Indonesia’s real estate revenue down 70 percent World

Indonesia’s real estate revenue down 70 percent

Secretary General of the Association of Housing Development of Indonesia (Peurmahan) Daniel Djumali has announced that revenue in the country’s real estate market this year has slumped by 70 percent year-on-year due to the COVID-19 pandemic.
PV Gas’s Jan-May revenue surpasses goal despite pandemic Business

PV Gas’s Jan-May revenue surpasses goal despite pandemic

The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period.
Pandemic delays chip card conversion plans Business

Pandemic delays chip card conversion plans

Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the COVID-19 pandemic has significantly slowed down their efforts, making it difficult for them to meet the deadline.
Indonesia disburses 3.7 billion USD to support 12 SOEs World

Indonesia disburses 3.7 billion USD to support 12 SOEs

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.
Workers are returning to work, for now Business

Workers are returning to work, for now

Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Vietnam, said Deputy Minister of Labour, Invalids and Social Affairs (MOLISA) Le Van Thanh at an online conference held on June 3 to discuss and share experience in job creation and sustainable business in the new normal [after COVID-19].
Cambodia’s garment, footwear sectors propose EU postpone EBA withdrawal World

Cambodia’s garment, footwear sectors propose EU postpone EBA withdrawal

The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA) and the European Chamber of Commerce in Cambodia (EuroCham) on June 2 requested the European Commission to postpone its withdrawal of the ‘Everything But Arms’ (EBA) preferential trade scheme for 12 months so that the apparel, footwear and travel goods sectors recover.
Indonesia’s economic growth projected at 1 percent in Q2 ASEAN

Indonesia’s economic growth projected at 1 percent in Q2

Indonesia's economic growth in the second quarter of 2020 is expected to be much lower than that of the first quarter, only about 1 percent due to the large-scale social restrictions (PSBB) imposed nationwide, said Finance Minister Sri Mulyani at an online press conference on June 3.