Economy and commerce
Investment
Try Pheap inks $300M seaport deal with Hong Kong company
Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on 30 May, according to Kep provincial governor Ken Sotha. “The two companies held the signing ceremony in Cambodia’s Kep province, but the international port is going to be ...
Vietnam hopes for deepened ties with Japan: PM
Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...
Vietnam's foreign investment surges to over $10 billion in Jan-May
Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...
New firm seeks to enter gold trading
Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...
Thilawa SEZ phase two nears completion
The second phase of a 2400-hectare special economic zone to the south of Yangon will be finished in July, with residential and commercial developments to follow, an official has said. Once the second phase of Zone A is finished in July, a company called Thilawa Property ...
Boten-Mohan economic zones attract billions in investment
Businesses have poured more than 100 billion yuan into the Laos-China Boten-Mohan border economic cooperation zone, lured by investment incentives offered by the governments of both sides, the latest data shows. Located at the Mohan Border Port, which is China’s gateway to Laos and provides access ...
Public had no say in Tak SEZ, NHRC finds
The National Human Rights Commission will report to the government after its investigation on 23 May into alleged human rights violations in the Tak Special Economic Development Zone. Its conclusion was that the main problem in the dispute was the lack of opportunity for public involvement in the ...
Insurance industry encouraged to make preparations for TPP, AEC
The Trans Pacific Partnership and ASEAN Economic Community are expected to offer more market opportunities for insurance companies in Viet Nam, but will also present tough challenges in a more competitive international environment. “The current Vietnamese insurance market is facing many disadvantages and hasn’t met its ...
HK Council to bring Chinese investors interested in Thai food processing
The Hong Kong Trade Development Council plans, for the first time, to bring investors from China to meet with food processing companies in Thailand to boost investment as part of the Belt and Road initiative. Raymond Yip, deputy executive director of HKTDC said it would bring ...
ICT forum eyed as FDI springboard
The government is hopeful an upcoming global forum for the information and communication technology industry will provide an avenue for foreign direct investment from global tech companies. The ITU Telecom World Forum 2016, to be held in Bangkok from Nov 14-17, will also allow the Thai ...
