Economy and commerce

Overseas credit card companies are looking to Myanmar as the country shifts from cash to card payments. U.S.-based Visa teamed up with Myanmar’s Co-operative Bank (CB Bank) on Jan. 17 to issue credit cards with limits of between 4 million kyat and 5 million kyat($2,946 and ...

Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with ...

The Ministry of Agriculture and Forestry will this year closely monitor domestic and foreign investment in this sector as it believes that many companies have not implemented the agreements made or complied with stipulated feasibility study methods. The ministry will strictly apply management measures to ...

Anti-globalization and protectionist attitudes are increasing in some countries, but Vietnam still has an open economy. This means big challenges for Vietnam in upcoming days. US President Donald Trump on January 23 officially pulled out of the 12-nation Trans-Pacific Partnership, a move that The New ...

The Bolaven Plateau in the south of Laos will be developed into the country’s top agri-business and agri-tourism destination thanks to its year round temperate climate. The Bolaven Plateau runs through Champassak province’s Pakxong district, Saravan province’s Lao-ngam, and Xekong province’s Thataeng district and boasts ...

The Central Bank of Myanmar has accused private banks of granting loans to individuals connected with bank directors. But some businessmen disagree with CB that the banks are self-serving. The Central Bank is investigating the activities of private banks, Director General U Win Thaw told ...

Prime Minister Prayut Chan-o-cha last week asked reporters why non-governmental organisations, environmental activists and academics continue to protest against the planned blasting of rapids in the Mekong River. He said many of these protesters are outsiders, meaning people who do not live by the riverside, do ...

On December 12 the Thai-owned Fraser and Neave completed the purchase of 5.4 per cent of the Vietnamese dairy giant Vinamilk for almost $500 million. Each of F&N’s subsidiaries – F&N Bev Manufacturing and F&N Dairy Investments – bought 2.7 per cent at the starting price ...

Vietnamese like to get together and whenever they do there is beer on the table. This may explain the interest in the equitizations of the country’s two biggest beer producers. The Saigon Beer Alcohol and Beverage Corp. (Sabeco) in the south and the Hanoi Beer Alcohol ...

ANZ Royal Bank has been authorised to facilitate payments owed to the General Department of Taxation (GDT) through its corporate tax payment service, a company release on Friday stated. The service will expand on the bank’s capability to deliver secure digital transactions and will be ...