Vietnam 

Korea Exim Bank opens $2 billion credit line to PetroVietnam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  PetroVietnam’s oil rig in Đại Hùng oil field. Photo  pvn.vn HÀ NỘI — The Export-Import Bank of Korea said on Sunday that it has agreed to open a US$2 billion credit line to Việt Nam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more South Korean companies venture into the fast-growing economy. Yonhap news agency cited the Korean bank that the deal would help South Korean companies win more deals for Việt Nam’s massive infrastructure-building projects. The deal followed the first dialogue on economic cooperation at…

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China 

Global recession less likely thanks to loosening monetary policy, Credit Suisse CIO says

Fears that an escalating trade war between the United States and China may push the global economy into a recession in 2020 are rising, but that outcome is far from a certainty, according to Credit Suisse.Loosening monetary policy by central banks and the likelihood that the US Federal Reserve will cut rates this summer have “pushed back” the possibility of a severe economic downturn, said John Woods, Credit Suisse’s chief investment officer for Asia-Pacific.The bank does not expect a recession… Source link

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Vietnam 

Credit info plays important role in promoting financial market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Đỗ Hoàng Phong, director general of National Credit Information Centre of Việt Nam, speaks at the workshop on “Credit Information Services for Better Financial Inclusion” held on Tuesday in HCM City. — VNS Photo HCM CITY — Demand for credit information is increasing as the financial market and the digital economy continue to expand, speakers said at a workshop on “Credit Information Services for Better Financial Inclusion” held on Tuesday in HCM City. Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said that “credit…

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Singapore 

Best credit card GSS promotions, Lifestyle, Singapore News

There are also lots of big name crowd-pleasers, too, like Muji (10 per cent off, min. spend $100) and Sephora ($8 return voucher, min. spend $120). These are on top of the big name e-commerce sites like Qoo10 ($10 coupon) and Zalora (20 per cent off, min. spend $120). If you’re planning a big Taobao haul, set an alarm for 10am on 16 Jun: UOB is doing a one-off $12 off $100 promo + 3 per cent service fee waiver + extra 55RMB off with promo code TBUOBGSS. I like…

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China 

Chinese banks rejected nearly US$144 billion in loans last year using credit scoring system, central bank says

Chinese banks used the government’s new centralised credit scoring system to reject loan applications worth nearly 1 trillion yuan (US$144 billion) last year, the People’s Bank of China reported Friday, showcasing that its deleveraging campaign to reduce high debt and risky lending is succeeding.In total, 21 banking institutions rejected loan applications worth 911.7 billion yuan (US$131.7 billion) from “high risk” customers, while also receiving alerts on outstanding “high risk” loans worth 1… Source link

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Vietnam 

World Bank offers new credit to develop urban centres – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.— Photo ndh.vn WASHINGTON — The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning. The Dynamic Cities Integrated Development Project aims to increase access to improved urban services in Kỳ Anh in Hà Tĩnh Province, Tĩnh Gia in Thanh Hóa…

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Singapore 

Plastic ingestion by people could amount to eating a credit card each week, Singapore News

SINGAPORE – Fancy a pinch of plastic with that shellfish dish? New research combining the results of more than 50 studies globally has found that on average, people could be ingesting about 5g of plastic every week – equivalent to a credit card – in the air they breathe, the food they eat and especially, the water they drink. This amounts to about 100,000 tiny pieces of plastic – or 250g – every year, said the World Wide Fund for Nature (WWF) and the University of Newcastle on Wednesday (June…

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Home 

Alibaba said to pick CICC, Credit Suisse to lead Hong Kong share sale

Chinese internet giant Alibaba Group has picked China International Capital Corp and Credit Suisse Group to lead a planned Hong Kong share sale, people familiar with the matter said.The online retailer is in discussions with other investment banks seeking a role on the offering, according to the people, who asked not to be identified because the information is private. Alibaba plans to file a formal listing application with the Hong Kong stock exchange as soon as the next few weeks, the people… Source link

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Singapore 

Visa credit cards can now be used on local public transport, Digital, Singapore News

Paying for local public transport using Visa contactless cards is now possible. This is one of Visa’s largest implementation for contactless payment and it’s also part of LTA’s (Land Transport Authority) SimplyGo initiative. Visa contactless-enabled cards1 issued by all banks2 in Singapore will be part of this transit initiative. Users will also be able to make use of mobile contactless transactions via compatible devices on the following payment platforms: Apple Pay Fitbit Pay Google Pay Samsung Pay Singtel Dash mobile wallet users can also use their Dash Visa Virtual Account3 to tap…

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Vietnam 

Việt Nam’s credit growth expands by 5.07% in five months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The credit growth in the first five months of 2019 was lower than that of the same period last year, when the credit rose by 6.16 per cent. VNA/VNS Photo HÀ NỘI The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported. The rise was lower than that of the same period last year, when the credit rose by 6.16 per cent. Despite the moderation of…

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