Economy and commerce
Investment
Laos, Cambodia eye extra flights to boost tourism
Laos and Cambodia on Monday signed a document agreeing on the need to increase flights between the two neighbours to meet the growing demand for air transport. Head of the Air Transport Division, Department of Civil Aviation, Mr Viengsay Singkham told Vientiane Times on March ...
Small Chinese wheat mills feel the pressure
Rising wheat prices in China are putting pressure on thousands of the country’s small flour mills, speeding up rationalization of the world’s biggest milling industry and boosting the market share of bigger players. Many small-scale mills have been forced to shut down or cut back operations ...
Cabinet backs credit boost for SMEs in Bt15 bn package
The cabinet on March 21 gave the nod to the Small and Medium Enterprise Development Bank of Thailand to extend up to Bt15 billion in loans to small and medium-sized enterprises. The cabinet also approved plans for a major industrial estate development project in Sa Kaeo. “About ...
Alternative to TPP shows no sign of activity: analysts
While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership, which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing a ...
Links missing in planned safe food chains
Hà Nội plans to build 100 safe food chains this year to ensure supplies of safe vegetables and meat for the capital and reach annual targets on food hygiene. Planners believe the targets can be achieved by clearly identifying the origin of products and placing more ...
Govt seeks to regulate enterprises unlawfully raising capital
Proper investigation has been ordered into enterprises whose operations violate regulations and laws, notably those raising funds illegally from individuals for business operations, the government spokesman has said. The instruction was made at the government monthly meeting for March, which took place last week in ...
Transparency or risk fine, warning for online sellers
Online traders must display prices and details of products and services or risk being fined, the government has warned. Nuntawan Sakuntanaga, director-general of the Internal Trade Department, said the Royal Gazette recently published the announcement of the central commission on prices of goods and services signed ...
Sahapat boosts logistics facilities
Consumer – goods distributor Sahapat will invest around Bt650 million to set up a new central warehouse and data centre as it targets revenue of Bt33 billion this year. The company says it will also come out with new products. Boonchai Chokwatana, chairman of Saha ...
New crisis seen as unlikely, economists say, but caution urged
Economists have urged caution while watching for a continuing recovery, recalling the adage about the frog that died by failing to notice that the pot of water it was sitting in was slowly coming to a boil. “It is almost a consensus among economists that the ...
Myanmar braces for 30% drop in foreign investment
Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion ...
