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China’s biggest banks well prepped on non-performing loans, ready for stricter reporting standard

The latest window guidance, which calls for recognising NPLs at more than 60 days overdue, has only been issued to China’s six biggest banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Postal Savings Bank of China and Bank of Communications. Photo: Reuters Source link

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Vietnam 

The Transport Minister mulls stricter penalties to drunk driving – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Traffic police takes alcohol test for a driver. —VNA/VNS Photo Việt Hùng HÀ NỘI — The Ministry of Transport (MoT) has asked the Directorate for Roads of Việt Nam (DRVN) to revise the Government Decree No 46 issued in 2016 towards imposing stricter penalties on drivers whose alcohol content in blood or breath exceeding the permitted level. Under the directive, which was signed by Transport Minister Nguyễn Văn Thể, the DRVN was requested to coordinate with the Department of Transport of provinces and cities to direct inspectors…

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Chinese oil firm hunts for overseas assets even as deal making falls to 10-year low amid stricter scrutiny

China’s overseas oil and gas acquisitions fell to their lowest level in a decade, as volatile oil prices and geopolitical headwinds made deal making harder for Beijing, but state-backed firms are undeterred in their plans. Some 14 deals worth US$2.36 billion have been recorded so far this year – a second year of declines, according to Refinitiv data. If there are no agreements in the next three weeks, this year will rank as the lowest in terms of number of deals in the last 10 years and the smallest by…

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