Industries
Bus importer floats duty deal with government
Bestlin Group, the firm contracted to procure 489 natural gas for vehicle air-conditioned buses to the Bangkok Mass Transit Authority, on December 8 proposed a deal with the Finance Ministry amid fears it might be ineligible for a 40% import duty exemption for the buses. The firm ...
PTT to run retail at Udon Thani airport
SET-listed PTT Plc, the national oil and gas conglomerate, is branching out into property management, according to a key company official. The move is part of a plan to diversify into other sectors at a time when global oil prices remain weak, said Auttapol Rerkpiboon, ...
Japanese get 3-Year visas
The government decided on December 8 to offer a three-year, multiple-entry visa for Japanese nationals to facilitate and attract more investment and tourists. The decision was made by Prime Minister Hun Sen during the 5th year anniversary of Minibea, a Japanese motor assembly plant at Phnom ...
Strong demand boosts exports to CLMV
Exports to Cambodia, Laos, Myanmar and Vietnam continue to rise due to strong demand in the neighbouring countries, where the economies continue to grow, according to the Office of Industrial Economics. Ittichai Yotsi, director of the OIE’s Bureau of Industrial Economics Research, said exports to ...
Bad weather threatens to put a damper on sugar harvest
Unfavourable weather has delayed Thailand’s sugar crushing season, threatening a reduction in sugar output for the 2016/17 crop. The drop will prevent Thailand, the world’s second largest sugar exporter, from capitalising on rising global sugar prices at a time it is being challenged by Brazil ...
Will coal shares bounce back?
The strong increase in coal prices has rekindled hopes for Vietnam’s miners and securities investors after a period of disappointment. After eight years of decline, the coal price began recovering in early 2016. Analysts commented that the coal price has been witnessing the strongest recovery compared ...
Industrial rail project gathers steam with government push
Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and ...
Yangon government considers ending industrial zone bridge tolls
The Yangon Region government is debating ending the toll fees on three bridges that connect Hlaing Thar Yar industrial zone with Yangon and the Thilawa special economic zone. “We are discussing with the Ministry of Construction the collection fees on Bayint Naung bridge, Aung Zayar ...
Ministry promotes quartz industry
The Industry Ministry is pushing for the development of quartz mining, as this mineral is an important raw material for the production of solar panels. According to the ministry’s Department of Primary Industries and Mines, the Kingdom has reserves of 25 million tonnes of high-quality ...
VN firms invest in textile, dyeing
Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...