The growing demand for agri-products in China pushes for commercial agriculture and generate income for local people.
Deputy Prime Minister Somsavat Lengsavad has called for local authorities in nine northern provinces to develop commercial agriculture, with a view to exporting more produce to China. Mr.Somsavat, who supervises economic affairs, was chairing a meeting on agricultural production and the standard of export products in Oudomxay province on Tuesday. More…
Reposted from The Phnom Penh Post
The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium-sized businesses, an official said yesterday.
According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the Ministry of Economic and Finance, micro-, small- and medium size-enterprises (MSME) contribute greatly to the national economy. More…
Reposted from The Straits Times
By Hans W. Vriens
WITH the United States and the European Union suspending sanctions against Myanmar, Western companies are rushing to invest in a country they were forced to leave half a century ago. Myanmar is South-east Asia’s final frontier. There is almost a stampede to be the first into this country of 60 million. But aspiring investors are in for a rough ride. Myanmar is the most challenging investment climate in Asia with the exception of North Korea. General Ne Win’s 1962 coup closed the borders, nationalised the economy and kicked several hundred thousand Indians out of the country, many of them entrepreneurs and shopkeepers. More…
Myanmar Industry Minister Soe Thane
Industry Minister Soe Thane says new investment rules will be ready soon, and while near-term focus will be on building a base of small-scale industries, stalled Dawei megaproject is still viable.
Myanmar is preparing for more industrial development and plans to set up a board of investment to promote companies that want to enter Asia’s newest frontier market. More…
Reposted from mboc.netBANGKOK, May 20 – The Thai-Cambodian Joint Trade Committee (JTC) on Sunday agreed to set up special economic border zones, aiming to increase trade volume by 30% annually, said Thai Commerce Minister Boonsong Teriyapirom.
Mr Boonsong met his Cambodian counterpart Cham Prasidhat for the third Joint Trade Committee (JTC) in Bangkok.
The Thai commerce minister said he would assign the permanent secretary for commerce and the director general of the department of trade negotiations to speed up the task, which will also bolster trade along the border. More…
Resposted from The Bangkok Post
The SET-listed Italian-Thai Development Plc (ITD), the country’s largest construction company, has reaffirmed its ability to handle a 150,000-rai industrial estate in Dawei, brushing aside Myanmar’s doubts about the project’s viability.
Nonetheless, strategic partners are needed to jointly develop the large-scale project, said Dawei Development Co (DDC), a company the Thai contractor set up to operate the project in Myanmar. More…
Yangon, Myanmar
Burmese President Thein Sein and his administration began and ended last week with bold moves that have significant implications for the domestic and international business communities. At the start of the week, the administration once again flexed its newly developed regional muscles by announcing that it was cancelling the 4,000 megawatt coal-fired power plant that Italian-Thai Development Pcl (ITD), Thailand’s biggest construction company, had planned to build in Burma’s Dawei Special Economic Zone (SEZ). More…
