Economy and commerce
Investment
ASEAN and the EEU: close to free trade zone?
ASEAN and EEU member countries are estimated to have a combined GDP of $3.5 trillion and a combined population of over 700 million. On August 5, Russian media outlets quoted Russian Minister of Economic Development Alexei Ulyukayev as saying that an agreement had been reached ...
Monster sugar mill eats through sugarcane supply
Just three months since starting production, Cambodia’s largest sugar mill is sitting idle due to a shortage of its primary input sugarcane, a provincial Agriculture Ministry official said on August 7. Poeung Trida, director of the Preah Vihear Agricultural Department, said Rui Feng (Cambodia) International Company’s ...
Vietnam risks facing severe labour shortages
Government and business leaders speaking at a recent forum in Ho Chi Minh City have said that Vietnam is at risk of running out of skilled machinists and other manufacturing workers over the next four to five years. At the conference sponsored by the HCM City ...
Cambodia pushing for more benefits from Mekong integration
The government is seeking to develop ways of increasing the benefit felt by Cambodia from economic corridors opened throughout the Greater Mekong Subregion as part of ASEAN integration, an official has said. The economic corridors are intended to spur economic integration in ASEAN and boost infrastructure ...
Mekong agriculture lacks FDI
Bad weather, fluctuating prices and high risk in agricultural cultivation has made foreign investors hesitate in pouring capital into the sector. According to the Vietnam Chamber of Commerce and Industry – Can Tho branch, for the first six months of this year, the Mekong Delta attracted ...
Thailand's central declares $89.6 mln tax on Big C Vietnam deal: report
Thai retail giant Central Group has declared around US$89.6 million in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C Vietnam, which declared the tax on behalf of its new owner, has paid $17.03 million of the amount, ...
Foreign direct investment collapses
Foreign direct investment in Thailand in the first half of the year fell by more than 90% in value to the lowest mark in over a decade at US$347 million, reports the Bank of Thailand. The report said FDI declined from $4.2 billion in the same ...
Laos - China’s gateway to Southeast Asia
Situated in Laos’ Luang Namtha province, Boten is China’s gateway to Southeast Asia and will be a critical link in both the North-South and East-West economic corridors. In terms of the North-South corridor, it is the transit point for the Kunming-Bangkok Expressway, which passes across ...
What lessons can Southeast Asia learn from ‘Brexit’?
Keith Richburg is the director of the Journalism and Media Studies Centre at the University of Hong Kong. He spent more than two decades as a foreign correspondent for the Washington Post covering Africa, Europe, China and Southeast Asia, making his first visit to Cambodia ...
Investment policy expected soon in Myanmar
The government will release its domestic and foreign investment policy soon, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration, told the Daily Eleven. “We plan to release the investment policy, but not in hurried manner. It will come after the economic policy ...