Economy and commerce
Investment
Feasibility study begins on Borikhamxay irrigation project
The Department of Irrigation under the Ministry of Agriculture and Forestry has agreed with China’s Hunan Construction Engineering Group No. 2 Company on a feasibility study of the Nam Khu irrigation project in Pakkading district, Borikhamxay province.A Memorandum of Understanding was signed in Vientiane on ...
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 ...
Should FIEs provide outbound tours? domestic travel firms say no
Some travel firms have expressed disappointment about the latest draft version of the amended Tourism Law, which removes the regulation on allowing foreign-invested enterprises to organize outbound tours. The current Tourism Law does not allow FIEs to provide the services. A hope arose among foreign travel ...
European Chamber chief voices scepticism against the BRI
Filip Lauwerysen, executive director of the European Chamber of Commerce Myanmar, wrote to The Myanmar Times and said that the Myanmar government and businesses should be cautious about the BRI, a scheme which he saw as a move by China to align the terms of trade and ...
FSC to investigate Korean conglomerate’s palm oil operations in Indonesia
The Forest Stewardship Council (FSC), one of the world’s most influential sustainable forestry certification bodies, has announced that it will investigate the Indonesian oil palm operations of Korean agribusiness conglomerate Korindo in response to a formal complaint submitted by environmental group Mighty Earth. The group ...
