Costs set to torpedo Krabi power deals

The auction results that awarded three private companies contracts to build a Krabi coal-fired power plant and deep-sea port are expected to be revoked after delays pushed construction costs higher. The Electricity Generating Authority (Egat) may have to open a new bid if the new environmental ...

Platform to unify online trading on CSX

A central online trading platform expected to launch by the end of the year will allow investors to trade securities listed on the local stock market using a desktop computer or smartphone.Lamun Soleil, director of market operations at the Cambodia Securities Exchange (CSX), said the ...

China eases restrictions for investment in free-trade zones

China has removed 27 restrictions in its new list of negatives for foreign investment in its free-trade zones, according to a cabinet notice issued on Friday.Chinese leaders have pledged to open the world’s second-largest economy wider to foreign investors, but a negative list is in ...

PV Power wants strategic investors to buy shares

PetroVietnam Power Corporation (PV Power), a subsidiary of state-owned energy giant PetroVietnam, will sell 49 per cent of its stake later this year, with priority given to strategic investors.The corporation is going ahead with the equitisation process, and its initial public offering (IPO) is planned ...

Govt mulls new State investment projects

Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following ...

Sihanoukville zone prospers on China links

Established in 2008, the Sihanoukville Special Economic Zone is Cambodia’s largest special economic zone in terms of size and occupancy, covering 1,113 hectares with over 100 tenants and a 16,000-strong workforce. Developed and co-operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and ...

Not all paths to growth the same

Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...

Germany providing over 423b kip for rural, sustainable economic development

The government of Federal Republic of Germany has agreed to provide grant aid of over 423 billion kip (EUR 45.8 million) for sustainable economic development, rural development and natural resources management in Laos.The financial and technical support by the German government extended to the Lao ...

Chinese traders prefer Hpakant over Mandalay gems market

Buyers from China have found it much easier to do business in the mines of Hpakant than in Mandalay’s Maha Aung Myay Gems Trading Centre, the city’s largest emporium which features more than 1000 shops, especially if they want to buy raw or uncut jades. “I have ...

Mekong tourism forum to promote sustainable tourism among GMS

Around 350 representatives of states, international organisations and the private sector from the Greater Mekong Sub-region, Asia Pacific and the UN World Tourism Organisation are currently attending a tourism forum in Luang Prabang province. The Mekong Tourism Forum was officially opened on June 7 by the ...

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