Indonesia’s foreign debt growth slows in Q4 last year World

Indonesia’s foreign debt growth slows in Q4 last year

Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD.
Bancassurance becomes main service earner for banks Business

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Over 800 volunteers join hands in cleaning Da Nang beach Environment

Over 800 volunteers join hands in cleaning Da Nang beach

More than 800 volunteers joined a campaign to clean Kim Lien beach in the central city of Da Nang on August 7, which was jointly held World Wide Fund for Nature (WWF) Vietnam, Prudential Vietnam and the municipal Department of Natural Resources and Environment.
Vietnam - a magnet for M&A deals Business

Vietnam - a magnet for M&A deals

Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
Central bank to keep monetary policy on hold through 2019 Business

Central bank to keep monetary policy on hold through 2019

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.
Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
Prime Minister meets with foreign leaders in Davos Politics

Prime Minister meets with foreign leaders in Davos

Prime Minister Nguyen Xuan Phuc had bilateral meetings with many foreign leaders and business executives on January 24 (local time) on the sidelines of the annual conference of the World Economic Forum (WEF) 2019 in Davos.