Economy and commerce

Yusen Logistics building halal warehouse in Thailand

Japan’s Yusen Logistics will build a warehouse that complies with Islamic law in Thailand as early as this month, aiming to capture transport demand in Southeast Asian countries with large Muslim populations such as Indonesia and Malaysia. Islamic law sets various restrictions on products; food ...

ASEAN easing stance on China's maritime encroachment

As leaders of Southeast Asian nations prepare to meet for an annual summit starting Wednesday, their collective stance against China’s territorial ambitions appears to have grown markedly softer, reflecting delicate balancing acts by countries vying for economic assistance from Beijing.Keep reading  ...

China slowdown affects Phongsaly investment

Private sector investment in Phongsaly province in the far north of Laos has witnessed a slowdown since the economic setback in China driving down the prices of several products. The decline in global demand, particularly in China has discouraged entrepreneurs from that country coming to ...

Official: inspection underway on reported import of human sperm

Health officials are investigating a report that human sperm has been imported into Laos, a senior government official has said. Lao law prohibits the trade of human organs including blood and sperm, Director General of Health Care Department under the Ministry of Health Associated Professor ...

Rice bank project awards contracts

Thaneakea Srov (Kampuchea) Plc, the recipient of a low-interest $15 million loan from the state-run Rural Development Bank, inked contracts on April 24 with three companies to build and outfit its massive 200,000-tonne capacity silo and warehouse facility in Battambang province. The facility, which will have ...

Startups discuss local challenges

Cambodian startups currently face several regulatory challenges in pursuing growth and profitability, according to three of the Kingdom’s most successful startup founders who shared their experiences over the weekend with the hope to inspire increased innovation and entrepreneurship. A key outtake from the event organised ...

World Bank to loan $100 million to Myanmar financial development project

World Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich ...

Lifting of farmland limit to spur exports of produce

Expansion of land limits and accumulation of land for large-scale production are expected to be the foundation for the branding of farm produce. Vietnam has become a big farm produce exporter, but most of the products are exported as raw materials and don’t bear a ...

Publish list of unlisted, equitised SOEs: deputy PM

Deputy Prime Minister Vương Đình Huệ has ordered all relevant agencies to publicise the list of equitised State-owned enterprises not listed on the stock market as of December 31, 2016. He issued the order in a meeting on Friday. According to the Ministry of Finance, ...

Ten banks see profits rise 8%

Ten banks have announced that their combined net profit in the first quarter of this year was Bt55.71 billion, up 8 per cent from the same period of last year, thanks to increases on both interest and non-interest income. Most of their non-performing-loan ratios in ...

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