Economy and commerce
Investment
BoI eyes Bt1.5 tn in actual investments
The board of investment is conservatively forecasting that the total value of actual investments under its tax-incentive support will reach at least Bt1 trillion during the three years to 2019, but secretary-general Hirunya Suchinai said on May 9 that the board was confident of hitting Bt1.5 ...
PTTEP freezes new investment in Indonesia
PTT Exploration and Production, Thailand’s state-owned oil and gas company, said on Tuesday that it will halt all new investments in Indonesia until a dispute with the government there over an oil spill in 2009 is settled. “As of today, PTTEP made the decision to suspend ...
Laos, Malaysia strengthen ties
Prime Minister Thongloun Sisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is Mr Thongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims ...
Kerry Worldbridge SEZ opens its doors
Kerry Worldbridge Logistics’ special economic zone began operating yesterday, with promises of boosting the high-end technology industry. The zone, a joint venture between Hong Kong-listed Kerry Logistic Network Ltd and Worldbridge International, said the SEZ will be a hub for foreign manufacturing firms. Sear Rithy, president ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
South Koreans eye farm sector
Cambodian agriculture has huge untapped potential for South Korean investors, according to the secretary-general of the ASEAN-Korean Centre. Kim Young-sun led nine leading Korean companies specialising in agriculture at a seminar organised jointly with the Council for the Development of Cambodia. On Monday, the group ...
Embassy ducks forestry dispute
The South Korean Embassy on May 9 declined to get involved in a dispute between a group of residents and a company which wants to clear forest near their homes. Activists from Prey Lang Community Network went to the embassy at Koh Pich to deliver a petition ...
SCG to use clean coal tech for Mon State plant
Thailand cement company, Siam Cement Group wants to continue using coal for its cement factory in Kyaikmaraw township, Mon State and has given its assurance that the coal plant will use clean coal technology so as not to affect the environment. Mawlamyine Cement Limited managing ...
Big retailers, manufacturers to clear up price hikes
The Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding ...
Pre-listing firm investments promise large gains
Recent returns have shown that investments in pre-listing companies promise big gains for investors who make bets on the firms with impressive business results and clear listing plans. Speculations in recent listings such as budget airline Vietjet and real estate developer Novaland Investment Group have ...
