Economy and commerce
Investment
KrisEnergy ups stake to unclog offshore Block A oil
Singapore-listed KrisEnergy Ltd has upped its stake in the Block A offshore oil field to 95 percent, acquiring the shares of two minority stakeholders who had opposed the Cambodian government’s attempts to renegotiate a revenue-sharing model, the company revealed in its third-quarter filings. The document, ...
Tourism ministry seeks support from Alibaba
The Ministry of Tourism and Sports will hold talks with Alibaba Group on November 4 to seek support for tourism in this country and the possibility of using the group’s Alipay platform for an e-visa system. Tourism and Sports Minister Kobkarn Wattanavrangkul said that after meeting ...
Aquafarming tech will be key to satisfying a seafood-hungry Asia
Some 800 meters above sea level and more than 100km from the nearest ocean, thousands of red sea bream thrive in the mountains of central Japan. Despite being far from their usual habitat, the fish are growing at a healthy rate in their large round ...
Govt begins buying up rice paddy to help farmers amid slump in prices
Government agencies have begun implementing measures aimed at helping rice farmers sell their produce amid declining paddy prices. The Ministry of Agriculture and Cooperatives is buying up paddy of Hom Mali fragrant rice from farmers throughout the country, Agriculture and Cooperatives Minister General Chatchai Sarikalya ...
SMEs urged to use digital technology
Vietnamese firms, especially small- and medium-sized enterprises, should take advantage of the power of digital technology to boost sales and improve competitiveness, delegates said at a workshop held in HCM City on November 2. Việt Nam has a high growth rate of internet penetration, with ...
ASEAN figure out improvements to statistical systems
The Sixth Session of the ASEAN Community Statistical System Committee on November 1 opened in Vientiane to discuss ways to improve the statistical systems used by the committee. The meeting was attended by Minister of Planning and Investment Dr Souphanh Keomixay, Head of the Lao Statistics Bureau ...
Emerald hopes to draw first gold by end of 2018
Australian mining firm Emerald Resources expects to complete a definitive feasibility study for its Okvau gold project in Mondulkiri province by early next year, with gold production to commence by the end of 2018, according to an investor presentation released on November 2.Keep reading ...
China works with Asean countries for return of corrupt officials
China and ASEAN countries will set up a regional anti-corruption legal framework to facilitate the return of corrupt Chinese officials who are still at large in ASEAN countries and confiscate their ill-gotten assets, a senior anti-graft official said. China is in advanced negotiations with some ASEAN ...
Bancassurance has room to grow
The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry specialists said during a conference in Phnom Penh on November 2. Robert Elliott, CEO of Manulife, said during a panel discussion that rising ...
‘Forward Cabinet’ meets to resolve problems in southern border provinces
The 13-member “Forward Cabinet” will meet with the heads of state agencies and private sector representatives to gather inputs for the “Triangle of Stability, Prosperity, and Sustainability” development project on November 2. The project is aimed at elevating three districts in the southern border provinces into ...
