February 3, 2009
Thailandâs banks are seeking a 54 billion baht (US$1.54 billion) government aid package designed to help them restart lending to businesses and lift the economy out of a probable recession. The Thai Bankersâ Association asked the government to provide 50 billion baht for loans to exporters and 4 billion baht to recapitalize the state-run Small [...]
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February 1, 2009
Customers at a Vietcombank branch in Ho Chi Minh City. Businesses and experts said borrowing costs would come down to more affordable levels after recent moves by the government to subsidize interest rates and cut the benchmark rate, both effective today. Huynh Van Minh, chairman of the Ho Chi Minh City Business Association, said the [...]
Tags: a, but, cut, double, firms, incentives, more, rate:, seek, subsidies, treat
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January 30, 2009
Ford Motor Company on Thursday reported a fourth quarter net loss of 5.9 billion U.S. dollars, compared with a loss of 2.8 billion dollars in the same period of 2007. Ford Motor Co. Chief Executive and President Alan Mulally (L), Executive Chairman Bill Ford (2nd L), President of the Americas Mark Fields and Group Vice [...]
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January 19, 2009
Analysts believe that if businesses really need to issue shares to increase capital at this ‘sensitive’ moment,’ they should seek new investors rather than rely on existing shareholders. In 2009, the plan to increase capital through the stock market will be carried out carefully by enterprises, because investors are indifferent to the share issuanceIn 2009, [...]
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January 16, 2009
Workers at Saigon 2 Garment Company. Apparel makers anticipate a tough year ahead and want the government to give them a helping hand. The textile and garment industry is demanding government assistance to overcome the export hurdles posed by the recession. At a meeting organized by the Vietnam National Textile and Garment Group (Vinatex) with [...]
Tags: aid, difficult, exporters, Government, over, seek, textile, tide, to, year
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January 13, 2009
Ford Motor Co, the second-largest U.S. automaker, may have to abandon its plan to forgo federal loans as the weakening economy threatens to drive domestic sales 10 percent lower than the company’s forecast. Workers remove the Ford logo signs from Al Long Ford auto dealership in Warren, Michigan Dec. 23, 2008. (Xinhua/Reuters Photo)Ford expects U.S. [...]
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January 12, 2009
VietNamNet Bridge – Luxury jewellery items these days prove to find it hard to look for buyers as purchasing power decrease sharply over the same period of the last year. According to the Hanoi branch of the Phu Nhuan Jewellery Company, the sales of luxurious jewellery items with precious stones decreased by 1/3 in the [...]
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December 27, 2008
UN Secretary-General Ban Ki-moon Friday said that he supports Pakistan’s efforts to search for truth and justice on the December 2007 assassination of former Prime Minister Benazir Bhutto. A supporter holds a candle next to a picture of slain former prime minister Benazir Bhutto during a prayer ceremony ahead of her first death anniversary in [...]
Tags: assassination, backs, Bhutto, Chief, efforts, justice, on, Pakistan’, s, seek, to, truth, UN
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December 27, 2008
VietNamNet Bridge – Local experts have described the harmonious settlement of relations between the financial and real estate markets as a key to mitigating threats to the national economy and living conditions of the people. At a seminar held in Hanoi on Dec. 26, experts painted a bleak picture of the property market during this [...]
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December 23, 2008
VietNamNet Bridge – More than 3,000 train tickets will be distributed to workers in industrial and export processing zones by the Ho Chi Minh City Labor Union, Deputy Chairman of the city People’s Committee Truong Lam Danh said on Monday. Workers were eager to go home for Tet holiday.VietNamNet Bridge – More than 3,000 train [...]
Tags: for, free, HCMC, labor, seek, tickets, train, unions, workers
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