Economy and industry
Joint-venture granted licence to trade machine oil
Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...
Confusion over water transport service implementation arises
The government has chosen the company which will operate the water bus service on the Hlaing River and Nga Moe Yeik Creek, said Daw Nilar Kyaw, regional minister of electricity, industry and transportation, on May 22 at a regional parliamentary session. The company Tint Tint ...
Govt approves Vientiane-Vangvieng expressway corridor, legislation
The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development.The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister Thongloun Sisoulith and attended by the cabinet members. The 113.7-km corridor is part of ...
Doctors' deaths spur call for new law
Medical networks have urged the government to roll out a law regulating working conditions for medical staff after the deaths of several doctors were linked to their heavy workloads and poor working environment.Read more ...
Yin Yi bags $124.5M construction contract
China’s Sino Great Wall signed a construction contract worth $124.5 million with Cambodia’s Yin Yi Venture for work on Amethyst One, an 8,100-square-metre mixed-use development located on capital’s Chroy Changvar Peninsula, Reuters news agency reported on Monday.Read more ...
Former Vinaconex boss faces prosecution
The Ministry of Public Security’s Police Investigation Agency has prosecuted Phí Thái Bình, former chairman of the Vinaconex board of directors, for violating construction regulations and causing serious consequences.Bình, who is also former vice chairman of the city’s People’s Committee, was found to be responsible ...
ISPs escape liability for illicit content in new Act
Local internet service providers (ISP) and foreign social networking companies will be exempt from liability for illegal content under Thailand’s new Computer Crime Act 2017, says a legal expert.The new Computer Crime Act, which goes into effect today, does not have a mandate to impose ...
North Asia Resources to turn cassava into fuel
Hong Kong-listed firm North Asia Resources Holding Ltd announced yesterday that it has purchased 14,000 hectares of an economic land concession in Pursat province from Henan Tianguan Enterprise Group for $53.2 million.Read more ...
Capital aims for 4.5% export growth in 2017
The capital aims to generate US$11.1 billion from exports this year, 4.5 per cent higher than 2016, the municipal Department of Industry and Trade has said.To achieve this goal, Hà Nội will continue work on accelerating administrative reforms with special focus on customs, tax and ...
Net giants join govt on clean-up
The Asia Internet Coalition (AIC), an industry association made up of eight internet giants, has agreed in principle to work with local authorities to tackle webpages and content that violate the law. The agreement was allegedly reached Tuesday after a meeting among representatives of the AIC, ...
