Economy and commerce

Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”.  During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech ...

The Nation is this year naming not one, but two individuals as its “Businessman of the Year” – Natavudh “Moo” Pungcharoenpong and Ruangroj “Krating” Poonpoa, the co-managers of 500 TukTuks, the most active venture-capital fund investing in start-ups in Thailand.  This is in recognition of ...

Electricity of Việt Nam on December 20 inaugurated the Lai Châu hydro-electricity plant in Nam Nhun District in the northern mountain province of Lai Châu. The plant has begun operations one year ahead of the National Assembly’s resolution. The VNĐ35.7 trillion (US$1.6 billion) plant has ...

Palm oil production in Indonesia often comes at the expense of traditionally managed lands as well as the livelihoods of indigenous communities, causing widespread conflict in the archipelago country. With oil palm cultivation set to double in Indonesia over the next 10 years, methods for understanding ...

Indonesia cannot be held liable for $2 billion in compensation sought by Churchill Mining for the revocation of a coal-mining concession, the World Bank’s International Centre for Settlement of Investment Disputes ruled in a Dec. 6 verdict. The tribunal determined that Churchill’s claim to the ...

SET-listed Electricity Generating Plc (Egco) said its latest 80-megawatt wind farm in Chaiyaphum province has started commercial operation, helping to generate more revenue for the company as well as support renewable energy. President and chief executive Chanin Chaonirattisai said the power plant has total contracted capacity of ...

The forestry sector will protect, develop and sustainably use existing forest areas and land fund for forest development with a view to raising the country’s forest coverage to 47.25 percent in 2017. This is one of the focal tasks of the sector during 2017 put ...

An environmental impact assessment released on Friday for a $245 million mining project slated to begin operations in Mondolkiri province next year has raised concerns about its potential effects on the environment and local communities. The project, proposed by the Chinese-owned Alex Corporation, would see ...

When Thailand’s junta leader-turned-prime minister used his absolute power to suspend gold mining, causing an Australian miner’s shares to plummet 19% in a single day, he complicated efforts to attract foreign investors already spooked by military rule. Prime Minister Prayut Chan-o-cha announced the order last ...

The National Food Institute says it plans to push Thailand to be among the top five food exporters within the next 20 years, with value rising to 6 trillion baht, says Nuttapon Nimmanphatcharin, the institute’s vice-president. Thailand ranks 13th among food exporters, with a value of ...