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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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Myanmar: Number of consumer complaints set to double this year: official

The Department of Consumer Affairs says that 80 percent of the complaints it receives from the public is regarding telecommunications service providers. This was revealed by the department’s director U Myint Cho during a press conference earlier this week. There are currently four companies providing telecommunications services in the country: Myanma Posts and Telecommunications, Oredoo, […]

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New approach needed as trade war wallops Thai exports

THE RECENT escalation of the US-China trade war may lead Thai exports to grow by only 0.5 per cent in 2019, warned Aat Pisanwanich, director of the University of the Thai Chamber of Commerce’s Centre for International Trade Studies (CITS). Meanwhile, Bank of Thailand’s assistant governor for corporate strategy and group relations, Chantavarn Sucharitakul said […]

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