The act took place as Ayala failed to obtain Australian company Infigen Energy in the middle of July. Newswire Reuters stated that the Filipino conglomerate gave up on acquiring Infigen after a month-long bidding war. The withdrawal came right after its rival Spanish power generation company Iberdrola announced that its offer for Infigen was now unconditional. Infigen has asked its shareholders to reject the Ayala bid. … [Read more...] about Philippines-based Ayala Corporation boosts investment in local energy market
Corporate
Corporate income tax reduction comes into effect
The Ministry also estimates a loss of approximately VND23,000 billion in State revenues due to the CIT reduction programme. However, it lends a helping hand to businesses facing difficulties amid the pandemic, while facilitating business recovery and enhancing competitiveness. — VNS … [Read more...] about Corporate income tax reduction comes into effect
Saigon Co.op to sell 12 million anti-bacterial masks at unchanged prices
At an average price of VND22,000 for a bag of three anti-bacterial face masks, Saigon Co.op's retail system currently sells more than 100,000 anti-bacterial masks a day, with Co.opmart, Co.opXtra and Co.op Food accounting for 90,000 and Co.opSmile and FineLife chains for the rest. … [Read more...] about Saigon Co.op to sell 12 million anti-bacterial masks at unchanged prices
PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants
Vinacomin – the major supplier of PV Power – could only provide three million tonnes of the firm’s demand for Vung Ang 1, which allegedly needs 3.4 million tonnes for this year. PV Power will likely secure the remaining 400,000-450,000 tonnes of coal from imports. … [Read more...] about PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants
Wínk Hotels launches with domestic market firmly in its sights
The Wínk brand reflects a young, modern, and confident Vietnamese identity Wínk Hotels, a sleek, chic, and vibrant lifestyle brand, locally born and locally positioned to tap into the booming youth travel market in Vietnam, is poised to redefine affordable luxury across the country as it readies to open its debut hotel later this year. … [Read more...] about Wínk Hotels launches with domestic market firmly in its sights
