Trade

The ministry’s International Trade Promotion Department will allocate the largest proportion of its trade-promotion budget for ASEAN markets, focusing on Cambodia, Laos, Myanmar and Vietnam. Malee Choklumlerd, director-general of the department, said it had been allocated a budget of Bt2 billion for the upcoming fiscal year, and ...

ASEAN, now on its first year of economic unification, needs to decouple from China and become much better at telling the global community about its economic prospects, Citi’s regional fund services experts said. In the past, ASEAN had benefited from its robust trade with China, with ...

Thailand based Siam City Cement Public Company has agreed to purchase a 65% stake in cement manufacturer Holcim Vietnam HVL from French headquartered LafargeHolcim, according to an SCCC statement. HVL currently operates one integrated plant and four grinding plants with an annual cement capacity of 6.3 ...

Cambodia’s beleaguered rice sector convened an emergency meeting on August 16 to tackle falling rice exports and help rice millers currently in financial doldrums due to severe shortage of funds to buy harvested rice from farmers to be milled for export. The Kingdom’s rice exports fell by ...

The Southeast Asian economy is recovering, posting the sharpest growth in a year and a half in the April-June quarter. The real gross domestic product of five major countries in the region –  Indonesia, Thailand, Malaysia, Singapore and the Philippines – expanded 4.6% from a year earlier, surpassing the 4.4% ...

Thailand has emerged as one of Southeast Asia’s most enthusiastic investors in mutual funds as a growing middle class seeks ways to better manage its financial assets. “The Thai percentage is high, compared with the Southeast Asian average of about 10%,” said Yohei Kitano, senior analyst at ...

Of the 17 Sustainable Development Goals, the 17th is the odd one out. As “Partnerships for the Goals”, it is a goal that helps you get to the other 16 goals. For most businesses committed to sustainable development, however, this 17th goal may be the ...

Malaysia tops the list of investors in Champassak province during the last nine months of this year, which covered 37 percent of all foreign investment in the province. This was as reported by Provincial Governor Dr. Bounthong Divixay when he and Deputy Prime Minister Dr. Sonexay ...

As the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia. So the managing director of the Pacific International Lines Group ...

Indonesian Foreign Minister Retno L.P. Marsudi said the Association of Southeast Asian Nations still has much to accomplish in the future as the regional bloc celebrated its 49th anniversary on August 15. Speaking during the celebration at the offices of the ASEAN Secretariat in Jakarta, Retno said she believes ...