The Nation
Group Lease strengthens ties with Sri Lankan financial group
SET-listed microfinance company Group Lease plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. GL on September 7 signed a ...
B Grimm Power delays listing plan over change in accounting
B Grimm Power will postpone to next year its plan to list on the stock market because of a change in accounting standards, said company president Preeyanart Soontornwata. She said the new standards affected B Grimm Power’s plan for an initial public offering as it ...
Cabinet approves Gold Line monorail
THE Bt3.8-billion Gold Line monorail project for western Bangkok along the Chao Phraya River was given the green light by the Cabinet on September 6, with the line expected to be in service in 2018. The elevated monorail line is 2.7 kilometres long, stretching from ...
ASEAN and China to focus on RCEP
ASEAN and China intend to cooperate in production capacity as well support the finalisation this year of the Regional Comprehensive Economic Partnership. Commerce Minister Apiradi Tantraporn said last week that a statement on the cooperation will be issued at the ASEAN Summit in Vientiane, which takes place ...
Egat insists on going ahead with Thepa plant
Construction of the Thepa coal-fired power plant is set to begin in the second quarter of next year, the Electricity Generating Authority of Thailand said, even though many locals have refused to sell their land despite facing threats. Egat has so far insisted that it will ...
China, ASEAN ‘need fast RCEP deal’
ASEAN’s trade relationship with China has reached a crucial turning point with the latest 2015 figures showing a 3-per-cent contraction, making it necessary to quickly conclude the Regional Comprehensive Economic Partnership agreement, according to a top Chinese think-tank. Zhang Yuyan, director of the Institute of World ...
Shan community groups want Salween dams scrapped
Representatives of Shan communities have expressed serious concerns on the ongoing plan to construct a series of hydropower dams on the Salween River, saying many areas are still plagued with ongoing fighting between minority groups and the government. Shan State Rivers Network’s coordinator Sai Khur Hseng ...
Myanmar told to exploit more solar, wind resources
Myanmar is moving to exploit solar and wind energy, but experts said such attempts must be stepped up to smoothen the country’s development. Soe Soe Ohn, director of the national electrification project at the Rural Development Department, said solar energy offered high potential particularly in rural ...
Economic corridor transport projects expected to go to Cabinet soon
Deputy Prime Minister Somkid Jatusripitak expects to propose the transport-system projects to serve the planned East Economic Corridor to the Cabinet in October. “If these projects are proposed to the Cabinet, they will go ahead swiftly, early next year. I’d like to see the East Economic ...
Myanmar green energy sector faces hurdles
Myanmar’s goal of achieving a 100 per cent electrification rate by 2030, with 20 per cent of energy from renewable sources, is achievable but several hurdles need to be tackled first, energy experts have said. At the Myanmar Green Energy Summit 2016 last week, panellists agreed ...
