Economy and commerce
Trade
Hitachi sets up elevator engineer training hub in Chon Buri
Hitachi Ltd and Hitachi Building Systems Company on February 22 announced the official launch of the Asia Training Centre in Chon Buri province for engineers involved in the elevator and escalator business. The training centre, which is Hitachi’s first outside Japan, started soft operations last month, ...
PTT to sell businesses under revamp
Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...
New agriculture centre to improve crop production
An agricultural service centre, which began construction in Huaphan province on February 18, aimed to enhance the quantity and the quality of crops and animals produced in the province for export to Vietnam. The agricultural service centre is the largest agricultural cooperation project between Vietnam ...
Profits soar at top petrochem companies
Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...
Đà Nẵng, Japan to co-operate in seafood production, sewage treatment
The central city of Da nang, in co-operation with the Japanese International Co-operation Agency, will start building a seafood value chain in the city with a fund of 60 million Japanese yen (around VNĐ11 billion or US$528,000). The city’s secretariat said the project, which will ...
Shortages push up cashew price
The price of fresh cashews has jumped by about 30 percent over the price last year due to shortages of the nut and the fact that the harvest will not get into full swing until early next month. A lack of investment in technology to ...
US grants one-year extension of GSP privileges for Thai products
Three Thai products that had been at risk of losing their preferences – video cameras, lenses for eyeglasses, and air-conditioner parts – will continue to enjoy export privileges to the US this year, as their values have not yet exceeded competitive need limitations. Duangporn Rodphaya, ...
Laos still faces chemical management issues
Laos is currently facing a variety of chemical management issues due to a shortage of a full set of regulations, adequate knowledge, the proper equipment and a satisfactory budget. At the 11th Regional Chemicals Management Forum held on February 21 in Vientiane, Deputy Director General of ...
Index plans CLMV activity to spur growth
Index Creative Village Plc, the country’s largest event organiser, plans to expand further in Indochina to cash in on opportunities arising from strong economic growth in the region. This year will see an emphasis on consumer events such as concerts, trade shows and marketing campaigns ...
Export growth goal revised up to 5% on key supports
The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector ...