Economy and industry

After beginning in 2012, the construction of the US$3.5 billion Xayaboury dam is now about 50 per cent complete, according to a report by Vientiane Times. When it becomes operational in 2019, about 95 percent of the 1,285-megawatt electricity produced will be sold to Thailand.  The dam, ...

The Cambodian government set the new monthly minimum wage for the country’s billion-dollar garment sector at $140 on 8 October—up from $128—more than what factory owners wanted but far less than the raise demanded by some unions. Keep reading ...

Fishermen who had been enslaved and abused onboard illicit trawlers plying far-flung Indonesian islands will soon be headed back to the nation where they were held captive for up to a decade. This time they’re after justice, and will take part in a lawsuit against one ...

The Central Bank of Myanmar has issued a directive on customer due diligence related to anti-money laundering and the financing of terrorism. All banks and financial institutions licensed by the Central Bank must develop effective frameworks to manage these risks, said the note, issued on 5 ...

CPI Yunnan International Power Investment Company has recalculated its spending on the suspended Myitsone hydropower project, and is waiting for the Myanmar government to approve the figure.  CPIYN is the majority shareholder in Upstream Ayeyarwady Confluence Basin Hydropower Company, the dam’s developer. The calculation was made in ...

Laos, Thailand and Malaysia may proceed with a planned cross-border power trade minus Singapore, which had some concerns over the initiative, said Datuk Seri Dr Maximus Ongkili. He said his officers were exploring the possibility for the pilot project, known as the Laos, Thailand, Malaysia, Singapore ...

Some 30,000 real estate transactions were recorded in the first nine months of 2015, which was tantamount to the combined figures from last year, as heard at a seminar on housing development in the Mekong Delta city of Can Tho on 7 October.   According to Chairman ...

The rules of origin in FTAs ​​has set high demands that forced Vietnam to consider more active elements of the diversity of markets through restructuring and raising product quality. According to figures from the General Statistics Office, in May 9, 2015, China remains the largest export ...

Thailand should consider joining the Trans-Pacific Partnership because it will create collaboration among ASEAN countries, a banker says. On 5 October, 12 countries reached an agreement on trade liberalisation. Four of them are in the ASEAN region. Deja Tulananda, vice executive chairman of Bangkok Bank, said on 7 October that the ...

Phu Xuyen District, Hanoi, will open an industrial zone to attract industries and handicrafts.   The Hanoi People’s Committee has issued Decision No. 4989/QD-UBND to establish Phu Tuc Industrial Zone in Phu Xuyen District. The industrial complexes will attract industries and handicrafts suitable for industrial development planning and socio-economic ...