News
Kazakhstan President’s Special Envoy visits Cambodia, Laos
Kazakhstan’s Special Envoy of the President and Deputy Foreign Minister Askar Mussinov visited Association of Southeast Asian Nations countries Cambodia and Laos 12-13 August in the framework of promoting his country’s bid to secure a seat as a non-permanent member of the United Nations Security ...
Thailand’s Mekong water-diversion plan raises concerns
The Thai government’s statement in late July that it is considering bringing water from the Mekong, Moei and Salween rivers to farmland to nine of its provinces has raised major concerns. The water diversion has been described as a move to ‘extract blood from the Mekong’s ...
Vietnam's steel output reaches highest in a decade
Building steel output in July reached 613,000 tonnes, posting 51.5 per cent increase over the same period last year and marking the record high in the past 10 years, said the Vietnam Steel Association. Keep reading ...
HCM City speeds up work on special economic zone
The HCM City administration has instructed relevant agencies to finalise plans for the establishment of a special economic zone encompassing districts 7, Binh Chanh, Nha Be, and Can Gio. Keep reading ...
Remittances to Ho Chi Minh City hit $2.42 bil in Jan-July
Overseas remittances to Ho Chi Minh City rose 12 percent year-on-year in the first seven months thanks partly to an increased interest in the property market from overseas Vietnamese, local media reported. Keep reading ...
AIIB awaits Thai approval
Thailand’s investment of 48.68 billion baht in the China-led Asian Infrastructure Investment Bank (AIIB) will seek approval soon from the National Legislative Assembly. Keep reading ...
Tourism an immediate casualty
Business leaders believe the explosion at the Ratchaprasong intersection will hurt tourism but expect the overall negative effect on the economy will be more psychological and short term. Supant Mongkolsuthree, chairman of the Federation of Thai Industries, said tourism would be the sector hit hardest by the horrific ...
Shanghai shares plunge another 5%
Shanghai shares fell more than 5% on 19 August, extending their largest daily fall in more than three weeks on concerns of waning government support. The benchmark Shanghai Composite Index dropped 5.04%, or 188.74 points, to 3,559.42 during the morning session. Keep reading ...
Vietnam devalues dong by 1%
Vietnam on 18 August devalued its currency by 1% following the devaluation of the Chinese yuan and a possible US interest rate increase. Keep reading ...
Laos granted $32.4m to improve power grid
Laos has been granted funding worth $32.4 million to boost its electricity network. The government has signed an agreement with the World Bank for the Power Grid Improvement Project. Keep reading ...
