Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m Stark Corporation PCL of Thailand is acquiring Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined enterprise value of $240 million. The transaction will be implemented by Stark Corporation’s subsidiary Phelps Dodge International, the SET-listed firm said in a stock […]
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JFE Meranti steel company forges ahead in Myanmar market Even though there’s been a drop in demand for the company’s coated steel products due to a slowing of construction activities, he said the COVID-19 outbreak would lead to a move away from relying on steel imports and global supply chains and toward more domestic production. […]
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Aeon to open shopping mall in Yangon, Myanmar’s largest city, in 2023 Japan’s largest retailer Aeon is to open a shopping mall in Yangon, Myanmar’s largest city, in 2023. The Japanese retailer will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture in the country this year. The new Aeon shopping […]
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Myanmar to face power shortages as VPower-backed emergency plants miss deadlines Driving past trucks laden with containers along the road that leads to the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, one can easily spot from afar the company logos of the many manufacturers and utilities providers which have their factories there. […]
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Ascott to open Somerset-branded Somerset Rama 9 Bangkok serviced apartments in Bangkok The Ascott Limited will open a new 445-unit serviced apartment property in Bangkok, Thailand. The company said Somerset Rama 9 Bangkok is “opening soon” in Ratchadapisek-Rama 9, the new Central Business District of Bangkok. It will also be within walking distance from several […]
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Thailand’s Tycoons’ fortunes take a dive from the coronavirus pandemic Even the extravagantly wealthy are feeling the pinch from the coronavirus pandemic, as members of Forbes Thailand’s 50 richest list saw US$28 billion erased from their combined wealth, an 18% decline to a total of $132 billion. Despite the government’s announcement of a $16 billion […]
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Japan to provide ¥47 billion for two Myanmar infrastructure projects For first phase of Yangon-Mandalay Railway Improvement Project and third phase of Thilawa Special Economic Zone infrastructure development The Japan International Cooperation Agency (JICA) and Myanmar’s government on Tuesday agreed to official development assistance (ODA) loans to contribute to economic and social development through improvements […]
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Workers protest at Yoma Central construction site to demand paid leave during the Myanmar Thingyan holiday (Songkran) Update 1: Workers at the Yoma Central project gathered Tuesday at the entrance of the construction site in downtown Yangon to demand paid leave during the Thingyan holiday, despite the suspension of work amid the rising number of […]
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Vietnam’s key North-South Expressway project sees revised plan The plans for Vietnam’s key North-South Expressway project are being amended. The Vietnam Government has said it intends to change its plans for three sections of the North-South Expressway. Instead of being carried out under the PPP model, these will now be handled under a public investment […]
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Pandemic brings Cambodia’s real estate activity to near nil The ongoing Covid-19 pandemic has hammered the sales of land plots around the Kingdom. Hong Menea The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on […]
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