Economy and commerce
Investment
Agriculture, not gold or USD, most attractive investment channel
Agriculture was never found on the list of the most attractive investment channels for those who have idle money. But things are changing as the government has committed to reserve VND50-60 trillion worth of preferential capital and promised a series of preferential policies for agricultural ...
State agencies must modernise, says BOT governor
State agencies must give importance to amending laws and regulations, including those to accommodate a sharing economy, to help businesses and people cash in on the “Thailand 4.0” era, Bank of Thailand Governor Veerathai Santipra-bhob said yesterday. At a PostToday seminar, he said Thailand today was ...
Expansion work starts at Myanmar's Thilawa industrial park
An expansion project at Myanmar’s first modern industrial park began Tuesday, as the government concluded negotiations related to resettling residents of the development area. The Thilawa special economic zone, which came about as a public-private effort between Japan and Myanmar, will undergo a roughly 100-hectare ...
Myanmar lures visa, other foreign credit card issuers
Overseas credit card companies are looking to Myanmar as the country shifts from cash to card payments. U.S.-based Visa teamed up with Myanmar’s Co-operative Bank (CB Bank) on Jan. 17 to issue credit cards with limits of between 4 million kyat and 5 million kyat($2,946 and ...
Cambodian exports to Japan soar
Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with ...
Ministry to closely monitor agri-business
The Ministry of Agriculture and Forestry will this year closely monitor domestic and foreign investment in this sector as it believes that many companies have not implemented the agreements made or complied with stipulated feasibility study methods. The ministry will strictly apply management measures to ...
Tourism potential as yet unfulfilled in Bolaven Plateau
The Bolaven Plateau in the south of Laos will be developed into the country’s top agri-business and agri-tourism destination thanks to its year round temperate climate. The Bolaven Plateau runs through Champassak province’s Pakxong district, Saravan province’s Lao-ngam, and Xekong province’s Thataeng district and boasts ...
Taking hold
On December 12 the Thai-owned Fraser and Neave completed the purchase of 5.4 per cent of the Vietnamese dairy giant Vinamilk for almost $500 million. Each of F&N’s subsidiaries – F&N Bev Manufacturing and F&N Dairy Investments – bought 2.7 per cent at the starting price ...
Double act
Vietnamese like to get together and whenever they do there is beer on the table. This may explain the interest in the equitizations of the country’s two biggest beer producers. The Saigon Beer Alcohol and Beverage Corp. (Sabeco) in the south and the Hanoi Beer Alcohol ...
Sugar giant has sweet dreams
A colossal sugar mill in Preah Vihear province will roar to life again next week, promising to devour 1 million tonnes of sugarcane in a two-month production run that is expected to yield 100,000 tonnes of refined white sugar, as well as a sizeable chunk ...