Indonesia hastens mercury use elimination
Indonesian Deputy Minister of Environment and Forestry Alue Dohong said on October 2 that the government will form a task force to accelerate the eradication of mercury use in Indonesia.
Indonesian Deputy Minister of Environment and Forestry Alue Dohong speaks at an event. Photo courtesy of Antara
He said he is also working with the Ministry of Trade, the Ministry of Energy and Mineral Resources, the National Police, and the Attorney General's Office to eliminate mercury use.
Strengthening the commitment comprises supervision, research development and governance, licensed gold mining, especially in small-scale mines, and international cooperation, he said.
Indonesia in 2017 ratified the Minamata Convention which concerns the use of mercury that has a negative impact on health and the environment.
In the mining sector, Dohong said that his side has opened 10 locations for processing gold without the use of mercury in different regions in the country.
- Read More
Indonesia’s GDP to reduce by $1.3 bln due to VAT hike
The planned increase in Indonesia’s value-added tax (VAT) rate from 11% to 12% could reduce the country's GDP by IDR 21 trillion ($1.3 billion), economists warned.
Southeast Asia - Mon, December 9, 2024 | 11:12 pm GMT+7
Southeast Asia poised to become global AI hub
In the first half of 2024, Southeast Asia attracted over $30 billion in artificial intelligence (AI) infrastructure investments, according to the 2024 e-Conomy SEA Report from Google, Temasek, and Bain & Company.
Southeast Asia - Mon, December 9, 2024 | 11:00 pm GMT+7
Vietnam deposit interest rates remain low, only 1 ppt higher than inflation: expert
Current deposit rates offered by Vietnamese banks, despite several hikes, are still low, just 1 percentage point higher than inflation - a gap similar to that in developed countries.
Banking - Mon, December 9, 2024 | 10:30 pm GMT+7
Role of sustainable supply chains – building a resilient future
Sustainability is a rapidly growing priority that has become central to how corporates in Asia are planning to govern their supply chains and respond to customer expectations, writes Surajit Rakshit, country head of global trade solutions at HSBC Vietnam.
Consulting - Mon, December 9, 2024 | 9:28 pm GMT+7
Minh Ngoc Steel: A 'quiet' major player in hydroelectric sector
Minh Ngoc Producing and Trading Co., Ltd. (Minh Ngoc Steel), founded by entrepreneur Dong Tuan Vu, has quietly made its mark on the hydroelectric sector, in addition to establishing itself as a key player in the steel industry.
Companies - Mon, December 9, 2024 | 5:14 pm GMT+7
Greenwell Energy Canada seeks to supply LNG for Vietnam
Greenwell Energy (Canada), under the United States-based Greenwell Energy, plans to build an LNG terminal in Vietnam’s central province of Thanh Hoa to supply LNG in the country.
Energy - Mon, December 9, 2024 | 4:21 pm GMT+7
Amkor Technology’s $1.6 bln project in Vietnam needs 2,800 workers
The $1.6 billion project of U.S.-headquartered semiconductor giant Amkor Technology in Vietnam is set to have a labor demand of 2,800 during stable operations, according to a recent project report.
Companies - Mon, December 9, 2024 | 3:30 pm GMT+7
Revenues of LG Electronics’ Vietnam factories up 24% to $6 bln in Jan-Sept
LG Electronics’ factories in Vietnam, LG Innotek Vietnam Hai Phong and LG Electronics Vietnam Hai Phong, recorded a total revenue of KRW8,532 billion ($6.02 billion) in the first nine months of 2024, up 24% year-on-year.
Companies - Mon, December 9, 2024 | 10:55 am GMT+7
Leading Vietnamese insurer Bao Minh lowers profit, dividend targets due to typhoon
Vietnam’s Bao Minh Insurance Corporation has revised its profit and dividend targets for 2024 following the increased compensation costs stemming from super typhoon Yagi, which severely impacted the northern region.
Finance - Mon, December 9, 2024 | 10:29 am GMT+7
Foreign capital flow key indicator for Vietnam stock market: expert
Foreign net buying/selling in the coming period will be a crucial indicator for Vietnam’s benchmark VN-Index, as foreign investors play a significant role in shaping market sentiment, according to Yuanta Vietnam Securities JSC's chief analyst.
Finance - Mon, December 9, 2024 | 9:38 am GMT+7
Vietnam's rice exports reach a record high
Vietnam’s rice exports achieved a record-breaking $5.3 billion revenue in the first 11 months of the year, up 22.4% year-on-year and 10.8% against the whole 2023.
Economy - Mon, December 9, 2024 | 8:00 am GMT+7
Southernmost Ca Mau province moves to better tap eco-tourism strengths
The Ca Mau World Biosphere Reserve, which includes the Ca Mau National Park, the U Minh Ha National Park, and the coastal protective forests, not only offers substantial economic benefits but also provides a clean environment that can provide many attractive ecological tourism experiences for visitors.
Travel - Sun, December 8, 2024 | 8:16 pm GMT+7
Vietnamese firms face numerous barriers in green transformation
Enterprises require significant capital to invest in machinery and production processes to embrace green transformation, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber-Plastic Association.
Companies - Sun, December 8, 2024 | 8:06 pm GMT+7
Vietnamese carmaker VinFast starts work on fifth EV plant project
Vietnamese startup automaker VinFast on Sunday kicked off an electric vehicle (EV) plant project in the central province of Ha Tinh - its second in Vietnam and fifth globally.
Industries - Sun, December 8, 2024 | 4:00 pm GMT+7
Vietnam poised to achieve 15% credit growth target: central bank
Vietnam is on track to meet its 2024 credit growth target of 15%, with credit expansion reaching 12.5% as of Saturday, according to Dao Minh Tu, State Bank of Vietnam (SBV) Deputy Governor.
Economy - Sun, December 8, 2024 | 10:42 am GMT+7
Thailand loosens EV production regulations
Thailand’s Board of Investment (BoI) has announced that the government would extend deadlines for electric vehicle (EV) manufacturers to meet domestic production quotas, addressing weak local market demand.
Southeast Asia - Sun, December 8, 2024 | 10:09 am GMT+7
