Economy and commerce
Investment
Beer competition brews as Heineken launches in Myanmar
Dutch giant Heineken opened its US$60 million brewery on 12 July, with its locally developed Regal Seven lager beer set to hit store shelves shortly. The brewer will also face the unusual situation of competing against one of its own beers. It owns Tiger beer, but ...
Putting productivity on the menu
An ILO project that provides free lunch at garment factories is proving to be a hit with workers, but whether or not this 50-cent per worker “experiment” catches on will depend on factory owners and the brands they supply. Last July, eight garment factories in Phnom ...
Thai PM calls for Japanese firms to invest more in Mekong region
Thailand’s Prime Minister General Prayut Chan-o-cha has invited Japanese small and medium sized enterprises to invest more in the Mekong Subregion- by taking advantage of its logistic transport links, with the expectation that the region will be able to take a step forward together. Prayut spoke ...
Cambodia mine on track for 2016 start-up
India’s Mesco Gold (Cambodia) presented to the Cambodian Ministry of Mines and Energy that its Phum Syarung underground mine, in the northeastern province of Ratanakiri will start with initial capacity of 500 tons per day with a recovery rate of 85%. Angkor Gold discovered the epithermal gold deposit ...
China's alleged ban on Vietnamese contracts irrelevant: transport minister
In response to reports that China has prohibited state-owned companies from bidding on public projects in Vietnam, Transport Minister Dinh La Thang said the ban, if true, will have no effect on Vietnam. Thang, speaking to press on the sidelines of the National Assembly meeting, said that many Vietnamese ...
Exclusive: Myanmar drafts new foreign investment rules
Foreigners will no longer need a local partner to set up businesses in Myanmar and may be granted a five-year tax holiday from the start of commercial operations, according to the draft of a new investment law obtained by Reuters. Keep reading ...