Investment

The Cambodian economy continues to be resilient in the midst of global uncertainty, with a healthy GDP growth of seven percent, and with further prospects for improvement, said Prime Minister Hun Sen in his Khmer New Year address to the nation on April 12. “Despite all ...

Prime Minister Prayut Chan-o-cha will attend the ASEAN summit in Manila on April 29 to discuss community building as well as regional and global issues, the Foreign Ministry said on April 12. Various regional security matters, including the contentious South China Sea disputes, and the ...

Police on April 12 arrested Pasit Ariyalapit, known as “Shogun”, the founder and chief executive of food supplement firm WealthEver, which has been accused of cheating more than 1,000 people who were promised a three-day Songkran trip to Japan but were left stranded at Suvarnabhumi ...

Cambodia and Vietnam made progress toward ambitious economic targets after trade between the countries rose 21.2 percent in the first two months of this year, worth about $624.1 million. Thach Du, Vietnamese ambassador to Cambodia, told local media his nation was Cambodia’s third largest trade ...

ASEAN is working to enhance cooperation between ASEAN member states in the area of cultural heritage protection, following new guidance from the bloc’s leaders. Deputy Secretary General of ASEAN for the ASEAN Social-Cultural Community, Mr Vongthep Arthakaivalvatee, told the media about the progress made on the ...

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I), where infrastructure has not yet been developed, will enjoy favourable ...

In the next round of equitisation, State capital must be sold faster, at higher value, and the enterprises’ corporate governance must further improve, Deputy Prime Minister Vương Đình Huệ has said. Huệ was speaking at a meeting on equitisation and the restructuring of State-owned enterprises ...

China and Myanmar have reached an agreement on an oil pipeline between the neighboring countries after almost a decade of talks, with the project due to start “very quickly,” Chinese vice foreign minister Liu Zhenmin said on Monday. The new oil gateway fits with China’s “One ...

Myanmar’s efforts to promote investment will target 20 newly designated fields covering 192 types of businesses and services, using a law enacted in October that makes it easier for foreign companies to receive tax benefits. The industries covered include manufacturing, agriculture, urban development, communications and medicine, while fields ...

Close to half a million people in Thailand were unemployed last month, up 99,000 or 1.3 percent in the same period last year, which is spurring the government to offer skills training for jobless workers. A total of 496,000 people were jobless last month, a jump ...