News
Japan's Daiwa to buy into Myanmar internet provider
Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the ...
US initiates anti-dumping investigation on VN’s polyester
he US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Việt Nam.These investigations are based on petitions filed by DAK Americas ...
The next chapter for the Trans-Pacific Partnership
The future of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement. The TPP was the economic arm of ...
Demarcation complete, Luang Prabang eyes investment to push SEZ project ahead
Development of a US$1.2 billion special economic zone (SEZ) in Luang Prabang province has faced delays attributed to project demarcation now completed while its developer seeks further investment and financial backing. The plans for the zone include a 23-storey building, schools, hospitals, shopping centre, bank, ...
China’s squeeze on capital outflow felt in Cambodia
Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects.Read more ...
Human traffickers continue targeting young Lao
Thousands of young people including local factory workers have been lured into the trap of human trafficking, experts in the field have highlighted. Lao Federation of Trade Unions (LFTU) has called for governments in the region, notably those in Mekong Sub-region to work harder in ...
Gov’t: public should be consulted on coal power
The government is currently streamlining its policy for the power sector to ensure the country’s energy security and coal can be one of the options, according to Daw Mi Mi Khaing, director general of Department of Electric Power Planning under the Ministry of Electricity and ...
Land-locked Laos on track for controversial China rail link
Construction of a 414 km railway line linking China to mainland Southeast Asia through Laos is underway in Phonesai village, about 30km north of Luang Prabang, the country’s ancient former capital and modern-day tourism center. A workers’ dormitory has been built under a banner in ...
A wetland laid to waste
Fires tore through the Tonle Sap wetlands last year, destroying an estimated third of the seasonally flooded forests that surround the lake. The loss of the trees, which are breeding grounds for freshwater fish, poses an existential threat to the area’s ecology and to the ...
Illegal logging a perennial problem in Vietnam despite premier’s order
Natural forests in Vietnam continue to fall victim to illegal logging, despite orders from the prime minister to shut down access to at-risk areas last year. Following a directive from PM Nguyen Xuan Phuc in late June 2016, local authorities are no longer permitted to ...
