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Investors from 104 countries and territories have registered new projects, added capital, or purchased shares this year. Singapore led the way, with 570.1 million USD, or 24 percent of the total, then the Republic of Korea with 357.9 million USD, or 15.1 percent, Japan 331.1 million USD, or 13.9 percent, the Cayman Islands 261.9 million USD, or 11 percent, the British Virgin Islands 137.6 million USD, or 5.8 percent, and the Netherlands 118 million USD, or 5 percent. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 5

Jakarta (VNA) – Indonesia recorded 160,280 foreign tourist arrivals in June, down 2.06 percent from the previous month and representing a drop of 88.82 percent as compared to the same month last year, according to the Central Statistics Agency (BPS). The COVID-19 pandemic has had a tremendous impact on the local tourism sector, BPS chief Suhariyanto said during a virtual press conference on August 3. The number of foreign tourists arriving in Indonesia totalled 3.09 million in the first half of this year, a 59.96 percent decrease from 7.72 million registered in the corresponding period last year, he said. With most domestic and international travel having ceased, the occupancy rate of star hotels across the island country remained low at 19.7 percent in June, a drop of 32.57 percentage points from a year earlier and 5.25 percentage points from May. The pandemic has wiped out around 85 trillion rupiah (5.87 billion USD) of Indonesia’s tourism revenue this year. The hotel … [Read more...] about Foreign tourist arrivals to Indonesia plunge in June

Four alleged members of the Shiite Muslim movement Hezbollah are on trial in absentia at the court in the Netherlands over the huge Beirut bombing that killed Sunni billionaire Hariri and 21 other people. … [Read more...] about Two huge Beirut explosions kill 73, injure thousands