Economy and industry

This private university is accepting rice for tuition fees

A private university in Thailand has begun accepting rice in payment for tuition fees as the nation struggles under a grain glut that’s hurting farm incomes. Students enrolled at Rangsit University in Bangkok’s northern suburbs can pay all or part of next semester’s costs with ...

New cranes to raise Sihanoukville port’s capacity

State-owned Sihanoukville Autonomous Port received its first shipment of four new rubber-tyred gantry cranes from Japan this week under a $22 million investment plan that aims to expand the seaport’s container throughput capacity by 80 percent, a port official said on December 20. “We received ...

BASF plant to produce construction chemicals in Myanmar

Germany’s BASF is building a plant in Myanmar to produce chemicals for the booming domestic construction industry, and to fill a need for more advanced materials. “As Myanmar’s construction industry grows more sophisticated in its scope, which includes high-rise buildings, roadways and bridges, the requirement ...

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 ...

Vietnam, Cambodia want to consolidate ties: PMs

Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”.  During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech ...

Digital TV operators welcome govt help

PM uses Article 44 to change repayments, state agencies’ return of spectra to NBTC. Prime Minister General Prayut Chan-o-cha on December 20 invoked the special power under Article 44 of the Interim Charter to issue relief measures for digital-TV operators, who have faced business difficulties for problems ...

Co-founders of 500 TukTuks shine

The Nation is this year naming not one, but two individuals as its “Businessman of the Year” – Natavudh “Moo” Pungcharoenpong and Ruangroj “Krating” Poonpoa, the co-managers of 500 TukTuks, the most active venture-capital fund investing in start-ups in Thailand.  This is in recognition of ...

Lai Châu hydro-power plant inaugurated

Electricity of Việt Nam on December 20 inaugurated the Lai Châu hydro-electricity plant in Nam Nhun District in the northern mountain province of Lai Châu. The plant has begun operations one year ahead of the National Assembly’s resolution. The VNĐ35.7 trillion (US$1.6 billion) plant has ...

Study maps 187 land conflicts as palm oil expands in Kalimantan

Palm oil production in Indonesia often comes at the expense of traditionally managed lands as well as the livelihoods of indigenous communities, causing widespread conflict in the archipelago country. With oil palm cultivation set to double in Indonesia over the next 10 years, methods for understanding ...

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