Economy and commerce

Economic policy and administration

Thai Airways crash lands into bankruptcy court

Thai Airways International (THAI) is headed for bankruptcy court to pave the way for a much-needed rehabilitation for the octogenarian, near moribund national carrier, which in its glory days operated under the smug “Smooth as Silk” logo. Thai Prime Minister Prayut Chan-ocha’s Cabinet approved the plan ...

PETER JANSSEN

COVID-19 and the Effects on Supply Chains in Vietnam

The COVID-19 pandemic has slowed global trade and disrupted supply chains. The virus, which first started in China, shut manufacturing facilities for an extended period of time. As China, known as the factory of the world, shut factories, it resulted in a ripple effect battering ...

Pritesh Samuel

Job quality in Cambodia improves, new policies needed to benefit from global markets: World Bank

The diversity and quality of jobs available in Cambodia is improving, yet new policies are needed for the country to benefit from the opportunities available in future global markets, according to a World Bank report released on Tuesday. Titled Cambodia’s Future Jobs: Linking to the Economy ...

Shi Yinglun

Finance Ministry plans rejig of fuel excise tax

The Finance Ministry wants to revamp the structure of the excise tax on fuels to base it on carbon dioxide (CO2) emissions, with the aim of reducing greenhouse gas emissions to protect the environment. Finance Minister Uttama Savanayana delegated the Fiscal Policy Office and the Excise ...

Wichit Chantanusornsiri

PM: Ending trade pacts hurts development

Prime Minister Hun Sen called on World Trade Organisation (WTO) member states and development partners “to give close consideration” before removing preferential trade status from Least Developed Countries (LDCs). Speaking at the opening of the WTO’s 2019 Global Review of Aid for Trade in Geneva, Switzerland ...

Hin Pisei

China’s potash demand stirs resistance in rural Thailand

The future of a potash mine planned for north-eastern Thailand is mired in uncertainty as villagers put up fierce opposition, fuelled by concerns about their livelihoods, health and environment. Last year a group led by local women blocked access to exploratory drilling sites in the Wanon ...

Yodsapon Kerdviboon, Visarut Sankham

Leaders grapple with ASEAN’s thorniest issues at the 34th ASEAN Summit

The 34th ASEAN Summit, which ended on June 23, brought ASEAN leaders together to discuss regional economic, environmental and diplomatic challenges.   This time around, the biannual summit centred on sustainability. The bloc is home to some of the fastest growing economies in the world, and sustainable development is a ...

Zachary Frye

UN rights envoy says Laos focus on big projects hurting poor

The U.N. rapporteur on poverty, Philip Alston, said Thursday that Laos’ impoverished economy can only thrive if its leaders do a better job of educating and caring for all of its people. The current strategy of favoring big-ticket projects with Chinese investors and granting big ...

Over 9,500 new firms established in Mekong Delta in 2018

More than 9,500 new businesses were established in the Mekong Delta in 2018. The delta’s economy recorded an impressive growth of 7.8 percent in 2018, the highest over the past four years, according to Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and ...

Localities urged to implement resolution on sustainable Mekong Delta development

The Government’s Resolution No.120 on the sustainable development of the Mekong Delta issued in November 2017 has been highly appreciated by domestic and foreign experts, thanks to its presentation of specific development perspectives, models, and solutions, Prime Minister Nguyen Xuan Phuc said at a working ...

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