Economy and commerce

Hitachi Ltd and Hitachi Building Systems Company on February 22 announced the official launch of the Asia Training Centre in Chon Buri province for engineers involved in the elevator and escalator business. The training centre, which is Hitachi’s first outside Japan, started soft operations last month, ...

Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...

An agricultural service centre, which began construction in Huaphan province on February 18, aimed to enhance the quantity and the quality of crops and animals produced in the province for export to Vietnam. The agricultural service centre is the largest agricultural cooperation project between Vietnam ...

The imposition of Criminal Act 144 in Minbu district, Minbu township Mann oil refinery and oil refineries from Tauksharpin-Kanniyay, Magwe Region will not be suspended pending the enactment of other laws to safeguard the areas, said Deputy Minister for Home Affairs Major General Aung Soe. ...

Two breweries in the Mandalay industrial zone were temporarily shut down after they were found to have exceeded the specified wastewater disposal rate, said U Thant Zin Tun, assistant director of the Mandalay regional environmental conservation department. There are four breweries in the industrial zone, ...

A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. According to a sub-decree published on February 22, the decision to offer a tax exemption for SMEs that are ...

Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...

The Treasury Department has set lenient conditions for the coming bidding to develop state lands in Mukdahan and Nong Khai provinces into special economic zones to draw bidders. The relaxed conditions include land development experience in wider fields, an extension of development proposal submissions, change ...

The central city of Da nang, in co-operation with the Japanese International Co-operation Agency, will start building a seafood value chain in the city with a fund of 60 million Japanese yen (around VNĐ11 billion or US$528,000). The city’s secretariat said the project, which will ...

The price of fresh cashews has jumped by about 30 percent over the price last year due to shortages of the nut and the fact that the harvest will not get into full swing until early next month. A lack of investment in technology to ...