Economy and commerce
Economic policy and administration
Developers' campaigns tap stimulus
Property developers are busy introducing special marketing campaigns to cash in on the Thai government’s property stimulus measures that kicked off on 19 October. Among them are Sansiri Plc, which introduced on-top discounts for 62 residential projects nationwide that have remaining units available for sale priced from ...
Vietnam's biggest company set to boost foreign ownership limit
Vietnam Dairy Products JSC is willing to raise foreign ownership in the country’s biggest company by market value to the maximum level the government would allow. “We want to open the room by the limit allowed by the government because the investment of overseas investors will ...
Permitted investments, local and foreign, on the increase
Investment in Myanmar will continue to grow after the elections, business sources predict. They were commenting on the announcement by the Directorate of Investment and Companies Administration that Myanmar Investment Commission had permitted 204 local and overseas investments in the first six months of the current ...
Vietnam's economic growth dampened by company shutdowns, trade deficit
Vietnam has pulled off an impressive feat this year, bucking a global slowdown trend to post an economic growth of 6.5 percent in the first nine months. But some senior legislators have said the strong growth might not be sustainable, considering the large number of companies ...
Property measures pass
The Thai cabinet approved three tax packages on 13 October aiming at reviving the flagging property sector, stimulating start-ups and rebuilding investor confidence. Finance Minister Apisak Tantivorawong said the property stimulus covered both financial and fiscal measures such as cuts in the housing transfer and mortgage fees for homes priced ...
Vietnam, Laos border trade agreement passed
The Vietnamese Government has approved the border trade agreement between Vietnam and Laos, which was inked on 27 June 2015 in the central province of Nghe An.The agreement is expected to create a legal basis for boosting bilateral trade in line with the two countries’ ...
Myanmar's economic growth to pick up again post-election: IMF
Reforms and monetary policy changes in the post-election period would boost slowing growth in Myanmar, said an International Monetary Fund official. Hoe Ee Khor, deputy director for Asia and Pacific at the IMF, said the involvement of the National League for Democracy (NLD) in setting regulations ...
Cambodia to invest $62M in China’s Asia Bank
The Council of Ministers agreed on 9 October to invest about $62 million in the fledgling Asian Infrastructure Investment Bank, which is expected to start operating by the end of the year. Keep reading ...
Laos SEZs prove to be major job generators
Sixty-five companies from Laos and foreign countries including Thailand at the Savan-Seno Special Economic Zone have created over 4,500 jobs for local people. According to Thongsay Sayavongkhamdy, a senior official from the Savannakhet provincial authority, from now until 2020, both local and overseas companies are expected to ...
The biggest winner from TPP trade deal may be Vietnam
Vietnam, whose low-wage economy relies on exports, is likely to be the biggest winner of the Trans-Pacific Partnership that slashes an estimated 18,000 tariffs among the dozen participating countries. In a decade, the country’s gross domestic product will be boosted 11 percent, or $36 billion, as ...
