Vietnamese state-owned dairy giant Vinamilk intends to spend almost $11 million to buy its Cambodian partner’s entire stake in Angkor Dairy Products Co Ltd, better known as Angkormilk, according to Vietnamese media. The deal – which would increase Vinamilk’s investment capital in Angkormilk from 10.2 million to $21 million by purchasing BPC’s 49 percent stake […]
Read MoreDespite a government ban on for-profit pandals in public areas, the Yangon Region government will allow them in private areas during Thingyan, or water festival, according to Yangon Chief Minister U Phyo Min Thein on March 24. “We’ve received applications to hold entertainment pandals at The One Entertainment [in Thuwunna township], People’s park and Shwe […]
Read MoreThe Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. Ministry of Commerce spokeswoman Soeng Sophary said the trade remedies law will protect all businesses in the kingdom and will regulate […]
Read MoreIndia is preparing to help celebrate 25 years of relations with Asean in style with a plethora of meetings, summits, fashion shows, IT events and business fairs in the country and abroad throughout this year. It began in February this year with the Indian Telecom Equipment and Services Export Promotion Council (TEPC) hosting telecom representatives […]
Read MoreMANILA, Philippines – Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment. Joey Cuyegkeng, senior economist at ING Bank Manila, said the investment bank’s gross domestic product (GDP) growth forecast for the first quarter […]
Read MoreExports from Thailand and Malaysia will continue to grow thanks to the rapid economic expansion driving demand in the CLMV (Cambodia, Laos, Myanmar and Vietnam) countries and weak currencies, while economic recovery in both countries will continue to support bilateral trade, say experts. Malaysia’s economy is projected to expand by between 4% and 4.5% this […]
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Thailand
