News
PTTEP to bid for Bongkot gas field
PTT Exploration and Production said on 1 June that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant ...
E5 biofuel misses sales targets
The popularity and consumption of E5 bio-fuel remained below the government’s expectations due to inadequate support with regard to lowering its prices and ensuring supply. Nguyễn Phú Cường, director of the Ministry of Industry and Trade’s Science and Technology Department, recently said that RON A92 would ...
Shrimp exports to S Korea to rise
Exports of Việtnamese seafood products to South Korea are expected to increase strongly this year thanks to the free trade agreement between the two countries that took effect last December, according to the Korea Fishery Trade Association. Under the FTA, Korea has committed to clear taxes ...
Private sector urged to take advantage of investment tax incentive in second half
The Thai Finance Ministry on 1 June urged the private sector to begin making serious investments in the second half before the double tax deduction for expenses is discontinued by year-end. The ministry has amended the conditions for the double deduction, allowing projects that might not ...
More Japanese investors heading to Laos
More and more Japanese companies are coming to invest in Laos given that the country is integrating with the region and the world and is improving its investment climate. As of May 2016, the number of Japanese companies in Laos had climbed to 132 which is ...
Ministry cracks down on fishery products
The Ministry of Agriculture and Rural Development of Vietnam has asked for tighter management of fishery products amid warnings by major import markets on food hygiene and safety standards of aquatic products. The ministry asked for enhancing disease prevention and violations in the use of chemicals ...
Dozens of Myanmar fishermen released from prison in India
Over 100 Myanmar fishermen arrested in the Andaman Sea arrived at Yangon International Airport yesterday, after being imprisoned for years in India for fishing in its waters. “I have been jailed for over five years at Port Blair Prison,” said Ko Zaw Lin Aung, who grew ...
Part suppliers ask for more funding
A shortage of capital support for the part supplying industry is hindering the development of the sector, which is crucial for the country’s economic development, participants at a forum said. Financial expert Cấn Văn Lực said funds that supported small- and medium-sized enterprises, science and technology ...
Customs pressures exporters to register with GDT
Cambodia’s Customs Department announced on May 27 that it would stop processing paperwork for import and export companies, and halt cross-border activity if they fail to meet today’s deadline for online tax registration. For companies that had yet to receive an official value-added tax licence by ...
Asia stocks sag as oil slip dampens sentiment, dollar stalls
Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private ...
