Economy and commerce
Rubber recovery boosts profits
Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies. The world rubber price closed at 208.5 yen per kilo on November 11, 4.98 per cent higher ...
Sand extraction in Koh Kong province halted, ministry says
Facing mounting scrutiny over the country’s sand trade, the Ministry of Mines and Energy said on November 16 that all sand extraction had been suspended in Koh Kong province, where much of the country’s extraction takes place. “We have suspended it for a long time already,” ...
Trade GSP can’t make profit for Myanmar in short term
Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs ...
Trump vows Paris Agreement pull out; world unites behind green economy
The 22nd United Nations climate summit began as a wonky, low-profile affair. Nearly 200 nations, finally agreeing to keep the world from burning up, began writing the rulebook by which the goals of the 2015 Paris Agreement could be achieved, while seeking the trillions needed ...
Cambodia's labour ministry praises Trump's pledge to kill TPP
In the wake of Donald Trump’s surprise win in the US presidential election on November 9, Labour Ministry spokesman Heng Sour said on November 10 that the president-elect’s campaign promise to pull out of the Trans-Pacific Partnership trade deal would restore the Cambodian garment sector’s competitiveness ...
Factory openings provide 50,000 new jobs
More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...
Govt proceeds with planned Mekong hydro project
The government has informed the Mekong River Commission that it will proceed with the planned development of a new Mekong hydropower project in Pakbaeng district, Oudomxay province. The MRC Secretariat said on its website that it has received notification from the Lao government that Laos ...
Singapore, VN enhance economic co-operation
Over the past five years, Singapore’s investments in Việt Nam have nearly doubled. Singapore’s Trade and Industry Minister, Lim Hng Kiang, emphasises the development of longstanding economic relations between Singapore and Việt Nam, which have yielded concrete outcomes, including creation of the Việt Nam-Singapore Industrial ...
Factory for Nissan cars, parts proposed
A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said on November 9. Eang Sophallet, a spokesman for Prime Minister Hun Sen, said the premier met the ...
ASEAN, China join forces to tackle transnational crime
ASEAN member states and China will further boost their joint efforts through bilateral and multilateral cooperation mechanisms to tackle transnational crime. Transnational crime includes drugs and human trafficking which are increasing in scale as reflected by the large number of young people that fall victim ...
