Economy and industry
Maximum concession period cut to half century in investment promotion overhaul
A newly-amended Investment Promotion Law has moved to cut by half the maximum investment period for new concession projects to 50 years, down from previous maximum period of 99 years. The move is aimed at maximising investment benefits for the Lao economy, an official from ...
Xamtay to Vietnam road construction expects delays
Construction of a new road connecting Xamtay district in Huaphan province to Thua Thien Hue province, Vietnam will not be finished according to plans, say officials of the project. Head of the District’s Public Works and Transport Office, Mr Soukaseum Sonesavat, telephone interviewed by Vientiane ...
CIMBT sets sights on guiding Bt30 bn debentures
CIMB Thai Bank (CIMBT) is stepping up its push into financial advisory services and expects its corporate clients to issue debentures of up to Bt30 billion this year. The bank is also targeting bank assurance business and aims to |generate first-year premium growth of 15 ...
Pickups allowed to carry passengers until new rules done: police
Senior police are pressing the Land Transport Department for new regulations that would allow pickups to carry passengers, not just cargo, in cabs or beds – as long as they have safety belts installed. Until the new regulations are issued, police have no plan to ...
BMA bans all street food across Bangkok this year
Street food vendors will disappear from Bangkok by the end of the year in the interests of cleanliness, safety and order, the Bangkok Metropolitan Administration (BMA) says. In the capital, which is internationally recognised for its street food, famous locations such as Chinatown/Yaowarat and Khao San ...
Southeast Asian capitals bristle at Trump's trade probe
The Trump administration’s order to probe U.S. trading partners for unfair practices has provoked outrage in the Southeast Asian nations under scrutiny, and threatens to deepen a divide that leaves the region more exposed to Chinese influence. Indonesia, for one, has challenged the notion that ...
Vietnam's FPT looks to put self-driving cars on Asian roads
IT company to challenge global giants with low-cost tech. Vietnam’s FPT aims to jostle into competition among industry titans like Apple and Google over autonomous vehicles by commercializing a low-cost system within the next two years. The country’s leading information technology company is targeting about $200 million in annual sales from ...
Tepco, Toshiba to manage power grids in Cambodia
Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster. T.T. Network Infrastructure Japan, a joint venture between Tepco and Toshiba, ...
HCMC residents race to beat heat
Sales of air conditioners and fruit in HCM City soared in recent days as a heat wave hit the area. Over the weekend, Nguyễn Kim, one of the largest chains of electronics stores in the city, was packed with customers looking for air conditioners, fans ...
Meeting discusses anti-corruption efforts
The Central Steering Committee for Anti-Corruption convened a meeting in Hà Nội on April 17 chaired by Party General Secretary Nguyễn Phú Trọng, head of the committee. Members discussed the progress, results, difficulties and obstacles regarding the investigation, prosecution and trial of cases under the supervision of ...
