Economy and commerce
Myanmar weighs merits of India bean agreement
India is playing hardball with Myanmar’s beans and pulses sector, pushing for a per-tonne deal that falls well short of domestic market rates. Assistant director of the Ministry of Commerce U Khin Maung Lwin confirmed that Myanmar and India are locked in negotiations over a proposed ...
Rice harvest prompts wary sales
The government will pause its efforts to dispose of state rice stocks to curb any adverse impact on domestic rice prices as the latest harvest enters the market. According to Duangporn Rodphaya, director-general of the Foreign Trade Department, with the annual rice harvest season beginning ...
Technology firms stop selling software as losses mount up
Technology firms, which have incurred loss of revenue because of copyright infringement, have decided to rent, rather than sell, software to businesses at low fees. In mid-September, about 15 technology firms, including well-known names such as Microsoft, ODS, Vonline, Nhan Hoa, BKNS, ESC, Hostvn, and Mat ...
Tourism gears for China rising
Cambodia is working to develop more facilities for Chinese tourists, including an accreditation system for tourism establishments, as part of its “China-Ready” strategy announced in May. Tourism Ministry spokesman Tith Chantha said on October 20 that Chinese tourists present a huge opportunity for Cambodia’s tourism industry ...
State counsellor addresses Rakhine attacks while in India
“We as a nation are struggling to make the democratic culture take root,” State Counsellor Daw Aung Suu Kyi told reporters after meeting Indian Prime Minister Narendra Modi on October 19. The state counsellor was on her first official visit to New Delhi where she attended ...
Slow ODA disbursement hampers Vietnam
Slow ODA disbursement is badly affecting Vietnam’s credibility and development according to a workshop on ODA programmes heard on October 18 in Hanoi. The problems were discussed at the workshop on accelerating the implementation and disbursement of ODA programmes and projects. According to the Deputy Minister of ...
Huge challenges still facing Vietnam's economy
It has been five years since the economic restructuring programme was launched, and despite some improvements to the Vietnamese economy, there has been little change in the growth model. For that reason, many have called for a reconsideration of the restructuring methods used over the past ...
Airports nationwide see volume growth
Passenger traffic through Thailand’s six major airports continues to show robust growth, leaping 12.3% to almost 112 million in the fiscal year to September. The figures reflect the country’s vibrant aviation industry, fuelled by flourishing tourism, growing economic activity and Thailand’s importance as an air ...
TFF to fund western expressway project
An expressway linking Rama III Road, Dao Kanong and the western outer ring road, will be the first project financed by the Thailand Future Fund, Deputy Prime Minister Somkid Jatusripitak says. The cabinet in December approved the launch of TFF to raise liquidity from the ...
Agro SEZ to grow China exports
A Chinese firm plans to invest at least $2 billion into developing the Kingdom’s first special economic zone geared entirely for agro-processing and storage, with the sprawling zone’s factories and warehouses aimed at meeting the growing potential for Cambodia to export its agricultural produce to ...
