ASEAN KEY DESTINATIONS
By David Swartzentruber
These were the most significant stories in the Asean region during the week of: September 11- September 17:
Vietnam has solid growth
Vietnam is very likely to achieve an annual growth rate target this year of 6.5 per- cent, despite some macroeconomic risks, a Vietnamese economic expert said.
India gives Laos $72.55 million credit line
Giving a further boost to its relations with Asean countries, India on Friday announced a line of credit worth $72.55 million to Laos for undertaking hyrdoelectric projects, pushing its total investments in this country to $162 million.
Thai bioplastic plant considered
The world's number one bioplastic company, NatureWorks LLC, has been in talks with potential partners including PTT Plc to jointly invest in a large-scale bioplastic plant in Thailand worth about $400 million.
Thailand objects to human rights event
Thailand, objecting to the use of Bangkok as the site for the launch of a report denouncing Vietnam's human rights record, has denied entry to two of the report's main authors, sources said.
Garment workers strike in Cambodia
As thousands of garment workers took to the streets on Monday on strike to raise minimum wages, manufacturers considered the potential fallout from mass strikes this week.
Vietnamese garment firms expand
Ten companies under the Viet Nam National Textile and Garment Group (Vinatex) have made production expansion investments to meet increasing orders from foreign partners and rising domestic demand.
Thai steel firm says Chinese are dumping steel
A Thai unit of a leading Australian steel producer a unit of a leading Australian steelmaker, says it is among those harmed by the dumping of Chinese products into Thailand.
Malaysia's reform details hazy
Malaysia's plans to revitalise investment by backing national champions and ending race-based policies may sound ambitious, but the details remain hazy and real economic reform will face formidable obstacles.
Cambodia to protect migrant labor
A draft law to protect migrant workers and better regulate the labour recruitment industry has been finalised, a Labour Ministry official announced yesterday.
Tiger Airways will take off
Ampon Kittiampon yesterday said THAI's board authorised management to continue negotiating with Tiger Airways on a draft agreement that will lead to the formal establishment of Thai Tiger Airways (TTA).
Court stops 3G auction in Thailand
An effort to develop the 3G communications spectrum was set back Thursday when the Administrative Court ruled against an auction for licences that was to be held on Monday by the National Telecommunications Commission (NTC).
Singapore to spend $16.1b from 2011 to 2015 on research
The Singapore government plans to spend S$16.1 billion over the next 5 years from on research, innovation and enterprise.
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