Economy and industry
BOI eyes continued Japanese investment
The board of Investment feels convinced that Japanese investors have remained confident in Thailand and will continue to expand their investment here. BOI secretary-general Hirunya Suchinai made the remark on 7 July at the in “Bangkok Nikkei Forum”, co-organised by the BOI, Nikkei Inc and Nikkei ...
Laos, Thailand intensify economic ties, amend MoU on labour cooperation
Laos and Thailand have highlighted areas in which they will intensify economic cooperation and signed an amended Memorandum of Understanding on labour cooperation, Thai media reported on 6 July. The agreement was reached on 6 July by the two governments as Prime Minister Thongloun Sisoulith led a ...
Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one ...
Nearly 4,000 bridges to be built in remote areas
The second phase of a bridge building programme, which aims at building nearly 4,000 bridges in remote areas, will be kicked off next month, said Nguyen Van Huyen, director of the Directorate for Roads of Viet Nam. Under the programme, a total of 3,959 bridges, including ...
Struggle with changes as Thai firms venture abroad
In the last three years, Thai conglomerates have made significant acquisitions abroad, mostly in the Asia Pacific as well as in the US. In 2014, Thai firms invested almost $4 billion in other Asian countries, more than double the figure in previous years, according to ...
Fishery sees stronger seafood exports
With easing tension over labour issues in Thailand, the fishery industry expects exports of seafood products to grow by 2-3 per cent this year after a slight drop in the first half. Moreover, private enterprises expect the European Union to cancel its “yellow card” on ...
Vietnam's Masan invests more in meat businesses
Vietnam’s consumer giant Masan Group Corporation is now shifting its focus to the meat sector that reportedly made up 46 percent of its revenue in 2015. The group’s subsidiary Masan Nutri-Science has bought the remaining 30 percent stake in animal feed company Anco, and increased its ...
Japan gives boost to human resource development in Laos
The government of Japan is providing grant assistance of 308 million yen for the continuation of the Human Resource Development Scholarship Project in Laos. An agreement was signed on 4 July in Vientiane by Deputy Minister of Foreign Affairs Ms Khamphao Eunthavanh and Japanese Ambassador to Laos ...
Rice industry body president gets wary vote of confidence
Cambodia’s apex rice industry body held its annual general meeting on 2 July, with its members unanimously re-electing its well-connected incumbent president, Sok Puthyvuth, for a second term in what some are calling a dress rehearsal for his political ascendancy. Puthyvuth, the son of Deputy Prime Minister ...
Egat reaffirms coal-fired power plants
The Electricity Generating Authority of Thailand has confirmed it will complete six new coal-fired power plants by 2025 and boost its share of the power supply market to 50% from 37%. The six new coal-fired plants are expected to have a combined capacity of 4,390 ...
