Economy and commerce
Yangon flood losses top K11 billon
Yangon is at greater risk than many other parts of the country to natural disaster, said Yangon Region Chief Minister U Myint Swe. Flooding in 14 of the region’s townships caused losses of more than K11 billion (US$8.5 million) this year, he said. Keep reading ...
Port gets green light to list on Cambodian stock exchange
The Securities and Exchange Commission of Cambodia has given the Phnom Penh Autonomous Port preliminary approval to make an initial public offering on the country’s fledgling bourse, which the state-run firm expects to join in early December. Should it succeed, the port will be only the ...
Thailand, ADB join hands for Mekong subregion development
The Asian Development Bank (ADB) and Thailand signed a memorandum of understanding on 15 October, aiming to support economic development programmes mainly in countries along the Greater Mekong Subregion. Keep reading ...
Vietnam's economic growth dampened by company shutdowns, trade deficit
Vietnam has pulled off an impressive feat this year, bucking a global slowdown trend to post an economic growth of 6.5 percent in the first nine months. But some senior legislators have said the strong growth might not be sustainable, considering the large number of companies ...
Vietnam government to sell its stakes in 10 major companies
The government has announced it will sell out its stakes in 10 companies including dairy giant Vinamilk and information technology leader FPT. Keep reading ...
Property measures pass
The Thai cabinet approved three tax packages on 13 October aiming at reviving the flagging property sector, stimulating start-ups and rebuilding investor confidence. Finance Minister Apisak Tantivorawong said the property stimulus covered both financial and fiscal measures such as cuts in the housing transfer and mortgage fees for homes priced ...
Vietnam, Laos border trade agreement passed
The Vietnamese Government has approved the border trade agreement between Vietnam and Laos, which was inked on 27 June 2015 in the central province of Nghe An.The agreement is expected to create a legal basis for boosting bilateral trade in line with the two countries’ ...
Thai 20% corporate tax rate made permanent
The cabinet has made the temporary 20% corporate income tax rate permanent to instil confidence in investors and maintain Thailand’s competitiveness, according to Deputy Prime Minister Somkid Jatusripitak. Keep reading ...
Up to 7.4m Chinese tipped to visit Thailand throughout this year
As many as 7.4 million Chinese are expected to visit Thailand throughout this year, confirmed a high-level tourism official on 12 October. Keep reading ...
Yangon real estate enters election shutdown
Real estate agents in Yangon say the property market has fallen totally silent over the past week, with almost no deals signed. While sales have continued to slow since the start of the year, there has been no buying and selling whatsoever over the past week, ...
