Economy and commerce

Thailand’s economic growth slows, with yuan denting outlook

Thailand’s economic growth slowed in the second quarter as improving government spending and tourism failed to counter weak local demand and exports, with the outlook clouded by drought and the yuan’s devaluation. Gross domestic product gained 2.8 percent in the three months through June from a ...

5.9% pay hike forecast for Thailand

Salaries in Thailand are expected to go up by 5.9 per cent in 2015, according to global consulting firm Mercer in its recently released annual labour market research. Keep reading   ...

Vietnam sees trade deficit of 19.3 bln USD with China in 7 months: customs

Vietnam saw a trade deficit of over three billion U.S. dollars with China in July, bringing the figure in the first seven months of 2015 to hit some 19.3 billion U.S. dollars, said Vietnam Customs on 17 August.   Keep reading ...

Vietnamese companies to mine rock salt in Khammuan, Laos

Two Vietnamese companies have inked a deal for a joint venture rock salt mining project in Khammuan province, Laos, with an engineering, procurement and construction contract signed in Hanoi, Vietnam, on 14 August. Vietnam Chemical Group and Vietnam Lao Chemical and Rock Salt Limited Company signed ...

Myanmar halts rice exports as floods hit crop

Myanmar halted rice shipments after floods over the past month inundated farmland, raising the specter of supply disruptions in the sixth-biggest exporter. The Myanmar Rice Federation voluntarily suspended exports to prevent an increase in prices after more than 200,000 acres (about 81,000 hectares) of paddy fields ...

South Korean companies plan major waste treatment plant for Mekong Delta

A South Korean syndicate has proposed to build a major waste treatment plant to solve an urgent demand in the Mekong Delta where thousands of tons of waste are being discharged every day.   The proposal was made by three companies in a meeting with local officials ...

Laos, Thailand seek cooperation on SEZs

Laos and Thailand are seeking bilateral cooperation at special and specific economic zones along the border of the two countries. Laos’ National Committee for Special Economic Zones and Thailand’s Policy Committee on Special Economic Zone Development are preparing to sign a memorandum of understanding to inaugurate ...

Vietnam index drops to below 600 points amid devaluation fear

The Vietnam Stock Index or VN-Index slumped for four straight days amid currency devaluation fear, closing at 589.03 points on 14 August. According to stock experts, the decisions of China’s central bank to devalue the Chinese yuan and the decision of Vietnam’s central bank to widen the exchange ...

Global markets: South-east Asia's currencies are plunging like its 1998

Four years ago, a dollar fetched just over 8,500 Indonesian rupiah, and just under three Malaysian ringgit. Today a dollar is worth nearly 14,000 rupiah and almost four ringgit. Both currencies hit 17-year lows this summer, and kept falling (see chart). In Asia the rupiah and ...

India must focus on expanding banks network in Cambodia, Laos, Myanmar and Vietnam

Expansion of Indian banks network in CLMV – Cambodia, Laos, Myanmar and Vietnam- countries would help in enhancing trade and investment relations with these nations, a report has suggested.  The Commerce and Industry Ministry report – “India’s Strategy for Economic Integration with CLMV” was prepared by think ...

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