Economy and commerce
Bosch backs Thai 4.0 push
The government’s Thailand 4.0 initiative has provided a tremendous business opportunity for German Bosch Group to roll out its smart solutions to all key industries, the chief of the company said. “We welcome and are happy with Thailand’s direction to transform into a digital economy,” ...
Ministry moves to close vine factory
The Environment Ministry has asked Koh Kong provincial governor Bun Leut to stop construction of a factory which will process an indigenous vine and which plans to collect the yellow vine in a protected forest area. According to an official letter sent to Mr. Leut ...
Lenders mull moveable assets
Cambodian financial intuitions should allow customers to use moveable assets as part of their collateral requirements to secure lines of credit, providing the government and lenders strengthen the legal framework for monitoring these assets, an economic researcher has argued. Speaking at the third annual macroeconomic ...
Millcon Thiha GEL foresees advantages in being steel first-comer in Myanmar
MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became ...
Forestry dept offers assurances, admits flaws in wake of lawsuit
The Forestry Department has broken its silence after a Swedish court last week penalised an importer of Myanmar teak, dramatically calling into question the country’s documenting processes for timber sourcing. In a public statement, the Forestry Department claimed that current control systems should be “capable ...
Duty-free soybean imports get state nod
The government on November 24 approved a three-year, tariff-free soybean import plan to ease domestic shortages on the condition that importers promote soybean farming and pay more for domestically grown soybeans. Deputy prime minister Prajin Juntong, who chaired the vegetable oil committee meetings, said importers ...
Sepo urges SRT land development
The State Enterprise Policy Office says land development of 39,000 rai held by the debt-ridden State Railway of Thailand could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some ...
Halal order raises stakes for abattoir
SLN Meat Supplies, the company behind Cambodia’s first industrial slaughterhouse, is hoping to secure an export contract to supply $50 million worth of halal beef to a Malaysian distributor. This would be the company’s first overseas export agreement, and a much-needed boost to secure regular ...
One ministry allows yellow vine, one stops it
While one government ministry gave approval to a Chinese company to collect yellow vine in Koh Kong province, another ministry told the provincial governor on November 24 to halt the construction of processing facilities for the vine, according to letters obtained on November 24. The Ministry ...
Gov’t rice loans find few takers
It has been over two months since the government made available a $27 million emergency loan package to the beleaguered rice sector, yet only 5 percent of the funds have been disbursed. Officials from the state-owned bank in charge of issuing the loans claim the ...
