News
Thailand evokes Temasek as Junta tries to revive state firms
Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises. A law to boost the governance of such firms and enable the creation of the holding company may ...
Cargill invests $50m in Thai facility
US-based Cargill is investing US$50 million to expand its poultry-processing operations at its facility in Nakhon Ratchasima province. The expansion will create 1,400 new jobs and add to the more than 13,500 people the company currently employs across 14 locations in the country. Cargill will engage ...
Stanchart: PH economy on track to beating ASEAN counterparts
Despite external headwinds, the Philippines is expected to grow the fastest among ASEAN economies until next year on the back of robust domestic demand and strong services exports, Standard Chartered Bank said on November 24. “The Philippines’ domestic growth engine is firing on all cylinders, ...
Trump sinks Asia trade pact, opening the way for China to lead
An ambitious Asia-Pacific trade pact linking the United States and 11 countries lay in tatters on November 22 after U.S. President-elect Donald Trump said he would kill the deal on his first day in office on Jan. 20. Trump’s statement appeared to open the way for ...
New fertiliser venture aims to satisfy growing demand
Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations on November 21 with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices. Cambodia’s Bayon Heritage Holding Group Co Ltd holds a 60-percent stake in the $2.2-million joint venture with partner ...
US President-elect Trump vows to withdraw from TPP on first day in office
US President-elect Donald Trump announced on November 21 that he will withdraw the United States from the Trans-Pacific Partnership on his first day in office. “I’m going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” ...
Vietnam to host APEC gathering in 2017
As the APEC leaders’ meeting wraps up in Peru, attention now turns to Vietnam, hosts of next year’s APEC. “It’s ten years since the last time Vietnam hosted APEC, and a lot has changed with the country since then. In the last six or seven ...
Protest seeks K5600 minimum wage
More than 2000 factory workers staged a protest this weekend in Yangon’s Hlaing Tharyar township, demanding that the government increase the daily minimum wage in light of rising costs of living and inflation. “Unless something is done to stop increases to living expenses, soon workers ...
PM urges Hòa Bình to improve investment environment
Prime Minister Nguyễn Xuân Phúc has urged the northern province of Hòa Bình to improve its investment environment so it can attract investors. Addressing a local investment promotion conference on November 19, the Prime Minister said Hòa Bình enjoys many advantages, such as its location ...
State spending trusted to boost GDP
Despite muted sentiment in the fourth quarter, the government is highly confident the economy could end this year with an estimated growth of 3.2-3.3%. Deputy Prime Minister Somkid Jatusripitak said accelerated state spending on infrastructure projects and growing tourism will shore up economic growth in ...