President Benigno Aquino 3rd said that the bus explosion that killed five persons and injured more than a dozen others could be the handiwork of attackers who may be planning another strike at his administration.
Justice Secretary Leila de Lima hinted that the deadly explosion that ripped through a passenger bus in Makati City could be linked to the peace process in the volatile southern Philippines..................
The 11th National Congress of the Vietnamese Communist Party opened at the National Convention Center in Hanoi in January. Nguyen Phu Trong, 66, took over as chief of Vietnam’s ruling
Communist Party for the next five years. He pledged to continue integration with the international community in “a positive and active manner.”
Meanwhile, Vietnam continued to attract foreign direct investment as a US solar panel maker said it will build a $300 million factory in Vietnam, boosting the country’s efforts to reinvent itself as a hub for high-tech manufacturing.
Arizona-based First Solar said Vietnamese authorities had approved the investment in Ho Chi Minh City’s Cu Chi district, in the south of the country. The facility will employ around 600 people and production is expected to begin in the second half of next year, a company spokeswoman said. In October the US-based chip maker Intel opened a billion-dollar plant in Ho Chi Minh City.
cambodia continues to move ahead economically although at what social cost is an issue. A Chinese joint venture partner, Inner Mongolia Erdos Hung Jun Investment Co, has joined with
ruling party senator Lao Meng Khin’s Shukaku Inc. to develop a lakeside site that rights groups say will ultimately displace more than 4,000 lakeside families.
Residents affected by the project have staged continual protests in central Phnom Penh over the past few years to agitate for more compensation. The Chinese embassy weighed in and blamed “western influences” for the protests.
Meanwhile, the border issues with Thailand again stole headlines but the upcoming meeting of the Joint Thai-Cambodian Border Commission may resolve some issues.
On a positive note, inflation for 2011 is pegged at 4 percent, a figure that Cambodian economists feel is reasonable.
Banque pour le Commerce Exterieur Lao (BCEL) currently offers services in foreign exchange, insurance, leasing and brokering. It was listed on the Lao Securities Exchange when it opened on January 11.
“I think the next step is to expand our line of business toward consulting services like private banking and corporate banking,” Khamhou Tongthavy, the head of BCEL’s Administration and Finance Division, was quoted as saying by the Vientiane Times.
BCEL, communist Laos’ leading bank, was one of two state enterprises listed on the bourse’s first day in January with Electricite du Laos Generation.
Coffee industry groups and associations in Indonesia, Laos, Malaysia, the Philippines, Singapore, and Thailand recently met in Pattaya, Thailand and Pakse, Laos to organize the ASEAN Coffee Federation.
The geographical location of Laos between China and Thailand is proving fortuitous for Laos as China wants to have faster and better transportation between it and the throbbing economy of Thailand.........................
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