Economy and commerce
Economic policy and administration
Targeted strategies to boost exports being devised
The ministry’s International Trade Promotion Department will allocate the largest proportion of its trade-promotion budget for ASEAN markets, focusing on Cambodia, Laos, Myanmar and Vietnam. Malee Choklumlerd, director-general of the department, said it had been allocated a budget of Bt2 billion for the upcoming fiscal year, and ...
Japan's economic growth fizzles out in second quarter
Japan’s economy stagnated in the second quarter, data showed on Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery. Weak figures on August 15 come as Japanese officials face growing pressure to deliver and economists increasingly write off ...
Miles to go
Though foreign investment is soaring and GDP is expected to grow by at least 8% this year and next, both are from a tiny base. Before the army seized power, Myanmar had been one of the world’s leading rice exporters and one of Asia’s wealthiest ...
Cambodia pushing for more benefits from Mekong integration
The government is seeking to develop ways of increasing the benefit felt by Cambodia from economic corridors opened throughout the Greater Mekong Subregion as part of ASEAN integration, an official has said. The economic corridors are intended to spur economic integration in ASEAN and boost infrastructure ...
Investment policy expected soon in Myanmar
The government will release its domestic and foreign investment policy soon, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration, told the Daily Eleven. “We plan to release the investment policy, but not in hurried manner. It will come after the economic policy ...
Department draws up IP roadmap, targets red zones
An intellectual property reform roadmap featuring an action plan for the short, medium and long terms is set to go before Prime Minister Prayut Chan-o-cha later this month. Nuntawan Sakuntanaga, director-general of the Intellectual Property Department, said the department has completed the reform roadmap, which will ...
Insurance industry encouraged to make preparations for TPP, AEC
The Trans Pacific Partnership and ASEAN Economic Community are expected to offer more market opportunities for insurance companies in Viet Nam, but will also present tough challenges in a more competitive international environment. “The current Vietnamese insurance market is facing many disadvantages and hasn’t met its ...
Businesses get lost in ‘forest of sub-licenses’
A survey by the Vietnam Chamber of Commerce and Industry has found that businesses operate under the regulation of 7,000 sub-licenses or 7,000 business conditions. The Tien Giang Enterprises’Association, in a document to the Prime Minister complaining about sub-licenses, emphasized that it was unreasonable to force ...
Asean ministers, bank governors strengthen financial regional integration
Financial integration, financial service access, and financial stability have been the central issues in discussions among Asean finance ministers and central bank governors at the meeting in Vientiane over the past few days. The ministers and governors have agreed upon the direction of regional cooperation ...
Central bank to relax rules, diversify risks
The Thai central bank will relax rules governing investment in products linked to foreign exchanges and transferring money internationally via mobile phones at the end of this month. Keep reading ...
