Economy and Trade

Economy and Trade

Economy and Trade is a section of Business News on investvine.com
Thailand issues free visas-on-arrival to boost tourism

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The Thai Immigration Bureau has approved the plan to temporarily waive visa-on-arrival fees for 21 countries, China and India among them, in hopes of...
Philippines to sign $3.3-billion railway loan deal with China

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Philippine President Duterte and his Chinese counterpart Xi Jinping are set to sign this month a 175-billion pesos ($3.3 billion) credit deal to build...
Myanmar presents plan to attract over $200 billion in foreign investment

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The Myanmar Investment Commission (MIC) came up with an ambitious business plan that includes a major investment promotion strategy aiming to attract more than...
Leicester owner’s death comes as Thai duty-free monopoly is about to end

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Thailand’s King Power International Group, the country's largest duty-free retailer, may find itself facing a challenge to win the upcoming new auction to operate...
Startups blooming in Cambodia

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Cambodia had seen at least 12 tech startup funding announcements by the second quarter of the year, which was a 140 per cent increase...
US sanctions two Singapore firms for North Korea dealings

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The US Treasury Department said in a statement on October 25 it has put two Singapore companies, commodities trading house Wee Tiong Singapore Pte....
European Union revokes preferential trade status for Cambodia

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The European Union on the 12th annual EU-Association of Southeast Asian Nations Summit that took place in Brussels on October 18-19 temporarily revoked its...
Cambodia strengthens tourism cooperation with Thailand, Vietnam

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Cambodia will further strengthen its tourism sector cooperation with Thailand and Vietnam as the country seeks to attract ten million international tourists in 2025...
EU, Singapore ink free trade and investment pact

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Just shortly after a similar deal with Vietnam was settled, the European Union (EU) and Singapore signed free-trade and investment protection agreements in Brussels...
Philippines signs deal with Israeli oil exploration firm

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Philippine President Rodrigo Duterte on October 18 signed a seven-year oil exploration deal with an Israeli firm in a bid to develop the country’s...
EU-Vietnam trade agreement to eliminate 99% of all tariffs

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The European Commission on October 17 adopted the long-planned trade and investment agreements between the European Union (EU) and Vietnam, paving the way for...
Alibaba founder to launch e-commerce training center in Indonesia

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Jack Ma, founder and outgoing executive chairman of China's e-commerce giant Alibaba Group, said on October 13 that he plans to open an institute...
Malaysia in need to postpone “developed country” target

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Malaysia will become a developed country not before 2022, missing its longstanding “Vision 2020” target by at least two years, based on current government...
Cambodia targets 15 million tourist arrivals by 2030

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Cambodia’s tourism ministry has set a target of 30 million tourist visits annually by 2030, up from the 5.6 million international visits last year. Some...
End of EU trade preferences could bring Cambodia’s economy to its knees

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The European Union (EU) announced on October 5 that Cambodia would lose its special access to European markets under the so-called Everything But Arms...
Vietnam to remove foreign ownership cap for listed companies

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Vietnam's government is considering lifting the foreign stake holding limit for listed companies from the current 49 to 100 per cent in a bid...
Vietnam’s new car maker debuts with two models at Paris Motor Show

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VinFast, Vietnam’s new home-grown car manufacturer and a subsidiary of Vietnamese industry conglomerate VinGroup, unveiled its first two passenger vehicles, a saloon and an...
New minimum wage for Cambodian textile workers: $182

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Cambodia raised the monthly minimum wage for garment workers by $12 on October 5 to $182, fulfilling an election promise by premier Hun Sen. A...