Economy and commerce
Investment
FDA urged to issue product safety details
Consumer protection networks have called on the Food and Drug Administration to reveal information on products certified by the agency to help ensure the safety of consumers who buy them online. Sathaporn Arakwatana, a freelance researcher on consumer rights, said the FDA should disclose a ...
International donors must call Cambodia out on corruption
Cambodia’s economy has grown rapidly in the last two decades, with gross domestic product increasing almost sixfold from 1998 to 2015, according to the World Bank. But for most of that period, headline economic growth failed to generate commensurate development outcomes or increases in government ...
Chinese-invested firm builds solar-panel plant without environmental report
JA Solar Vietnam, a subsidiary of Chinese JA Solar Group, is building a big $280 million solar panel plant in Bac Giang province, though it has still not submitted a report on the possible impact on the environment as stipulated by law. The Bac Giang provincial ...
Transport hardware upgrade needed for modern warehouses
The arrival of bonded warehouses and modern technologies are good news. But the logistics industry can only start competing with nearby regions if the country’s roads, bridges and highways receive a massive upgrade. In 2014, the Economist boldly claims that if Buddhist monks represent Myanmar’s past, ...
New market building for Sittwe
A new building which will be constructed to replace the May Yu market in Sittwe township, Rakhine State, will include facilities such as a playground, hall, cinema and restaurants, as well as 268 shop lots offering goods such as clothing, commodities and electronic products. Construction ...
Spanning the economic gap between Asia and Latin America
Politically, 2016 was a volatile year. The electoral changes in Europe, North America, and Asia have created uncertainties for international trade and investment in 2017. It’s clear that there’s a growing sense of nationalism and anti-internationalization where the masses feel they are missing out on ...
First submarine cable launched
Telcotech, a subsidiary of local internet provider Ezecom, officially launched Cambodia’s first undersea fibre-optic communications cable on March 15 after nearly two years of construction, promising faster, cheaper and more secure internet connectivity. The 1,300-kilometre-long Malaysia-Cambodia-Thailand cable connects the three countries to the existing Asia-America ...
ASEAN moving into RCEP
On March 14, experts welcomed recent moves by ASEAN members to agree to cut 90 percent of tariffs in the Regional Comprehensive Economic Partnership for between 5,000 to 6,000 kinds of products over the next 15 years, saying it would fully benefit Cambodia after the ...
IMF calls for growth through stimulus
The International Monetary Fund has recommended that Thai policymakers implement both fiscal and monetary stimuli in order to boost economic growth and steer inflation back to target. The recommendation was made during a visit to Bangkok for Article IV consultations. “The team recommends monetary policy ...
Đà Nẵng tops competitive index
Đà Nẵng maintained its status as the most competitive locality in the country, topping the Provincial Competitiveness Index 2016 for the fourth consecutive year and seventh year at the top position since the rank was announced. The annual report, the 12th of is kind so ...