Economy and commerce
Cabinet approves power projects
The Cabinet of ministers approved on February 17 two electricity development projects in a bid to address the increasing demand for electricity in the kingdom. The two projects will be a 230-kilowatt transit grid development project from the Ta Tei dam in Koh Kong province as well ...
FTI backs Krabi coal-fired plant
The Federation of Thai Industries has agreed with the plan to develop a coal-fired power plant in Krabi, saying the delay or cancellation of the project would lead to insufficient power supply that could cut the gross regional product in the South by at least 1%. Energy ...
Coal-fired power plant decision due Friday
The battle to stop the coal-fired power plant in Krabi is about to erupt again as the Energy Policy and Planning Committee meets Friday to decide the fate of the project. Project opponents who have organised under the Network for Saving the Andaman plan to ...
Infrastructure boosts Đồng Nai properties
The property market is booming in the southern province of Đồng Nai of thanks to its excellent infrastructure. The local Department of Construction said 250 property projects were developed recently, 15 by foreign investors and involving a minimum investment of US$10 million. Some that had ...
Paddy prices rise as winter-spring crop ready for harvest
Domestic paddy prices have increased by 12 per cent as the winter-spring crop in the Cửu Long (Mekong) Delta is ready to be harvested. In An Giang Province, fresh paddy IR50404 is being sold at VNĐ4,500-4,600 per kilo, high-quality paddy VNĐ4,700-4,800, and dried high-quality paddy ...
Rice-clearing auction draws big crowd
Sixty-six rice traders participated in the government’s auction of 2.86 million tonnes of rice on February 16, showing high market demand for the last lot of rice suitable for consumption from the government’s stocks. Duangporn Rodphaya, director-general of the Commerce Ministry’s Foreign Trade Department, said ...
Gov't, ministries, bankers and businesses cooperate to breed shrimp
Prime Minister Nguyen Xuan Phuc has decided that Vietnam should become the shrimp production base of the world. The target of exporting $10 billion worth of shrimp products by 2025 is within reach, he said. The Ministry of Agriculture and Rural Development said it hoped the shrimp ...
‘Industry 4.0’ Thailand’s path to prosperity, seminar hears
The fourth Industrial Revolution offers vast opportunities for businesses and Thais can reap its benefits to become richer than Singaporeans within a decade, Dhanin Chearavanont, chairman and chief executive officer of Charoen Pokphand Group, said on February 15. “In 10 years, Thais will be getting richer. ...
Letpadaung copper project to bring in US$20m
The Letpadaung Copper Project, which is a joint venture between the Wanbao Mining Company from China, Myanmar Economic Holdings Limited and the Myanmar Government is expected to generate about US$20 million in its first 10 months for the State, said U Ohn Win, Union Minister ...
Government plugs rubber switch
The government is seeking intrepid smallholder farmers to pilot a project that would transform 6,000 hectares of cropland in two provinces into a patchwork of small rubber plantations. The Ministry of Agriculture is eyeing 5,000 hectares of land in Ratanakkiri and 1,000 hectares in Battambang ...
