Myanmar has given approval for Total E&P Myanmar Co to hold a 50% stake in the Myanmar MD-7 project in which PTT Exploration and Production Plc (PTTEP) has the other 50%. Total was experienced in worldwide petroleum exploration and development and it will help to reduce risk and add value to the project, said Somporn […]
Read MoreThe government has confirmed it is going ahead with a plan to create a “triangle city model” in the three southern border provinces to improve the quality of life in the region and will push for economic growth of 2 billion baht or more in each one in 2017, government spokesman Sansern Kaewkamnerd said on […]
Read MoreSET-listed Siam Cement Group (SCC) has revved up its much-delayed petrochemical complex in Vietnam by acquiring a larger stake in the project, making the industrial conglomerate the biggest shareholder, according to SCG’s statement to the Stock Exchange of Thailand (SET). SCG had sought a new partner for the Long Son Petrochemicals (LSP) project after its […]
Read MoreA Thai fund has bought 1.5 million shares in Mobile World Investment Corp (MWG), one of Vietnam’s leading mobile retailers, at a price of more than US$11 million. The Ton Poh Fund, run by Bangkok-based Ton Poh Capital, officially received the shares from their previous owners, two other foreign funds, on Tuesday, the Vietnam Securities […]
Read MoreKasikornbank (KBank) has launched a cross-border fund transfer service for 13 Asian currencies, bilaterally, expecting to help customers save around 12 billion baht on foreign exchange this year. Yesterday KBank claimed it is the first Thai bank to have a transfer service for the 10 Asean currencies and the yuan, yen and won, or the […]
Read MoreFive leading manufacturers have reached an agreement with the government to make and supply 48 consumer items at low cost. The products will be 15-20% cheaper than those being sold now. Cheaply priced consumer goods under the Thong Fah (Blue Flag) Pracha Rat scheme will be made available first via 5,500 small retail outlets and […]
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