News
Pattaya floods
Tropical depression Vamco pounded many areas of Thailand, especially the eastern region, with rain and gusty winds on 16 September. In Pattaya, pumps were brought in to battle the sudden flood and people were evacuated to safety. The storm was downgraded to a low pressure ...
Vietnam builds a $1.7 billion port, and now it lies waiting for ships
More than six years since its opening, a VND40-trillion (US$1.75 billion) deep-river port complex in the southern province of Ba Ria-Vung Tau is still struggling to reach its designed capacity. Statistics from the province’s transport department showed that a total of 1.16 million TEUs were handled ...
Rice exports: It’s time for the “giants” to leave
Rice exports seem to be the playground of big State-owned corporations, which are able to impose unfavorable conditions on others, especially farmers. The export floor price for rice is stipulated in Decree 109/2011/ND-CP, which is determined under the guidance of the Vietnam Food Association (VFA) based ...
China, Vietnam vow to promote economic ties
Visiting Vietnamese Deputy Prime Minister Nguyen Xuan Phuc said on 17 September that Vietnam will strive to develop balanced and sustainable trade with China. Chinese enterprises are encouraged to increase investment in infrastructure and interconnectivity projects in Vietnam, said Nguyen Xuan Phuc at the China-Vietnam Economic and ...
Survey finds Thai government doing poor job publicising economic plans
Largely clueless about the government’s economic plans, a majority of the Thais believe officials should go on the road to publicise their initiatives to reignite the economy, a poll released on 17 September concluded. The survey of 1,200 people nationwide by the University of the Thai Chamber ...
Thai marine police claim 'self defence' in firing on Vietnamese fishermen
Thai maritime police said they opened fire on a Vietnamese fishing boat while trying to intercept another vessel in waters near Malaysia last week, a clash Vietnamese state media said killed a fisherman and wounded two others. Officials from the two countries were quoted on 16 ...
World Bank offers funds for Myanmar's national power plan
The World Bank approved an interest-free loan to Myanmar of US$400 million on 16 September to aid the country’s ambitious National Electrification Plan and its goal of ensuring nationwide access to electricity by 2030. In a statement issued on Wednesday, the Bank said the loan would assist expansion ...
With official help, radical Buddhists target Muslim businesses
Myanmar’s Muslim minority make up about 5 percent of the country’s predominantly Buddhist population and Muslims living in the delta rely heavily on the slaughterhouse business and the beef trade. Now Muslim businesses have become the target of anti-Islamic sentiment propagated by radical Buddhists who have found ...
Capital’s port on course for IPO
Cambodia Securities Exchange (CSX) will hold a meeting next week to review the submitted financial statements of Phnom Penh Autonomous Port, Cambodia’s second-largest port, and to consider its eligibility to list and trade its securities on the stock exchange, a CSX official said on 16 ...
Koreans, Kok An face off in land dispute
A tense stand-off between staff from a South Korean development firm and representatives of tycoon and ruling party Senator Kok An took place in northern Phnom Penh on 16 September, over what the Korean company says is an attempted land grab. More than 20 Korean and ...
