Economy and commerce
Investment
ASEAN’s winners and losers under TPP
Earlier this month, 12 countries in the Asia Pacific region signed the Trans-Pacific Partnership (TPP) which ranks as the biggest trade agreement in history – signatory countries account for 40% of total global output. While the treaty still must be ratified by each and every party to it, ...
Migrant workers fear impact of Mae Sot economic zone
The development by the Thai government of a special economic zone at Mae Sot, which is intended to improve trade and communications between Thailand and Myanmar, could have devastating consequences for local inhabitants. Keep reading ...
China eyes $31bn of investments in Laos border economic zone
China is eyeing total investment of more than 200 billion yuan ($31.45 billion) in 240 projects in a pilot economic zone on the border with Laos, the government of the southwestern province of Yunnan said late on 19 October. Poor and remote, Laos has traditionally been ...
Savan Vegas casino hotel in Laos up for sale
Savan Vegas Hotel and Entertainment Complex, a casino hotel in Laos, is being offered for sale via a competitive bid process, according to a press release dated 19 October. Keep reading ...
Canada voices interest in rail project bids
Canada has expressed interest in investing in rail systems, both in Bangkok and upcountry. This makes Canada the latest country to be drawn to the country’s infrastructure development projects. Keep reading ...
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 ...
Thai group to manage $1.5bln Vietnam resort
Thailand’s ONYX Hospitality Group has signed an agreement with Vietnam’s HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced on 18 October. Keep reading ...
Ready or not, ASEAN economic integration coming, warns banker
“The Philippines is an attractive market without a means to compete,” according to BDO Unibank Inc. president Nestor Tan, expressing worry that Philippine banks are not ready to compete with the bigger banks of neighboring countries with the establishment of the ASEAN Economic Community. Keep reading ...
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 ...
EU investments in Vietnam start to recover
Foreign direct investment from the European Union to Vietnam is recovering this year after a downtrend since 2011, according to a report from the Ministry of Planning and Investment’s Foreign Investment Agency. A report released this week pointed out that the EU’s total investment in Vietnam ...
