Economy and commerce
Investment
Cambodia to protect European patents
Cambodia is set to become the first country in Southeast Asia to recognise and protect European patents after the Minister of Industry and Handicrafts signed an agreement with the European Patent Office on January 24. The agreement, expected to come into effect in July, places ...
Renewed interest in Bangladeshi trade ties
Cambodia and Bangladesh made a fresh push on January 24 to revive dormant bilateral trade initiatives, with Phnom Penh hosting the first-ever conference and exhibition for a delegation of leading Bangladeshi companies. Bangladesh’s Ambassador to Thailand and Cambodia Saida Muna Tasneem admitted trade between the two ...
More tourists, less revenue
The Ministry of Tourism released its annual report on January 24 during its yearly meeting, showing growth continued for the sector in 2016, while launching a campaign to eliminate unlicensed tourist establishments that ministry officials claim slowed revenue collection last year. International tourism arrivals increased by ...
Xieng Khuang promoting native cattle exports
Xieng Khuang province plans to expand the breeding of native cattle for domestic and overseas sales with the province already exporting almost 10,000 head per year. The province has promoted health programmes with vaccinations to protect local breeds from diseases and ensured that sufficient pasture ...
Mushroom’s SME programme crosses the borders
Mushroom Television Co is taking its hit SME programme “Young Self-Made Millionaire”, which has been airing on MCOT for five years, to Laos next month, and to Vietnam and Cambodia in March. “We expect the expansion will help our growth to reach 10 per cent ...
'Bio-economy' to draw Bt400 bn
The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years. Speaking at the signing ceremony for a memorandum of understanding between the public and ...
Laos, China launch plant inspection and quarantine project
Laos will benefit from a new plant inspection and quarantine development project with a feasibility study looking at improving the protection of agriculture and forestry production along the country’s borders. An agreement to implement the project was signed on Friday in Vientiane between the Director ...
Oudomxay eyes development of tourist sites
About 100 tourist sites in Oudomxay province await development so that visitors can fully enjoy them in comfort. The Oudomxay Tourism Office says there are 106 officially designated tourist sites in the province. An official at the office, Mr Van Mingboupha, told Vientiane Times on ...
Thailand's expanding state 'threatens future growth'
Expansion of creaking rail system may put economy on the wrong track, critics say. Thailand is banking on its state-owned enterprises to spearhead economic growth in 2017 through massive investments in infrastructure. The push has brought one of the kingdom’s biggest and oldest SOEs, the State ...
Lao, Thai companies launch Saravan agribusiness project
The Tripletwo 222 Holding Co., Ltd. under Tripletwo 222 Group of Thailand has teamed up with Bachieng Agriculture Promotion Export-Import Sole Co., Ltd. to establish a large tapioca factory in Saravan province. The project is underway with investors expecting construction to be completed in 2019. ...
