Economy and commerce
Trade
The pivot toward closer India-Myanmar ties
India and Myanmar have gone to great lengths to paint President U Htin Kyaw’s recent four-day visit as a historic cementing of bilateral ties. The neighbouring countries’ relations, long overshadowed by China’s more aggressive overtures, have forged ahead under the National League for Democracy-led administration. U ...
Survey finds Europe firms looking more to SE Asia
European investors are increasing their exposure to Southeast Asia, reaffirming the region’s position as a bright spot in the global economy, as companies look to other markets for growth amid lingering concerns in China, according to the EU-ASEAN Business Sentiment Survey. The prospect of European ...
Vietnam urged to use more renewable energy
Viet Nam should enhance clean and renewable energy resources as well as promoting energy saving, said Le Tuan Phong, deputy director of the General Directorate of Energy under the Ministry of Industry and Trade. Statistics from the agency showed that average energy demand in Viet Nam ...
Mekong forum focused on sharing responsibility for common prosperity: expert
The Mekong Forum 2016 served to foster dialogue among partners and agencies of Greater Mekong Subregion countries to pursuing their development targets, an expert said on August 29. “These include reducing poverty and inequality, generating inclusive growth, improving capacity development, and exceeding the sustainable development ...
FDI inflow seen as driving economic development
A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said on August 31. Total capital inflow of foreign direct investment to Cambodia amounted ...
India approves CLMV fund
The government of India yesterday approved the creation of a project development fund of about $75 million to help Indian firms invest in Cambodia, Laos, Myanmar and Vietnam ‒ the so-called CLMV countries. “The project development fund will benefit India’s industrial community in terms of business ...
Yunnan: China's bridge to South and Southeast Asia
China is revisiting its periphery with a new, localized approach to regional multilateralism. China is revisiting the importance of its peripheries for engaging with its neighbors according to its ambitious economic plans. Beijing’s new approach is a top-down regulatory regionalism in exploring economic engagement with the neighborhood, particularly Southeast ...
Chin State to focus on trade, SMEs and tourism
The Chin State government will focus on developing three main areas of the local economy over the next five years – trade, small and medium enterprises, and tourism – according to the state minister for development, electricity and industry. Local officials will work with the Union ...
ASEAN trade beckons strict food safety measures
Rising income levels combined with an increase in cross-border trade in Southeast Asia has meant many countries in the region have had to begin strengthening food safety measures in order to meet growing consumer awareness. Under new food safety laws revised in July, the maximum punishment for food poisoning and ...
Vietnam seeks deepened ties with Brunei, Singapore
The upcoming State visits to Brunei and Singapore by President Tran Dai Quang aim to realise the foreign policy set forth by the 12th Party Congress and deepen relations with the two ASEAN member countries. Vietnam and Brunei established diplomatic ties on February 29, 1992. Since ...
