Investment

Japanese Prime Minister Shinzo Abe on January 15 called for a peaceful resolution to the South China Sea conflict and pledged Japan’s continued support for ASEAN, as the grouping turns 50 this year. Speaking after bilateral meetings with Indonesian President Joko Widodo in Bogor, West ...

Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. Tax collection revenue grew by 15 percent to ...

Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. ...

The government has agreed to set a larger budget deficit of 450 billion baht for fiscal 2018, marking a fresh attempt to rev up the economy. The next fiscal year’s budget expenditure is set at 2.9 trillion baht, with revenue collection of 2.45 trillion baht, ...

Laos and Singapore will further enhance their relations and continue cooperation in the development of various fields. This was the main theme of a meeting on January 12 between President Bounnhang Vorachit and the President of the Republic of Singapore, Dr Tony Tan Keng Yam, when ...

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...

More than 1.8 million acres of palm oil plantations in Myanmar’s southern Tenasserim Division do more harm than good for local Karen villagers, causing land conflict, damaging livelihoods, destroying biodiversity, and polluting the environment, according to a new report. Companies and businesspeople have taken over ...

Trading house Sumitomo Corp will expand its factory rental business in Southeast Asia serving small manufacturers from Japan, offering them the chance to launch overseas production without the hefty financial commitment of building their own plants. The factory space comes ready for use, equipped with electricity, ...

Energy policymakers will make a final decision on Feb 17 about whether the government will proceed with a plan to build a coal-fired power plant in the southern city of Krabi, says the Electricity Generating Authority of Thailand. Egat governor Kornrasit Pakchotanon said the National ...

A Tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is drawing up a master plan for sustainable tourism in the region. Tanintharyi boasts the Myeik archipelago, a cluster of more than 800 largely untouched islands that hold huge ...