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Thailand risks losing out to CLMV

As the Asean Economic Community (AEC) enters its second year, Thailand is set to lose further market share in agricultural and processed agricultural products to Cambodia, Laos, Myanmar and Vietnam (CLMV), new research says. According to Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, […]

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Thai-Myanmar talks due

Deputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business group, which comprise PTT Plc (PTT), Siam Cement Group (SCG) […]

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Cambodia: Battambang to be next tourist destination

The government continues to closely study Battambang province to find ways to develop it as a new heritage tourist destination, with plans to mark potential areas nearby as tourism sites.   Tourism Minister Thong Khon said that the project was being conducted in collaboration with Hungary to entice both local and international tourists – especially […]

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ASIA: Deloitte: Asia set to ride wave of global recovery

The economic situation this year will be better than most economists expect despite protectionist rhetoric from the US and nervousness in financial markets, says the Deloitte consultancy. According to the first edition of Deloitte’s “Voice of Asia” reports, three factors suggest that global growth is about to pleasantly surprise, with Asia leading the way. “First, […]

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Cambodia: Steeper entry at Angkor temples

Ticket prices for Angkor Wat are scheduled to increase on Wednesday, with industry experts expressing cautious optimism that despite reports showing tourist spending fell last year, the sharp increase in admission fares at the country’s premier tourist attraction would not deter foreigners from visiting Cambodia. Starting on Wednesday, foreign visitors to the Angkor Archaeological Park […]

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