Economy and commerce
Investment
Vietnam finally brings out the axe to deal with delayed FDI projects
Many did not expect the central province of Khanh Hoa to axe a giant property project early this month, only less than a year after its Indian developer received the investment license. The province refused to give Dewan International Vietnam more time to find money, canceling the ...
Chiang Mai gains from lure of CLMV markets
Half of the economic growth in Chiang Mai has been driven by businesses from other regions that want to cash in on the opportunities opening up in the CLMV countries, according to the Federation of Thai Industries’ chapter in the northern province. Businesses from the Central region ...
Chinese rare earth metals exchange to pay $6.4bn owed to investors
Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...
KFC shows how to change Myanmar's eating habits
Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...
Myanmar's imports continue to outpace exports in Q1
Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...
Thai-Lao duty-free mall proposed for Vientiane
A group of Thai and Lao business people have announced a plan to spend 10 billion baht to develop a large shopping and hotel complex in Vientiane in order to cash in on opportunities arising from the coming from the coming Asean Economic Community. The massive ...
Germany considers renewables funding
Germany’s development bank is considering expanding its investments into Cambodia’s renewable energy and agriculture sectors, a visiting German parliamentarian told the president of Cambodia’s Senate last week. Thomas Gambke, chairman of the ASEAN Parliamentary Group in the German Parliament, met with Cambodian Senate President Say Chhum ...
Vietnam leads emerging market greenfield FDI performance index
Vietnam has topped a performance index for greenfield foreign direct investment, leading all other emerging markets by a wide margin. The southeast Asian country ranked number one in a study by fDi Intelligence, an FT data division, which looked at inbound greenfield investment since 2003 relative ...
Beer competition brews as Heineken launches in Myanmar
Dutch giant Heineken opened its US$60 million brewery on 12 July, with its locally developed Regal Seven lager beer set to hit store shelves shortly. The brewer will also face the unusual situation of competing against one of its own beers. It owns Tiger beer, but ...
Putting productivity on the menu
An ILO project that provides free lunch at garment factories is proving to be a hit with workers, but whether or not this 50-cent per worker “experiment” catches on will depend on factory owners and the brands they supply. Last July, eight garment factories in Phnom ...
