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Image : Moody's warns of UK downgrade if Brexit deal weakens growth

Moody's warns of UK downgrade if Brexit deal weakens growth

person Orange Themes access_time Nov 02,2016

LONDON (AP) — Britain was warned Wednesday that it will have its credit rating cut if the country fails to get a good-enough deal on access to the European single market during its upcoming negotiations to leave the European Union.

Image : Japan in talks to deliver two coast guard ships to Philippines

Japan in talks to deliver two coast guard ships to Philippines

person Orange Themes access_time Aug 14,2016

The ships could be transferred to Manila to help patrol the disputed South China Sea, known in Vietnam as the East Sea.

Image : Comey faces complicated path under Trump administration

Comey faces complicated path under Trump administration

person Orange Themes access_time Nov 10,2016

WASHINGTON (AP) — FBI Director James Comey faces a complicated path under a Donald Trump administration. Does he try to serve out the remaining seven years of his term under a president who has publicly questioned the FBI's integrity? Or does he

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Vietnamese firms eye investing in Myanmar

access_time Feb 15,2017 chat_bubble_outline 37 views

Vietnamese small-and medium-sized enterprises are keen to explore investing in Myanmar, according to Cong Thuong (Industry & Trade) newspaper.

Vietnamese firms eye investing in Myanmar

Vietnam is among the top 10 foreign investors in Myanmar with nearly 80 businesses ploughing investment worth one billion USD in the host country.

Major companies like Hoang Anh Gia Lai, Bank for Investment and Development (BIDV), and Vietel, are operating in Myanmar.

Myanmar’s Minister of Industry and Trade Than Myint said his country has huge opportunities to lure foreign investment.

Myanmar currently enjoys the Generalised System of Preferences (GSP) for exports to the EU, the US and India, he said, adding that this will benefit foreign investors in the country.

The Myanmar government has launched a programme for economic development, focusing on the private sector through modernising infrastructure and promoting global integration via the ASEAN Economic Community.

To attract foreign direct investment, the government has also promulgated a new investment law and reformed the tax system in line with international practices, facilitating the granting of investment licenses for overseas businesses to operate in Myanmar.

Two-way trade between Vietnam and Myanmar reached 536 million USD in 2016, surpassing the yearly target of 500 million USD. 

Vietnam exported goods worth more than 450 million USD to Myanmar in the year, mainly iron and steel products, means of transport, and equipment spare parts, while importing rubber material, wood and forest products, farm produce and seafood.

At a meeting with Minister Than Myint in January 2017, his Vietnamese counterpart Tran Tuan Anh said there is still a plenty of room for the two countries to boost trade relations.

Both nations agreed to enhance trade promotion activities and make use of the East-West economic corridor to facilitate bilateral trade and reduce transportation costs.

They also agreed to maintain the meeting of the Vietnam – Myanmar trade subcommittee, promote the cooperation mechanism of Cambodia, Laos, Vietnam and Myanmar, and contribute to the development of the ASEAN Economic Community.

Minister Tran Tuan Anh proposed Myanmar help Vietnamese businesses export cement and reduce the number of products that require import licenses from Myanmar.


Amazing tree houses in Hanoi’s outskirts

Tree houses built by Artist Dao Anh Khanh, located around 6 kilometres from the centre of Hanoi are proving ideal city break destinations.The six houses look like bird nests, are some 12 metres above the ground. Each house has different areas ranging from 10 square metres to 36 square metres.The unique eco-friendly estate covers a total area of 2,500 square metres in Long Bien District and includes a reading room, sun roof and wine bar, all decked out with a sound system and surrounding… chat_bubble_outline Read More...

Halting rice export slowdown

It was the sector’s worst performance since 2009 and the target of 5 million tonnes for 2016 has become unfeasible. Shrinking rice exports mean larger amounts of rice remaining in stock domestically and a reduced demand to purchase rice from farmers at a time when the southern provinces have begun planting a new crop. This dismal situation has affected the incomes of tens of thousands of rice growers as well as exporters, undermining confidence in the plans to revamp the agricultural sector and… chat_bubble_outline Read More...

Mexico maintains growth forecasts despite Trump

Mexico City (AFP) - Mexico's finance ministry on Wednesday maintained its growth forecasts for 2016 and 2017 despite volatility in the markets following Donald Trump's US presidential election victory.The country's economy is still expected to grow between 2.0 percent and 2.6 percent this year and 2.0-3.0 percent in 2017, Deputy Finance Minister Vanessa Rubio said. World - Yahoo News chat_bubble_outline Read More...

Russia, US to hold talks on rebel withdrawal from Aleppo: Lavrov

Moscow (AFP) - Russian and US experts will hold talks in the coming days to determine the routes and timing for a total rebel withdrawal from eastern Aleppo, Russia's Foreign Minister Sergei Lavrov said Monday."During the Russian-American consultations the concrete route and timeframe for the withdrawal of all fighters from eastern Aleppo will be agreed upon," Lavrov said, adding that the discussions in Geneva would likely start on Tuesday or Wednesday. World - Yahoo News chat_bubble_outline Read More...

Voting opens ahead of 2016 World Ski Awards Gala Ceremony

Voting has opened ahead of the hotly anticipated 2016 World Ski Awards Gala Ceremony as the nominees for the event are revealed for the first time. The competitors were announced earlier as the all-important 16 week voting window opens. The winners are to set to be revealed at the 2016 World Ski Awards Gala Ceremony, scheduled to take place in Kitzbühel, Austria, over the weekend of November 18th-20th. A-ROSA Kitzbühel will welcome industry leaders from across the globe for a three day… chat_bubble_outline Read More...

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