Economy and commerce
Investment
New Members Appointed to Burma’s Investment Commission
The Myanmar Investment Commission (MIC) was reshuffled on 7 June to include 11 new members, the President’s Office announced on 8 June. Kyaw Win, Minister of National Planning and Finance, was appointed chairman, and Than Myint, Minister of Commerce, was appointed vice chairman. Aung Naing Oo, former secretary ...
Foremost producer to make Thailand Asean export hub
Netherlands-based Royal FrieslandCampina, the producer of Foremost dairy products, plans to make Thailand its Asean export hub. The company expects income from Asia to be contributing half of its total revenue globally within five years, chief executive officer Roelof Joosten said on 7 June. He said Thailand ...
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 ...
PM raises doubts on ASEAN economic community
Prime Minister Hun Sen questioned on 1 June the extent of the ASEAN Economic Community’s commitment towards forming an inclusive economic region as countries continue to compete with each other for agricultural exports and inflows of foreign direct investment. Cambodia, which was the last member to join ...
More Japanese investors heading to Laos
More and more Japanese companies are coming to invest in Laos given that the country is integrating with the region and the world and is improving its investment climate. As of May 2016, the number of Japanese companies in Laos had climbed to 132 which is ...
Try Pheap inks $300M seaport deal with Hong Kong company
Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on 30 May, according to Kep provincial governor Ken Sotha. “The two companies held the signing ceremony in Cambodia’s Kep province, but the international port is going to be ...
Vietnam hopes for deepened ties with Japan: PM
Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...
Vietnam's foreign investment surges to over $10 billion in Jan-May
Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...
New firm seeks to enter gold trading
Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...
Thilawa SEZ phase two nears completion
The second phase of a 2400-hectare special economic zone to the south of Yangon will be finished in July, with residential and commercial developments to follow, an official has said. Once the second phase of Zone A is finished in July, a company called Thilawa Property ...
