Economy and commerce
Investment
Trade groups raise traffic concerns as Yebu gate reopens
The Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in ...
KBank keen to buy Indonesian banks
Thailand’s fourth-largest bank, Kasikornbank, is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. The regulations require foreign banks to buy more than one bank, and that the ...
Nong Or development project to commence construction
The Nong Or project to develop a tourism site in Sikhottabong district, Vientiane will commence construction in the near future after a project design model was selected recently. The project is now awaiting approval from the Vientiane authorities after the developer, Kanghua Investment Co., Ltd, ...
Ministry to meet sugar companies over land dispute
The Land Ministry will meet with the three companies at the center of the decade-long land dispute in Koh Kong province this week in an attempt to finally resolve the villagers’ grievances. In a letter made available to the public on January 18, the ministry’s ...
Rubber exports stable
While international rubber prices rebounded late last year, Cambodia’s exports in 2016, however, remained relatively unchanged compared with 2015, according to the Ministry of Agriculture, Forestry and Fisheries. The ministry’s figures indicate that Cambodia exported 128,111 metric tons of rubber in 2016, with a marginal increase ...
Cambodia joins global infrastructure fund in Davos
Cambodia has become the first Asian country to sign on to the Sustainable Development Investment Partnership, a global initiative that aims to unlock the funding of infrastructure projects through public-private sector partnerships. The announcement came during Prime Minister Hun Sen’s four-day visit to the annual ...
Cambodia eyes AIIB loan
Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank from next year in response to the current need for infrastructure development. Visiting AIIB vice president and chief investment officer D.J. Pandian met with Vongsey Vissoth, secretary of state at ...
Thai delegation to visit for talks on expanding trade, investment
Thailand’s Deputy Prime Minister Mr Somkid Jatusripitak is due to lead a business delegation to Myanmar early next month on a visit aimed at expanding bilateral trade and investment, the Bangkok Post reported. It quoted Mr Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, ...
Thailand hopes to soar to the top of the aviation industry
As Asia edges towards becoming the world’s leading travel market, Thailand is gearing up to become a full-service aerospace hub, but does it have the facilities, resources and safety standards to dominate this lucrative industry? On an icy cold January day in 2009, US Airways ...
Uber delivers food in Bangkok
If you want to get the food you want from the restaurants you love, all from the comfort of your own home, Uber is now offering its first stand-alone food delivery app that lets you order grub the same way you order wheels. UberEats currently allows ...