Economy and commerce
Sugar giant has sweet dreams
A colossal sugar mill in Preah Vihear province will roar to life again next week, promising to devour 1 million tonnes of sugarcane in a two-month production run that is expected to yield 100,000 tonnes of refined white sugar, as well as a sizeable chunk ...
Airlines plan promotions after new jet fuel tax drives up fares
Airlines are preparing more marketing campaigns and promotions to maintain ticket volumes after the implementation of a new jet-fuel tax is set to drive up air fares. Major carriers doubt that the higher tax on jet fuel will affect their business in the long term, ...
Aquaculture plan gets the nod
Cambodia has agreed for a China-based firm to invest $100 million in freshwater and seawater aquaculture projects to supply fish for local demand and export. The Ministry of Agriculture, Forestry and Fisheries on February 2 signed an agreement with China Ocean Fishing Holding Limited for a ...
Road No. 17B to Laos-Myanmar bridge deteriorating
A 70-kilometre section of Road No. 17B linking the Laos-Myanmar Friendship Bridge to Sing district town in Luang Namtha province remains unpaved after almost two years and is deteriorating. An official of the provincial Public Works and Transport Department Mr Chansamone Outamavong, told Vientiane Times ...
Record trade surplus for Australia
Australia boasted its biggest trade surplus on record in December as surging commodity prices showered the resource-rich nation in cash, a windfall that could lessen the risk of a downgrade to its triple A credit ratings. Yesterday’s data from the Australian Bureau of Statistics showed ...
Banking top hiring sector, says Everjobs
For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...
Siem Reap airport’s future up in the air
The government is ready to move forward with negotiations on compensation for stripping a French company of its concession to operate Siem Reap’s international airport, while plans for the construction of a new Chinese-operated airport to serve the provincial capital are close to being finalised, ...
Third cement factory for Thai giant
Siam Cement Group, Thailand’s largest conglomerate, is tapping into Cambodia’s booming construction sector and opening its third cement plant in Battambang province next year. Governor of Battambang province Chan Sophal told Khmer Times that SCG, a majority shareholder in Kampot Cement, started construction on the ...
As America retreats, Asia is the last hope for free trade
Fukunari Kimura, a professor at Keio University and an expert in Asian trade, indicated in a Nikkei interview that the Regional Comprehensive Economic Partnership, a proposed free trade agreement, should be a stronghold of free trade, since the Trans-Pacific Partnership has suffered a setback with ...
Southeast Asian governments are ramping up spending
Governments in Southeast Asia are ramping up spending just as central banks are putting away their policy-easing tools. From Thailand to Malaysia, states are boosting budgets for railways, roads and other infrastructure projects to help bolster growth in a region facing uncertain global markets and the ...
