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Kevin Snowball, CEO of PXP Vietnam Asset Management thinks the Vietnam market is cheap. He says the bad loans issue in Vietnam is manageable and concentrated in certain areas.
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SINGAPORE/ JAKARTA, May 6- Indonesia is expected within days to give a green light to its biggest foreign bank takeover, but sources say the deal conditions are likely to send a very different signal: foreign ownership and bank consolidation are now in the slow lane.
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BERLIN, May 3- The German government has approved the sale to Indonesia of about 100 used Leopard 2 tanks and 50 armoured personnel carriers but has put off a decision on a tank sale to Saudi Arabia, a defence source said on Friday.
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SINGAPORE, May 3- Asian gasoil and jet fuel margins slipped on Friday as more spot supply emerged from Taiwan and South Korea adding to a glut of supply in the market, industry sources said. The June gasoil margin fell 45 cents to $14.58 a barrel above Dubai crude while jet fuel margin slipped by 36 cents to $14.63 a barrel, Reuters data showed.
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SEOUL/ SINGAPORE, May 3- South Korea could scrap a diesel import incentive in June, a source close to the matter told Reuters, allowing the country's refiners to recapture domestic market share lost to cheaper foreign suppliers.
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SINGAPORE, May 3- The Asian naphtha price rebounded on Friday to a two-session high of $834.50 a tonne but its margin spiralled down for the fourth straight session to hit a fresh nine-month low of $66.28 a tonne on stubborn high supplies.
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May 3- Most Southeast Asian stocks fell on Friday, with Malaysia hitting a more than three-week low as investors sold shares on uncertainty over the outcome of the country's national elections, while a rating downgrade dragged Indonesian shares down.
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May 3- McLeod Russel India Ltd:. *Says subsidiary to buy tea processing factory in Vietnam for $2.75 million.
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May 3- Following are excerpts from the first-quarter earnings results of Vietnam's third-biggest listed lender, Joint Stock Commercial Bank for Foreign Trade of Vietnam. Unit: million dong Item Q1 2013 Q1 2012 Total assets 418,836,460 358,617,952 Gross profit 1,420,973 1,662,854 Net profit 1,086,079 1,290,640 Results are of the parent company only.
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By Meeyoung Cho and Jessica Jaganathan. SEOUL/ SINGAPORE, May 3- South Korea may cut back on rising diesel exports as Seoul considers scrapping an import tariff exemption on the fuel, a move that could allow refiners there to reclaim lost domestic market share, a source close to the matter said.
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By Jessica Jaganathan and Meeyoung Cho. SEOUL/ SINGAPORE, May 3- South Korea may cut back on rising diesel exports as Seoul considers scrapping an import tariff exemption on the fuel, a move that could allow refiners there to reclaim lost domestic market share, a source close to the matter said.
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THOI BAO KINH TE VIETNAM. ECONOMIC AND GENERAL NEWS: VIETNAM NEWS. --Vietnam's trade deficit with China widened to $16.3 billion last year.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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Japan, South Korea, Indonesia and Vietnam were the only countries to report a faster improvement in operating conditions during April, JPMorgan said. Over the past two days, manufacturing indexes for the United States, euro zone- including powerhouse Germany- and China have all declined.
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Japan, South Korea, Indonesia and Vietnam were the only countries to report a faster improvement in operating conditions during April, JPMorgan said. Over the past two days, manufacturing indexes for the United States, euro zone- including powerhouse Germany- and China have all declined.
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JAKARTA, May 2- Most Southeast Asian stock markets fell on Thursday, tracking Asian shares which retreated on weak Chinese manufacturing data that raised doubts about the health of the global economy. Thailand and Vietnam were down 0.54 percent and 0.31 percent, respectively.
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China is exporting lots of barrels but there are hardly any opportunities for Asian diesel barrels to move west, "said a Singapore- based trader. The Singapore onshore stocks jumped 14.5 percent to a two-week high of 10.417 million barrels in the week to May 1, official data showed.
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FINANCIAL NEWS: THOI BAO KINH TE VIETNAM. --Partly private Vietnam International Bank said it has offered loans worth a total of 1 trillion dong at interests as low as 7.77 percent for business purposes, home building and car purchases by July 22.
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MANILA, May 2- Following is a list of company-related and market news that could affect the local market. -China Banking Corp holds annual stockholders' meeting, Penthouse, China Bank Building, Makati City, 4:00 p.m.. -Department of Finance to release March budget data.
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Kevin Snowball, CEO of PXP Vietnam Asset Management thinks the Vietnam market is cheap. He says the bad loans issue in Vietnam is manageable and concentrated in certain areas.