Economy and commerce
Trade
Dry port sets hopes on Belt and Road
The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper Myanmar).“It is a two-year project under UNESCAP agreement between governments,” he said. UNESCAP ...
VN eyes export boost through Chinese border
Việt Nam should implement polices to increase its export volume through its border gates with China by taking advantage of the Việt Nam-China Border Trade Agreement, experts said.The agreement has created favourable conditions for Việt Nam’s border provinces to change reasonably their economic structure, experts ...
China eases restrictions for investment in free-trade zones
China has removed 27 restrictions in its new list of negatives for foreign investment in its free-trade zones, according to a cabinet notice issued on Friday.Chinese leaders have pledged to open the world’s second-largest economy wider to foreign investors, but a negative list is in ...
Supporting SMEs, manufacturing locally and operating in underdeveloped areas criteria for FDI approval, official says
A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or ...
Yunnan pushing trade, investment between Laos, China
Trade value between Laos and China’s south-western Yunnan province has reached US$1.37 billion, making up 40 percent of the total trade between the two nations.Speaking at the opening ceremony of the 2017 South and Southeast Asia Commodities Expo and Investment Fair (SSAECIF) on Monday, Deputy ...
Globalisation provides opportunities and challenges
Globalisation is offering both opportunities and challenges for nations since the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.This was the theme of Prime Minister Thongloun Sisoulith’s statement which he delivered at the 23rd International Conference on the ...
Thailand eyes OBOR for Eurasian market
Thailand hopes that China’s “One Belt, One Road” initiative would boost trade and investments as well as increase the number of tourists visiting Thailand from Eurasian countries, including Kazakhstan which is hosting the Astana Expo 2017. Nat Pinyowattanacheep, Thailand’s ambassador to Kazakhstan, said that although ...
Free pass to Thailand gets political in Poipet town
Local authorities in Poipet are grappling with a dilemma of their own making after the ruling party for months footed the bill to make day passes to enter Thailand free for Cambodian vendors – a populist move now complicated by the CPP’s apparent electoral loss ...
SCG enters business start-up sphere
Yuttana Jiamtragan, vice president for corporate administration, said SCG’s corporate venture capital arm, AddVentures, would enable the conglomerate to diversify and strengthen its innovation portfolio through investment in and collaboration with regional and global start-ups, allowing SCG to improve its competitiveness in the digital age. ...
Not all paths to growth the same
Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...