Economy and commerce
Investment
Tunnel boring must start before rain, authorities
Lao authorities and Chinese developers are speeding works in an attempt to begin boring tunnels of the Laos-China railway project before the coming rainy season, a senior government official involved of the project has said. Tunneling is an important component of the 417 km railway ...
Bangladesh seeks to boost relations with Thailand
Bangladesh has called for the resumption of Joint Commission meetings with Thailand to forge cooperation and consult on issues left unresolved years after the previous meeting, as Dhaka expresses interest in closer ties and more action on issues of mutual interest with the Kingdom. The ...
Myanmar-China oil pipeline a reality
Nearly a decade in the making, a project to pump oil 770 km across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route. Dogged by sensitive relations ...
Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of ...
Thai exports slide 2.76% in value on year in February
Exports in February decreased in value year on year for the first time in four months, a decline attributed to the high value of gold and aerospace exports in February 2016, according to the Commerce Ministry. The ministry reported that export value last month declined by ...
Laos, Cambodia eye extra flights to boost tourism
Laos and Cambodia on Monday signed a document agreeing on the need to increase flights between the two neighbours to meet the growing demand for air transport. Head of the Air Transport Division, Department of Civil Aviation, Mr Viengsay Singkham told Vientiane Times on March ...
Small Chinese wheat mills feel the pressure
Rising wheat prices in China are putting pressure on thousands of the country’s small flour mills, speeding up rationalization of the world’s biggest milling industry and boosting the market share of bigger players. Many small-scale mills have been forced to shut down or cut back operations ...
Cabinet backs credit boost for SMEs in Bt15 bn package
The cabinet on March 21 gave the nod to the Small and Medium Enterprise Development Bank of Thailand to extend up to Bt15 billion in loans to small and medium-sized enterprises. The cabinet also approved plans for a major industrial estate development project in Sa Kaeo. “About ...
Alternative to TPP shows no sign of activity: analysts
While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership, which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing a ...
Links missing in planned safe food chains
Hà Nội plans to build 100 safe food chains this year to ensure supplies of safe vegetables and meat for the capital and reach annual targets on food hygiene. Planners believe the targets can be achieved by clearly identifying the origin of products and placing more ...