News

Myanmar minimum wage gathers support from abroad

International labor groups and multinational companies have urged the government and recalcitrant garment manufacturers in Myanmar to accept a daily minimum wage of 3,600 kyats (US$3.20), a proposal put forward by the National Minimum Wage Committee last month. The US-based Fair Labor Association, a coalition of labor ...

Myanmar's imports continue to outpace exports in Q1

Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...

Lao National Assembly passes draft law on the prevention of cybercrime

The Lao National Assembly (NA) passed a draft law on the prevention of cybercrime after it was raised for debate at the ongoing ordinary session of the parliament. The approved draft will be revised in accordance with recommendations made by the law makers during the debate. Widespread ...

Lao developer proposes to convert BM Plaza to SEZ

A local developer is proposing to the Lao government to convert BM Plaza into a specific economic zone in order to facilitate business operations and attract more investment, trade and tourism through the single window service. Representatives from BM Group yesterday met with officials from the ...

Laos National Assembly debates education law amendment

Government policy regarding compulsory education, foreign language teaching in primary schools, rights and obligations of teachers and students were highlights at the National Assembly (NA) debate on the amendment to the Law on Education. The assembly took a half day yesterday to debate the latest draft ...

Thailand is suffering from the worst drought in decades

Thailand is experiencing the worst drought in decades, with seven out of 67 provinces affected and water rationing taking place in almost a third of the country. Thailand’s Irrigation Department said that the amount of usable water in dams across the country, except in the West, ...

Vietnam regulator pledges measures to lure foreigners to stocks

Vietnam’s securities regulator is planning new measures to lure more foreign investors to the stock market.   The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period, and force listed companies to release information in both Vietnamese and ...

Thai, Vietnam cabinets to meet for third time

The third joint-Cabinet meeting between Thailand and Vietnam will be held in Bangkok next week when Vietnam Prime Minister Nguyen Tan Dung leads his ministers to the Kingdom. The meetings were initiated in 2004 to forge closer ties between the two governments, as the nations became ...

Myanmar rice traders hope slowdown of Chinese buyers is temporary

The arrest of several Chinese buyers for tax evasion and the weakening Chinese economy is hurting trade with Myanmar’s largest rice export market, said U Soe Tun, vice chair of the Myanmar Rice Federation. China is the destination for over half of Myanmar’s rice exports. This ...

Cambodian PM voices outrage over tycoon's assault on TV star

Cambodia’s prime minister has added his voice to growing outrage over a vicious attack by a businessman on a female TV star that was captured on video. Hun Sen called property tycoon Sok Bun’s actions intolerable and warned that his wealth would not help him escape ...

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