Economy and commerce
Investment
Japanese SMEs head to Thailand under joint initiative
More than 700 Japanese companies under a Thailand-Japan joint effort to promote small and medium-sized enterprises have started real investment in Thailand this year, says Nangnoi Wetayapong, director of the Bureau of Strategies Management under the Department of Industrial Promotion. The initiative is part of ...
Laos, Cambodia open first official international border crossing
The Nongnokheane-Trapeang Kriel border has become the first official international border checkpoint between Laos and Cambodia after being recognised as a local crossing point for almost 30 years. Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen officially opened the Nongnokheane-Trapeang Kriel international border ...
Gov’t highlights untapped potential of Mekong Delta
Deputy Prime Minister Vương Đình Huệ has instructed ministries and local governments in the Cửu Long (Mekong) Delta to prioritise investment in transportation and logistics services to help improve the region’s competitiveness. Speaking at a conference on logistics services held on January 9 in the ...
Apparel factory closures debated
Questions have been raised about the health of Cambodia’s $6 billion garment sector after local media reported that over 140 garment factories shut down operations last year. Ministry of Labour spokesman Heng Sour, the source of the figure cited in local media, stood by the ...
Thailand expects tourism revenue of nearly $50 billion in 2017
Thailand expects revenue from foreign tourists to rise 8.5 percent to 1.78 trillion baht ($49.8 billion) this year, a deputy prime minister said on January 9. The expected rise results from an improved outlook for global tourism as well as Thailand’s investment in infrastructure, Deputy ...
Rakhine commerce minister sees bright future for black bean exports
The Rakhine State commerce minister is hoping around 10,000 tonnes of black gram beans will be exported to India from Sittwe this year, pending completion of the Kaladan Multi-Model Transit Transport Project. The Kaladan project will connect Mizoram in India to Sittwe, the capital of Rakhine ...
Polluted water causes mass clam deaths in Thanh Hóa
Sea water and wastewater samples related to mass clam deaths in central Thanh Hóa Province have failed to meet environment criteria, said Lê Văn Bình, head of the Environmental Protection Branch under the provincial Department of Natural Resources and Environment, on January 8. All the ...
Kampot pepper pact keeping prices stable
Kampot pepper prices are set to remain stable for another year as part of an agreement between local producers that caps prices through the end of 2017, a representative of the pepper association said on January 8. Ngoun Lay, president of the Kampot Pepper Promotion ...
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...
SME export aid measures en route
The Industry Ministry has planned further measures to raise the competitiveness of small and medium-sized enterprises in the export market, says Industry Minister Uttama Savanayana. He said the ministry is working with related government agencies to draft stimulus packages that will help cut costs and ...