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Myanmar: New policy aims to raise number of new cars on the road

The Ministry of Industry launched a new automotive policy this month, with the aim of supporting transport and auto-related business through sustainable development and more foreign direct investments. Under the new policy, the usage of left-hand drive vehicles will be promoted for road safety purposes. Control measures on imports of used right-hand drive vehicles, which […]

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Dusit inks deal with Vietnam developer for hotel near Hoi An

Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with Vietnam-based property developer Hoi An Royal Group to operate Dusit Thani Hoi An, the first Dusit Thani branded hotel in Vietnam. Located in a prime beachfront setting in Dien Ban Town near the ancient trading port of […]

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Indonesia posts widest ever trade deficit in April

[JAKARTA] Indonesia posted its widest monthly trade deficit in history in April as exports slumped, while the pace of fall in imports were slower than expected, data from the statistics bureau showed on Wednesday. The resource-rich country booked the first deficit in three months at US$2.5 billion in April, and it was the widest ever, […]

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Myanmar to borrow more than 1.4 billion baht for more electricity

The Pyidaungsu Hluttaw has approved the borrowing of 1.4 billion baht from Thailand’s Neighbouring Countries Economic Development Cooperation Agency (NEDA) to supply more electricity in Yangon Region. With this loan, the Ministry of Electricity and Energy will make sure that Yangon’s power distribution system is improved and the frequency of power shortages reduced, said deputy […]

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