Infrastructure
Gov’t halts building of Koh Rong island port
“The company has the legal right to invest in Koh Rong from the state, but on June 7, the provincial working group had to stop the construction of the port of tycoon Kith Meng’s Royal Group because it was illegal,” said Sihanoukville City Governor Y Sokleng, ...
Vietnam may have new agency to manage state enterprises
The Vietnamese government is considering setting up a new agency to manage state-owned enterprises more effectively, but some economists have questioned the necessity of such a plan. Economist Ngo Tri Long urged the government to consider the plan thoroughly, arguing that a new agency means more resources ...
Hongsa-Chiangman road to be a boon for Nan
Opportunities in the tourism business in Nan, in the eastern part of the Northern region, will be highlighted once the 114-kilometre Hongsa-Chiangman Road is completed in 2018, making it a short cut to Luang Prabang in Laos. “There will be an opportunity to do business in ...
King Power secures 39percent stake in Asia Aviation in Bt7.9-billion deal
Duty-Free Operator King Power Group has taken a 39-per-cent controlling stake in Asia Aviation, the operator of Thailand’s largest budget airline Thai AirAsia, from the carrier’s chief executive Tassapon Bijleveld and two of his family members in a deal worth more than Bt7.9 billion. If King ...
No decision yet to be made on Noi Bai Int’l Airport expansion
No plan for the Noi Bai International Airport expansion has yet been selected, Deputy Minister of Transport Nguyen Nhat said in a recent interview with Vietnam News Agency amidst public debate about the expansion, which is said to cost up to five billion USD. Proposals on ...
Facebook racks up 10m Myanmar users
The world’s most popular social network, Facebook, has made millions of new “friends” in Myanmar over the last few years. In that time, the site has played the part of nationwide news outlet, emergency relief coordinator and community water cooler – but it has also provided ...
THAI orders 12 Airbus A350s
Thai Airways International Plc has ordered 12 new Airbus A350 XWB aircraft, eight of them on lease. The first aircraft is scheduled to arrive in August and is expected to replace an old plane on the Bangkok-Melbourne route. The Airbus A350 XWB is a mid-size long-range commercial ...
EU to start ASEAN aviation talks
The European Commission is planning to start negotiations with the Association of Southeast Asian Nations on an aviation agreement soon, having received a mandate from EU transport ministers earlier this week. The EU is hoping to create new airline routes and new business opportunities for European ...
Nod to new govt PR station likely
The broadcasting regulator is likely to look favourably on the government’s request for a digital-TV licence to launch a station to promote its Pracha Rath grass-roots-economy policy. “The broadcasting committee has not yet concluded this matter but we intend to support essential national policies,” Pakdee Manaves, ...
Why the Mekong River is Asia’s next big investment locale
Japan recently announced a three-year, $7 billion investment deal to improve the infrastructure of the lower Mekong River region. This deal is a move to offset China’s growing economic influence within the region. Furthermore, because of geopolitical reasons, it will be beneficial to Japanese investors ...
