Economy and commerce
Investment
South Korean company to invest in resort complex project
A company from the Republic of Korea (ROK) is intending to carry out a Lao Resort Complex Project in Phonhong district, Vientiane province, one of the mega projects to be developed in Laos. If the project is approved by the Lao government, the total value of ...
French bank set to enter Cambodia
French bank BRED Banque Populaire – part of the second-largest banking group in France – will start commercial operations in Cambodia later this year, marking the first foray for a European bank in the Kingdom since the late 1990s, sources in the banking sector said ...
Thai BJC to seek $6.2 bln loan for Big C purchase; shares drop
Thailand’s Berli Jucker PCL (BJC) said it would seek a short term loan and may consider an equity issue to fund a planned $6.2 billion acquisition of hypermarket operator Big C Supercenter PCL , sending its shares down 5 percent. Berli, controlled by Thai tycoon Charoen ...
ASEAN currencies prove they're not as vulnerable as you think
Typically regarded as the more vulnerable currencies in Asia to external shocks, the ringgit, baht, and rupiah are proving the most resilient on their relatively lower exposure to China and a dovish Federal Reserve. The Malaysian, Thai and Indonesian exchange rates are the top three performers ...
Domestic retailers urged for better links
Vietnamese domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said. According to Phu, Vietnamese retailers are vulnerable to integration because of their ...
Mid-term public investment need estimated at almost $495m
Vietnam’s Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment. Under the plan, total public investment need for the period is estimated at nearly VND11 trillion (US$495 million), equal to ...
Thai FDI soaring in nearby lands
Thailand’s outward foreign direct investment (FDI) is flourishing as investors large and small rev up international expansion in line with the government’s commitment to supporting such investment and helping companies secure cheaper raw materials. Keep reading ...
CDC says investments up by 18 pct in 2015
Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced on 3 February. Keep reading ...
Vietnam targets high growth to 2020
Vietnam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress. The Resolution, approved and made public at the ...
More inflows to Thai capital market expected: TMB
The Thai stock and bond markets are expected to witness new investment inflows in the short term following the Bank of Japan’s decisions on 29 January, said TMB research. “Expectations run high that other central banks in Asia including the People Bank of China and Bank ...