Economy and commerce
Mining slump, improper planning blamed for budget tensions
The enormous drop in revenue generated from mining coupled with improper budget planning has been the main cause of the budget tensions Laos has faced over the past few years, Deputy Prime Minister SomdyDouangdy told parliament recently. MrSomdy, who is also Minister of Finance, said revenue ...
ICT forum eyed as FDI springboard
The government is hopeful an upcoming global forum for the information and communication technology industry will provide an avenue for foreign direct investment from global tech companies. The ITU Telecom World Forum 2016, to be held in Bangkok from Nov 14-17, will also allow the Thai ...
Deal to develop QSNCC reached
The Treasury Department has come to an agreement with liquor tycoon Charoen Sirivadhanabhakdi, the owner of N.C.C. Management & Development Co, for the second phase of the upgrade of Queen Sirikit National Convention Center. All issues including investment size, the concession period and the overall trajectory ...
Vietnamese tycoons compete with big foreign companies
In many ‘duels’, it is not the foreign giants with powerful financial capability and experience, but rather the Vietnamese conglomerates who are the winners. With a deal worth VND1.4 trillion, Anco has become the strategic shareholder of Vissan, the move that allows it to officially join the ...
Fishery groups step up bid to avoid EU action
Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the chamber was gravely concerned about the IUU issue and had tried its best to promote cooperation with private counterparts in the fishing industry to create a traceability system for products. Mr Poj insisted that, whatever ...
Laos prepares for timber trade agreement with EU
The Technical Working Group of the Lao Forest Law Enforcement, Governance and Trade (FLEGT) process has elaborated a first draft Timber Legality Definition in preparation for the first face-to-face FLEGT/Voluntary Partnership Agreement (VPA) negotiations between Laos and the European Union. The two-day workshop brought together 50 ...
Laos parliament approves development plans
The inaugural session of the National Assembly’s 8th Legislature ended on 22 April with the approval of the 8th five-year National Social Economic Development Plan for 2016-2020, the 10-year Strategy for 2016-2025, and the 15-year Vision for 2016-2030. The three-day session elected Mr Bounnhang Vorachit as President ...
Port cargo traffic rises on swelling economy
“The significant growth is related to our strong economy, which is driving an increase in import and export activity,” said SAP director-general Lou Kim Chhun. The port in Cambodia’s Preah Sihanouk province received approximately 95,000 20-foot equivalent unit containers during the first quarter of 2016, ...
Laos enjoys political stability, strong economic growth, parliament told
Mr. Thongsing was summarising the government’s performance under his leadership over the past five years from 2011-2015 at the inaugural session of the NA’s 8th Legislature, which opened on 20 April. He told the session that the government had placed great importance on the development of ...
Myanmar's new FM to clarify foreign policy
According to deputy director-general of the Political Department of the Foreign Ministry U Ko Ko Shein, Myanmar government’s foreign policy is oriented to the protection of national interests, security, economic development, justice, stability and environmental sustainability. Keep reading ...
