Economy and industry
Customs impounds 100 NGV buses amid duty doubts
The Customs Department has impounded 100 natural gas vehicle air-conditioned buses which were supposed to hit Bangkok streets late this month amid doubts over whether the import order is legitimate or was falsely declared to avoid more than 100 million baht in tax. The first ...
Vietnam’s cocoa receives “fine flavour” designation from Int’l Cocoa organisation
Viet Nam has become the second Asian country to achieve a fine flavour cocoa designation from the International Cocoa Organisation. Forty per cent of the country’s cocoa exports have received this designation. Indonesia was the first Asian country to receive the recognition in 2011, but it ...
Will coal shares bounce back?
The strong increase in coal prices has rekindled hopes for Vietnam’s miners and securities investors after a period of disappointment. After eight years of decline, the coal price began recovering in early 2016. Analysts commented that the coal price has been witnessing the strongest recovery compared ...
What does Binh Thuan want: thermal power or a marine-protected area?
Five thermal power projects have been developed in Binh Thuan province, raising serious concerns about pollution, as the plants are located near marine protected area. Binh Thuan has emerged as a province which attracts many industrial projects, especially thermal power ones. The Vinh Tan Power ...
Last chance to see: paddling through time on the Mekong
Humility is a rare commodity in the era of the smartphone, selfies and carefully–coiffed digital personas. Gratitude, too, is unusual in the modern world where a sense of entitlement seems all pervasive. Despite most of us being aware enough to acknowledge that all human beings ...
China funds Mekong road construction
The Chinese government has funded construction of a 22.5 km road along the Mekong River linking Tonpheung district in Bokeo province with Sing district in Luang Namtha province to facilitate transport and boost northern development. A signing ceremony for construction of the US$32.7 million road ...
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 ...
Industrial rail project gathers steam with government push
Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and ...
Floods spread to 12 provinces
Households and businesses in the South have been hit hard by flooding while all train services heading to the lower part of the region suspended after tracks were damaged by floodwater. At least 12 provinces in the South have been affected by flooding which began ...
