Economy and commerce
Trade
Warning on Vietnamese pork
The public has been warned not to eat pork from Vietnam after an outbreak of a serious disease in pig farms across the border. The Agriculture Ministry’s department of animal health and production is enforcing additional precautionary measures to ensure contaminated pork from Vietnam does ...
Myanmar braces for 30% drop in foreign investment
Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion ...
Industry development level low
Nguyen Chi Sang, director general of the National Research Institute of Mechanical Engineering, speaks to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the need for workable policies. How do you assess our industrial development, particularly in engineering? Looking back at the development ...
Problem of producing cheap biofuel from cassava solved
The state’s research agency and energy policymakers have finally discovered a way to produce biofuel from cassava at a competitive cost, says a senior Energy Ministry official. Previously the use of cassava in ethanol production was not viable despite the abundance of the shrub, because ...
SteelAsia offers to revive defunct National Steel
To ride the infrastructure boom, SteelAsia Manufacturing Corporation has offered to acquire the mothballed National Steel Corporation in Iligan city. SteelAsia is the largest reinforced steel bar maker in Southeast Asia, while NSC was once the largest steel mill in Asia until it failed to ...
Denmark prohibits companies from selling Myanmar teak on European Union markets
Denmark last week placed an injunction on all Danish companies that prohibits them from selling teak imported from Myanmar on European markets. The ruling comes after evidence that Danish timber company Keflico had violated the European Union Timber Regulation was brought to light by the ...
Energizing EU-ASEAN trade
EU Trade Commissioner Cecilia Malmström visited Manila recently to discuss trade with ASEAN Economic Ministers. The summit was a milestone in itself as the Ministers discussed the next steps toward the resumption of the ASEAN-EU Free Trade Agreement negotiations as well as ways to enhance ...
Government help needed to improve SME market access
KT: How does FASMEC plan to help promote SMEs? Taing Por: In order to liaise with SMEs, FASMEC will open branches in 25 provinces nationwide in May. This will enable investors to be matched with provincial business partners. We will be focusing on SMEs in the ...
What Thailand can learn from Mexico on energy reform
As has been done for almost 80 years, Mexico last Saturday commemorated the so-called “Oil Expropriation Day”, a national holiday marking the nationalisation of the Mexican oil industry by the government of President Lazaro Cardenas in 1938. But this year’s celebration was particularly at odds with ...
Poor crop hurts cashew farmers
Many farmers in the southern provinces of Bình Thuận, Bình Phước and Bà Rịa – Vũng Tàu have been encountering difficulties due to a poor cashew crop caused by bad weather and plant diseases. Nguyễn Đình Chương, a farmer who has four hectares of cashew ...
