Economy and commerce
Investment
China agrees to double rice import quota: PM
China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China on September 12, offering a much-needed boost to Cambodia’s beleaguered rice sector. The prime minister said China’s government had officially ...
Palm farmers eye a sweet deal
Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market. Prak Sereywath, president of the Cambodia Institute for Research and Rural ...
Alibaba’s presence in ASEAN region will help integrate China, SE Asia markets
Following Chinese e-commerce giant Alibaba Group’s recent announcement of boosting investment and its presence in the market of the Association of Southeast Asian Nations, a question comes to mind – can China and Southeast Asian countries integrate each other’s huge consumer markets via e-commerce platform? The ...
Laos, Thailand plan to build more bridges across the Mekong
Laos has proposed three additional Mekong River bridge links with Thailand as part of a joint project to foster closer ties between the two countries. The proposal suggests bridges be built to link the Lao and Thai provinces of Borikhamxay and Bung Karn, Saravan and Ubon ...
Cambodian PM's trip to ASEAN-China Expo brings fruitful outcome for bilateral ties: official
Cambodian Prime Minister Samdech Techo Hun Sen’s visit to Nanning in southwestern China’s Guangxi Zhuang Autonomous Region has brought closer relations between the two countries, a Cambodian senior official said on September 12. “The prime minister’s visit to Guangxi Zhuang Autonomous Region in China ended ...
Drought devastates local shrimp industry
This year’s prolonged drought and saltwater intrusion in the Mekong Delta has destroyed more than 81,000 hectares of prime shrimp breeding areas in eight provinces, says the Ministry of Agriculture and Rural Development. Shrimp farmers in Ca Mau Province in the very south of the country, ...
New Myanmar investment law is the ‘right move’
International lawyers have welcomed Myanmar’s new investment law, saying it will create a better investment environment for both local and foreign investors once enforced. Jo Daniels, managing partner of Baker & McKenzie Myanmar, said at a media roundtable that the new law could be one ...
Govt urged to adopt sustainable devt goals
The representative of the United Nations Development Program has called on the Duterte administration to adopt the UN’s Sustainable Development Goals, saying it would help make a difference in poverty reduction and socioeconomic development. UNDP country manager Titon Mitra told reporters the Philippines would be able ...
Chile to boost exports by targeting Asian middle class
Chile, one of the major trading nations in South America, has relied heavily on exports of minerals, mainly copper. As falling copper prices have taken a toll on the nation’s economy, it is shifting its focus to exports of agricultural, forestry and fishery products, as ...
Competition and bidding wars between Chinese firms impairs ASEAN trade and investment
Three years ago Chinese Premier Li Keqiang outlined a roadmap for a shared “diamond decade” in the relations between China and the Association of Southeast Asian Nations, and pledged to expand bilateral trade to $1 trillion and two-way investment by $150 billion by 2020. Given ...