Economy and commerce
Canada voices interest in rail project bids
Canada has expressed interest in investing in rail systems, both in Bangkok and upcountry. This makes Canada the latest country to be drawn to the country’s infrastructure development projects. Keep reading ...
Developers' campaigns tap stimulus
Property developers are busy introducing special marketing campaigns to cash in on the Thai government’s property stimulus measures that kicked off on 19 October. Among them are Sansiri Plc, which introduced on-top discounts for 62 residential projects nationwide that have remaining units available for sale priced from ...
Vietnam's biggest company set to boost foreign ownership limit
Vietnam Dairy Products JSC is willing to raise foreign ownership in the country’s biggest company by market value to the maximum level the government would allow. “We want to open the room by the limit allowed by the government because the investment of overseas investors will ...
Sa Kaeo SEZ welcome, with reservations
Once the government has earmarked a province for a special economic zone (SEZ), theoretically it means more jobs, higher incomes and a better quality of life. But while residents of Sa Kaeo province are looking forward to their SEZ, they also have questions. Villagers want the new ...
Thai group to manage $1.5bln Vietnam resort
Thailand’s ONYX Hospitality Group has signed an agreement with Vietnam’s HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced on 18 October. Keep reading ...
Ready or not, ASEAN economic integration coming, warns banker
“The Philippines is an attractive market without a means to compete,” according to BDO Unibank Inc. president Nestor Tan, expressing worry that Philippine banks are not ready to compete with the bigger banks of neighboring countries with the establishment of the ASEAN Economic Community. Keep reading ...
Chinese arrivals to Cambodia to jump to 2M by 2020
Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020. Rising incomes have transformed China into ...
Devastating Myanmar floods send paddy prices skyward
Surging demand following the widespread destruction of paddy fields during the recent flooding has forced a record spike in prices, say the Myanmar Rice Federation and local paddy and rice traders in Naypyidaw. Since September, the price per 100 baskets of Manaw Thukha old crop in ...
Permitted investments, local and foreign, on the increase
Investment in Myanmar will continue to grow after the elections, business sources predict. They were commenting on the announcement by the Directorate of Investment and Companies Administration that Myanmar Investment Commission had permitted 204 local and overseas investments in the first six months of the current ...
EU investments in Vietnam start to recover
Foreign direct investment from the European Union to Vietnam is recovering this year after a downtrend since 2011, according to a report from the Ministry of Planning and Investment’s Foreign Investment Agency. A report released this week pointed out that the EU’s total investment in Vietnam ...
