Economy and commerce
Trade
MPC ups GDP growth forecast, keeps policy rate
The Bank of Thailand’s Monetary Policy Committee revised up its forecast for this year’s economic growth to 3.4 per cent based on a further recovery of merchandise exports, while leaving the benchmark interest rate unchanged at 1.50 per cent at its meeting on March 29. Jaturong ...
ASEAN, Russia assess progress of cooperation
The Ministry of Foreign Affairs yesterday hosted the 14th ASEAN-Russia Senior Officials’ Meeting in Vientiane to review the progress made in the countries’ cooperation. The meeting was co-chaired by Deputy Minister of Foreign Affairs, Mr Thongphane Savanphet, who is also Laos’ ASEAN SOM Leader, and ...
Changes needed to ensure sustainable agriculture
The slow growth of the agricultural sector starting in 2015, shortcomings of small-scale production, poor quality and productivity amid fiercer global competition are threatening the sustainability of farming in Việt Nam and demanding institutional and mechanism changes. These concerns were shared among participants of the ...
Automakers hopeful of boost as motor show kicks off today
The 38th running of the annual Bangkok International Motor Show kicks off today at Impact Muang Thong Thani with automakers crossing their fingers for the market to continue growing after finishing last year with a slight shrinkage. Altogether 768,788 vehicles were sold in the domestic ...
Alibaba plans trade centre in Thai
E-commerce giant Alibaba Group is still investing in Thailand, planning to set up a regional electronic-trade centre and logistics system here to link Cambodia, Laos, Myanmar and Vietnam markets, Industry Minister Uttama Savanayana said. In response to China’s biggest e-commerce company also setting its foothold ...
Exports of logs double in 2016
Despite a ban on the export of timber to Vietnam and the creation of a much-publicised anti-logging task force, Cambodia last year still exported nearly $33 million dollars’ worth of unprocessed logs to its eastern neighbour, a volume more than double that of 2015, according ...
ASEAN-China talks set for Cambodia
Cambodia will host the 20th ASEAN-China meeting aimed at boosting further discussions on the Declaration on the Conduct of Parties in the South China Sea which could lead to finalizing the framework of the Code of Conduct. The two-day meeting of the joint working group on ...
Border crossings surge at Saravan entry point
Great changes are in evidence since the Lalay border crossing was upgraded to an international checkpoint between Saravan province in Laos and Quang Tri province in Vietnam in June 2014. Director of the Saravan provincial Department of Information, Culture and Tourism, Mr Somchay Ounchit, told ...
Ease irksome barriers to enhance business environment, PM advises
The Prime Minister has urged line ministries to remove any unnecessary barriers to help boost the country’s business environment and promote domestic and foreign investment. The government is trying to develop a favourable business environment and simplify unnecessary procedures that are a hindrance to the ...
Asean delegates prepare for sustainable tourism awards
Delegates from ASEAN member states are in Vientiane to attend a training session titled ASEAN Master Assessors on ASEAN Sustainable Tourism Award, to prepare for awards in January 2018. The aims of the award are to encourage jointly responsible actions among public, private and local ...