South Korean company to invest in resort complex project

A company from the Republic of Korea (ROK) is intending to carry out a Lao Resort Complex Project in Phonhong district, Vientiane province, one of the mega projects to be developed in Laos. If the project is approved by the Lao government, the total value of ...

French bank set to enter Cambodia

French bank BRED Banque Populaire – part of the second-largest banking group in France – will start commercial operations in Cambodia later this year, marking the first foray for a European bank in the Kingdom since the late 1990s, sources in the banking sector said ...

Thai BJC to seek $6.2 bln loan for Big C purchase; shares drop

Thailand’s Berli Jucker PCL (BJC) said it would seek a short term loan and may consider an equity issue to fund a planned $6.2 billion acquisition of hypermarket operator Big C Supercenter PCL , sending its shares down 5 percent.   Berli, controlled by Thai tycoon Charoen ...

Thai FDI soaring in nearby lands

Thailand’s outward foreign direct investment (FDI) is flourishing as investors large and small rev up international expansion in line with the government’s commitment to supporting such investment and helping companies secure cheaper raw materials. Keep reading ...

CDC says investments up by 18 pct in 2015

Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced on 3 February. Keep reading ...

Strong FDI inflows to drive Vietnam's economy this year: forecast

As foreign investment will remain strong this year, both manufacturing and construction sectors in Vietnam will see positive growth, helping the economy rise 6.9 percent, according to a new Standard Chartered Bank report.   It will be the second highest growth in Asia, after India, the London-headquartered ...

Vietnam FDI surges this month

Foreign direct investment (FDI) in Vietnam rose impressively by 101.2 per cent to more than US$1.33 billion in January of this year, according to the Foreign Investment Agency. Up to 127 new foreign-invested projects, worth more than $1 billion, were licensed as of January 20, surging ...

Thai bank buys Cambodian MFI in mammoth deal

In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million. In a statement released on ...

Myanmar allows 40 percent foreign ownership in condominiums

Myanmar’s Union Parliament approved on 22 January the draft Condominium Law to allow 40-per-cent foreign ownership. Under the law, foreigners can buy up to 40 per cent of condominium units. Keep reading   ...

Chinese cash in on Thai solar power

Chinese solar companies are looking for opportunities in Thailand as an alternative growth destination to China, where the renewable power market has reached saturation point, according to BMI Research. Thailand is emerging as an attractive destination for renewable energy investment as the government looks to reduce the country’s reliance ...

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