Economy and commerce
Govt takes step to develop Vung Ang seaport
The government has instructed relevant sectors to study the establishment of a Lao joint state-private company to join its Vietnamese counterpart to develop a seaport in Vietnam, the government spokesman has said. The instruction was made at the two-day monthly cabinet meeting for May that closed ...
Laos, Thailand boost trade, investment cooperation
High ranking Lao and Thai officials met in Vientiane on May 24 to discuss increased cooperation across different sectors in order to promote trade and investment between both nations. Laos was led by Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, while Thailand by Deputy ...
Why Vietnam is all in for TPP11
Trade ministers from the 11 remaining countries in the Trans-Pacific Partnership, after the U.S. withdrew, agreed in Hanoi on Sunday to promote the so-called TPP 11 trade liberalization deal. Vietnamese Trade and Industry Minister Tran Tuan Anh, who chaired the meeting, declared that the 11 ...
China and Myanmar to set up border economic cooperation zone
A join-committee for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and ...
MIC green-lights Nga Yoke Kaung offshore supply base
A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission, Myint & Associates Offshore Supply ...
Joint-venture granted licence to trade machine oil
Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...
Confusion over water transport service implementation arises
The government has chosen the company which will operate the water bus service on the Hlaing River and Nga Moe Yeik Creek, said Daw Nilar Kyaw, regional minister of electricity, industry and transportation, on May 22 at a regional parliamentary session. The company Tint Tint ...
Govt approves Vientiane-Vangvieng expressway corridor, legislation
The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development.The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister Thongloun Sisoulith and attended by the cabinet members. The 113.7-km corridor is part of ...
Yin Yi bags $124.5M construction contract
China’s Sino Great Wall signed a construction contract worth $124.5 million with Cambodia’s Yin Yi Venture for work on Amethyst One, an 8,100-square-metre mixed-use development located on capital’s Chroy Changvar Peninsula, Reuters news agency reported on Monday.Read more ...
North Asia Resources to turn cassava into fuel
Hong Kong-listed firm North Asia Resources Holding Ltd announced yesterday that it has purchased 14,000 hectares of an economic land concession in Pursat province from Henan Tianguan Enterprise Group for $53.2 million.Read more ...
