Economy and commerce
Singapore hopes to be part of Laos’ growth story: PM Lee
Laos’ leaders have ambitious plans for the country, and Singapore hopes to be part of Laos’ growth story, Prime Minister Lee HsienLoong said on Tuesday. Speaking at an official dinner at the Istana for visiting Lao Prime Minister Thongloun Sisoulith, Mr Lee noted that Singapore ...
Port unveils $200m expansion
Sihanoukville Autonomous Port is to build a $200 million container terminal as part of an expansion project due to be completed by 2022. The expansion is intended to address a surge in the volume of containers passing through the country’s only deep-sea port. The existing container ...
Start-up for refinery construction
Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. Cambodian Petrochemical Company (CPC) formed a joint venture with China Perfect Machinery Industry Corp (Sinomach) for ...
Weather index-based insurance project to cover crop damage
A weather index-based crop insurance is going to be introduced as pilot projects in Pyay township, Bago Region and Shwebo township, Sagaing Region, starting from May 8. According to the Ministry of Agriculture, Livestock and Irrigation deputy permanent secretary U Myo Tint Tun, the insurance ...
New rules could stymie education FDI
Experts have objected to several provisions of a draft decree on foreign investment in education saying they need further clarification and revision. They expressed their opinions at a consultative workshop held last week on a draft decree prepared by the Ministry of Education and Training. ...
VN lacks tools to net pyramid sharks
Viet Nam lacks the legal wherewithal to deal comprehensively with dubious multilevel marketing companies operating in the country, officials say. While a crackdown on pyramid schemes by the Vietnam Competition Authority has made some headway, authorities are unable to exercise due control over the multilevel ...
Beaches, eco-tourism spots packed with holiday revellers
Tourist spots, hotels and amusement venues, and buses and ferries across the country were packed with holiday makers during the four-day holiday that ended on May 2. The sunshine and hot weather in the south made it suitable for sea-related tourism and eco-tourism. Hotels in Vũng ...
Private sector sees export growth rising by up to 3.5 per cent
A peak grouping of private-sector financial organisations has raised its forecast for this year’s export growth to 2-3.5 per cent amid a pick-up in the global economy. But the Joint Standing Committee on Commerce, Industry and Banking warns that uncertainties over the trade policies of the ...
Local silk industry seeks Chinese support
More than 20 local silk companies and producers are seeking the support of Chinese silk experts, in the form of joint ventures, to help them raise silkworms and cultivate mulberry trees. The companies made this call at a business matching event with representatives from the ...
CRF urges millers to pay up
The Cambodia Rice Federation will hold a meeting with milled rice exporters tomorrow to enforce the payment of fees for the federation’s operations. The meeting comes amid criticism from exporters that the CRF had done nothing to boost their exports and seek new markets. Hun Lak, ...
