Monday, December 17, 2018 - 5:08:26

government spending

State Audit completes 96 percent of annual plan

Business

State Audit completes 96 percent of annual plan

The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.

Social housing development boosts economy: Minister

Business

Social housing development boosts economy: Minister

Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.

Former Philippine President Aquino faces criminal charge

World

Former Philippine President Aquino faces criminal charge

The Philippine anti-graft agency on June 20 recommended a criminal charge against former President Benigno Aquino for disbursing 72 billion pesos (1.35 billion USD) of state funds for major government projects without the required approval of the Congress.

Malaysian PM vows to cut down national debt

World

Malaysian PM vows to cut down national debt

Malaysia’s Prime Minister Mahathir Mohamad has announced that his administration is taking various approaches to reduce the national debt from 1 trillion RM (251.2 billion USD) to 800 billion RM.

Thailand’s April CCI highest since 2015

World

Thailand’s April CCI highest since 2015

The Centre for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has announced that the country’s Consumer Confidence Index (CCI) in April rose to the highest level in 40 months after a minimum wage rise.

Vietnam’s shadow economy sparks debate

Business

Vietnam’s shadow economy sparks debate

Despite concerns from economic experts about the undetermined scale and scope of Vietnam’s undocumented market transactions, authorities are adamant that the illicit economy is under control and will soon be regulated heavily.

RoK: Economic growth accelerates in Q3

World

RoK: Economic growth accelerates in Q3

The Bank of Korea (BoK) has said that the Republic of Korea’s economic growth hit a seven-year record high in the third quarter due to increased construction investment and exports.