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Unlike ride-hailing firms, large taxi companies in Vietnam with fleets of thousands of vehicles will face rising expenses from the new policy. Mai Linh Group, one of the largest taxi companies in the country, said that it will be responsible for its directly-owned fleet while individual taxi drivers will pay for themselves. … [Read more...] about Transport companies rush to deal with licence plate colour changes

"The hotel industry is facing one of its biggest challenges to date, and we have asked for the same trust, flexibility and goodwill from EHT and DBS Trustee that the Sponsor has demonstrated, including paying above the hotel-generated income since time of IPO, providing multiple solutions consistent with commercial practices between lenders and other public companies experiencing the impact of COVID-19. However, it appears that EHT, on its advisors' recommendations, is continuing to permit activities which may rapidly consume EHT's cash resources, including soliciting a process to bring in a new partner that is likely to take several months before a successful tenderer and its plan may be approved for execution. It is the Sponsor's view that EHT would be better served by immediate steps to stabilise and recapitalise it. In our opinion, the longer EHT delays in implementing the Sponsor's proposal, the more likely it is that this process will consume a larger proportion of the EHT's cash … [Read more...] about Urban Commons Issues Notice of Breaches to Eagle Hospitality Trust

In particular, the transaction structure through National Payment Joint Stock Company (NAPAS) system has a strong shift from ATM transactions to inter-bank switching. The proportion of ATM transactions accounted for 62% in 2018 and 42% in 2019, while the share of inter-bank payment transactions increased to 48% in 2019 from 26% in 2018. … [Read more...] about Vietnamese shoppers prefer cashless payments

Major General Tô Ân Xô, spokesperson for Ministry of Public Security, said yesterday Chung was being investigated in connection with accusations of smuggling, accounting violations, money laundering and violations of bidding regulations, involving the privately owned software and technological service company Nhật Cường company and Hà Nội's Department of Planning and Investment. … [Read more...] about Hà Nội leader under investigation, suspended from duties for 90 days

Their only defenses now are masks, sanitizers and not interacting with each other. But Alang Thuoc believes this may not be enough if a possible patient still in the coronavirus’ incubation period sits in a room with hundreds of workers less than a meter apart to paint iron bars. … [Read more...] about Da Nang ethnic minority workers caught between a rock and a hard place