Economy and commerce
Investment
Post-election, kyat resumes its weakening trend
The kyat weakened against the US dollar this week as the greenback strengthened in international markets and business resumed in Myanmar following the 8 November election. Fears the election could spur currency volatility have not materialised, indicating a certain level of confidence in political developments and ...
Thai-owned BAAC launches B42bn scheme to assist farmers
Thailand’s state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has launched three financial support programmes to help shore up paddy prices during the 2015-2016 harvest season. Keep reading ...
WHA eyes expansion into ASEAN, Myanmar
Stock Exchange of Thailand-listed WHA Corporation will set up fully integrated models in its four core businesses to meet expanding investment in ASEAN, though Myanmar investment will depend on the final election result. The company has restructured its operation over the past year to increase its ...
Warning for Thailand's ailing enterprises
The State Enterprises Policy Commission or superboard yesterday gave a mandate for seven loss-ridden state enterprises including embattled Thai Airways International (THAI) to launch rehabilitation plans next month. The superboard, which met on 9 November and was chaired by Prime Minister Prayut Chan-o-cha, will hold executives, management teams and ...
Vietnam growth surge masks weak local firms in 2-speed economy
Vietnam’s export-driven economy is set to grow at its fastest pace in eight years in 2015 and it’s foreign firms in the country that are riding the wave, leaving local companies lagging far behind. Foreign-owned businesses shipped 70 percent of Vietnam’s total exports so far this ...
No slowdown in foreign investment, says MIC secretary
The task of securing US$6 billion in foreign direct investment (FDI) during an election year initially seemed daunting, according to Myanmar Investment Commission secretary U Aung Naing Oo. Yet the anticipated slowdown in investment has not materialised. Instead, over the past few months his Yankin office ...
Thai consumer confidence Index hits 10-month high
The University of the Thai Chamber of Commerce has revealed a 10-month high in the country’s consumer confidence, as a result of the government’s economic stimulus measures. Director of the UTCC Center for Economic and Business Forecasting Thanawat Polwichai said the consumer confidence index for October ...
While China growth slows, cash-hungry firms steer Asia IPOs into fast lane
As the world absorbs life with a slowing Chinese economy, business is brisk for one group – Asia’s bankers, handling a burst of stock listings by mainland firms that need funds now and are resigned to their shares being worth less than before. Though initial public ...
Charoen eyes $4bn buy of Vietnam's biggest company
Shares in Vinamilk, Vietnam’s largest listed company, hit an all-time high on Tuesday after local media said a drinks-maker controlled by Thailand’s second-richest man plans to buy out the state’s 45% stake. Keep reading ...
Vietnam opens airport investment
Vietnam’s government will allow private and foreign investors to provide services at Vietnamese airports for the first time this December. Thanh Nien News reported that new legislation, which will take effect 12 December, will allow private investors to purchase rights to manage airports and provide some ...
