Economy and commerce
Supporting SMEs, manufacturing locally and operating in underdeveloped areas criteria for FDI approval, official says
A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or ...
Yunnan pushing trade, investment between Laos, China
Trade value between Laos and China’s south-western Yunnan province has reached US$1.37 billion, making up 40 percent of the total trade between the two nations.Speaking at the opening ceremony of the 2017 South and Southeast Asia Commodities Expo and Investment Fair (SSAECIF) on Monday, Deputy ...
Feasibility study begins on Borikhamxay irrigation project
The Department of Irrigation under the Ministry of Agriculture and Forestry has agreed with China’s Hunan Construction Engineering Group No. 2 Company on a feasibility study of the Nam Khu irrigation project in Pakkading district, Borikhamxay province.A Memorandum of Understanding was signed in Vientiane on ...
Globalisation provides opportunities and challenges
Globalisation is offering both opportunities and challenges for nations since the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.This was the theme of Prime Minister Thongloun Sisoulith’s statement which he delivered at the 23rd International Conference on the ...
Thailand eyes OBOR for Eurasian market
Thailand hopes that China’s “One Belt, One Road” initiative would boost trade and investments as well as increase the number of tourists visiting Thailand from Eurasian countries, including Kazakhstan which is hosting the Astana Expo 2017. Nat Pinyowattanacheep, Thailand’s ambassador to Kazakhstan, said that although ...
Govt mulls new State investment projects
Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following ...
Free pass to Thailand gets political in Poipet town
Local authorities in Poipet are grappling with a dilemma of their own making after the ruling party for months footed the bill to make day passes to enter Thailand free for Cambodian vendors – a populist move now complicated by the CPP’s apparent electoral loss ...
Sihanoukville zone prospers on China links
Established in 2008, the Sihanoukville Special Economic Zone is Cambodia’s largest special economic zone in terms of size and occupancy, covering 1,113 hectares with over 100 tenants and a 16,000-strong workforce. Developed and co-operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and ...
SCG enters business start-up sphere
Yuttana Jiamtragan, vice president for corporate administration, said SCG’s corporate venture capital arm, AddVentures, would enable the conglomerate to diversify and strengthen its innovation portfolio through investment in and collaboration with regional and global start-ups, allowing SCG to improve its competitiveness in the digital age. ...
Not all paths to growth the same
Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...
