a flexible currency policy to stabilise the average interest rate. The average lending interest rate was reduced by 0.5 percent over the January-June period. Meanwhile, credit grew approximately 6.9 percent from 2017, with its structure occupied mainly by those lent to the processing-manufacturing sector (16.3 percent) and rural agriculture (21 percent), as well as small- and medium-sized businesses (nearly 7.1 percent). Hung stressed that the credit structure has been shifting towards supporting the development of special production areas like export, rural farming, and the … [Read more...] about Foreign exchange reserves hit 63.5 billion USD
“Japan won’t, and doesn’t need, to take lockdown steps like those overseas,” Prime Minister Shinzo Abe told reporters, citing the opinion of infectious disease experts. “Trains will be running and supermarkets will be open. The state of emergency will allow us to strengthen current steps to prevent an increase in infections while ensuring that economic activity is sustained as much as possible,” he said. … [Read more...] about Japan to declare coronavirus emergency, launch stimulus of almost US$1 trillion – PM