Economy and industry
Water shortage grips half of Thailand - officials
More than half of Thailand is gripped by water shortages from the drought, according to the Department of Water Resources, but the irrigation chief remains positive that supplies can last until the rainy season if everyone steps up conservation efforts. Keep reading ...
Dizzying trade deficit to greet Myanmar’s new govt
With figures topping US$5 billion, a widening trade deficit is likely to greet Myanmar’s new government on April 1, says the Ministry of Commerce. According to the ministry, the total trade volume reached $25.7 billion between April 2015 and March of this year. Import volume hovered ...
Cargo giants call on Sihanoukville port
As Cambodia’s sole deep-sea port in Sihanoukville looks to increase its presence on global shipping routes, the decision by two major Chinese shipping companies six months ago to call at the port has seen mixed results, with one firm already dropping out due to low ...
Japan's Aeon said to near agreement to buy Vietnam's Big C chain
Japan’s Aeon Co. is nearing an agreement to acquire French retailer Casino Guichard-Perrachon SA’s Big C grocery chain in Vietnam, people with knowledge of the matter said. Aeon has emerged as the leading bidder after submitting an offer that values the business at more than $800 ...
Thai revenue department announces corporate tax changes
Thailand’s Revenue Department will increase corporate income tax deductions for depreciation and entertainment expenses to alleviate business operators’ tax burden, according to its chief. The planned adjustment seeks to make deductible expenses better reflect the current situation with the aim of encouraging business operators to pay ...
Myanmar-Japan joint venture applies for airline licence
Myanmar’s already cluttered airline industry could be about to welcome another carrier into its ranks. Japan’s ANA Holdings and Shwe Than Lwin-owned Golden Sky World have formed a joint venture and applied to set up an international airline, according to a transport ministry official. Keep reading ...
Local resistance fails to halt Myeik coal-fired power plant
A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission, despite continuing opposition from the community. Keep reading ...
Cost of petrol dips as price caps take effect
Prices at the pumps dropped on 15 March as Cambodia’s government’s fuel-pricing formula came into effect, with the country’s major petrol retailers advertising regular gasoline at 3,050 riel per litre, premium at 3,150 riel per litre and diesel at 2,700 riel per litre, in accordance ...
Passenger train to resume operations on April 9
After a 14-year wait, scheduled passenger train services between Phnom Penh and Sihanoukville will resume on 9 April, according to a statement issued by Royal Railways on 14 March. Keep reading ...
'Sleep box' developer eyes Suvarnabhumi as next target
The Miracle Group is eyeing Suvarnabhumi airport for its next “sleep box” hotel after the soft launch of the sleep cabins at Don Mueang airport in Bangkok this week. Keep reading ...
