New Corp., Rupert Murdoch’s media giant, reported Thursday a 6.41 billion U.S. dollar loss in the second quarter of its fiscal year. News Corp Chief Executive Rupert Murdoch leaves the New York Stock Exchange October 10, 2008. (Xinhua/Reuters File Photo)The company, which owns Dow Jones & Co., movie studio 20th Century Fox and the Fox [...]
Coffee shop retailer Starbucks will close 300 stores and eliminate 6,700 jobs as the premium coffee outlet finds it hard to thrive in the struggling economy, the company said Wednesday. Pedestrians walk pass a Starbuck coffee shop in Washington on Jan. 29, 2009. Starbucks said Wednesday it was slashing 6,700 jobs and closing 300 stores [...]
Lookatvietnam – The First Division Tournament or the Sino Cup will officially kick off from February 6 to August 22, the Vietnam Football Federation (VFF) has recently announced. Lookatvietnam – The First Division Tournament or the Sino Cup will officially kick off from February 6 to August 22, the Vietnam Football Federation (VFF) has recently [...]
Lookatvietnam – The National Women’s Football Championship 2009 will open on March 24, attracting the participation of 6 teams including the defending champions Hanoi, as well as other teams from Vietnam Coal and Minerals, Hoa Hop-Hanoi, Ho Chi Minh City, Ha Nam and Thai Nguyen provinces.The first-leg match will take place in Thai Nguyen from [...]
Thai Prime Minister Abhisit Vejjajiva said the government will spend 300 billion baht (US$8.6 billion), or about 3 percent of gross domestic product, to help counter a slump in Southeast Asia’s second-largest economy. “The spending should start around March or April,” Vejjajiva told reporters Friday in Bangkok. “We had weak forecasts but we will try [...]
The focus of the government’s $1 billion economic stimulus package announced earlier this month would be interest rate subsidies for small and medium businesses like the cooking oil factory pictured above, Minister of Planning and Investment Vo Hong In the face of a dramatic global slowdown and raging inflation earlier in the year, Vietnam’s economy [...]
VietNamNet Bridge – The economic stimulus package, worth US$6 billion, according Deputy Prime Minister Nguyen Sinh Hung, is not a specific financial package which will be directly pumped into the economy, but it comes from tax reductions, the issuance of bonds, guarantee for international loans, and social welfare. Minister of Planning and Investment Vo Hong [...]
VietNamNet Bridge – The government recently announced a demand stimulus package worth USD $1 billion, but it is said that the government is considering an even bigger package (up to VND 100 billion or nearly $6 billion), which may be announced at the monthly cabinet meeting in late-December. “In this current period, the government will [...]
VietNamNet Bridge – Vietnam Airlines Corporation signed a contract on December 12 in Hanoi to buy 6 ATR72-500 planes worth of US$112 million from France’s ATR (Avion de Transport Regional) Company. This is the second contract to purchase ATR72-500s between the two parties after the first one order in December, 2007, increasing the total of [...]
Vietnam will set aside VND2.37 trillion (US$143.6 million) between 2009 and 2015 to address climate change, according to the Ministry of Natural Resources and Environment. Under a national target program recently approved by Prime Minister Nguyen Tan Dung, the money, half from foreign funds, will be spent on assessing climate change impacts in Vietnam, identifying [...]
