News

Vietnam hopes for deepened ties with Japan: PM

Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...

Details of Kingdom’s first double taxation agreement released

In what could be Cambodia’s biggest step forward into the ASEAN Economic Community in terms of taxation deals and fiscal transparency, details on Cambodia’s first bilateral double taxation agreement (DTA) with Singapore have been released. Mey Vann, director of financial industry at the Ministry of Economy ...

ASEAN officials discuss minimum labour standards

President of the Lao Federation of Trade Unions, Mr Pan Noymany, highlighted the issue at the 2nd Validation Forum on ASEAN Minimum Labour Standards held in Vientiane on 26 May having reaffirmed its commitment to work with the trade union organisations of ASEAN countries to share experiences ...

Chevron mulls gas field stake sale amid concessions rejig

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

Govt revamps illegal fishing command hub

Thailand government has ordered a restructuring of the Command Centre to Combat Illegal Fishing with Agriculture and Cooperatives Minister Chatchai Sarikulya replacing navy chief Na Areenij as head of the center. Under the new structure, the Agriculture and Cooperatives Ministry, particularly its Fisheries Department, will be the ...

Government relocates Yangon squatters

The Yangon divisional government plans to relocate squatters and provide them with temporary housing, said Yangon Chief Minister Phyo Min Thein on 25 May at a press conference. He warned against trespassing and living on vacant, private or government land from 25 May onward, and said that people ...

Agro, food to spearhead Betagro

Betagro group is consolidating six business units into two to allow the agribusiness and food group to play a more prominent role in the regional and world markets. The six old business units were food, swine, poultry, regional, feedmill and animal health. The two new core ...

HCM City to be a start-up hub: Deputy Prime Minister

With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...

Vietnam's foreign investment surges to over $10 billion in Jan-May

Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136 percent from a year ago, according to new data. A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects ...

Drought relief campaign over: PM

The government’s emergency campaign to distribute water to some 2.5 million people affected by drought is over, Cambodia’s Prime Minister Hun Sen declared on 25 May, though for development partners and humanitarian groups, drought relief efforts continue. Humanitarian and disaster reduction manager for Save the Children ...

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