Economy and commerce
Trade
Struggle with changes as Thai firms venture abroad
In the last three years, Thai conglomerates have made significant acquisitions abroad, mostly in the Asia Pacific as well as in the US. In 2014, Thai firms invested almost $4 billion in other Asian countries, more than double the figure in previous years, according to ...
Somkid woos investors from China
Deputy Prime Minister Somkid Jatusripitak has told Chinese investors that political tensions in Thailand will decline by the middle of next year after the country holds a general election. Meanwhile, the government aims to attract further investment from China and elsewhere with extra incentives and ...
Vietnam stock exchange to be based in HCM city
“The Vietnam Stock Exchange to be based in HCM City is within the Government’s goal of quickly turning HCM City into the country’s largest financial center,” Tran Dac Sinh, Chairman of the Management Board of the HCM City Stock Exchange, told business news site Bizlive. As ...
Observers urge Govt to create new export markets, boost trade volume
A recent World Bank report says that trade growth in Myanmar could reduce poverty and boost prosperity, but local observers say in order for that to happen the government must implement economic policies that increase export markets. The Myanmar Diagnostic Trade Integration Study released last week by the ...
Garment industry moves to weather possible Brexit influence
Vietnam’s garment-textile industry has already taking possible Brexit influence into accounts while conjuring up measures to weather its possible negative impacts. Vietnam’s garment exports to the EU account for approximately 20 percent of the total volume with the UK contributing around 4 percent. Vu Duc Giang, Chairman ...
New restrictions aim to curb rice imports
Cambodia’s Ministry of Economy and Finance announced on 27 June that the government will block all illegal rice imports at its borders and limit legal rice shipments from Vietnam based on production cost. As part of the new regime, only milled rice with a production cost of ...
Laos, Cambodia to develop land links, trade and investment
Laos and Cambodia have agreed to continue to strengthen cooperation and to develop land links to enhance trade and investment between the two nations. The plans arose from a meeting between Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen when Mr Thongloun visited Cambodia ...
Mekong Delta urged to step up paddy farming
The Ministry of Agriculture and Rural Development has called for provinces in the Mekong Delta to expand paddy farming in areas with favorable weather conditions given positive projections for outbound sales of the staple food later this year. With positive market forecasts by the VFA, Deputy ...
Vietnam in danger of losing shrimp export markets
Vietnamese seafood exporters are scrambling to buy raw materials to compete with Chinese businesses to fulfill export contracts. Local newspapers quoted sources as reporting that shrimp processing workshops in Mekong River Delta are now running at just 50-60 percent of capacity because of the lack of ...
Tokyo stocks dive more than 8% on Brexit shock: report
Tokyo stocks went into a hair-raising dive on Brexit fears, plunging more than 8 per cent Friday (Jun 24), as major firms’ shares including Toyota and mobile carrier SoftBank went into freefall.The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped as much as ...