Economy and commerce
Investment
7-Eleven to invade Vietnam
Japanese retail giant Seven & i Holdings Co said it has decided to open 7-Eleven convenience stores in Vietnam, where convenience store users are expected to increase with economic growth. Keep reading ...
Megaprojects biggest risk seen
Fund managers estimate the Stock Exchange of Thailand index will hover between 1,350 and 1,559 points this year, with public investment in infrastructure projects the biggest risk factor. The big question is whether the government will be able to invest in infrastructure projects as planned, said ...
Chinese loan for Cambodia's rice sector on hold
A project to build 10 warehouses to store rice paddy using Chinese funding has hit a roadblock, as the Cambodian government has been unable to meet criteria set by the Chinese for the project, according to an official associated with the project. Keep reading ...
Vietnam Jan-July foreign investment declines 8 pct
Foreign direct investment in the first seven months declined by 8 percent year-on-year to US$8.8 billion, Vietnam’s Foreign Investment Agency has reported. Newly licensed projects were worth $6.9 billion, 1 percent up from last year. Keep reading ...
Thaicom set to seal mobile lead in Laos
Thaicom Plc’s mobile operating unit in Laos has seen its licence extended for another 25 years, six years before the expiry of the original contract. Thailand’s sole satellite service provider expects the extension granted to its joint venture company, Lao Telecom, to cement its leadership in the ...
Vietnam's economy a global bright spot in 2015
Vietnam’s economic growth has continued to firm up in 2015 with gross domestic product forecast to expand 6.3 per cent in the first half of this year, according to the World Bank’s latest Taking Stock report. The bank’s semi-annual review of Vietnam’s economic performance said the ...
Dagon City’s demise casts doubts on real estate investment in Myanmar
A government decision to ax a luxury development project and four others amid opposition from Buddhist monks has left developers wondering if their investments are safe in one of the world’s fastest-growing real-estate markets. Last month the government axed plans for the $300-million Dagon City luxury development. ...
Vietnam finally brings out the axe to deal with delayed FDI projects
Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license. The province refused to give Dewan International Vietnam more time to find money, canceling the ...
Chiang Mai gains from lure of CLMV markets
Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...
Chinese rare earth metals exchange to pay $6.4bn owed to investors
Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...