Economy and commerce
Forty Chinese banks found in violation of interbank rules
China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on Tuesday, citing a document. Read more ...
Big Four firm hails Belt and Road as a “global game changer”
A recent report from a multinational professional services firm praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the game. The report Repaving ...
LPG market wide open for competition
After more than three decades of government manipulation, liquefied petroleum gas (LPG) trading has been completely liberalised as of today, say industry officials and experts.Keep reading ...
Trat SEZ pinned as border hub
Thailand’s much-touted Eastern Economic Corridor (EEC) and a new special economic zone (SEZ) in Trat province are expected to become instrumental in bolstering trade not only to Thailand but also to Cambodia and Vietnam, business leaders from the two countries said at a cross-border trade ...
Japanese investment to bring jobs to nation's south
More Japanese investors are seeking to locate factories at Pakxe-Japan SME Specific Economic Zone in Champassak province in moves set to generate hundreds of jobs for Lao people. Approval of planned investments by the companies is expected between now and the end of this year, ...
Laos, United States parties strengthen cooperation, relations
Laos and the United States are moving forward in implementing the Joint Declaration on Comprehensive Partnership, signed by leaders last year. To fulfil this move, a delegation from the International Republican Institute (IRI) and the National Democratic Institute (NDI) are v isiting Laos on July ...
VN needs policies to boost digital economy: experts
Việt Nam needs to raise policies to boost digital economy, a stimulator to generate added value and breakthroughs for sustainable development, experts have said.Keep reading ...
Illegal imports investigated, PM outlines urgent efforts for August
Prime Minister Thongloun Sisoulith has told the cabinet to intensify efforts to counter the illegal import of more than 5,000 vehicles into Laos. The premier issued the directive at the government’s two-day monthly meeting for July that closed in Vientiane on Tuesday. It was previously ...
Petronas LNG supply in reach
PTT Exploration and Production Plc (PTTEP) is to secure the supply of liquefied natural gas (LNG) by purchasing a 10% stake in an LNG production resource of Malaysia’s national oil firm, Petroliam Nasional Berhad (Petronas), for US$500 million (16.7 billion baht).Keep reading ...
China calls for quick development of Sino-Thai rail link
A proposed high-speed railway linking southern China to Thailand’s industrialized Eastern Seaboard should be built “quickly” according to Wang Yi, China’s foreign minister, after a meeting on Monday with Prime Minister Prayuth Chan-ocha. “This Thai-China train project may face problems but the important matter is ...
