BP crisis: The impact on your savings and investments (15/6/2010)
The major oil spill in the Gulf of Mexico has taken a huge toll on BP's share value - almost halving it since the spill began in mid-April.
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Vietnam PM asks state firms for 10 pct growth (17/3/2010)
Prime Minister Nguyen Tan Dung has ordered all state-owned enterprises (SOEs) to improve operations and ensure an average 10 percent growth this year.
The SOEs have to revise their business plans, complete their projects on schedule, increase exports and cut imports, Dung said Wednesday at a meeting in Hanoi.
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Massive fire in Binh Duong results in 7 dead (17/3/2010)
Fierce blazes spreading through a cushion factory at Di An District,
Binh Duong Province in the Southern East area around 2am on March 11
were the cause of 7 deaths.
It occurred at Sieu Vinh Loi Trade-Services-Manufacturing Private
Company building at 03/D5 Binh Thuan 2 Hamlet, Thuan Gia Commune, Di An
District, Binh Duong Province in the South.
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Toll on cars in downtown HCMC not workable (17/3/2010)
Experts have opposed a plan to levy a special toll on cars in downtown Ho Chi Minh City, saying it won’t help improve traffic situation.
The proposed fees are also too high, they argue.
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'Deeply sorry' Toyoda worries message was lost (17/3/2010)
Toyota Motor Corporation President Akio Toyoda
Toyota Motor Corp President Akio Toyoda apologized to lawmakers probing the automaker's safety record but ended the day in tears, worried his message went lost in translation.
Toyoda, peppered with questions about the recall debacle that has
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Economic hub’s real estate market ready to hit top gear (17/3/2010)
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| The real estate market in Vietnam’s largest city is looking to perform
better in this year’s second quarter. “Vietnam’s real estate market is
expected to bounce back in 2010 after the global financial crisis.
However, clear recovery will begin only from the second quarter in Ho
Chi Minh City,” said Luong Tri Thin, chairman of Dat Xanh Real Estate
Construction and Services Joint Stock Company.
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Many potential home buyers are still sitting on the fence |
“Potential home buyers are hesitating, while investors and developers
are still suffering from capital constraints and watching the
government’s macro-economic policies,” Thin said. Thin said demand in
Ho Chi Minh City was not being met and buyers would probably come back
to the market in the second or third quarters.
Doan
Chi Thanh, director of the Real Estate Gate Limited Company, said: “We
expect the market to go up in the next two months, particularly with
the dominance of the low and medium-priced housing sector, and in
regards to apartments for singles and couples.”
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Rebuttal of Lang Son allegations (15/3/2010)
Hong Kong-backed InnovGreen is biting back at allegations it is
impoverishing some local households in northern Lang Son province.
Local media last week quoted residents in Loc Binh district’s Dong Quan
commune as saying the company failed to pay money for site clearance to
build roads in the commune as part of its project and failed to pay
VND49.5 million ($2,600) in salaries to local residents whom the firm
hired to plant forests.
But
Truong Dieu Ha, a spokeswoman for the foreign firm, said Loc Binh
district authorities were to blame as they failed to outline a
compensation payment scheme. “How can we disburse for compensation
payment without such a scheme? In the province’s other districts, we
have fulfilled our responsibilities,” she said.
Lang Son
province People’s Committee in February, 2008 licensed InnovGreen to
develop a $50 million forestation project with a 50-year lifespan,
under which the investor will plant 63,000 hectares of forests in 49
communes of seven districts of Lang Son. Only 485.7ha has been given to
the company so far.
As regards the allegations that the firm
failed to pay for local residents who planted forests under its
project, Ha said responsibility rested on InnovGreen’s contractors. “We
hired three locals in Dong Quan commune to be contractors, who are in
charge of hiring other locals to plant forest.
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