Economy and commerce
Trade
Booming Southeast Asian vehicle sales drive urban congestion
Vehicle sales in Southeast Asia are set to outpace all other regions of the world during 2017, according to industry research, highlighting surging economic expansion in some parts of the region. But the growing number of new cars and trucks in urban centers is likely ...
'TPP 11' are working to save the trade deal, but members remain far apart
The remaining members of the Trans-Pacific Partnership trade deal showed at least some level of unity in a statement May 21, but the outlook for a “TPP 11” version of the trade pact after the U.S. bailed on the deal looks hazy as gaps remain ...
Laos, Thailand agree on master plan
Thailand and Laos have agreed to draw up a a five-year master plan to double the value of bilateral trade and investment to US$10 billion (Bt344 billion) by 2021. Deputy Prime Minister Somkid Jatusripitak announced the deal on May 24 after an official meeting with Laotian Deputy ...
Mango exporter fights for market share
While Cambodian mango varieties such as Keo Romeat are well regarded in overseas markets, there are constraints which need to be addressed before large scale exports can be achieved, said the owner of the largest agro-industrial company in Cambodia on May 24. Mong Reththy, owner and ...
Cross-border crimes in cross-hairs as ASEAN enhances cooperation
ASEAN member states and dialogue partners have committed to enhance their cooperation efforts in combating transnational crimes in a bid to maintain the security at and across borders in the ASEAN region. The 17th Senior Officials Meeting on Transnational Crime (SOMTC) and its related meetings ...
Govt takes step to develop Vung Ang seaport
The government has instructed relevant sectors to study the establishment of a Lao joint state-private company to join its Vietnamese counterpart to develop a seaport in Vietnam, the government spokesman has said. The instruction was made at the two-day monthly cabinet meeting for May that closed ...
Laos, Thailand boost trade, investment cooperation
High ranking Lao and Thai officials met in Vientiane on May 24 to discuss increased cooperation across different sectors in order to promote trade and investment between both nations. Laos was led by Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, while Thailand by Deputy ...
Why Vietnam is all in for TPP11
Trade ministers from the 11 remaining countries in the Trans-Pacific Partnership, after the U.S. withdrew, agreed in Hanoi on Sunday to promote the so-called TPP 11 trade liberalization deal. Vietnamese Trade and Industry Minister Tran Tuan Anh, who chaired the meeting, declared that the 11 ...
China and Myanmar to set up border economic cooperation zone
A join-committee for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and ...
MIC green-lights Nga Yoke Kaung offshore supply base
A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission, Myint & Associates Offshore Supply ...
