Sadtu draft discussion document

Vietnamese PM Pham Minh Chinh (R) and Brazilian President Luiz Inacio Lula da Silva meet in Brasilia on September 25. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh and Brazil ian President Luiz Inacio Lula da Silva held talks in Brasilia on September 25 (Brazil time) as part of the Vietnamese leader’s official visit to the South American country. Welcoming PM Chinh and the high-ranking delegation of Vietnam, the Brazilian President expressed his belief that the visit will help develop the two countries’ traditional friendship and sound cooperation to a new height, thus actively contributing to peace, stability, and development in the two regions and the world. PM Chinh voiced his delight at the growing Vietnam - Brazil relations and stressed that Vietnam attaches importance to the ties with Brazil, one of its leading partners in Latin America. The two leaders noted with satisfaction that bilateral relations have been flourishing and becoming … [Read more...] about Vietnamese PM, Brazilian President discuss measures for augmenting ties

The Ad Hoc Group, representing investors owning over 75% of the bonds, said it would take a new approach should Novaland fail to negotiate the debt restructuring in good faith. Novaland issued the bonds in Singapore in 2021 for five years with a coupon rate of 5.25% and listed it on the stock exchange there. Novaland said it had discussed with the bondholders its liquidity difficulties which prevented it from paying the interest in time and a restructuring plan based on its current situation. It has also drafted plans to restore operations together with foreign and domestic consultancies such as Deloitte, Sidney Austin LLP, and YKVN. Novaland said it is aware of its limited resources but would aim to safeguard the bondholders’ interests. "Novaland requests more time to recover during this period," it said in a statement. "The company hopes to receive support from creditors and bondholders to soon stabilize its operations and fulfill its financial obligations to … [Read more...] about Novaland negotiating interest payment default on $300M bonds, investors antsy

JAKARTA/HANOI -- Just Energy Transition Partnership (JETP) discussions on the early retirement of coal-fired power plants in Indonesia may have hit a snag as a local official said on Monday that western countries are not ready to finance such projects. JETP, a financing scheme made up of equity investments, grants and concessionary loans from members of Group of Seven (G7), multilateral banks and private lenders, is aimed at helping developing nations accelerate their shift towards cleaner energy sources in the power sector and cut reliance on dirty fuel such as coal. South Africa was the first country to reach a deal under the JETP, securing a $8.5 billion financing pledge in 2021. Indonesia secured $20 billion and Vietnam $15.5 billion in deals struck in late 2022. Here's an update of JETP's progress in Indonesia and Vietnam. Indonesia Indonesia had planned to announce in August its investment plan for the funds pledged under JETP, but it has since delayed the … [Read more...] about Indonesia, Vietnam energy transition financing under JETP