Ho Chi Minh City will build 1,300 social homes in Thu Duc City and Binh Chanh District for workers and those with low incomes this month. The HCMC Department of Construction on Tuesday said the public housing projects are among measures to build low-price homes accessible to workers and people …
Read More »IMF economist sees risks that inflation expectations climb upward
The International Monetary Fund’s new chief economist said on Tuesday he is concerned about increasing signals that inflation expectations are on the rise and may become entrenched at elevated levels, prompting more aggressive monetary policy tightening in advanced economies. Pierre-Olivier Gourinchas, who started transitioning to the IMF’s economic counselor role …
Read More »Musk willing to invest up to $15 bln of own money to buy Twitter
Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private, the New York Post reported on Tuesday, citing two sources familiar with the matter. The billionaire, who is Twitter’s second-biggest shareholder with a 9.1 percent stake, is planning to …
Read More »Netflix rocked by subscriber loss, may offer cheaper ad-supported plans
Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. The company said it …
Read More »Hanoi suspends sale of 600 villas pending conservation review
Eleven days after announcing it, Hanoi has suspended the sale of 600 century-old villas, saying it would review measures to conserve them. At a Tuesday press meet, Truong Viet Dung, spokesman for the Hanoi People’s Committee, said the administration has suspended the sale of 600 century-old villas pending a comprehensive …
Read More »Car parked outside home has all 4 wheels stolen
Thieves stole all four wheels from a car parked in front of its owner’s house in the Central Highlands province of Dak Lak. Nguyen Van Tung, 28, of Buon Ma Thuot Town said he was getting ready to leave for work on Monday morning when he found his car without …
Read More »Covid-19 patients can go to work: deputy health minister
Employers can create conditions to enable staff with Covid-19 to continue working if they so wish, says deputy Health Minister Nguyen Truong Son. If Covid-19 patients “are willing to go to work,” employers should make arrangements to separate them and avoid cross-infection, Son said at a meeting Tuesday. However, the …
Read More »Vietnam records 13,500 new Covid-19 cases
Health authorities confirmed 13,500 new Covid-19 cases Tuesday, dropping more than 29,000 against Monday. The three localities with the highest numbers of new cases are Hanoi with 1,022 cases, northern Yen Bai Province with 605 cases and HCMC with 557 cases. With 18 deaths confirmed in the past 24 hours, …
Read More »Rising star in Thai politics faces mounting #MeToo allegations
An up-and-coming Thai politician is facing allegations he sexually abused more than a dozen women, in what is fast becoming the country’s most high-profile #MeToo case. According to Thai police, 14 women formally filed complaints against former Democrat Party deputy Prinn Panitchpakdi, whose father was deputy prime minister and later …
Read More »French government to resign if Macron wins: PM
French Prime Minister Jean Castex said Tuesday that his government would tender its resignation if Emmanuel Macron is re-elected president, in a bid to provide a “new impetus” for Macron’s centrist party ahead of parliamentary elections in June. Macron is facing a close race in the run-off on Sunday against …
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