Economy and commerce

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 ...

Veunkham-Dong Kralor border between Laos and Cambodia in Champassak province’s Khong district has updated its services and will operate as a local border crossing. This border is located in Veunkham village, about five kilometres from Nongnokheane-Trapeang Kriel International Checkpoint between Laos-Cambodia that officially opened last ...

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, ...

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 ...

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 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 ...

With the start of the dry harvest season for cassava kicking off, farmers are calling for the government to support the struggling sector with initiatives to address recurring capital shortages and market volatility. Sum Heang, head of the Pailin Cassava Association, which represents 52 cassava-growing ...

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 ...

Everyone knows that nurturing brainboxes is good for an economy. In Thailand, school reformers have an extra incentive: to narrow differences between rich people in cities and their poorer rural cousins, which have led to a decade of political tension and occasional eruptions of violence. ...

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, ...