Economy and commerce
Laos banks on road link with China
With its fast-growing economy, landlocked Laos is turning a once disadvantageous position into an important land transport link for ASEAN regional connectivity with southern China’s Yunnan province. The 114-kilometre Hongsa-Chiang Man Road, which will be a shortcut to Laos’ northern Luang Prabang province, will link Thailand, ...
3.5km high-speed train construction to please leaders
A Thai-Chinese high-speed train scheme has entered a strange phase where officials of the two countries agreed on 16 June to kick-start the construction of a short section, although they have not settled on the overall project. “We will build the short section in line with the ...
PM urges Hanoi to remove barriers for stronger development
Hanoi should take strong measures to remove barriers which inhibit the city from developing and integrating, stressed Prime Minister Nguyen Xuan Phuc. Talking to the press, the government leader highlighted huge potential, advantages and opportunities for Hanoi to turn it into a green modern city with ...
First shipment of Australian cattle arrives in Sihanoukville
A ship carrying 2,766 head of Australian cattle dropped anchor off the coast of Sihanoukville on Thursday night and will this morning offload the first delivery of beef cows from the Pacific nation since Phnom Penh and Canberra finalized health protocols two years ago, the ...
Giant projects to kick off in Thu Thiem
Since Thu Thiem development scheme was released, investors have flocked to this region. Many billion USD estate projects have been proposed. In mid-May 2016, a group of American companies proposed a $4 billion project in Thu Thiem in Ho Chi Minh City. The investors consist of ...
Rangoon division parliament demands crackdown on drugs
On 14 June, more than a dozen National League for Democracy lawmakers in the Rangoon Division parliament demanded that authorities crack down on big-time drug dealers and smugglers in the city, who keep evading arrest, citing the worsening effect of drugs on Rangoon’s youth. “One of ...
Giant coal plant taking shape in Sihanoukville
Nearly half of a massive 700-megawatt coal-fired power plant with the $383 million joint venture project that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry ...
B Grimm sets Bt24 bn to replace power plants in 2 industrial estates
B GRIMM, one of Thailand’s oldest business conglomerates, on 13 June announced its plan to spend Bt24 billion to replace its power plants in two industrial estates, Amata Nakorn Industrial Estate and Laem Chabang Industrial Estate in Chon Buri. The investment plan was set up after ...
Slow pace of China’s transition adds to Asian export woes
China’s economic rebalancing is likely to take longer than previously expected, leaving Asian exports. Speaking on 14 June at a KBank seminar for customers on the outlook for the economy, interest rates and foreign-exchange rates, Pareena Phuangsiri, senior specialist at the division, said that while Beijing’s attempt ...
JOGMEC to explore for gold in Ratanakkiri
Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release on 14 June.Keep reading ...
