News
Trading estates prepared to ward off impending floods
The industrial sector is bracing for floods over the next several weeks and is relying on major reservoirs and flood prevention measures to safeguard industrial parks. The Meteorological Department has warned that a low-pressure system will hit several regions of Thailand. “This weather pattern is ...
Gov’t scoops up more mining revenue
In the first eight months of the year the Ministry of Mines and Energy has already surpassed its annual target for non-tax revenue collection from sand dredging and construction material-related mining operations, collecting 117 percent of the $6.6 million outlined in the 2016 national budget, ...
BMA district offices told to clear sluice gates to tackle floods
Bangkok Metropolitan Administration offices in the districts of Don Muang, Lak Si, Sai Mai, Bang Khen and Chatuchak were told to remove obstacles that blocked water drainage via the Bang Khen, Bang Pho and Bang Sue sluice gates, deputy governor Amorn Kitchawengkul said on October 5. These ...
World Bank forecasts 7.8% growth in Myanmar this year
The World Bank has predicted strong economic growth in Myanmar through the 2016-17 fiscal year, ending in March. In its growth outlook for “developing East Asia and Pacific” for 2016-18, released on October 5, the World Bank projects growth in Myanmar to hit 7.8 percent for the ...
Hanthawaddy airport agreement in final stage
A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Yangon, according to a government minister. U Thant Sin Maung, Myanmar’s Minister for Transport and Communications, told lawmakers ...
Flooding remains severe in HCMC despite huge investment
HCMC is struggling with worsening flood issues despite huge spending on anti-flood projects over the years, said a recent conclusion signed by chairman Nguyen Thanh Phong on illegal land reclamation on the city’s drainage systems. A lot of streets in the city are submerged after heavy ...
Growth to continue but economy faces significant risks
Economic growth in Laos will remain buoyant however the region still faces significant risks to growth, according to a new World Bank report. The outlook of the Lao economy remains favourable overall but with increasing downside risks GDP growth is projected to remain at around seven ...
‘Footloose’ garment sector continues to drive growth
Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...
‘Thailand 4.0’ should get GDP growth up to potential, World Bank says
The World Bank believes Thailand should be able to achieve long-term annual economic growth of 4-5 per cent if the government can successfully push through its “Thailand 4.0” model. The new economic model would help draw private investment, the Bank’s economist for Thailand, Kiatipong Ariyapruchya, ...
Businesses still struggle with administrative procedures
Vietnam has made some strides in administrative reform but local enterprises are still grappling with administrative procedures relating to taxes, sub-licenses and inspections, heard at a meeting between National Assembly deputies and businesses on October 3. Aside from capital, market and technology, the business community needs ...
