On May 2, President of the Republic of the Union of Myanmar, Min Aung Hlaing, inspected urban development activities and sanitation progress along the No. 5 Highway in Hlinethaya Township, Yangon Region.
Author: Elisabeth Xaviera
Business and Economy Correspondent, SEA Daily
Cambodia to cut textile import reliance by 2027
Cambodia’s Labour and Vocational Training Minister, Heng Sour, expressed confidence that the country will achieve textile independence by 2027.
AECC convenes special meeting as Hormuz disruptions rattle supply chains
“ASEAN is stronger when it acts together, especially in times of uncertainty,” said Cristina Aldeguer-Roque, Chair of the ASEAN Economic Community Council (AECC) as well as Philippines’ Secretary of Trade and Industry, at a press briefing following the AECC ministers’ special meeting on April 30.
Taiwan’s TECO pledges US$12 million busway manufacturing plant in Malaysia
Taiwan’s TECO Electric & Machinery—a major global industrial conglomerate specialising in electromechanical engineering, automation and green energy solutions—has expanded into the Southeast Asian market with a 12 million million US dollar investment pledge in Malaysia.
Cambodia ends April with sixth fuel price rise
Phnom Penh ends April with a fuel price surge. Effective April 29, petrol (Gasoline 92) is priced at 5,510 Cambodian riels (1.37 US dollars) per litre, while diesel (Gasoil 10 parts per million (ppm)) costs 5,650 Cambodian riels (1.41 US dollars) per litre.
CP Group-NTT DOCOMO collaborate on loyalty-driven e-commerce strategy in Thailand
Charoen Pokphand (CP) Group, Thailand’s largest private conglomerate, has commenced a marketing solution business with Japan’s NTT Docomo Global, a subsidiary of Japan’s leading telecommunications operator, NTT Docomo.
Indonesia to cover airfare VAT as jet fuel price surge
Coordinating Minister for Economic Affairs, Airlangga Hartanto, held a press conference on 25 April to discuss the sustainability of the national airline industry amid rising aviation fuel costs.
Blaze engulfs Myanmar’s Homalin Township oil terminal, 22 vessels destroyed
On April 20, a blaze broke out from an oil terminal in Homalin Township at Myanmar’s northwestern Sagaing district—one of the country’s busiest trading hubs.
Vietnam’s president chooses Beijing for first official visit
On April 17, Vietnam’s newly-elected President and General Secretary of the Communist Party of Vietnam (CPV), Tô Lâm, concluded his four-day visit to China with substantial outcomes, advancing the bilateral ties between the two countries.
US sanctions Cambodian senator over alleged scam connection
On April 23, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Cambodian Senator Kok An, accusing him of being the leading figure behind a nationwide scam compound network.