Economy and commerce
Investment
Peach to debut Bangkok route
Peach Aviation, the Japanese no-frills carrier, will launch the first non-stop air link between Bangkok and Okinawa in February. The route, which was first mulled by the airline back in 2013, is set to become reality with its maiden flight from the southern Japanese island ...
Multi-million dollar project could spoil historic Hoi An town
The implementation of a series of projects on the beach dunes near Hoi An will create challenges for Hoi An in its path for sustainable development. In March 2008, after getting the nod from the Quang Nam provincial People’s Committee, Gami Hoi An JSC started ...
Tourism investment up despite drop in visitors
The number of foreign travelers visiting in Myanmar is down on 2015, but foreign investment in the tourist sector shows a 15 percent increase, according to data from the Ministry of Hotels and Tourism. Although officials caution that investment decisions should be based on the ...
PM supports chamber for highest business role
Prime Minister Thongloun Sisoulith has expressed his full support for the Lao National Chamber of Commerce and Industry to serve as the highest body in the mobilisation of potential for the country’s development. The PM offered his support in response to the proposal of the ...
Thailand attempts to revive weakening economy
Thailand’s government plans to allocate an additional $5.3 billion this fiscal year to investment projects in provincial areas, in what appears to be a major effort to appeal to the rural population and kickstart economic growth after several years of stagnation. High household debt, dropping ...
PTT to run retail at Udon Thani airport
SET-listed PTT Plc, the national oil and gas conglomerate, is branching out into property management, according to a key company official. The move is part of a plan to diversify into other sectors at a time when global oil prices remain weak, said Auttapol Rerkpiboon, ...
Minebea opens third plant
Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone on December 8 to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at ...
Japanese get 3-Year visas
The government decided on December 8 to offer a three-year, multiple-entry visa for Japanese nationals to facilitate and attract more investment and tourists. The decision was made by Prime Minister Hun Sen during the 5th year anniversary of Minibea, a Japanese motor assembly plant at Phnom ...
Affordable housing projects affected as funds dry up
In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar ...
Chinese firm mulls energy sector prospects
A leading Chinese manufacturer of power transmission and distribution equipment recently visited Cambodia to explore opportunities in the Kingdom’s rapidly growing energy sector, including a proposal for a factory to produce equipment for the electricity sector. The Ministry of Mines and Energy met representatives of ...