Economy and commerce
Investment
National reconciliation key in Myanmar’s development: ADB
While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on ...
Thailand Future Fund IPO delayed by cost concerns
The planned initial public offering of the Thailand Future Fund will be pushed back for another three months to September as concerns over the cost of launching the fund continue. Expressway Authority of Thailand, the owner of two expressways to be pooled as underlying assets ...
Port to open bidding for B1.3bn container station
The Port Authority of Thailand plans to open bids for a container freight station project worth 1.3 billion baht at Bangkok port, known as Klong Toey port, this year. PAT director-general Sutthinan Hatthawong said bidding will be held to seek a contractor to build the ...
Thailand, Japan conclude Bilateral Swap Arrangement
The Bank of Thailand and the Bank of Japan have signed an agreement to govern the Bilateral Swap Arrangement (BSA), enabling both countries to exchange their currencies. The facility under the arrangement amounts to US$3 billion (102.4 billion baht), said Chantavarn Sucharitakul, assistant governor, corporate ...
Deadlock as PTT hit by big claim over oil spill
Thai firm alleges Indonesia refuses to settle after years of dispute and Bt70 billion suit filed in Court. The Indonesian government and Thailand’s PTT Exploration and Production plc are locked in a multi-billion-baht legal dispute over alleged environmental and other damages resulting from the massive 2009 Montara ...
15 mining projects see concessions revoked
Fifteen mining operations have had their concessions revoked after investors failed to implement their projects as agreed after they were granted concessions by the government. Speaking at the ongoing ordinary session of the National Assembly last week, Minister of Energy and Mines Dr Khammany Inthirath ...
Laos attends special ASEAN-US foreign ministers meeting
Minister of Foreign Affairs Saleumxay Kommasith led a Lao delegation to attend the Special ASEAN-US Foreign Ministers’ Meeting which was held in Washington D.C., the United States, on May 4. Malaysian Foreign Minister AnifaHj. Aman and the United States’ Secretary of State Secretary Rex W. ...
WFP injects more than US$85m to support sustainable development
The World Food Programme has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, ...
Insurance giant turns to Cambodia
AIA, the world’s second largest life insurance company, has arrived in Cambodia pledging to play a key role in the kingdom’s dynamic growth and development. Ng Keng Hooi, chief executive and president designate of AIA Group Limited, said that AIA has the right people and ...
RSPO freezes palm oil company’s operations in Papua
The world’s biggest sustainable palm oil association has frozen the operations of one of its most prominent members on concessions in Indonesia because of failures to meet its standards on new planting. The Complaints Panel of the Roundtable on Sustainable Palm Oil issued a stop-work order ...
