Indonesian House of Representatives approves assistance funds to SOEs World

Indonesian House of Representatives approves assistance funds to SOEs

The Indonesian House of Representatives has approved the proposal for government assistance in the form of state capital participation (PMN), disbursement of government debt to State-Owned Enterprises (SOEs) and loan funds worth 151.15 trillion Rp (10.32 billion USD) for a number of SOEs.
Petrolimex plans stock sale, divestment of State capital Business

Petrolimex plans stock sale, divestment of State capital

The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, announced chairman Pham Van Thanh at Petrolimex’s recent annual general meeting of shareholders.
National Assembly passes resolutions Politics

National Assembly passes resolutions

The 14th National Assembly approved a resolution on the establishment of the National Election Council (NEC) in the morning of June 19, with 94.41 percent of deputies voting in favour.
No more cash for ailing mega-projects: Deputy PM Business

No more cash for ailing mega-projects: Deputy PM

The State will not pump more money into 12 loss-making mega-projects under the management of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Truong Hoa Binh said at a recent meeting with high-ranking officials in Hanoi.
VietinBank plans to increase chartered capital Business

VietinBank plans to increase chartered capital

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) planned to increase its chartered capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal procedures for implementation.