News
Industry development level low
Nguyen Chi Sang, director general of the National Research Institute of Mechanical Engineering, speaks to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the need for workable policies. How do you assess our industrial development, particularly in engineering? Looking back at the development ...
Asia dominates rankings of most expensive cities
Asian cities such as Singapore and Tokyo were the most expensive worldwide for residents in 2016, as currency appreciation drove an increase in the general cost of living. The Worldwide Cost of Living research, conducted semiannually by The Economist Intelligence Unit, found that half of ...
Indonesia's Siloam plans to double number of hospitals
Indonesia’s Siloam International Hospitals aims to double the number of its hospitals to 50 by 2019. The country’s largest hospital operator expects to expand into remote areas, including the island of New Guinea, now that a universal health care system has been introduced, allowing low-income ...
The key to successful elections in Timor-Leste: professional security forces
The big day has finally arrived for voters all across Timor-Leste and, for the first time since the restoration of independence in 2002, for Timorese also living in Australia and Portugal. According to the electoral administration body STAE, there are 747,583 Timorese voters registered to ...
Ranger station razed by mob
A mob of some 60 men burned down an environmental ranger station inside Mondulkiri’s Keo Seima Wildlife Sanctuary on Friday, allegedly as revenge against rangers who had previously stopped them from clearing forest, an official said yesterday. Keo Sopheak, provincial environmental department director, said the ...
Microlender in monster deal
Hong Kong financial giant, The Bank of East Asia and Sri Lanka’s LOLC announced on March 17 that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution by assets, in what could be the largest acquisition of a Cambodian lender to ...
Problem of producing cheap biofuel from cassava solved
The state’s research agency and energy policymakers have finally discovered a way to produce biofuel from cassava at a competitive cost, says a senior Energy Ministry official. Previously the use of cassava in ethanol production was not viable despite the abundance of the shrub, because ...
New airline launches in Cambodia
JC International Airlines officially launched in Cambodia on March 18, bringing the number of local airlines to five. JC International Airlines CEO Dongyan Huang said the airline was registered as a local company with an investment capital of $50 million. She said the airline has ...
SteelAsia offers to revive defunct National Steel
To ride the infrastructure boom, SteelAsia Manufacturing Corporation has offered to acquire the mothballed National Steel Corporation in Iligan city. SteelAsia is the largest reinforced steel bar maker in Southeast Asia, while NSC was once the largest steel mill in Asia until it failed to ...
Denmark prohibits companies from selling Myanmar teak on European Union markets
Denmark last week placed an injunction on all Danish companies that prohibits them from selling teak imported from Myanmar on European markets. The ruling comes after evidence that Danish timber company Keflico had violated the European Union Timber Regulation was brought to light by the ...
