Economy and commerce
Trade
Japan agrees aid for port expansion
The Japanese government has agreed to help Sihanoukville Autonomous Port (SAP) introduce an electronic system for handling import and export procedures. The Electronic Data Interchange (EDI) system will allow companies to send one another electronic information, replacing the manual method currently in use. The agreement ...
BAAC taps tech to boost farmers’ incomes
The bank for Agriculture and Agricultural Cooperatives is stepping up its push to become more customer-focused under initiatives aimed at boosting farmers’ incomes. The bank also plans to upgrade 900 of what it calls community financial institutions by teaming up with grass-roots financial organisations. The moves ...
Laos, Malaysia strengthen ties
Prime Minister Thongloun Sisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is Mr Thongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims ...
SCG to use clean coal tech for Mon State plant
Thailand cement company, Siam Cement Group wants to continue using coal for its cement factory in Kyaikmaraw township, Mon State and has given its assurance that the coal plant will use clean coal technology so as not to affect the environment. Mawlamyine Cement Limited managing ...
Big retailers, manufacturers to clear up price hikes
The Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding ...
EEC tied to China's One Belt, One Road
The government says the much-touted Eastern Economic Corridor is ready to be an important part of China’s One Belt, One Road initiative, which envisions connectivity between China and Eurasia. Speaking Monday at a seminar entitled “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road,” Deputy ...
Blue chips hit by low confidence
Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory. The benchmark VN Index on the HCM Stock Exchange inched down 0.16 per cent to close at 718.86 points. ...
Economic development requires rule of law: ESCAP
Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific said in a report released on May 8. The UN agency noted in ...
Bangkok welcomes Macron win as nerves calmed over EU
Thailand has welcomed the victory of the pro-European centrist Emmanuel Macron in the French presidential election, banishing for now the spectre of another departure from the European Union and steadying the nerves of investors. Kobsak Pootrakool, Vice Minister for the Prime Minister’s Office, on May 8 ...
Govt lures major Chinese investment to new EEC
Deputy Prime Minister Somkid Jatusripitak said on May 8 that the government plans to connect its new Eastern Economic Corridor development project with the Chinese government’s One Belt, One Road initiative. “The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told ...
