Economy and commerce

Prime Minister Thongloun Sisoulith has expressed his full support for the Lao National Chamber of Commerce and Industry to serve as the highest body in the mobilisation of potential for the country’s development. The PM offered his support in response to the proposal of the ...

Chinese farms in Laos’ provinces have been suspended due to their ongoing use of hazardous chemicals which are having negative impacts on people’s health and the environment. The Prime Minister’s Office’s ordered the farms which are preparing to cultivate banana trees to cease their efforts ...

The relations between the Lao PDR and great powers have seen positive escalation, while the nation has maintained normalcy in its relations with developed countries, reflecting some remarkable achievements in Laos’ foreign affairs. The achievements were disseminated at the 13th meeting on foreign affairs, which ...

Thailand’s government plans to allocate an additional $5.3 billion this fiscal year to investment projects in provincial areas, in what appears to be a major effort to appeal to the rural population and kickstart economic growth after several years of stagnation. High household debt, dropping ...

Bestlin Group, the firm contracted to procure 489 natural gas for vehicle air-conditioned buses to the Bangkok Mass Transit Authority, on December 8 proposed a deal with the Finance Ministry amid​ fears it might be ineligible for a 40% import duty exemption for the buses. The firm ...

SET-listed PTT Plc, the national oil and gas conglomerate, is branching out into property management, according to a key company official. The move is part of a plan to diversify into other sectors at a time when global oil prices remain weak, said Auttapol Rerkpiboon, ...

Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone on December 8 to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at ...

The government decided on December 8 to offer a three-year, multiple-entry visa for Japanese nationals to facilitate and attract more investment and tourists. The decision was made by Prime Minister Hun Sen during the 5th year anniversary of Minibea, a Japanese motor assembly plant at Phnom ...

Exports to Cambodia, Laos, Myanmar and Vietnam continue to rise due to strong demand in the neighbouring countries, where the economies continue to grow, according to the Office of Industrial Economics. Ittichai Yotsi, director of the OIE’s Bureau of Industrial Economics Research, said exports to ...

Unfavourable weather has delayed Thailand’s sugar crushing season, threatening a reduction in sugar output for the 2016/17 crop. The drop will prevent Thailand, the world’s second largest sugar exporter, from capitalising on rising global sugar prices at a time it is being challenged by Brazil ...