Industries
Massive $23.2B project gets ‘green light’
Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. The massive project ...
Chinese president to touch down in Cambodia as nations consolidate ties
Cambodia is edging increasingly close to China, as the superpower lavishes aid on the ASEAN nation that has proved a robust ally in the South China Sea dispute. Chinese President Xi Jinping will arrive in Cambodia tomorrow for a two-day official visit, consolidating a far-reaching relationship ...
Paddy farmers risk losses as prices fall
Paddy prices in the capital are falling on weak demand and the drop risks damaging the market, farmers and traders said. The market price for 100 baskets of stored manaw thukha paddy in Nay Pyi Taw was almost K850,000 in September, but has since fallen to ...
Govt gives green light to Vientiane province cement production
The government has agreed to allow Vientiane Hongshi Saythirath Cement Co., Ltd to excavate lime and construct a cement factory in Vientiane province after the developer completed feasibility studies. The agreement was signed in Vientiane on October 12 on behalf of the government by Deputy Minister of ...
Kayah residents protest planned Pwunchaung dam
About 500 residents of Bawlakhe township, Kayah State, on October 11 protested plans to build a dam on Pwunchaung Stream, as water and soil examination continues. Transparency and environmental impact are the major concerns for the protestors, who already sent letters to the president and state ...
Formosa Plastics taps India, Southeast Asia for growth
Taiwan’s Formosa Plastics, the island’s largest maker of key plastic materials, on Tuesday said it wanted to aggressively expand in India, Southeast Asia, Middle East, and Africa to lower its dependence on China, which has been mired in a prolonged supply glut. “We are aiming to ...
Ministry skips meeting on rice-pledging crackdown
The initial meeting of state agencies intended to expedite cases related to the previous government’s rice-pledging scheme failed to proceed on October 10 after Finance Ministry staff did not show up. Justice Minister Paiboon Koomchaya, who was to chair the meeting, said he did not know why ...
Textile & garment companies still attract foreign investors
Though growth in investment in the textile & garment sector has slowed down, it is still attractive in foreign investors’ eyes. The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign ...
Tourism sector ‘needs 200K new workers’
A Ministry of Tourism official announced on October 11 that the country would need an additional 200,000 trained tourism professionals if it was to fulfil its target of receiving 7 million international tourists a year by 2020. Try Chhiv, deputy director-general of the Ministry of Tourism, said ...
Industrial sector says policy details are needed to ensure economic zones grow
Poor infrastructure, low-quality or unreliable electricity supply, water shortages, inadequate transportation links, and ongoing disagreements with local residents affected by zone development are among the most serious problems developing the country’s industrial sector, experts say. But perhaps the biggest problem, they say, is the lack ...
