Agility and resiliency are fine, indeed necessary, attributes. But they must be tempered with humanity if we are truly to fulfil our brand promise of being "Here for good". One of our colleagues exemplified this perfectly by asking early in the crisis whether we could offer financing, at cost, to help companies working on the frontline of the fight against the virus: manufacturers and distributors of ventilators, sanitisers, and PPE. … [Read more...] about Resilience, agility and humanity: some lessons from the pandemic
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Besides effective Covid-19 infection prevention and control protocols, the Government has initiated a number of socioeconomic measures to help the economy recover and enhance its resilience, including improving the business environment, simplifying administrative procedures, developing infrastructure and logistics and boosting trading activities domestically and internationally. … [Read more...] about Vietnam seeks to reopen certain international air routes
Jakarta (VNA) – The Asian Development Bank (ADB) has approved a loan worth 300 million USD to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation. In its May 28 announcement, ADB said that it will also manage a 35 million USD loan from the Clean Technology Fund for the project. GDE will use these loans to investing in expanding its geothermal power generation capacity by 110 megawatts in Java, the country’s largest electricity grid, through the construction and commission of two geothermal plants at Dieng in Central Java and Patuha in West Java. GDE President Director Riki Ibrahim said that the Geothermal Power Generation Project, recognized as a National Strategic Project by the government, will provide environmentally friendly base-load electricity to the Java–Bali electricity grid, reducing CO2 emissions by more than 700,000 tonnes per year. The project will build critical geothermal experience in Indonesia … [Read more...] about ADB helps Indonesia develop geothermal power
On the flip side, experts believed controlling cost is key for European lenders at this moment, so looking for lucrative land in Asia might not be on their top priority now. Banks have been caught between a rock and hard place given the low and negative interest rates across the continent. Deutsche Bank, which entered Vietnam in 1992, now finds itself in uncharted waters due to the COVID-19 pandemic forcing it to set aside money for loan losses and disrupting its targets. The bank now holds 2.52 per cent of shares at Vietnamese lender SHB. … [Read more...] about Upcoming EVFTA to fortify lenders
Loan and Phong could face the fines from VNĐ2 million to VNĐ5 million (US$85-214) for growing the banned plants, though it seems they'll be spared jail as growing 500-3,000 marijuana plants can lead to six months to three years in prison. … [Read more...] about Chickens chowing down on sweet Mary Jane?