Economy and commerce
US to review Thai trade benefits after labour complaint
The United States will review Thailand’s eligibility for trade benefits after complaints that the country is not properly protecting workers’ rights, the US Trade Representative said. Keep reading ...
Chinese firm intends to list on Cambodia Stock Exchange in 2016
Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year. Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...
Myanmar Government seeks $500m to cover forex losses
Inflation, flood relief and the depreciation of the kyat against the US dollar have prompted parliament to consider a government request for almost US$2 billion in supplementary funding for the current fiscal year. The additional cash, however, poses significant risks of overheating the economy by ...
Cautious optimism on the economic front
The Thai economy will expand by 2.8% by year-end, and government megaprojects will accelerate higher growth rates next year, the Fiscal Policy Office said on 26 November. Keep reading ...
'Echelon Thailand' set to host Mekong region start-ups
“Echelon Thailand” will bring active start-up communities from around the Mekong region including CLMV (Cambodia, Laos, Myanmar and Vietnam) to connect with one another. The 26-27 November event organised by e27, Asia’s largest tech media platform, is expected to attract the best of the Mekong region’s ...
Thai auto production hitting 2m units in 2016
With the slowdown in domestic auto sales ebbing and strong exports, Thai automobile production is expected to reach 2 million units next year, the Federation of Thai Industries projects. Surapong Paisitpatanapong, a spokesman for the FTI’s automotive industry club, said the production in 2016 likely will grow ...
Jobs plentiful, but wages low for Cambodia's youth
While unemployment rates are low among Cambodian youths, their jobs are largely poorly paid and informal, providing them with just enough money to survive on, according to a recent report. The report, released on Sunday by youth NGO the Youth Resource Development Program and the Ministry ...
Low yields sour Savannakhet sugarcane farmers' prospects
Some individual sugarcane growers in Savannakhet province now owe the milling company as much as 174 million kip following their poor harvests, it was recently revealed. According to a workshop on reducing debt risks for farmers in Vientiane, some families in Savannakhet’s Xaybouly district are in ...
As inflation rises, Myanmar's Central Bank aims at monetary tightening
The Central Bank of Myanmar plans to tighten monetary policy to counter inflation, though at the request of banks has extended the deadline to meet a new reserve requirement ratio until January, said senior officials. Amid signs of overheating, the Central Bank has been holding deposit ...
Soaring price of onions confronts NLD with challenge of governing
As the National League for Democracy prepares to take charge of Myanmar’s economy, small businesses in Yangon are cutting costs and preparing for the worst, with food prices soaring and the kyat touching an all-time low against the dollar. Restaurant and tea-shop owners in Myanmar’s largest ...
