Central bank urged to stabilise Lao kip
The Bank of the Lao PDR must introduce more concrete measures to keep the value of the kip stable, otherwise the country will face a big challenge in keeping the cost of living at an acceptable level, according to a report from the Lao National ...
Ekaphone Phouthonesy
Overpass mulled as solution to Vientiane's traffic snarls
Officials are wrestling with the problem of identifying a long-term solution to Vientiane’s chronic traffic jams and some are suggesting that an overpass might ease the situation. While no such scheme currently exists, it is not beyond the bounds of possibility to imagine that overpasses will ...
Savannakhet orders 253 furniture plants to shut down
Savannakhet provincial authorities have ordered 253 family-based furniture plants to shut down many of them operating without business licenses, while some are failing to meet set standards. Some 166 plants are operating without business licenses, while the 87 remaining plants approved by districts’ authorities failed ...
Laos, IRRI agreement to boost food security
The government and the International Rice Research Institute have agreed to strengthen their partnership in research and expand the institute’s role in increasing Laos’ food and nutrition security. The agreement was signed in Vientiane on May 8 by Deputy Minister of Agriculture and Forestry, Dr Phouangparisak ...
Asean ministers, bank governors strengthen financial regional integration
Financial integration, financial service access, and financial stability have been the central issues in discussions among Asean finance ministers and central bank governors at the meeting in Vientiane over the past few days. The ministers and governors have agreed upon the direction of regional cooperation ...
Party leader proud of accomplishments
Despite rapid and complex changes in the world, Laos has been able to accomplish its socio-economic development plans over the past five years (2011-15) under the leadership of the Party. Secretary General of the Lao People’s Revolutionary Party and President of the Laos, Mr Choummaly Sayasone, ...
Laos greatly values Mekong-Japan cooperation
Laos highly appreciates the collaboration between the Mekong sub-region countries and Japan, especially assistance from Japan that has contributed to development within Laos and its integration with the region.Prime Minister Thongloun Sisoulith made the statement at the 11th Mekong-Japan Summit held on Monday in Bangkok, ...
Times Reporters
Calls for Kingdom to join transparency group
A new US commitment to oil and mining transparency may push the Kingdom closer to a similar agreement, Cambodian experts have said. US President Barack Obama announced earlier this week that the US would join the Extractive Industries Transparency Initiative as an implementing country, according to ...
Opportunists join queue for Kratie land concession
With authorities in Kratie province beginning to hand out plots of land on a social concession to 301 families involved in a high-profile dispute resolved last week, villagers at the center of the dispute said Tuesday that opportunists are joining the queue. Since Sunday, authorities have ...
Aun Pheap
http://www.cambodiadaily.com/news/opportunists-join-queue-for-kratie-land-concession-60446/
Three Strategies for Thailand’s Economic Transformation
Speaking at the “Thailand Taking off to New Heights” seminar organised by the Thailand Board of Investment (BOI) on March 19, Thailand’s Deputy Prime Minister Somkid Jatusripitak talked three strategies – investments in mega projects, the development of the Eastern Economic Corridor (EEC), and the ...
Priyankar Bhunia
Expansion approved for Bokor National Park
New resorts, restaurants and casinos could be coming to Bokor National Park after environment officials endorsed an “improved” plan for the mountain along with oknha Sok Kong’s hotel company, according to the government’s News agency. ...
Daphne Chen
http://www.phnompenhpost.com/national/expansion-approved-bokor-national-park
World Bank outlook for Cambodia positive
The World Bank’s biannual report on Cambodia was largely positive given dire economic prospects in Europe, which economists agreed were closely tied to the Kingdom’s key export sectors. The report, released yesterday, predicted 6.6 per cent growth in gross domestic product Manufacturing is predicted to slow slightly this year, ...
Thai court holds hope for transboundary justice in the Mekong
The closely watched lawsuit filed by Thai Mekong communities against the Xayaburi Dam’s power purchase agreement (PPA) has reached a critical juncture: the final day that the Administrative Court will accept evidence into the case. It has been just over a year since the Thai Supreme Administrative ...
EU to Cambodia: Fix human rights or face economic hardship
Both Cambodia and Myanmar heavily depend on the European Union’s duty and quota free trade agreement. But the European bloc believes it is time that these countries address human rights abuses. ...
Ate Hoekstra
https://www.dw.com/en/eu-to-cambodia-fix-human-rights-or-face-economic-hardship/a-46294993
Government under budget for first half
The government spent far less than half of its approved $5 billion budget for expenditures in 2017 during the first six months of the year, according to a new report by the Ministry of Economy and Finance (MEF). ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-under-budget-first-half
Ecuador, Cambodia Sign Antiquities Agreement
Government officials yesterday met with representatives from the Republic of Ecuador to discuss ways to improve economic and political ties between the two countries, Foreign Ministry Secretary of State Ouch Borith said. The two countries also signed a memorandum of understanding to protect Cambodian artifacts ...
China to buy 20,000 tonnes of organic rice from Laos
China has approved the purchase of 20,000 tonnes of organic rice a year from Laos, according to Prime Minister Thongloun Sisoulith. Mr Thongloun said in talks with Khong district authorities in Champassak province last week that Chinese premier Li Keqiang had agreed to the deal. The ...
PM calls for a digital ecosystem for region
Prime Minister General Prayut Chan-o-cha has urged policymakers and entrepreneurs in Southeast Asia to develop and nurture a digital trade ecosystem as information technology in the region takes off. Delivering the keynote speech on the topic of “CLMVT Taking-Off Through Technology”, Prayut praised the region’s status ...
Hydro dam does little for locals, study finds
Most families immediately downstream of Cambodia’s first major hydropower dam are worse off than they were before the project, according to a new study by U.K. researchers that urges the government to pay more attention to impacts on local residents as it gears up for ...
Zsombor Peter and Khuon Narim
https://www.cambodiadaily.com/news/hydro-dam-does-little-for-locals-study-finds-92523/
Laos, Vietnam seeks to boost cooperative relations
Lao and Vietnamese leaders have discussed a number of issues in a move to consolidate the cooperative relations, friendship and special solidarity between the two countries. At a meeting held between Lao Minister of Foreign Affairs Mr Saleumxay Kommasith and his visiting Vietnamese counterpart Pham ...