News

PM outlines measures to drive growth, curb spending

Prime Minister Thongloun Sisoulith on December 20 instructed authorities to ensure the macro-economy was stabilised along with improving the investment climate as key factors to attract investment and drive growth. The premier gave the advice during a two-day meeting that ended yesterday. The meeting was convened ...

Affordable housing projects affected as funds dry up

In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar ...

CPF acquires China's Cofco Meat Suqian

In its latest big buy, Charoen Pokphand Foods Plc, the SET-listed flagship of agribusiness giant Charoen Pokphand Group, has acquired Cofco Meat Suqian for 976 million baht. Through Chia Tai China Investment Co, an indirect subsidiary of CPF in China, CPF will also take over ...

Central bank orders lenders to step up lending in riel

Cambodian microfinance institutions have said they would comply with a new regulation issued by the central bank that requires them to hold at least 10 percent of their loan portfolio in the Kingdom’s national currency. A prakas published by the National Bank of Cambodia on ...

What does the possible end of the TPP mean for the Mekong Delta projects?

China and Japan remain committed to the region; matter of time before private investment picks up. The future of the U.S.-led Trans-Pacific Partnership agreement looks increasingly unlikely to progress in the wake Donald Trump’s U.S. election victory. And Vietnam, once touted as one of the ...

Thai banks bullish on Vietnam even if Trump scraps TPP

Thai banks in Vietnam believe a large labour force and low wages will still be magnets for trade and foreign direct investment in that country even if the Trans-Pacific Partnership is scrapped in line with US President-elect Donald Trump’s policy. Vietnam is among the 12 Pacific ...

VN firms invest in textile, dyeing

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...

Coca-Cola opens new $100M plant at capital economic zone

Global beverage giant Coca-Cola officially inaugurated its new $100 million Cambodian production facility on December 5, significantly increasing its local bottling capacity while bolstering the confidence of foreign investors. The 25,000-square-metre factory, situated on 12.5 hectares in the Phnom Penh Special Economic Zone on the ...

Myanma railways to ramp up carriage production next year

A new Myanma Railways passenger carriage factory built with Chinese help is expected to be up and running by the end of the next financial year, according to the factory’s general manager. The new Myit Nge factory is being built on a 27-acre plot some ...

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