Economy and commerce
Attapeu airport potential examined during PM's visit
Attapeu International Airport may become more widely used in order to boost air transportation within Laos and the region. Prime Minister Thongloun Sisoulith visited Attapeu province on October 15-16 for a working visit to discuss the future of the airport with provincial authorities after it opened for ...
How to arrange VND230 trillion to build north-south highway
The Ministry of Transport has said that the north-south highway requires lower costs compared with other projects, but the Ministry of Finance says the required investment is high compared with the long-term public investment plan. MOT has submitted to the government a project on building a ...
Russia, Belarus prepare to establish auto joint ventures in Vietnam
A couple of Russian and Belarusian companies are preparing to set up auto joint ventures in Vietnam to benefit from two protocols between Vietnam and the two nations on production of vehicles here in the country. The two protocols were signed within the framework of the ...
Production slowing at Wa Tin mine
Output from a mysterious Myanma tin mine that has disrupted the global market in the metal is falling sharply and deposits could be depleted in “two to three years,” senior mine officials told Reuters. A surprise discovery of large quantities of tin has propelled the formerly ...
Meteorologist advises smaller alternatives to Myitsone megadam
The former director general of the meteorology and hydrology department has proposed an alternative solution to the problem of the stalled Myitsone hydropower dam. Instead of building one destructive and publically reviled mega dam, why not build four smaller hydropower projects instead, he suggested on ...
Export optimism varies according to sector
Despite signs of a recovery in the export sector, Thai manufacturers and exporters have been encouraged to focus more on product development, brand recognition, and adding value to enhance competitiveness in global markets. For the rest of this year, exporters expect exchange-rate fluctuations will still ...
Is the Belt and Road Initiative globalizing China’s national security policy?
Chinese security policy experts use potential threats to BRI projects to highlight the necessity of a globalized security posture. The suicide bomb attack on the Chinese embassy in Kyrgyzstan in August 2016 highlighted China’s rising external vulnerability in a region at the heart of its signature ...
Domestic energy boost reduces reliance on imports
Cambodia’s domestic electricity production grew significantly in 2015, helping to reduce the Kingdom’s reliance on imported energy, the national electricity regulator said in its newly released annual report. According to the Electricity Authority of Cambodia, the Kingdom’s energy generation increased by 46.79 percent in 2015 compared ...
Revenue shortfall drives budget deficit abnormally high
Revenue collection for this fiscal year reached only 95 percent of the annual plan, driving the budget deficit to 6.9 percent of gross domestic product, higher than the maximum of five percent usually adopted by the government. Economists have warned that such high deficits will increase ...
Royalties to include rentals under new Thailand-Singapore double tax rules
The New Double Tax Agreement between Thailand and Singapore becomes effective on January 1, 2017. If a Thai resident company has an outstanding rental payable to a Singaporean resident company, they should consider settling the debt before the end of 2016 in order to utilise ...
