Economy and commerce
Regions can approve up to US$5m investments
The maximum amount of investments which can be approved by regional and state governments has been set to US$5 million. Region and state investment commissions will now be able to approve proposals without having to seek permission from Myanmar Investment Commission, according to an announcement ...
Pyidaungsu Hluttaw told 44 state projects should be suspended
As Myanmar moves to slash government spending, the Pyidaungsu Hluttaw was told that 44 of 52 projects by state-owned enterprises should be suspended. This was following a study by the assembly’s joint committees into the budgets for state-owned projects for the coming fiscal year. After ...
Checks for rice exporters
More than 40 rice millers have applied for quality checks to allow for export to China but most have not yet reached a high enough standard, the Agriculture Ministry said. Applications were received in a second call for expressions of interest after 28 millers gained certification ...
Investment fund suggested for Cambodia
Industrial insiders and experts on the kindgom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to broaden the local public investor base, based on The Thai Fund. Incorporated in 1987, TTF is a non-diversified, closed-end management investment ...
Robust factory growth charted
Cambodia has seen a marked increase in industrialisation over the past five years, with the number of factories nearly doubling during that period and producing a broader range of goods for both export and domestic consumption, according to new unreleased government data. In the yet-unpublished ...
Laos, Vietnam speed up plans for Vientiane-Hanoi expressway
Laos and Vietnam have agreed to take the next steps to start construction of an expressway linking the capitals of Vientiane and Hanoi this year. The agreement was reached at a bilateral meeting held in Hanoi on Tuesday between Laos’ Ministry of Public Works and ...
Election to be held after coronation, Finance Minister tells fund managers
Foreign fund managers posed several questions to Finance Minister Apisak Tantivorawong after he gave his keynote speech at the CLSA ASEAN Forum 2017 on March 9. One member of the audience asked Apisak when the general election would take place, adding that investors really wanted to ...
Luang Prabang honoured in regional awards scheme
The Unique Tour offered to visitors to Luang Prabang was awarded a special prize on Wednesday by the ASEAN-Japan Centre at a ceremony held in Japan. An official at the centre, Ms Junko Nukiyama, reported on March 9 via social media that Laos was one of ...
VietJet looks to soar above its domestic and foreign rivals
VietJet Aviation, a privately run discount airline also known as VietJet Air, listed on the Ho Chi Minh City bourse on Feb. 28. The carrier eventually expects to eclipse state-run Vietnam Airlines in the domestic market, but it also has big goals for its international ...
China's chill hits banks' bottom lines
Unable to shrug off its disappointing performance of the preceding year, Asia’s financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% compared to 2015 and ...
