Economy and commerce
Investment
Mooted Yangon expansion plans revived
Yangon Region Chief Minister U Phyo Min Thein said that the regional government will launch the Yangon New City project in Kyeemyindaing township, but firms involved in the Yangon Southwest New City were not informed about the new plan. A similar plan was initiated by the ...
US$1 billion in fresh investments pledged in Nghe An
Nghe An authorities presented eight investment certificates and signed 15 memorandums on investment with total capital pledges of US$1 billion at a meeting with investors in the north-central province on February 19. This annual event was held by Nghe An in coordination with the Bank ...
Exports prioritised to meet trade target
According to official figures from the Ministry of Commerce, trade volume reached US$23 billion until the end of January in this fiscal year. The ministry has set the target trade volume to be $31 billion, therefore the ministry will continue trying to achieve its target ...
Hitachi sets up elevator engineer training hub in Chon Buri
Hitachi Ltd and Hitachi Building Systems Company on February 22 announced the official launch of the Asia Training Centre in Chon Buri province for engineers involved in the elevator and escalator business. The training centre, which is Hitachi’s first outside Japan, started soft operations last month, ...
PTT to sell businesses under revamp
Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...
No plans to suspend Criminal Act 144 in Minbu oil refineries
The imposition of Criminal Act 144 in Minbu district, Minbu township Mann oil refinery and oil refineries from Tauksharpin-Kanniyay, Magwe Region will not be suspended pending the enactment of other laws to safeguard the areas, said Deputy Minister for Home Affairs Major General Aung Soe. ...
Breweries shut down for flouting guidelines
Two breweries in the Mandalay industrial zone were temporarily shut down after they were found to have exceeded the specified wastewater disposal rate, said U Thant Zin Tun, assistant director of the Mandalay regional environmental conservation department. There are four breweries in the industrial zone, ...
Tax exemption offered to SMEs
A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. According to a sub-decree published on February 22, the decision to offer a tax exemption for SMEs that are ...
Border SEZ bid conditions softened
The Treasury Department has set lenient conditions for the coming bidding to develop state lands in Mukdahan and Nong Khai provinces into special economic zones to draw bidders. The relaxed conditions include land development experience in wider fields, an extension of development proposal submissions, change ...
US grants one-year extension of GSP privileges for Thai products
Three Thai products that had been at risk of losing their preferences – video cameras, lenses for eyeglasses, and air-conditioner parts – will continue to enjoy export privileges to the US this year, as their values have not yet exceeded competitive need limitations. Duangporn Rodphaya, ...