Economy and commerce
Hot issues debated at cabinet meeting
A number of hot topics ranging from the illegal drug trade, measures to drive economic growth, and infrastructure development were tabled for debate at the monthly cabinet meeting which began on February 23. Chaired by Prime Minister Thongloun Sisoulith, the ordinary meeting for February heard ...
Govt dealing with illegal petrol imports
New requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to ...
Laos, Cambodia enhance longstanding relationship
Laos and Cambodia plan to continue to foster their deep, longstanding and traditional friendship, relations and solidarity. The two countries’ leaders made their intentions clear during a two-day state visit to the Kingdom of Cambodia by President Bounnhang Vorachit. President Bounnhang visited Cambodia from February ...
Energy giant PTT upbeat on Trump's oil pipeline plan revival
U.S. President Donald Trump’s decision to revive plans for the controversial Keystone XL oil pipeline could spur Thai energy giant PTT to resume development of an oil sands project in the Canadian province of Alberta, the state-owned company’s chief executive said Wednesday. Just after taking ...
Peninsula chain adds carefully chosen links in Myanmar, elsewhere
As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic ...
Mooted Yangon expansion plans revived
Yangon Region Chief Minister U Phyo Min Thein said that the regional government will launch the Yangon New City project in Kyeemyindaing township, but firms involved in the Yangon Southwest New City were not informed about the new plan. A similar plan was initiated by the ...
US$1 billion in fresh investments pledged in Nghe An
Nghe An authorities presented eight investment certificates and signed 15 memorandums on investment with total capital pledges of US$1 billion at a meeting with investors in the north-central province on February 19. This annual event was held by Nghe An in coordination with the Bank ...
Exports prioritised to meet trade target
According to official figures from the Ministry of Commerce, trade volume reached US$23 billion until the end of January in this fiscal year. The ministry has set the target trade volume to be $31 billion, therefore the ministry will continue trying to achieve its target ...
Some business fields to face big challenges in 2017
The severe weather conditions in the first months of 2016 with drought and saline intrusion dealt a strong blow on Vietnam’s agriculture, leading to minus growth rate of the sector in the first half of the year. Agricultural production, which has just recovered from the damage ...
The real cost of Thailand scrapping its sugar subsidy program
Thailand is ending its sugar subsidy programme after complaints that it dragged down global sugar prices. But both rural farmers and the ruling junta could suffer from the decision. The Thai government has announced that it will end its programme subsidising its sugar industry nearly a ...
