Archive for July 16th, 2012
Business Briefs July 16
* Sam Cuong Material Electric and Telecom Corporation (SMT) will float an additional 165,000 shares on the northern bourse on July 16. * VietAnh Joint Stock Company has [...]
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Song Hong Corp post 45b dong profit in H1/2012
Song Hong Joint Stock Corp has recently said that in the first six months of this year, the corporation reached approximately 1.89 trillion dong revenue, or 45 percent of the [...]
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More bank to reduce lending interest rate for old loan to 15pct/yr
From July 15, Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB) would adjust down the lending interest rate to the maximum of 15 percent per year for old loans [...]
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Vietnam’s trade deficit from India down 45 pct
Vietnam’s trade deficit from India in the first six months of 2012 stood at $335 million, down 45 percent over the same period last year ($606 million), according to [...]
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Interest rate on interbank market decreases significantly
The interest rate on interbank market during the last week decreased significantly in short terms and less than 1-month term but money still remained stagnant in commercial [...]
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MTA VIETNAM2012: A Gathering of International Machine Tool Brands
Vietnam’s leading manufacturing solutions trade show, MTA VIETNAM2012, opens for its 10th edition today in HCM City, Vietnam. Occupying more than 8,000 square metres of [...]
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Nickel Asia says H1 ore shipments totalled 5m WMT
Nickel Asia Corp. sold 5.02 million wet metric tonnes of nickel ore in the first half of 2012, the company noted in a statement to the Philippine Stock Exchange on Thursday. [...]
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Philex Mining’s project may be delayed due to moratorium
A project of Philex Mining may be delayed because of the extended moratorium on mining permits. Under Executive Order 79, the moratorium will stay until Congress raises the [...]
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Lifting ban on Philippines’ Tampakan mine unlikely -governor
The Philippine province where a joint venture of Xstrata Plc wants to develop a $5.9 billion copper and gold mine is unlikely to lift its ban on the project, the governor [...]
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Avocet may cut back on Guinea projects spend: CEO
West Africa focused-gold miner Avocet Mining Plc (AVM.L) expects to cut spending on exploration projects in Guinea and might even sell its assets in the country to preserve [...]
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Indonesia to build copper smelting plant in East Kalimantan
The government plans to build a copper processing centre in Bontang, East Kalimantan, that will be completed by 2014, an official said on Thursday. Energy and Mineral [...]
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E Timor to seek legal action against ConocoPhillips
Apart from coffee and tourism, some 90 percent of the country’s revenue is derived from oil and gas. The tiny half-island nation of East Timor says it will seek legal [...]
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Freeport seeks clarity ahead of $17b expansion
Indonesia’s biggest copper and gold miner, PT Freeport Indonesia, is currently waiting for clarity from the government in relation to a contract extension for its [...]
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Indonesia to keep exporting LNG, despite local need
The government will continue to export part of its national gas production in the future but the domestic market will become the main priority, a senior official of upstream [...]
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Sumitomo stoked over Isaac Plains coal purchase
Sumitomo says its purchase of 50 per cent of the Isaac Plains mine in Queensland for $430 million from Aquila Resources is the coking coal investment it was looking for. [...]
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