Economy and commerce

Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it.  The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...

Commerce Minister Jurin Laksanawisit said on Monday (October 7) that the Cabinet has approved a proposal for cross-border economic ties under the Mekong-Lancang cooperation framework. The director-general of the Department of Trade Negotiation has also been given the job of visiting Laos on October 8 to ...

As part of efforts to make Myanmar the doorway to ASEAN door, the government will try to establish a Myanmar-India-China economic corridor, says Yangon Region Chief Minister U Phyo Min Thein. The potential for Myanmar to become a trade hub is good because of its location ...

As multilateral trade negotiations have become unworkable, regional and bilateral alternatives are on the rise. In Thailand’s neighbourhood, the most consequential of these trade vehicles is the Regional Comprehensive Economic Partnership (RCEP). As it missed the boat on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), ...

Cambodia has seen a huge influx of Chinese investment, workers and tourists in recent years. Many in Cambodia are increasingly worried about the negative impact it is having. Sihanoukville, a once-sleepy beach town, symbolizes the transformation brought about by Chinese investment in Cambodia. The town of ...

Thailand needs new thinking on its economy, moving away from the emphasis on growth and consumption to the quality of life rather than the quantity of things, said Pasuk Phongpaichit, Emeritus Professor in Political Economy, Chulalongkorn University. She made the remark at the Fukuoka Prize Symposium ...

Going by the sometimes breathless reports about how well Vietnam has done out of the US-China tariff joust, a reader would be forgiven for thinking that an authoritarian single-party state where farmers make up 40% of the workforce has been transformed into a kind of ...

Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference. While the garment and footwear sectors stand to lose the most if the EBA trade scheme – ...

Cambodia rebuffed Vietnam’s request to provide nationality to its citizens living in Kratie, Mondulkiri, Ratanakiri and Stung Treng provinces, with officials saying law enforcement is the Kingdom’s responsibility. Chheang Vun, the head of the National Assembly’s Committee on Foreign Affairs, International Cooperation, Propaganda and Information, told ...

The Finance Ministry wants to revamp the structure of the excise tax on fuels to base it on carbon dioxide (CO2) emissions, with the aim of reducing greenhouse gas emissions to protect the environment. Finance Minister Uttama Savanayana delegated the Fiscal Policy Office and the Excise ...