Economy and commerce

The cost of the coronavirus to Myanmar’s economy

THE IMPACT on Myanmar of the coronavirus outbreak that began in neighbouring China late last year has hit border trade and tourism hard, and there were reports last week that the garment sector was also being affected by supply-chain disruptions. As of February 17, Myanmar was monitoring ...

Ye Mon

Cambodia, China closer to FTA signing deal

Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. The Ministry of Economy and Finance late last week ...

Chhut Bunthoeun

Myanmar approves 12 local and foreign investment enterprises

Myanmar Investment Commission (MIC) recently approved 12 investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday (Feb 15). The enterprises, which will create over 6,600 job opportunities for Myanmar citizens, were permitted at the commission’s ...

Vietnam To Counter China With Asean Backing On Mekong River Region

Vietnam took over the rotational chair of Asean, or the Association of Southeast Asian Nations, in January 2020, so it’ worth noting that Hanoi’s second foremost foreign policy priority after the South China Sea is reportedly the Mekong River region. While the South China Sea, ...

Thitinan Pongsudhirak

Cambodia Gears Up for Launch of Central Bank Digital Currency

The National Bank of Cambodia (NBC) has announced it is preparing to launch a central bank digital currency (CBDC). NBC’s director-general, Chea Serey, said the central bank was developing “the national payment gateway for Cambodia.” It would serve as a blockchain-based, peer-to-peer platform with its own specially designed cryptocurrency. According ...

Daniel Abel

How China is choking the Mekong

The former chief of Pak Chim, a tiny village on a tributary of the Mekong River, remembers clearly the moment he knew his hamlet would be no more. It was a decade ago. A few hundred residents of Pak Chim and nearby villages along the snaking ...

Shibani Mahtani

Hazy shade of winter

Waking up to a misty skyline resembling the mysterious town of Silent Hill, a survival horror video game, with the haze foreshadowing obscured dangers lurking in thick smog, is jarring for all Bangkok residents. The level of particulate matter with a diameter of less than 2.5 ...

Dusida Worrachaddejchai, Suchit Leesa-Nguansuk & Piyachart Maikaew

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies into four income groups, namely high, upper-middle, lower-middle, and low, based on Gross National Income (GNI) per capita in U.S. dollars. Lower middle-income economies are those ...

Taejun Kang

New $212m financing for climate-friendly projects in Vietnam

A new financing package of $212.5 million (£162m) has been announced to support climate-friendly projects in Vietnam. The funding from IFC, a member of the World Bank, will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon ...

Priyanka Shrestha

What Xi wants in Myanmar may not be what he gets

If there were any doubts around China’s thinking about where to direct its money and influence in Southeast Asia, they were dispelled by the recent announcement that Xi Jinping would visit Myanmar on 17 and 18 January, the first state visit by a Chinese leader ...

Michael Sainsbury

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