Economy and commerce
Fintech potential still untapped
Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...
PTT expects Thai fuel use to rise
PTT Plc., the national oil and gas conglomerate, forecasts Thailand’s fuel consumption will increase by two to three percent this year, in line with the country’s economic growth. The outlook was trimmed from the previous forecast because demand is expected to slip after subsidy cuts, ...
VnSteel aims to increase revenue by VNĐ800 billion
Vietnam Steel Corporation (VnSteel) aims to earn a consolidated revenue of US$835.5 million in 2017, an increase of VNĐ800 billion from 2016. It will produce around 2.4 million tonnes of steel billets this year, up 17 per cent from 2016, VnSteel said. To accomplish these ...
Location earmarked for Laos-Cambodia bridge
Lao and Cambodian officials have earmarked a location for the planned bridge across the Xelamphao River linking Laos and Cambodia to encourage people-to-people visits and boost tourism in the region. The bridge will link Nonyang village in Mounlapamok district of Laos’ southernmost province of Champassak ...
Thai-Myanmar talks due
Deputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business ...
In response to pollution complaints, a coal plant in Indonesia offered soap and mops
Village leaders in Sumberejo, East Java, once had plans to entice travelers to their coastal town. Tourist facilities were planned for Ndaki Beach where the waves of the Indian Ocean crash upon this Indonesian island. Nearby Bawur Beach was also seen as having tourism potential. ...
Economy expected to average 7.1 percent growth over next three years
Myanmar’s economy is expected to grow by an average of 7.1 percent per year in the next three years, amid easing inflation and a rise in investments in infrastructure and sectors such as light manufacturing and hospitality, the World Bank said in a report on ...
An economic success story: How Vietnam became Southeast Asia’s top performer
Vietnam’s remarkable economic progress looks set to continue in the coming years, despite a regional slowdown which has affected other states in Southeast Asia. Its increasingly diversified and resilient economy has grown at a healthy rate – of above 6 percent – in each of the last ...
Deforestation-free commodities represent a major investment opportunity: report
It’s estimated that about 10 percent of global emissions comes from deforestation — meaning we could make considerable progress toward halting climate change simply by keeping what remains of the world’s forests standing. Agricultural commodities — especially beef, palm oil, soy, and pulp and paper ...
Consultation on investment rules highlights land issues
A public consultation on the regulations that will accompany Myanmar’s new investment law threw the spotlight onto the country’s complicated land legislation once again. But although they acknowledge the barriers that land rules present to potential investors, officials in charge of the investment law regulations ...
