Industries
FTI chairman expects GDP growth near 3% on stimulus
The chairman of the Federation of Thai Industries (FTI) is confident that gross domestic product (GDP) will grow by nearly 3 per cent this year from the government’s expected injection of around Bt200 billion into the economy this quarter and the rebound of the tourism sector after ...
YCDC outlaws extensions to public housing
Residents at Yangon’s affordable housing projects will be punished if they attempt to enlarge their apartments by building extensions. Keep reading ...
Vietnam steel association wants fewer plants as supply surplus hurts industry
The Vietnam Steel Association has urged authorities not to go ahead with 27 planned steel plants since local output is already more than twice the demand. Some of the planned plants have not been started while others have proved impractical or are using outdated technology. Keep reading ...
Four international airports need to be built in Laos
Laos will need to build four new international airports as the existing four of Wattay, Luang Prabang, Savan and Pakse will be unable to accommodate growing air transport in the coming decades, a minister told the cabinet. Minister of Public Works and Transport Dr Bounchanh Sinthavong ...
Japan's Sapporo buys out its Vietnamese beer venture: report
State-owned tobacco company Vinataba has sold out its 29 percent stake in Sapporo Vietnam to Japanese parent Sapporo Holdings, news website VnExpress reported on 4 October. Keep reading ...
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
Made in Vietnam: Should Samsung be treated as a local company?
On the sidelines of a conference at the end of July, Samsung Vietnam CEO Myoung-Sup Han told the press that his company hopes to be treated as a local business soon, instead of a foreign investor. He said every year Samsung makes huge contributions to Vietnam’s ...
Garment, textile firms face tough, bigger rivals
Several Vietnamese garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex). Nghi, speaking at a conference entitled “Garment and Textile – Opportunities and Challenges”, focusing on integration and held ...
Bid to give Thailand property market a lift
The Finance Ministry proposes to cut the transfer and mortgage fee to 0.01 per cent of the appraised value for a period of six months to one year as part of the government’s stimulus measures for the property sector. The ministry also plans to relax lending conditions ...
Unions balk at floated figure
Garment worker unions on 30 September decried a preliminary, government-suggested increase to the minimum wage as being far too close to what they perceive as a lowball offer from employers. As tripartite wage talks continue, unions said officials from the government’s Labour Advisory Committee had on 29 ...
