Economy and commerce
Investment
Investors pledge to pour cash into Tuyên Quang
A conference on investment, trade and tourism promotion held for the first time by the mountainous province of Tuyên Quang yesterday has concluded with investors’ pledging a total of over US$801 million into six large-scale projects in this province. The provincial authorities also took the ...
Banpu Power posts 100% net profit rise in 2016
Banpu Power Plc has reported its 2016 business performance, with its net profit of Bt4.13 billion, a significant increase on the Bt2.07 billion it posted in the previous year. With its strong financial status, Banpu Power has affirmed its strategic plan in operating conventional and renewable ...
Export value jumps 8.8% in January as oil prices rise
Export value in January grew by 8.8 per cent to US$17.09 billion, after higher oil prices resulted in more revenue from oil by-products, according to the Commerce Ministry. The ministry on February 27 reported that the value of January imports rose by 5.17 per cent to ...
Hong Kong firms offer expertise
Companies from Hong Kong with expertise in infrastructure development, real estate-related services and professional services are keen to form partnerships with local investors, said a trade delegation visiting Cambodia. Eric Ma Siu-cheung, secretary for development for the Hong Kong Special Administrative Region, said Cambodia was a ...
Toshiba to build power plant
The Cambodian government has awarded Japanese-owned Toshiba Plant Systems & Services Corporation the concession to construct a coal-fired power generation project in Preah Sihanouk province. Prime Minister Hun Sen, who signed the agreement on February 17, said the new power plant would address the energy deficiency ...
SMEs in crisis due to failure to get bank loans
Small and middle-sized enterprises are facing a crisis due to difficulties in sourcing financing from banks, said the founder of City Mart Group of Companies, Daw Win Win Tint, “Not getting a bank loan means a catastrophe for the SMEs,” she said after SMEs Authoritative ...
Law needed to regulate Thai investors’ abuses abroad: Thai, Myanmar groups
Community groups in Thailand and Myanmar have urged protection of human rights and prevention of environmental impacts – after Thai entrepreneurs were reported to have carried out abusive and environmentally damaging acts in neighbouring countries. Some 27 Thai non-government groups and the Dawei Development Association, a ...
APEC officials discuss possible free trade area for Asia-Pacific
Senior officials of APEC economies as well as experts and scholars have discussed the possibility of establishing a free trade area of the Asia-Pacific along with its potential impacts and difficulties facing the process. The workshop on realising FTAAP was held in Nha Trang, the south ...
‘Success story’ Thilawa SEZ set to launch its second phase
More than three years after the start of the Japan-backed Thilawa special economic zone, Myanmar launched the development of its second zone in the presence of dignitaries from both nations including Vice President Henry Van Thio. Set Aung, deputy governor of the Central Bank and ...
Fight against garbage in the ocean starts at individual level: Greenpeace
Solutions to the massive garbage “islands” floating off Thailand start at the individual level, but government policy and regulation is also needed, officials and environmentalists have said. Earlier this month, pictures of large amounts of garbage floating in the sea spread on social networks and sparked ...