Economy and commerce
Investment
Vietnam's Masan invests more in meat businesses
Vietnam’s consumer giant Masan Group Corporation is now shifting its focus to the meat sector that reportedly made up 46 percent of its revenue in 2015. The group’s subsidiary Masan Nutri-Science has bought the remaining 30 percent stake in animal feed company Anco, and increased its ...
Farmers urge region government to restart Southwest New City project
A farmers group is pressing local authorities to resurrect the controversial Southwest New City project. Though the three companies selected to build the new city were ready to proceed on the basis of approval from the outgoing Yangon Region government, the incoming National League for ...
Somkid woos investors from China
Deputy Prime Minister Somkid Jatusripitak has told Chinese investors that political tensions in Thailand will decline by the middle of next year after the country holds a general election. Meanwhile, the government aims to attract further investment from China and elsewhere with extra incentives and ...
Technology startups: high failure rate worries some investors
More than 60 percent of startups fail and 70 percent fail in the first year of operation. Rapid-fire good news has come to the Vietnamese technology startup community. US President Obama, during his visit to Vietnam in late May, announced that 500 Startups, the investment fund ...
Officials bid to increase South Korean investment
A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, on 29 June in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector. The Cambodian delegates briefed more than 80 Korean investors in attendance on ...
Proposed Taiwan megaproject in Ha Tinh needs PM approval
Taiwanese firm Wei Yu Engineering’s US$2.5-billion investment proposal in Ha Tinh Province must be approved by the Prime Minister, not the provincial government, said an official. Tran Tu Anh, director of Ha Tinh Department of Planning and Investment, told Dan Tri news website last week that ...
Chinese firm floats proposal for rail link to capital’s port
A representative of China Railway 16th Bureau Group met with Transportation Minister Sun Chanthol on 26 June to discuss a $250 million project proposal that would link the container terminal of Phnom Penh Autonomous Port to the Southern Line, a 266-kilometre rail line that stretches from ...
Laos, Cambodia to develop land links, trade and investment
Laos and Cambodia have agreed to continue to strengthen cooperation and to develop land links to enhance trade and investment between the two nations. The plans arose from a meeting between Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen when Mr Thongloun visited Cambodia ...
Tokyo stocks dive more than 8% on Brexit shock: report
Tokyo stocks went into a hair-raising dive on Brexit fears, plunging more than 8 per cent Friday (Jun 24), as major firms’ shares including Toyota and mobile carrier SoftBank went into freefall.The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped as much as ...
Incentives may come for solar power investments
The Vietnamese Government plans to develop solar power and discuss incentives to encourage solar energy projects in the country. Government to outline incentive options for PM’s consideration as interest in solar power investments continues to rise. Increasing numbers of investors are expressing an interest in solar power ...
