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In addition, Division 3’s troops inquired after and presented gifts to 35 policy households, cleaned up three war martyrs’ cemeteries, and offered incense in commemoration of fallen soldiers on the occasion of the 73rd Wounded and Fallen Soldiers’ Day. … [Read more...] about Military unit conducts mass mobilization during their field trip to Lang Son and Bac Giang

The National Assembly approved the new securities law last November, which will come into effect on January 1, 2021. The government recently announced a draft decree which provides details on a number of articles needed to implement the new law. The goal is to reduce the number of conditions for business and investments, simplify procedures and enhance the transparency of the market to international standards among other factors, as per the State Securities Commission. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC

Jakarta (VNA) - The Indonesian government is set to provide cash transfers and working capital loans for micro, small and medium enterprises (MSMEs) in its latest bid to boost economic growth amid the COVID-19 pandemic. Deputy Minister of State-Owned Enterprises Budi Gunadi Sadikin, who is also head of the national economic recovery task force, said on July 29 that the government would provide 2.4 million rupiah (165 USD) in cash each for 10 to 12 million MSMEs, as well as working capital loans of 2 million rupiah for MSMEs. The assistance is expected to maintain people’s income and be used as working capital to support their businesses, he told reporters during a press briefing. The government will also add working capital loans with low interest for those who have already started businesses. President Joko Widodo has asked the national economic recovery task force to focus on boosting economic growth in the third quarter of 2020, as well as to maintain employment and income … [Read more...] about Indonesia to provide cash transfers, working loans for 12 mln MSMEs

Jakarta (VNA) – The Indonesian government has announced that it had revised a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration, according to Reuters. The revisions, which came into effect on July 16, allow contractors to choose between different sharing contracts including the “cost recovery” and “gross split” systems in an effort to boost investment. Indonesia adopted the “gross split” scheme for oil and gas production deals in 2017, in which contractors shoulder the cost of exploration and production in exchange for retaining a bigger portion of the oil and gas they recover. That represented a shift from the “cost recovery” scheme used previously, in which the government reimbursed the exploration and production costs borne by the contractors in exchange for a higher share of companies’ oil and gas earnings. Under the revised law, expiring contracts no … [Read more...] about Indonesia allows oil and gas investors to choose contract options

Australia's Victoria state imposed fresh, sweeping restrictions on Sunday, including a curfew in Melbourne for the next six weeks, a ban on wedding gatherings, and an order that schools and universities go back online in the coming days. … [Read more...] about Global virus cases top 18 million as Australian city imposes curfew