Government

Government

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Bangkok Smog To Cause Economic Damage Of Over $200 Million

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The current severe air pollution crisis in Thailand’s capital Bangkok is expected to cost the country up to 6.6 billion baht ($207.8 million) in...
New Vietnam Stock Exchange Set Up As Umbrella For Hanoi And Hcmc Bourses

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The Vietnam government has set up a new state-owned stock exchange company, Vietnam Stock Exchange (VSE), which will operate as an umbrella company for...
Malaysia Insists Goldman Sachs Pays Back $7.5 Billion In 1mdb Case

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Malaysian Finance Minister Lim Guan Eng says his government insists on reclaiming $7.5 billion from US financial firm Goldman Sachs in reparations over the...
Laos expects more private investment this year

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The Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion...
Opium cultivation in Myanmar drops further, UN says

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The area of opium poppy cultivation in Myanmar dropped for the fourth year in a row to 37,300 hectares in 2018 in the two...
EU lifts “yellow card” on Thai fishing industry

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The European Commission on January 8 removed Thailand from the group of "warned countries,” known as “yellow card,” for its action and progress in...
Go-Jek denied entry to the Philippines

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Indonesia’s Go-Jek suffered a setback to its expansion plans on January 9 after the transport regulator in the Philippines rejected its application to launch...
Laos to get its first smart city

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The Laos government has plans to set up a smart and eco city in its northwestern Oudomxay province within the province’s Namor district and...
PetroVietnam Power Corp readies for multi-billion IPO this month

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PetroVietnam Power Corporation (PV Power), the country’s second largest power producer, will list on the Ho Chi Minh City stock exchange on January 14...
Jobless rate in Brunei jumped to 9.3%

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Brunei’s unemployment rate rose to 9.3 per cent in 2017 from 6.9 per cent in 2014, latest available data from the Department of Statistics...
Cambodia becomes gambling heaven, adds 52 new casino licenses in 2018

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Cambodia granted 52 licenses for new casinos in 2018; pushing the number of gambling facilities up by 53 per cent over the previous year,...
Internet companies hit by Vietnam’s new cybersecurity law

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A law requiring Internet companies in Vietnam to remove content the country’s authorities deem to be against the state came into effect January 1,...
Vietnam overtook Singapore in IPO volume this year

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Vietnam in 2018 topped Southeast Asia’s top grossing market for initial public offerings (IPOs) with total proceeds of $2.6 billion. Singapore, who lost its crown...
Laos to buy fighter jets, tanks from Russia

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Laos ordered an unknown number of fighter jets and up to 30 army tanks from Russia, with sources in Laos saying the purchase will...
Malaysia launches free health care scheme for low-income earners

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The Malaysian government has announced a free national health insurance scheme for the low-income population group at an initial cost of two billion ringgit...
Philippines to sign OFW pact with Russia

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The Philippine Department of Labor and Employment (DOLE) is set to sign a bilateral agreement with Russia on the deployment of overseas Filipino workers...
Cambodia’s economic growth to reach 7.3% this year

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Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
Laos lost $30 million to corruption this year

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Corruption in Laos has become worse despite the government’s ramped-up efforts to battle the issue over the past two years, NGOs say. In addition, many...