The centre has stepped up efforts to reform the national database of credit information, improve IT Infrastructure, and enhance credit information products and services, he added. For example, it has helped to expand the coverage of the Credit Reporting System to outside the industry, diversifying data sources for credit institutions to evaluate borrowers. … [Read more...] about Financial infrastructure key to economic recovery in Asia-Pacific: APEC
Chongqing foreign trade and economic cooperation group co ltd
Moscow (VNA) – An online workshop to promote trade cooperation between Vietnam and the Udmurtia Republic, a federal subject of Russia, took place on November 27, bringing together representatives from enterprises of both sides. In his opening speech, head of the Udmurtia Republic Alesander Brechalov briefed participants on Udmurtia’s economic potential, saying that he expects the event will help the two sides’ enterprises understand each other's proposals. Udmurtia ranks first in terms of cheese production and third in milk production in Russia, he said, adding that the Udmurtia has two cities with investment incentives and four industrial parks being available for serving businesses. He expressed his hope for expanding cooperation with Vietnam. For his part, General Director of the Trade Promotion Agency of the Ministry of Industry and Trade of Vietnam Vu Ba Phu said the workshop offers a good chance to introduce cooperation potential to the two sides … [Read more...] about Vietnam, Russia’s Udmurtia Republic seek to boost trade bond
HCM City (VNA) – Ho Chi Minh City attaches importance to and pledges to further foster cooperation with Germany in the time to come, said a local official. Vice Chairman of the municipal People’s Committee Vo Van Hoan made the statement at a festival to promote German culture in HCM City on November 28, which is part of activities to mark the 45th anniversary of Vietnam – Germany diplomatic ties. In his remarks, Hoan highlighted the development of all-around cooperation between the two countries, especially when Vietnam and Germany upgraded their ties to strategic partnership in 2011. Germany is an important and reliable partner of Vietnam, and a leading trade partner of the Southeast Asian country in the European Union (EU), he said. HCM City has contributed importantly to the bilateral relationship, with trade turnover between the city and Germany reaching 2 billion USD in 2019 and over 1.4 billion USD in the first 10 months of 2020. Germany currently has … [Read more...] about HCM City looks to beef up cooperation with Germany
Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Speaking at the 38th annual meeting of the Thai Chamber of Commerce on November 27, Deputy Prime Minister Supattanapong Punmeechaow said 2021 will be a transitional year for Thailand to take serious action in restructuring its economy. Though the Thai economy is expected to recover to growth of 3-4 percent in 2021 from contraction this year, it will still rely on domestic consumption, he said, noting that reforms are essential to facilitate economic recovery. He said a restructuring plan is expected by the first quarter of 2021, focusing on building up the local economy and attracting foreign direct investment, notably in new industries related to medical services, food, the circular economy, biofuel or clean energy, smart electronics and electric … [Read more...] about Thailand plans economic restructuring to attract foreign investment
The positive signs in Pakistan's economy were seen during the first quarter of the ongoing fiscal year 2020-21 (FY20-21), with remittances growing 26.5%, foreign direct investment (FDI) rising 9.1%, tax collection going up 4.5%, and the primary balance turning into a surplus worth Rs258 billion. … [Read more...] about PTI govt’s policies powering economic growth in Pakistan, key indicators show
While flagship universities have in recent decades increased their out-of-state and international student enrollments, regional public universities are dependent on in-state residents for meeting their enrollment targets and typically focus on promoting access to tertiary education for students who may not have access to elite institutions. Historically, states cut appropriations for higher education during recessions and then restored funding during the economic recovery phase. But the Great Recession and its aftermath proved to be an exception. In many states, funding had failed to fully rebound even a decade after the end of the Great Recession. … [Read more...] about Is there an economic case for saving regional public universities and mid-tier private colleges?