Economy and commerce
Investment
Thailand 'to reap rewards' from IMF's yuan move
Thailand’s trade and investment will benefit in the long run from inclusion of the yuan in the special drawing rights currency basket of the International Monetary Fund (IMF), says a senior central bank official. Greater use of the Chinese currency would help to slim down foreign ...
Thai Government urged to also help big companies go abroad
The Thai Government should change its mindset about offering help only to small and medium-size firms expanding overseas and extend it to larger companies, said Thiraphong Chansiri, president and chief executive of Thai Union Group. Thiraphong added that a new challenge for companies branching out internationally was ...
FDI disbursement in Vietnam up 17.9% in 11 months
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated US$13.2 billion from the beginning of 2015 until 20 November, up 17.9 per cent against 2014. Data from the General Statistics Office showed that the country attracted $20.22 billion worth of FDI during the reviewed ...
Chambers: Corruption a key concern
Corruption is a major concern that must be tackled by the government if it wants to attract foreign investment to Thailand, according to a report by the Joint Foreign Chambers of Commerce in Thailand (JFCCT). The report, in which foreign investors expressed their views and concerns about ...
Thai start-ups in line for incentives
The Information and Communication Technology (ICT) Ministry is considering tax incentives for companies investing in tech start-ups in an attempt to stimulate long-term investment. The ministry plans to spend 100 million baht to promote Thailand’s tech start-up industry, said vice-minister Pansak Siriruchatapong. Keep reading ...
Thai Chamber urges bolder Myanmar approach
Thai businesses want the government to help them enter or expand into the Myanmar market by conducting more official visits to the neighbouring country, according to the AEC Strategy Centre at the University of the Thai Chamber of Commerce. Centre director Pussadee Polsaram said more official ...
Cambodia shows narrow but strong FDI growth
Foreign direct investment flows continued to see strong growth across the 10-member ASEAN bloc in 2014, with most countries in the Lower Mekong region reporting higher levels of inflows given their rising infrastructure needs and manufacturing activities, according to a new report jointly produced by ...
Chinese firm intends to list on Cambodia Stock Exchange in 2016
Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year. Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...
Cautious optimism on the economic front
The Thai economy will expand by 2.8% by year-end, and government megaprojects will accelerate higher growth rates next year, the Fiscal Policy Office said on 26 November. Keep reading ...
'Echelon Thailand' set to host Mekong region start-ups
“Echelon Thailand” will bring active start-up communities from around the Mekong region including CLMV (Cambodia, Laos, Myanmar and Vietnam) to connect with one another. The 26-27 November event organised by e27, Asia’s largest tech media platform, is expected to attract the best of the Mekong region’s ...