SINGAPORE
- SingPost Board Outlines Details of Proceedings that Led it to Fire its CEO and Two Senior Executives – The Straits Times
SingPost on Dec 29 published a detailed account of the disciplinary proceedings leading to the sacking of three of its senior executives, saying that the company’s board of directors had ensured due diligence, and that the three had an opportunity to be heard before making its decision.
- SingPost’s Board Says Decision to Sack 3 Top Executives Was ‘Carefully Considered’, Releases Detailed Timeline – CNA
Singapore Post’s board responded late on Sunday (Dec 29) to questions from stakeholders about its decision to sack three top executives at the same time, saying it was "carefully considered".
THAILAND
- Thailand Welcomes 35+ Million Visitors in 2024, Paving the Way for 2025 – The Nation
The Tourism Authority of Thailand (TAT) announces that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.
- No Lobbying in Thaksin Probe: NACC – Bangkok Post
The National Anti-Corruption Commission (NACC) denies it has been lobbied to change a commissioner to sway an investigation into former premier Thaksin Shinawatra’s police hospital detention.
LAOS
- Aiming to be More Economic Self-Reliant in 2025 – Vientiane Times
Prime Minister Sonexay Siphandone wants to transform Laos into an independent and self-reliant economy by 2025. The government is mulling ways to modernise public administration, attract foreign investment and technical assistance, and manage special economic zones.
- Laos Wants Vietnam’s Help to Build Oil Refinery – Vientiane Times
Laos is seeking Vietnamese expertise to construct an oil refinery that will improve the country’s fuel supply and reduce imported fuel. This is part of the strategic partnership between the two nations to deepen long-standing bilateral relations.
MYANMAR
- Investments Worth RM239 Million Sanctioned This Year – The Global New Light of Myanmar
The Yangon Region Investment Committee approved 60 new investment projects this year, creating 29,290 job opportunities. Forty-three projects were foreign investments worth RM239 million (US$53 million), while the balance was from local investors.
- Trade Expo to Bolster Small-Scale Business – The Global New Light of Myanmar
A national-level exhibition for micro, small, and medium-sized enterprises is being planned to take place in Nay Pyi Taw soon. The expo aims to support small-scale businesses by promoting their products and expanding both local and international markets for future growth.
VIETNAM
- Anti-Dumping Action to Protect Wind Energy Sector – Vietnam News
Vietnam imposed anti-dumping measures on made-in-China wind turbine towers to protect its local industries. The Ministry of Industry and Trade said the five-year trade defence action was imposed on cheap wind turbine towers sold in the market.
- New Incentive Model to Promote Use of Technology – Vietnam News
Ho Chi Minh City plans to implement a new incentive model to encourage businesses to utilise science and technology development funds for research. It will simplify the application process for these funds, making it easier for business operators to access funding and accelerate innovation.
Conclusion
This article provides an overview of recent developments in Singapore, Thailand, Laos, Myanmar, and Vietnam, covering news on business, economy, and politics. From SingPost’s decision to sack three top executives to Thailand’s tourism industry, and from Laos’ plan to build an oil refinery to Vietnam’s anti-dumping measures, this article aims to provide readers with a comprehensive understanding of the region’s current events.
Frequently Asked Questions
Q: What is the latest development in SingPost’s board decision to sack three top executives?
A: SingPost’s board has released a detailed account of the disciplinary proceedings, stating that the company’s board of directors had ensured due diligence, and that the three had an opportunity to be heard before making its decision.
Q: What is the current situation with tourism in Thailand?
A: The Tourism Authority of Thailand (TAT) has announced that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.
Q: What is Laos’ plan for economic development?
A: Prime Minister Sonexay Siphandone wants to transform Laos into an independent and self-reliant economy by 2025, with plans to modernise public administration, attract foreign investment and technical assistance, and manage special economic zones.