HANOI (Xinhua): Many banks in Vietnam have increased deposit interest rates by 0.1 to 0.6 percentage points amid the growing demand for funds and inflationary pressure, local media reported on Wednesday (May 18). The rates have increased sharply since the beginning of this month, with the peak at 6.5 per cent to 7.4 per cent, the daily newspaper Vietnam News reported. … [Read more...] about Vietnam banks raise interest rates amid inflation
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East African real estate executives hopeful of recovery amid COVID-19 shocks
NAIROBI, May 18 (Xinhua) -- East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya's capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic recovery has prompted a lot of interest in the sector … [Read more...] about East African real estate executives hopeful of recovery amid COVID-19 shocks
Cambodia iron, steel imports mount as construction sector recovers
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia imported iron and steel worth US$119.72 million in the first four months of 2022, marking an increase of 19 per cent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 per cent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, … [Read more...] about Cambodia iron, steel imports mount as construction sector recovers
Money for Ukraine tops G7 agenda; inflation, food a concern
KOENIGSWINTER, Germany (Reuters) -Group of Seven financial leaders are likely to agree on Thursday and Friday on around $15 billion to help Ukraine pay its bills in coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda. Finance ministers and central bank governors of the United States, Japan, Canada, Britain, … [Read more...] about Money for Ukraine tops G7 agenda; inflation, food a concern
Ukraine prosecutor seeks life sentence for Russian soldier in war crimes trial
KYIV (Reuters) -A Ukrainian state prosecutor asked a court on Thursday to sentence a Russian soldier to life in prison for killing an unarmed civilian in the first war crimes trial arising from Russia's Feb. 24 invasion. Vadim Shishimarin, a 21-year-old Russian tank commander, asked widow Kateryna Shelipova to forgive him for the murder of her husband, Oleksandr, in the … [Read more...] about Ukraine prosecutor seeks life sentence for Russian soldier in war crimes trial