Economy and commerce
Investment
Measures approved to revive SMEs
The cabinet on 8 September approved five tax and financial measures to help some 2 million SMEs as part of its stimulus packages to revive the economy. Deputy Prime Minister Somkid Jatusripitak said the packages should help strengthen existing SMEs and attract new operators with potential. Keep ...
In Laos' economic zone, a casino and illicit trade beckon in 'lawless playground'
Kings Romans Casino is the centerpiece of the Golden Triangle Special Economic Zone, a 39-square-mile private concession in northwestern Laos, an impoverished communist country of 6.7 million between Thailand and Vietnam. As the name suggests, it is within the Golden Triangle, the area where Thailand, ...
Myanmar selects firms for bus import plan
Five companies have been chosen to import buses for the BRT lite system, according to U Maung Aung, chair of the BRT lite committee. Authorities hope the BRT lite plan will bring order out of the near-chaos of Yangon’s multiple privately owned buses in competition with ...
Laos' ASEAN presidency to help Russia boost Russia-Asian ties- Putin
Laos’ upcoming presidency of the ASEAN could help Russia enhance trade and economic ties with Asia, Sputnik news cited Russian President Vladimir Putin as saying. Keep reading ...
Lao authorities pick new company to complete road upgrade project
Government authorities in Laos have selected a new company to upgrade a major thoroughfare in the capital Vientiane, after the firm submitted an estimate that was lower than one quoted by a Chinese company believed to have ties to the country’s national leaders. A survey conducted ...
Thai company proposes Phnom Penh parking lot plan
After Phnom Penh City Hall announced last month that bus stations must be moved outside the city by next year, a Thai company put forward a proposal on 1 September to invest in bus parking lots on the city’s outskirts, according to the municipality. Keep reading ...
Seven clusters in for extra perks in SEZs
Additional investment privileges are likely to be offered to seven business clusters to be located in special economic zones (SEZs). Deputy Prime Minister Somkid Jatusripitak recently urged the Board of Investment and Industry Ministry to speed up studying the possibility of offering additional privileges to those ...
Economic forum reflects on Vietnam’s international integration
Vietnam’s achievements and missed opportunities in the reform process and international economic integration were reviewed at the Autumn Economic Forum entitled “Vietnam`s Economy: Integration and Sustainable Development”. Keep reading ...
Baht hits 6-year low as BoT eases foreign-investing rules
The baht sank to a six-year low on 28 August as a central bank move to allow domestic investors easier access to overseas markets sparked concern that outflows will increase. Keep reading ...
ThaiNamthip in joint venture for Laos' first Coca-Cola bottling plant
Lao Coca-Cola Bottling Co, a joint venture between ThaiNamthip and Laotian company PT Sole Co, has announced the inauguration of the first Coca-Cola bottling plant in Laos. The plant, located in Saithani district of Vientiane province, will produce sparkling beverages for the Laotian market, including Coca-Cola, ...
