Industries
Mid-term public investment need estimated at almost $495m
Vietnam’s Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment. Under the plan, total public investment need for the period is estimated at nearly VND11 trillion (US$495 million), equal to ...
Da Nang targets 12 percent rise in industrial production value
The central city of Da Nang has set targets of raising its industrial production value by 11-12 percent and the city’s industrial production index by 10.8 percent in 2016. The city’s total retail sales and services are also projected to increase by 16-17 percent, and export ...
Indonesia, Malaysia and Thailand to cut rubber exports
The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...
Provide communities with more tourism benefit: Thai PM
Thai Prime Minister General Prayut Chanocha is pushing community tourism as part of long-term development plan to funnel more money to local communities. Keep reading ...
Vietnamese PM issues decree on nutrients newly required in food
Vietnam’s Prime Minister Nguyen Tan Dung has approved a decree to introduce iodine, iron, zinc and vitamin A as compulsory elements that need to be contained in Vietnamese food. Decree 09/2016/ND-CP on food fortification released last week and to take effect from 15 March this year ...
NagaCorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...
Rice, garment sectors push exports into record territory
Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...
Labour unrest continues
An ongoing labour dispute turned violent on 1 February after striking garment workers in Kandal province said they were attacked by security guards, while in a separate case involving labour-related violence, a prominent union leader was summonsed for questioning over a scuffle he has publicly accused ...
Myanmar allows 40 percent foreign ownership in condominiums
Myanmar’s Union Parliament approved on 22 January the draft Condominium Law to allow 40-per-cent foreign ownership. Under the law, foreigners can buy up to 40 per cent of condominium units. Keep reading ...
Tourist park venture in Vientiane
Vientiane Planning and Investment Department signed an agreement, last week, with two private companies to develop the Nong-Or zone in Sikhottabong district, Vientiane, into a tourist site. Vientiane Times reported that the Vientiane Planning and Investment Department concluded a Memorandum of Understanding for the project on ...
