Economy and industry
Rangoon division parliament demands crackdown on drugs
On 14 June, more than a dozen National League for Democracy lawmakers in the Rangoon Division parliament demanded that authorities crack down on big-time drug dealers and smugglers in the city, who keep evading arrest, citing the worsening effect of drugs on Rangoon’s youth. “One of ...
Giant coal plant taking shape in Sihanoukville
Nearly half of a massive 700-megawatt coal-fired power plant with the $383 million joint venture project that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry ...
Hongsa-Chiangman road to be a boon for Nan
Opportunities in the tourism business in Nan, in the eastern part of the Northern region, will be highlighted once the 114-kilometre Hongsa-Chiangman Road is completed in 2018, making it a short cut to Luang Prabang in Laos. “There will be an opportunity to do business in ...
B Grimm sets Bt24 bn to replace power plants in 2 industrial estates
B GRIMM, one of Thailand’s oldest business conglomerates, on 13 June announced its plan to spend Bt24 billion to replace its power plants in two industrial estates, Amata Nakorn Industrial Estate and Laem Chabang Industrial Estate in Chon Buri. The investment plan was set up after ...
Slow pace of China’s transition adds to Asian export woes
China’s economic rebalancing is likely to take longer than previously expected, leaving Asian exports. Speaking on 14 June at a KBank seminar for customers on the outlook for the economy, interest rates and foreign-exchange rates, Pareena Phuangsiri, senior specialist at the division, said that while Beijing’s attempt ...
JOGMEC to explore for gold in Ratanakkiri
Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release on 14 June.Keep reading ...
Wing, GmoneyTrans ink partnership deal
A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad. GmoneyTrans signed a cooperative agreement yesterday with Wing and hopes to launch the remittance service by the middle of next month, according ...
King Power secures 39percent stake in Asia Aviation in Bt7.9-billion deal
Duty-Free Operator King Power Group has taken a 39-per-cent controlling stake in Asia Aviation, the operator of Thailand’s largest budget airline Thai AirAsia, from the carrier’s chief executive Tassapon Bijleveld and two of his family members in a deal worth more than Bt7.9 billion. If King ...
Businesses prefer Vietnam-EU FTA over TPP
When comparing Vietnam’s commitments within the Vietnam-EU free trade agreement and the Trans Pacific Partnership Agreement, businesses see bigger benefits in EVFTA, especially in government procurement. Tran Quoc Khanh, Deputy Minister of Industry and Trade, said it was not the initial intention of Vietnam to apply ...
Asean professional women's forum tackles tourism issues
A networking forum for women professionals active in South-East Asia’s tourism and travel sector was held in Vientiane on 13 June. More than a hundred female tourism professionals from across the region attended the forum which continues today to identify ways to develop aspects of their ...
