Economy and commerce
SMEs in crisis due to failure to get bank loans
Small and middle-sized enterprises are facing a crisis due to difficulties in sourcing financing from banks, said the founder of City Mart Group of Companies, Daw Win Win Tint, “Not getting a bank loan means a catastrophe for the SMEs,” she said after SMEs Authoritative ...
Law needed to regulate Thai investors’ abuses abroad: Thai, Myanmar groups
Community groups in Thailand and Myanmar have urged protection of human rights and prevention of environmental impacts – after Thai entrepreneurs were reported to have carried out abusive and environmentally damaging acts in neighbouring countries. Some 27 Thai non-government groups and the Dawei Development Association, a ...
Phuan festival bolsters Lao-Thai friendship
The annual Phuan ethnic community festival in Thailand has significantly contributed to maintaining and strengthening the friendship between Laos and Thailand along with conserving the traditions of the ethnic group. Lao Ambassador to Thailand Mr Li Bounkham made the remarks as he joined Nan province ...
APEC officials discuss possible free trade area for Asia-Pacific
Senior officials of APEC economies as well as experts and scholars have discussed the possibility of establishing a free trade area of the Asia-Pacific along with its potential impacts and difficulties facing the process. The workshop on realising FTAAP was held in Nha Trang, the south ...
Imported meat becoming more popular
A report from the Department of Livestock Production showed that in the first seven months of 2015, Vietnam imported 210,000 cows from Australia, which was even higher than the total import volume of the year before. In 2014, Vietnam imported 181,000 Australian cows, or 2.7 ...
Economists concerned about increase in non-performing loans
Economists have expressed concern over non-performing loans that banks have given to the private sector. Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability. ...
‘Success story’ Thilawa SEZ set to launch its second phase
More than three years after the start of the Japan-backed Thilawa special economic zone, Myanmar launched the development of its second zone in the presence of dignitaries from both nations including Vice President Henry Van Thio. Set Aung, deputy governor of the Central Bank and ...
Fight against garbage in the ocean starts at individual level: Greenpeace
Solutions to the massive garbage “islands” floating off Thailand start at the individual level, but government policy and regulation is also needed, officials and environmentalists have said. Earlier this month, pictures of large amounts of garbage floating in the sea spread on social networks and sparked ...
Govt orders further action to regulate timber industry, combat illegal logging
The government has entrusted a taskforce committee to take further action to strictly regulate wood processing businesses and clamp down on illegal logging after learning that issues continue to exist. The assignment was made after the cabinet was briefed at the government monthly meeting for ...
Battambang on course for growth
Battambang, the city at the epicentre of Cambodia’s agricultural heartland, has long struggled to reward its farmers with profits and compete in global markets. However, new logistics and economic development projects are driving a positive transformation that could see the city develop into a regional ...
