News
US companies bullish on ASEAN business outlook, survey finds
American companies based in the region remain generally optimistic about business prospects for the 10 markets of ASEAN. The findings came in the annual ASEAN Business Outlook Survey by the United States Chamber of Commerce and the American Chamber of Commerce Singapore (AmCham). Keep reading ...
Vietnam index posts biggest single-day jump in 15 months
Vietnam’s benchmark VN Index ended up 3 percent on 26 August, its biggest jump in 15 months, after the government reassured it will maintain the country’s economic growth target and keep the dollar/dong rate stable until the year-end. Keep reading ...
Foreign arrivals to Vietnam up 12 pct in August
Vietnam is expected to welcome 664, 985 person-times of international visitors in August, up 12 percent compared to July and up 7.5 percent year-on-year, said the Vietnam National Administration of Tourism (VNAT) on 26 August. Keep reading ...
Big plans brewing for Myanmar beer
Myanmar’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead, the company announced on 26 August. Following a recent partnership with Japan’s Kirin Holdings, the company’s chairman Nay Win said the new joint venture will try ...
Rohingya IDPs detained in Yangon: Police
Police in Yangon Division’s Hmawbi Township have detained 10 Rohingya Muslims and the driver of the vehicle in which they were found riding, according to local law enforcement. A police officer in Hmawbi Township told The Irrawaddy that local authorities were holding the internal migrants, but he ...
Thai stocks bounce back
Thai stocks have rebounded on the back of the country’s strong economic fundamentals after a steep drop of 64 points to an 18-month low on 24 August, Finance Minister Apisak Tantivorawong said on 25 August.The Thai bourse joined several other Asian and European markets in the ...
Thailand preparing students for the new business environment
Thailand has been transitioning to a service-based economy, which accounts for just over half of GDP, and universities are being urged to enhance the capacity of new graduates to meet changing market demand. Bangkok University has noted this changing trend and is grooming students to serve ...
State Bank of Vietnam assures no further dong/dollar exchange rate changes
The State Bank of Vietnam (SBV) will not make any further adjustment to the Vietnam Dong/US Dollar exchange rate this year, SBV Deputy Governor Nguyen Thi Hong said in a press release issued late on 24 August. Keep reading ...
Sumprabum IDPs miss out on state government aid
The Kachin State government has ruled out providing aid to most people displaced by fighting in Sumprabum township because they have fled to areas close to Kachin Independence Army-held territory. The state government and Tatmadaw have in recent weeks blocked local aid groups from sending aid to ...
$107 million approved for second Vietnam-Laos border gate
Following a decision signed by Vietnam’s PM Nguyen Tan Dung on 24 August, with the investment, the area will get a terminal zone for cargo transits, a concrete border gate, a housing system for customs and logistics services and roads, as well as water and ...
