Economy and commerce

Vietnam’s Mekong Delta region targets to earn US$14.34 billion from export in 2016, a year-on-year increase of $1.14 billion. According to the Northwest Steering Committee, during January of this year, the Mekong Delta provinces shipped abroad 1.09 billion USD worth of commodities; mostly seafood, rice, processed foods, ...

The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...

Thailand’s Prime Minister General Prayut Chan-o-cha will attend the inaugural US-ASEAN summit in United States next week, Foreign Ministry spokesman Sek Wannamethee revealed on 5 February. The event will be held at Sunnylands in Rancho Mirage, California from 14-18 February on the invitation of US President Barack ...

The US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on 4 February as protestors demonstrated over fears for jobs and sovereignty. The ambitious deal, promising the elimination of nearly all tariffs among the 12 member nations, aims to break ...

Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced on 3 February. Keep reading ...

Human resource development trends have gradually coincided with labour demand as 146,486 people graduated from Laos’ various educational institutes in various fields over the past five years, a report has showed. Of the graduates, 4,629 people finished their education courses in foreign countries, while the remainder ...

The Bank of Thailand on 3 February unanimously resolved to maintain the policy rate at 1.50 per cent per annum. Keep reading ...

Tiki, a Vietnamese e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$18 million in funding, information technology news website ICTnews reported on 2 February, citing industry insiders. Keep reading ...

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...

Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...