Investment
Investment policy and regulation
Cho still expects 10% revenue leap
MAI-listed Cho Thavee Dollasien Plc, a bus and truck assembler, is upbeat about revenue prospects this year despite a tepid first-half performance. President and chief executive Suradech Taweesaengsakulthai said revenue growth of at least 10% to 1.68 billion baht was still expected. Keep reading ...
Japan charts road to industrialization for Mekong region
Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint on 24 August to boost industrialization in the subregion. The blueprint, known as “The Mekong Industrial Development Vision,” got the thumbs-up during a meeting between Japan’s Minister for Economy, Trade and Industry Yoichi ...
Major Cineplex targets 30 cinemas in Laos within three years
Major Cineplex Group is expanding its footprint in Laos, aiming to have 30 movie screens there within three years. Entering the country of 7 million people through its partner Platinum Cineplex, Thailand’s largest movie-theatre operator formed a 60:40 joint venture to open its first five movie ...
Vietnam devalues dong by 1%
Vietnam on 18 August devalued its currency by 1% following the devaluation of the Chinese yuan and a possible US interest rate increase. Keep reading ...
ASEAN puts last touches to economic community
With most of the high-priority measures in the ASEAN Economic Community (AEC) blueprint already adopted, policymakers and businesses need to work closely on the remaining challenges to achieve benefits of full economic integration beyond 2015, a new report recommends. The report from Ernst & Young, titled ...
Thai entrepreneurs urged to move fast in Myanmar
Thai entrepreneurs should tap Myanmar’s high growth potential, say business leaders. However, competition has grown intense as Myanmar welcomes other foreign investors, forcing some Thai businesses to seek local partners in order to make it easier to do business there. Keep reading ...
Vietnamese companies to mine rock salt in Khammuan, Laos
Two Vietnamese companies have inked a deal for a joint venture rock salt mining project in Khammuan province, Laos, with an engineering, procurement and construction contract signed in Hanoi, Vietnam, on 14 August. Vietnam Chemical Group and Vietnam Lao Chemical and Rock Salt Limited Company signed ...
South Korean companies plan major waste treatment plant for Mekong Delta
A South Korean syndicate has proposed to build a major waste treatment plant to solve an urgent demand in the Mekong Delta where thousands of tons of waste are being discharged every day. The proposal was made by three companies in a meeting with local officials ...
More investing in Laos' specific economic zones
Many more companies are planning to invest in special and specific economic zones (SEZs) in Laos after witnessing the potential to benefit from the coming regional integration, according to a recent report. Keep reading ...
Yuan devaluation seen reigniting currency wars in Asia
A measure of the region’s 10 most-traded currencies excluding the yen is set to decline for a third year, its longest losing streak since 1997, amid signs the US will raise interest rates for the first time in a decade. The People’s Bank of China’s cut ...