Ministry sees surge in investment

The Finance Ministry is optimistic the private sector will step up its investment to the tune of 400 billion baht next year, a crucial driving force for economic growth. The amount of private investment will be nearly half of the 900 billion baht the state ...

Plans spilt for oil refinery

A mysterious cluster of crude oil storage tanks recently constructed on the coast near Kampot are linked to a $400 million project by timber baron Try Pheap to build an industrial park and oil refinery, government officials confirmed on December 21. The five 2-million-litre tanks ...

PM outlines measures to drive growth, curb spending

Prime Minister Thongloun Sisoulith on December 20 instructed authorities to ensure the macro-economy was stabilised along with improving the investment climate as key factors to attract investment and drive growth. The premier gave the advice during a two-day meeting that ended yesterday. The meeting was convened ...

Co-founders of 500 TukTuks shine

The Nation is this year naming not one, but two individuals as its “Businessman of the Year” – Natavudh “Moo” Pungcharoenpong and Ruangroj “Krating” Poonpoa, the co-managers of 500 TukTuks, the most active venture-capital fund investing in start-ups in Thailand.  This is in recognition of ...

Lai Châu hydro-power plant inaugurated

Electricity of Việt Nam on December 20 inaugurated the Lai Châu hydro-electricity plant in Nam Nhun District in the northern mountain province of Lai Châu. The plant has begun operations one year ahead of the National Assembly’s resolution. The VNĐ35.7 trillion (US$1.6 billion) plant has ...

Study maps 187 land conflicts as palm oil expands in Kalimantan

Palm oil production in Indonesia often comes at the expense of traditionally managed lands as well as the livelihoods of indigenous communities, causing widespread conflict in the archipelago country. With oil palm cultivation set to double in Indonesia over the next 10 years, methods for understanding ...

Egco kicks off latest wind farm

SET-listed Electricity Generating Plc (Egco) said its latest 80-megawatt wind farm in Chaiyaphum province has started commercial operation, helping to generate more revenue for the company as well as support renewable energy. President and chief executive Chanin Chaonirattisai said the power plant has total contracted capacity of ...

PM urges Royal Group to launch satellite

Prime Minister Hun Sen urged the influential tycoon at the head of the country’s biggest conglomerate to move forward on a long-stalled plan to launch Cambodia’s first satellite, adding that it would be a profitable venture given the high demand from the booming telecommunications industry. ...

CSOs call for greater transparency in Tanintharyi developments

A Coalition of local residents has criticised two Myanmar companies and a Chinese firm for announcing plans for a number of development projects in Tanintharyi Region. In a statement issued on December 14, the residents also attacked the local ethnic armed group, the Karen National ...

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