Economy and commerce
Investment
Singapore, Malaysia among biggest investors in Vietnam: report
Eight out of 10 member states of ASEAN have made investments in Vietnam with a total pledge of $56.32 billion for 2,681 projects, the Foreign Investment Agency recently reported. The cumulative investment figure was recorded at the end of September and was up 8.6 percent from ...
Thailand must do more for investors, says Citi chief
While political and policy risks have been among the biggest concerns for foreign investors in recent years, other issues such as bureaucracy, legal enforcement and business restrictions perhaps weigh even more heavily on Thailand’s competitiveness. Darren Buckley, country head of Citi Thailand and president of the American Chamber of ...
Thai franchises in line for tax perks
The government is considering privilege packages for Thai franchises in a bid to promote them in the world market. Deputy Commerce Minister Suvit Maesincee, who presided over the opening of the “Excellent Thai Franchise” event on 21 October, said the franchise business still had a lot of ...
Xayaboury province bans further investment in banana farms
Xayaboury province will impose restrictions on banana farms following reports which suggested that farms in several provinces had used harmful chemicals which leaked into the soil and threatened local livelihoods. Governor of the northwestern province, Mr Phongsavanh Sitthavong, recently informed the media that Xayaboury would allow ...
China aims to develop border area with Laos
China has announced that it will invest US$31.4 billion in the Mengla economic zone in Yunnan province of the country, which shares a border with Lunag Namtha and Phongsaly provinces in northern Laos. The investment will cover more than 240 projects in such fields as transportation, ...
ASEAN’s winners and losers under TPP
Earlier this month, 12 countries in the Asia Pacific region signed the Trans-Pacific Partnership (TPP) which ranks as the biggest trade agreement in history – signatory countries account for 40% of total global output. While the treaty still must be ratified by each and every party to it, ...
Migrant workers fear impact of Mae Sot economic zone
The development by the Thai government of a special economic zone at Mae Sot, which is intended to improve trade and communications between Thailand and Myanmar, could have devastating consequences for local inhabitants. Keep reading ...
China eyes $31bn of investments in Laos border economic zone
China is eyeing total investment of more than 200 billion yuan ($31.45 billion) in 240 projects in a pilot economic zone on the border with Laos, the government of the southwestern province of Yunnan said late on 19 October. Poor and remote, Laos has traditionally been ...
Savan Vegas casino hotel in Laos up for sale
Savan Vegas Hotel and Entertainment Complex, a casino hotel in Laos, is being offered for sale via a competitive bid process, according to a press release dated 19 October. Keep reading ...
Canada voices interest in rail project bids
Canada has expressed interest in investing in rail systems, both in Bangkok and upcountry. This makes Canada the latest country to be drawn to the country’s infrastructure development projects. Keep reading ...