Economy and industry

The Ministry of Labour has officially approved the Confederation of Trade Unions Myanmar (CTUM) as Myanmar’s first national-level labour organisation, despite many other unions applying for similar status. The ministry said it approved the CTUM application because it had fulfilled all requirements specified in the Labour ...

Implementation of the Lower Sesan 2 hydropower project in northeast Cambodia is underway despite civil society organisations and local residents expressing concerns over possible serious impacts on the environment and natural resources. Ouch Vibol, project officer of the Culture and Environment Preservation Association, told journalists at the ...

The rapid weakening of the baht could cause problems for the real economic sector, says a senior official at the Bank of Thailand. The central bank is closely watching the baht’s movement, though no irregularity been detected so far, said Chantavarn Sucharitakul, the assistant governor overseeing financial ...

In a bid to rein in non-performing loans, several commercial banks are offering a cut of 15-20% for payment of overdue loans to encourage customers to clear their credit card and personal debt, according to a debt collection firm. Pracha Chaisuwan, managing director of Chet Collection ...

Thai Prime Minister Prayuth Chan-ocha has brushed aside concern that Vietnam is eclipsing Thailand as a regional manufacturing base, saying Vietnam is a friend not a competitor.   The comments came during a visit to Bangkok by Vietnamese Prime Minister Nguyen Tan Dung, and at a time ...

Vietnam’s Ministry of Agriculture and Rural Development has said resumed permission for importing three Australian fruits including oranges, tangerines and grapes is expected to be given on 1 August. Keep reading ...

Big-name clothing brands sourcing from Myanmar have waded into the minimum wage debate, urging its implementation even as their own suppliers dispute the proposed salary and request an exemption from the law. At the end of June 2015, the government moved to implement the 2013 Minimum ...

Thaicom Plc’s mobile operating unit in Laos has seen its licence extended for another 25 years, six years before the expiry of the original contract. Thailand’s sole satellite service provider expects the extension granted to its joint venture company, Lao Telecom, to cement its leadership in the ...

Plans to build an 800-megawatt coal power plant near some of Thailand’s most popular beaches have sparked protests and a hunger strike by activists who say officials aren’t considering its impact on the pristine environment that makes the area an international tourist destination. More than 100 members ...

At a time when little is going right for Southeast Asia’s second-largest economy, Thailand is being hit hard by weak global demand for its major agricultural exports. Among the people most affected are the country’s rubber producers, suffering depressed prices since January 2014. After surging to more ...