Economy and commerce
Japan’s Shinwa Group kicks off ASEAN expansion push in Thailand
Japanese property firm Shinwa Group plans to expand its investment in ASEAN between now and 2019, targeting revenue from overseas sales to reach Bt10 billion by that year. The group launched its foray into the ASEAN market last year, announcing its first investment in Thailand, ...
Logistics firm DSV launches rebranded local branch
Global transport and logistics company DSV announced on January 19 it started operations in Cambodia following its acquisition last year of UTI Worldwide and its office in the Kingdom. DSV acquired UTI Worldwide in January 2016 for a reported $1.35 billion, making it the fourth-largest ...
Fish farm project on the table
A Chinese firm and its local partner have floated a proposal for a $100 million aquaculture project in Cambodia that would include fish farms, a feed mill and a fish processing plant. Representatives of China Ocean Fishing Holding Ltd and local holding company Khmer Holding ...
EPF supports green growth initiatives
Laos launched a new project at the Ministry of Planning and Investment on January 18 aiming to support capacity building and mainstreaming green in the country. The agreement ceremony was attend by Deputy Minister of Planning and Investment, Dr Kikeo Chanthabouly. The new project, known ...
Cambodia eyes Swedish trade
Cambodia is seeking to expand its market for milled rice to Sweden and is looking for ways to cooperate further in trade and investment. Prime Minister Hun Sen, at the World Economic Forum in Switzerland, yesterday asked his Swedish counterpart Stefan Lofven to consider rice imports ...
Bank Indonesia continues its monetary easing stance
In line with expectations, Bank Indonesia has continued with its monetary easing by keeping its benchmark sevenday repo rate at 4.75 percent on January 19 to maintain stability amid growing global uncertainty. The move anticipated a change in direction of United States economic policies brought ...
The rise of anti-globalisation and its impact in Asia
The world appears to be experiencing a globalisation backlash with an assault coming from both economic and societal fronts. In this changing world, the two defining characteristics of globalisation – increased global trade and greater economic participation in trade – now look poised for an ...
Sembcorp takes another step on Myingyan project
Singaporean energy firm Sembcorp signed a build-operate-transfer agreement with Myanmar’s energy ministry on January 18 for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and ...
Trade groups raise traffic concerns as Yebu gate reopens
The Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in ...
Urban FMCG market rising as rural market sees lower growth
2016’s GDP reaching 6.21 per cent fell short of the target of 6.5 per cent but CPI was controlled at 2.67 per cent, lower than the targeted 3-4 per cent. Retail sales of consumer goods also maintained double digit growth, at 10 per cent on ...
