Economy and commerce
Investment
"APEC VIETNAM 2017" – Fostering a shared future in a changing world
Vietnam President Trần Đại Quang wrote an article entitled “APEC Vietnam 2017 – Fostering a shared future in a changing world” just ahead of the APEC 2017 Economic Leaders’ Week, which is taking place in the central city of Đà Nẵng, Vietnam, from November 6-11 Keep ...
Tran Dai Quang
Cambodia clampdown threatens Chinese interests
[] US President Donald Trump’s government, after all, had pledged to deeply cut development aid to several developing countries, including Cambodia, even before recent political tensions mounted.But the US and EU remain Cambodia’s largest trading partners and possible economic sanctions on the Southeast Asian nation, which ...
David Hutt
Thailand’s PTTGC eyes Bt2bn-3bn plastics sales from CLMV markets
Thailand’s PTT Global Chemical aims to generate sales of baht (Bt) 2bn-3bn ($60m-90m) from neighboring countries, Cambodia, Laos, Myanmar and Vietnam (CLMV), as it makes investments to boost the region’s plastics industry, the company’s president and CEO Supattanapong Punmeechaow told ICIS. Keep reading ...
Pearl Bantillo
China’s cooling economy is a warning for ASEAN
As China heads into its Party Congress next week, concerns have been surfacing over the past few months about the state of the world’s second-largest economy, which has implications not just for Beijing but also neighboring Southeast Asian states. The recent downgrading by Standard & Poor’s (S&P) ...
Luke Hunt
Mega First unit secures RM634m loan for Laos hydro power project
Mega First Corporation Bhd has secured loan facilities totalling US$150mil or RM634.87mil to part finance the building of its Don Sahong hydropower project in Laos.It said on Tuesday its unit Mega First Investments (L) Ltd had entered into facility agreements with various financial institutions for club ...
Joseph Chin
Laos closing Bt14 bn bond deal to fund infrastructure
LAOS has issued Bt14 billion in bonds in the Thai capital market in a placement that closes today, said Adisorn Singhsacha, founder and managing director of Twin Pine Group Co Ltd, a financial adviser on the deal.The issuance, by the Lao Finance Ministry, marks the ...
Somluck Srimalee
Myanmar publishes first socio-economic report for investors
The Directorate of Investment and Company Administration (DICA) in partnership with the German Corporation for International Cooperation (GIZ) have published a detailed report entitled The Socio-Economic Atlas of Myanmar.For the first time, the report will provide official details and statistics on Myanmar’s geography, population and climate ...
Htin Lynn Aung
World Bank cuts growth forecast for Myanmar amid slowing investments
[] “Myanmar’s macroeconomic environment remains stable, though economic growth is slowing to 5.9pc in 2016-17 compared to 7pc in 2015-16, weighed down by slower investment demand,” the Washington-based lender noted.Despite notable reforms and strong foreign investment commitments, investment demand decelerated as private investors bided their time ...
Thompson Chau
Thailand warned over firms fleeing abroad
Political uncertainty over planned reforms and public infrastructure projects are perceived as the top concerns for investors considering doing business in the country, according to the World Bank’s latest Thailand economic monitor. As Thai companies spend less at home, they are shifting to invest in opportunities ...
Jesus Alcocer
Mekong Delta seeks investors for 57 projects
The Mekong Delta will introduce 57 projects requiring more than VND183 trillion (US$8.05 billion) that are awaiting investors at an investment promotion conference scheduled to take place in Can Tho City on October 25.[] 24 of these projects are for tourism development and require total ...
Trung Chanh