Growth to continue but economy faces significant risks

Economic growth in Laos will remain buoyant however the region still faces significant risks to growth, according to a new World Bank report. The outlook of the Lao economy remains favourable overall but with increasing downside risks GDP growth is projected to remain at around seven ...

Development of SMEs, startups allotted B96m

The Commerce Ministry has vowed to spend 96 million baht next year to help develop startups and raise Thai brand awareness in the world market. According to Commerce Minister Apiradi Tantraporn, the ministry is committed to moving ahead with plans to promote Thai small and medium-sized ...

Ministry calls meet on rice scheme suspects

The Justice Ministry has invited anti-graft agencies to a meeting next week when it is expected to name the people to be probed in the 853 alleged corruption cases connected to the rice-pledging scheme. The Public Sector Anti-Corruption Commission last week said it had received 853 ...

Large M&A deal could change Vietnam’s sugar industry

Hoang Anh Gia Lai Group HAGL has finally confirmed that it is negotiating with Thanh Thanh Cong on the transfer of its sugar mill in Laos to TTC. As both of them are giants in their field, the deal is expected to lead to big ...

Japanese businesses eye VN agriculture

An increasing number of Japanese firms are interested in investing in Việt Nam, particularly in the agriculture sector, Tanoi Masahiko of Japan’s Ministry of Agriculture, Forestry and Fisheries said at a meeting on September 27. He said the increased number of businesses participating in the ...

ADB puts Thailand’s GDP growth forecast at 3.2%

The Asian Development Bank has slightly revised up its forecast for Thailand’s 2016 economic growth from 3 per cent to 3.2 per cent, praising the country’s investment in infrastructure. “Government infrastructure investment is a key contributor to growth in Indonesia, the Philippines, Singapore and Thailand,” ...

Vietnam calls for Japan’s investment in agriculture

Vietnam will step up improving the investment climate and hopes to see Japanese firms increase investments in agriculture in the coming time, a Ministry of Agriculture and Rural Development official said. General Director of the MARD’s Department of International Cooperation Tran Kim Long delivered the message ...

Innovation for a fruitful harvest

The integration of technology into Cambodia’s agricultural sector is vital to increase the competitiveness and overall performance of the Kingdom’s harvest, but efforts to push for widespread adoption of innovative solutions has been slow to take off, industry experts and stakeholders said at a forum ...

Farming mega-mergers threaten food security, say campaigners

Deals would put the majority of seeds, chemicals and GM traits in the hands of three companies, deepening poverty for small-scale farmers. When an Indian farmer plants his cotton crop, there’s at least a 75% chance the seeds have been been bought from a company owned ...

Bank trims rate to coax millers

The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these conditional loans in an effort to shorten some of the strings attached. The Rural Development Bank announced late on September 25 that ...

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