Economy and commerce

The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released on 9 October. Keep ...

Vietnam, whose low-wage economy relies on exports, is likely to be the biggest winner of the Trans-Pacific Partnership that slashes an estimated 18,000 tariffs among the dozen participating countries.   In a decade, the country’s gross domestic product will be boosted 11 percent, or $36 billion, as ...

Vietnam’s fruit and vegetables are getting more popular overseas with exports growing 26.5 percent annually, local media reported.    In the January-September period, the revenue was estimated at over $1.4 billion, up 16.5 percent year-on-year.   Keep reading   ...

Laos’ World Heritage town of Luang Prabang is on target to hit 500,000 visitors by the end of this year after reaching 470,279 in the first nine months. Keep reading ...

The Central Bank of Myanmar has issued a directive on customer due diligence related to anti-money laundering and the financing of terrorism. All banks and financial institutions licensed by the Central Bank must develop effective frameworks to manage these risks, said the note, issued on 5 ...

CPI Yunnan International Power Investment Company has recalculated its spending on the suspended Myitsone hydropower project, and is waiting for the Myanmar government to approve the figure.  CPIYN is the majority shareholder in Upstream Ayeyarwady Confluence Basin Hydropower Company, the dam’s developer. The calculation was made in ...

Laos, Thailand and Malaysia may proceed with a planned cross-border power trade minus Singapore, which had some concerns over the initiative, said Datuk Seri Dr Maximus Ongkili. He said his officers were exploring the possibility for the pilot project, known as the Laos, Thailand, Malaysia, Singapore ...

Some 30,000 real estate transactions were recorded in the first nine months of 2015, which was tantamount to the combined figures from last year, as heard at a seminar on housing development in the Mekong Delta city of Can Tho on 7 October.   According to Chairman ...

The rules of origin in FTAs ​​has set high demands that forced Vietnam to consider more active elements of the diversity of markets through restructuring and raising product quality. According to figures from the General Statistics Office, in May 9, 2015, China remains the largest export ...

Thailand should consider joining the Trans-Pacific Partnership because it will create collaboration among ASEAN countries, a banker says. On 5 October, 12 countries reached an agreement on trade liberalisation. Four of them are in the ASEAN region. Deja Tulananda, vice executive chairman of Bangkok Bank, said on 7 October that the ...