Economy and commerce

Chinese rare earth metals exchange to pay $6.4bn owed to investors

Hundreds of Chinese investors protested outside of the Fanya Metal Exchange, in the south of the country, after finding that the minor rare earth metals exchange was unable pay out on investment products. Keep reading ...

KFC shows how to change Myanmar's eating habits

Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung San Market. Since then, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Yoma Strategic Holdings, a real estate development conglomerate, ...

Myanmar's imports continue to outpace exports in Q1

Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...

Lao developer proposes to convert BM Plaza to SEZ

A local developer is proposing to the Lao government to convert BM Plaza into a specific economic zone in order to facilitate business operations and attract more investment, trade and tourism through the single window service. Representatives from BM Group yesterday met with officials from the ...

Vietnam regulator pledges measures to lure foreigners to stocks

Vietnam’s securities regulator is planning new measures to lure more foreign investors to the stock market.   The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period, and force listed companies to release information in both Vietnamese and ...

Myanmar rice traders hope slowdown of Chinese buyers is temporary

The arrest of several Chinese buyers for tax evasion and the weakening Chinese economy is hurting trade with Myanmar’s largest rice export market, said U Soe Tun, vice chair of the Myanmar Rice Federation. China is the destination for over half of Myanmar’s rice exports. This ...

Businesses need to prep for ASEAN integration

Vietnamese businesses should be well prepared emotionally and physically to tap opportunities from the ASEAN Trade in Goods Agreement, experts have said at a dialogue. Chairman of the Vietnam Association of Small and Medium Enterprises, Cao Sy Kiem, said the 10 ASEAN countries created a production ...

What AIIB means for ASEAN connectivity

In 2009, the Asian Development Bank (ADB) forecast that from 2010 to 2020, Asia would need US$8 trillion in national infrastructure. The discussion on connectivity in Asia has continued since then, but it was China that seized the moment with its proposal in 2013 for ...

Thai-Lao duty-free mall proposed for Vientiane

A group of Thai and Lao business people have announced a plan to spend 10 billion baht to develop a large shopping and hotel complex in Vientiane in order to cash in on opportunities arising from the coming from the coming Asean Economic Community. The massive ...

Cambodia sees 7 pct rise in new business registration in 1st half of 2015

Cambodia granted operating licenses to 2,165 new companies in the first six months of 2015, up 7 percent from last year, according to a commerce ministry’s report. Keep reading ...

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