News
Mega First gets hydropower concession in Laos
Power and quarry player Mega First Corp Bhd said an 80%-owned unit has secured a 25-year hydropower concession in Laos. The 260MW run-of-river project will cost the firm about US$500mil (RM2.15bil) and the company planned to fund it using internally generated funds and long-term debt. Keep reading ...
Japan pledges patrol vessels, loans to Vietnam
Japan pledges to provide Vietnam with 200 million yen (US$1.6 million) in non-refundable aid to buy Japanese used patrol ships for its maritime safety in the 2015 fiscal year, according to a joint statement issued on 15 September following Communist Party General Secretary Nguyen Phu Trong’s ...
Flooding from dam washes out homes, rice fields in southern Cambodia
Local government officials in a southern Cambodian province failed to evacuate villagers in time to prevent their homes and rice fields from flooding after the operators of a Chinese-built hydropower dam informed them a day earlier that they would open the facility’s gates to release ...
Flood aid reaches families in Laos
Flood affected families in isolated villages in central Laos have received much needed relief supplies from the US Embassy, the International Organization for Migration and World Vision International Lao PDR, in partnership with the Department of Social Welfare. Residents of Bolikhamxay Province were inundated by the ...
B200bn stimulus at the ready
At least 200 billion baht of the government’s budget is expected to be taken out from October-December as part of efforts to ramp up public spending and tackle cooling economic expansion. In the first three months of fiscal 2016 starting Oct 1, state agencies plan ...
Don Mueang 'biggest for budget travel'
Don Mueang International Airport has become the world’s top airport in terms of budget airline passenger numbers, according to the Airports of Thailand (AoT). Nitinai Sirismatthakarn, AoT president, quote figures on 15 September that show about 22.5 million budget airline travellers pass through Don Mueang airport ...
Myanmar expects a more vibrant post-election economy
Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s ASEAN membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the ASEAN Economic Community will be launched. That means our market will ...
Firm closer to applying for mining licence amid local uproar
As Udon Thani environmentalists expressed their objection to a public meeting on mining concessions being held at a military camp, Asia Pacific Potash Corporation (APPC) was one step closer to applying for the mining licence. APPC executive Woravudh Hiranyapaisansakul said the public meeting in Non Sung district ...
Military police seize vehicle with army plates, rosewood
Military police in Kompong Chhnang province said they found 290 kg of rosewood in the back of an SUV with military license plates on 14 September but failed to apprehend the driver, who escaped in a car that had been following his. Keep reading ...
Japan pledges 100bn yen in loans for Vietnam
Japanese Prime Minister Shinzo Abe pledged on 15 September that his country will extend 100 billion yen ($835 million) in loans for Vietnam to boost the Southeast Asian economy’s infrastructural development, as Tokyo and Hanoi aim to strengthen ties on the economic and security fronts. Keep reading ...
