Economy and commerce
Investment
Chinese traders prefer Hpakant over Mandalay gems market
Buyers from China have found it much easier to do business in the mines of Hpakant than in Mandalay’s Maha Aung Myay Gems Trading Centre, the city’s largest emporium which features more than 1000 shops, especially if they want to buy raw or uncut jades. “I have ...
Mekong tourism forum to promote sustainable tourism among GMS
Around 350 representatives of states, international organisations and the private sector from the Greater Mekong Sub-region, Asia Pacific and the UN World Tourism Organisation are currently attending a tourism forum in Luang Prabang province. The Mekong Tourism Forum was officially opened on June 7 by the ...
Should FIEs provide outbound tours? domestic travel firms say no
Some travel firms have expressed disappointment about the latest draft version of the amended Tourism Law, which removes the regulation on allowing foreign-invested enterprises to organize outbound tours. The current Tourism Law does not allow FIEs to provide the services. A hope arose among foreign travel ...
European Chamber chief voices scepticism against the BRI
Filip Lauwerysen, executive director of the European Chamber of Commerce Myanmar, wrote to The Myanmar Times and said that the Myanmar government and businesses should be cautious about the BRI, a scheme which he saw as a move by China to align the terms of trade and ...
FSC to investigate Korean conglomerate’s palm oil operations in Indonesia
The Forest Stewardship Council (FSC), one of the world’s most influential sustainable forestry certification bodies, has announced that it will investigate the Indonesian oil palm operations of Korean agribusiness conglomerate Korindo in response to a formal complaint submitted by environmental group Mighty Earth. The group ...
Indonesia’s plantation lobby challenges environmental law
Palm oil and paper lobby groups have asked Indonesia’s highest court to strike down rules holding plantation firms strictly liable for fires that occur on their land. The groups have also asked the Constitutional Court to eliminate a regulation letting small farmers practice slash-and-burn techniques, the ...
BoT eases up on forex regulations
The Bank of Thailand on June 5 loosened a set of foreign exchange regulations, including allowing Thais to invest directly in securities abroad at an amount of up to $1 million a year, in a fresh bid to accommodate capital outflows, curb the appreciating baht (which ...
Enterprises urged to pursue sustainable development goals
Government officials urged businesses to achieve sustainable development goals and come up with practical plans at a seminar about environmental protection held on June 5 in Vũng Tàu City. Hosted by the Ministry of Natural Resources and Environment and the Việt Nam Chamber of Commerce and ...
Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released ...
Hòa Phát to issue over 250 million shares
Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex. HPG will sell those shares at a price of VNĐ20,000 (US$0.8) per share, expecting ...
