Industries
Should FIEs provide outbound tours? domestic travel firms say no
Some travel firms have expressed disappointment about the latest draft version of the amended Tourism Law, which removes the regulation on allowing foreign-invested enterprises to organize outbound tours. The current Tourism Law does not allow FIEs to provide the services. A hope arose among foreign travel ...
Hòa Phát to issue over 250 million shares
Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex. HPG will sell those shares at a price of VNĐ20,000 (US$0.8) per share, expecting ...
Rice farmers encouraged to plant maize after harvests
Low-land rice farmers will be encouraged to plant maize after rice harvests in an attempt to reduce high-land forest encroachment to clear land for maize cultivation. Agriculture Minister Chatchai Sarikalya said on Monday that, from his discussion with representatives of the animal feed manufacturers’ association, ...
Canada beats U.S. in pork sales to China - feet, elbows and all
Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada’s pork sales to China, after a sharp rise last year, exceeded ...
Vietnam manufacturing PMI drops to 51.6 in May
The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, fell to a 14-month low of 51.6 in May from 54.1 in April. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “Output and new orders each rose at much ...
Investor Chiba envisions 'Team Drone Japan' with new fund
Japan’s first investment fund focusing on drone-related startups begins operation in June, offering financial assistance and business management advice for budding entrepreneurs. Though the small, unmanned aerial vehicles are increasingly employed in various industries such as construction, logistics and tourism, Japanese companies have a weak ...
Japan's draft growth strategy forgoes far-reaching reform
Japan’s new strategy to stoke growth in key industries includes case-by-case regulatory exemptions to spur innovation, but the government’s piecemeal proposals lack the fundamental changes needed to re-energize the overall economy. Prime Minister Shinzo Abe’s government debuted the draft of its 2017 strategic growth plan Tuesday at a ...
China May factory PMI growth keeps pace with previous month
Growth in China’s manufacturing sector in May kept pace with the previous month, an official survey showed on Wednesday, beating expectations in a reassuring sign the world’s second-biggest economy is not losing too much steam after a solid first quarter performance. The official Purchasing Managers’ ...
PanaHome to kick off Indonesian housing business
PanaHome will launch an Indonesian residential business on the outskirts of Jakarta, the Japanese developer said Tuesday, seeking to take advantage of growing housing demand in the Southeast Asian nation. PanaHome will build and sell detached houses in Deltamas, a city being developed by Japanese ...
Oz offender ban may be felt in Cambodia
The Australian government on May 30 announced plans to ban those listed on the country’s national sex offender registry from travelling abroad – a plan that would nullify the passports of 20,000 offenders, including those who may be living or travelling in Cambodia. Australian Foreign Minister ...
