Investment policy and regulation
Domestic investors
Myanmar lures visa, other foreign credit card issuers
Overseas credit card companies are looking to Myanmar as the country shifts from cash to card payments. U.S.-based Visa teamed up with Myanmar’s Co-operative Bank (CB Bank) on Jan. 17 to issue credit cards with limits of between 4 million kyat and 5 million kyat($2,946 and ...
Cambodian exports to Japan soar
Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with ...
Ministry to closely monitor agri-business
The Ministry of Agriculture and Forestry will this year closely monitor domestic and foreign investment in this sector as it believes that many companies have not implemented the agreements made or complied with stipulated feasibility study methods. The ministry will strictly apply management measures to ...
Tourism potential as yet unfulfilled in Bolaven Plateau
The Bolaven Plateau in the south of Laos will be developed into the country’s top agri-business and agri-tourism destination thanks to its year round temperate climate. The Bolaven Plateau runs through Champassak province’s Pakxong district, Saravan province’s Lao-ngam, and Xekong province’s Thataeng district and boasts ...
Taking hold
On December 12 the Thai-owned Fraser and Neave completed the purchase of 5.4 per cent of the Vietnamese dairy giant Vinamilk for almost $500 million. Each of F&N’s subsidiaries – F&N Bev Manufacturing and F&N Dairy Investments – bought 2.7 per cent at the starting price ...
Double act
Vietnamese like to get together and whenever they do there is beer on the table. This may explain the interest in the equitizations of the country’s two biggest beer producers. The Saigon Beer Alcohol and Beverage Corp. (Sabeco) in the south and the Hanoi Beer Alcohol ...
Sugar giant has sweet dreams
A colossal sugar mill in Preah Vihear province will roar to life again next week, promising to devour 1 million tonnes of sugarcane in a two-month production run that is expected to yield 100,000 tonnes of refined white sugar, as well as a sizeable chunk ...
Airlines plan promotions after new jet fuel tax drives up fares
Airlines are preparing more marketing campaigns and promotions to maintain ticket volumes after the implementation of a new jet-fuel tax is set to drive up air fares. Major carriers doubt that the higher tax on jet fuel will affect their business in the long term, ...
Banking top hiring sector, says Everjobs
For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...
Siem Reap airport’s future up in the air
The government is ready to move forward with negotiations on compensation for stripping a French company of its concession to operate Siem Reap’s international airport, while plans for the construction of a new Chinese-operated airport to serve the provincial capital are close to being finalised, ...