Economy and commerce
Trade
Profits soar at top petrochem companies
Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...
Đà Nẵng, Japan to co-operate in seafood production, sewage treatment
The central city of Da nang, in co-operation with the Japanese International Co-operation Agency, will start building a seafood value chain in the city with a fund of 60 million Japanese yen (around VNĐ11 billion or US$528,000). The city’s secretariat said the project, which will ...
Shortages push up cashew price
The price of fresh cashews has jumped by about 30 percent over the price last year due to shortages of the nut and the fact that the harvest will not get into full swing until early next month. A lack of investment in technology to ...
US grants one-year extension of GSP privileges for Thai products
Three Thai products that had been at risk of losing their preferences – video cameras, lenses for eyeglasses, and air-conditioner parts – will continue to enjoy export privileges to the US this year, as their values have not yet exceeded competitive need limitations. Duangporn Rodphaya, ...
Laos still faces chemical management issues
Laos is currently facing a variety of chemical management issues due to a shortage of a full set of regulations, adequate knowledge, the proper equipment and a satisfactory budget. At the 11th Regional Chemicals Management Forum held on February 21 in Vientiane, Deputy Director General of ...
Index plans CLMV activity to spur growth
Index Creative Village Plc, the country’s largest event organiser, plans to expand further in Indochina to cash in on opportunities arising from strong economic growth in the region. This year will see an emphasis on consumer events such as concerts, trade shows and marketing campaigns ...
Export growth goal revised up to 5% on key supports
The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector ...
Poipet SEZ to import power
A special economic zone in Poipet City has decided to import electricity from Thailand to ensure a reliable power supply as it expects the influx of more factories and investment. Poipet PPSEZ Co. Ltd. reached a memorandum of understanding with Thailand-based B.Grimm Power Public Company Limited ...
Thai firm to energise Poipet industrial park
Poipet PPSEZ Co Ltd, a wholly-owned subsidiary of Phnom Penh SEZ Plc and operator of the soon to be completed Poipet Special Economic Zone, signed a memorandum of understanding yesterday with a leading Thai energy provider to supply power to the 66-hectare industrial park. The ...
All imported raw prawns to be pulled for white spot testing; fears that prices will rise
There are fears the price of prawns is about to go “through the roof” following a decision by the Federal Government to recall all imported raw prawns. The importation of green, or uncooked, prawns into Australia was suspended in January, but prawn farmers have expressed ...
