Economy and commerce

Asia leaders off-the-mark to congratulate Trump on victory

Philippine President Rodrigo Duterte congratulated US President-elect Donald Trump, hoping for ‘enhanced Philippines-US relations’ while Bangladesh’s Sheikh Hasina invited Trump and his wife to visit Bangladesh. Leaders across Asia congratulated Republican Donald Trump on winning the bitterly fought US presidential election. Philippine President Rodrigo Duterte extended his wishes to the US ...

VN five-year economic plan to focus on non-state sector

Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic ...

Creativity vital to progress of society, economy: Adobe study

Adobe Systems, a US-based multinational computer-software company, sees strong growth in use of its Creative Cloud product in Asia-Pacific countries because the number of subscribers outside the United States grew almost 50 per cent as of end of the third quarter. The 46-per-cent year-on-year subscription ...

Garment workers urged to boost sector’s productivity

Prime Minister Hun Sen on November 7 urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony ...

Industrial park aims for SME segment

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...

New border crossings between Laos, Cambodia to boost trade and investment

Laos and Cambodia have agreed to open new border crossings to link the two nations more closely and enhance trade and investment cooperation. The plans were agreed to during Prime Minister Thongloun Sisoulith’s meeting with his Cambodian counterpart Hun Sen in Phnom Penh in June. ...

NA members want new law to ban import of discarded electronic goods

Service fees and product standards offered by telecommunications companies as well as the import of discarded electronic products were among the concerns raised by National Assembly members during a debate on the newly drafted Law on Information and Communication Technology. The draft law was made ...

Vietnam ‘should sell rice to Africa’

Vietnam and the International Rice Research Institute hope to boost cooperation in developing genetic resources and choosing technology to improve rice quality, experts have said. The IRRI gene banks, wild-rice introgression population, structured genetic population and breeding lines represent a critical resource for generating the ...

Myanmar start-ups run into hurdles

Although start-ups in Myanmar aim high for rapid growth, they face hurdles such as difficult access to funding, low user education, and a lack of proper laws and regulations. Lwin Htoo Ko, chief technical officer of ezStay, a digital platform that provides temporary accommodation to ...

Rice standards run out of steam

The government is seeking funding to complete its effort to draft standards for 11 local varieties of rice as part of an initiative aimed at facilitating efforts to market Cambodia’s most important agricultural crop, a government official said on November 6. Chheng Uddara, a department ...

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