Saturday , November 23 2024

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Fuel market cannot be regulated by administrative diktats: PM

Fuel market cannot be regulated by administrative diktats: PM

The recent fuel shortages happened because retail prices did not follow the principles of a market economy, and the government cannot mandate prices, Prime Minister Pham Minh Chinh said. “Businesses only operate if they gain profits. It is very difficult for the government to use administrative measures with them in …

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Gold prices continue to drop

Gold prices continue to drop

Prices of gold bars branded SJC on Monday dropped 0.4% from the weekend to VND67.35 million ($2,716.82) per tael. Selling prices of gold rings remained unchanged, reaching VND54.05 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Globally, gold prices slipped on Monday, as a stronger …

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South Korea govt plans first talks with striking truckers

South Korea govt plans first talks with striking truckers

South Korea’s government plans to meet the country’s striking truckers’ union for talks on Monday for the first time since a nationwide walkout began five days ago, as supply chain glitches worsened and construction sites faced concrete shortages. With supplies of cement and fuel for gas stations running short, the …

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