Economy and commerce
Tokyo Gas to ferry LNG to remote islands in Southeast Asia
Tokyo Gas is starting a project to efficiently deliver liquefied natural gas to Southeast Asian nations home to many far-flung islands. In energy-hungry Southeast Asia, a number of plans are underway to construct large LNG receiving terminals in such countries as the Philippines, Indonesia and ...
Singapore’s MOSB to become first foreign oil and gas supply base in Myanmar
Myanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. ...
Malaysia, Indonesia to take EU curbs on palm oil to WTO
Malaysia and Indonesia plan to raise the prospect of European Union curbs on the imports of palm oil with the World Trade Organisation, both countries said in a joint statement on Sunday.Keep reading ...
Myanmar should renegotiate expensive loans from China
Myanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, ...
Lack of accountability and clarity in SEZ Law highlighted in Dawei
An inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted.Read more ...
MoF maintains raw iron export tax
The price of refined iron ore is 200 times more expensive than the raw iron ore for exporting, therefore, reducing the export tax on raw iron ore is unreasonable and discouraging investments in ore sorting technology, according to the Ministry of Finance (MoF).Keep reading ...
Universal basic income could work in SE Asia, but only if it goes to women
The universal basic income debate has been raging for some years, with politicians and people hotly divided over the notion of their government paying every citizen a set amount of money on a regular basis, without requiring work to be completed. The idea of everybody, including ...
Quảng Ngãi attracts projects worth $2.81b in H1
Dung Quất Economic Zone and industrial zones in Quảng Ngãi Province attracted eight projects worth US$2.81 billion in the first half of this year, according to the provincial People’s Committee. Keep reading ...
Rice export target set at 5.7 million tonnes
The Việt Nam Food Association (VFA) has set the target for rice export at 5.7 million tonnes this year, up 800,000 tonnes from 2016, amid rising global demand.Keep reading ...
In Saigon, rural life clings to Southeast Asia's future financial hub
Thu Thiem’s urban transition portrays the stark contrast between what the city used to be and what it wants to become. Just across the river from Saigon’s central business district lies Thu Thiem Peninsula. The 657-hectare (1,623-acre) area in District 2 is set to become ...
