Economy and commerce
Baht hits 6-year low as BoT eases foreign-investing rules
The baht sank to a six-year low on 28 August as a central bank move to allow domestic investors easier access to overseas markets sparked concern that outflows will increase. Keep reading ...
ThaiNamthip in joint venture for Laos' first Coca-Cola bottling plant
Lao Coca-Cola Bottling Co, a joint venture between ThaiNamthip and Laotian company PT Sole Co, has announced the inauguration of the first Coca-Cola bottling plant in Laos. The plant, located in Saithani district of Vientiane province, will produce sparkling beverages for the Laotian market, including Coca-Cola, ...
Cambodian property hotter than ASEAN average ahead of AEC
With the ASEAN Economic Community (AEC) set to commence at the end of this year, promising deeper cross-market potential for property investment, the region as a whole is experiencing a cooling effect—with the exception of Cambodia, which shows strong growth numbers according to property consultancy ...
Provincial officials shut down Vietnamese nightclub in northeastern Laos
A Vietnamese-run night club featuring scantily-clothed pole dancers in the historic Viengxay caves in northeastern Laos has closed down a few days after its opening after it received a barrage of criticism on social media, a provincial official said. The nightclub had a soft opening on ...
Gov't eyes industrial expansion
In search of Cambodia’s next economic growth driver, the government on 26 August laid out the Cambodia Industrial Development Policy 2015-2025, which aims to expand the Kingdom’s narrow industrial base beyond garments and rice. The new policy, launched by Prime Minister Hun Sen at the Peace Palace ...
US companies bullish on ASEAN business outlook, survey finds
American companies based in the region remain generally optimistic about business prospects for the 10 markets of ASEAN. The findings came in the annual ASEAN Business Outlook Survey by the United States Chamber of Commerce and the American Chamber of Commerce Singapore (AmCham). Keep reading ...
Vietnam index posts biggest single-day jump in 15 months
Vietnam’s benchmark VN Index ended up 3 percent on 26 August, its biggest jump in 15 months, after the government reassured it will maintain the country’s economic growth target and keep the dollar/dong rate stable until the year-end. Keep reading ...
Big plans brewing for Myanmar beer
Myanmar’s largest beer maker, military-owned Myanmar Brewery Ltd., aims to increase its annual production by 50 percent in the years ahead, the company announced on 26 August. Following a recent partnership with Japan’s Kirin Holdings, the company’s chairman Nay Win said the new joint venture will try ...
Thai stocks bounce back
Thai stocks have rebounded on the back of the country’s strong economic fundamentals after a steep drop of 64 points to an 18-month low on 24 August, Finance Minister Apisak Tantivorawong said on 25 August.The Thai bourse joined several other Asian and European markets in the ...
Thailand preparing students for the new business environment
Thailand has been transitioning to a service-based economy, which accounts for just over half of GDP, and universities are being urged to enhance the capacity of new graduates to meet changing market demand. Bangkok University has noted this changing trend and is grooming students to serve ...
