Economy and commerce
Sihanoukville port announces bookbuild and IPO date
The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering on the Kingdom’s stock market set for May 31, the company’s sole underwriter said on ...
China yet to give okay to eight rice traders
China has yet to respond to a request made by the Ministry of Agriculture to add another eight local rice traders to the list of 26 that have passed quality control tests to export rice to the Chinese mainland. “Eight local rice traders are still ...
Cambodian rice a big hit in China
A senior official in China’s biggest import and export commodity center has praised the quality of Cambodian rice and called for more agricultural products – mainly milled rice – to be sold on the Chinese market. “Cambodia’s milled rice here has become very popular among ...
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory ...
Fast track gains seen in tax, customs procedures
The finance ministry will build on the successes it has recorded last year in implementing a Resolution on improving the business improvement, Ngô Hữu Lợi, head of its Legal Department, tells the Vietnam News Agency. What are general results of the Finance Ministry implementing Resolution 19/2016/NQ-CP ...
PM applauds Bình Thuận development plans
Prime Minister Nguyễn Xuân Phúc lauded plans to develop the southern coastal province of Bình Thuận into a green, clean and sustainable economy during a local investment promotion conference on April 19. In his speech to more than 240 local and foreign businesses and investors, he said the ...
Company to develop Mekong beach as popular tourist attraction in Vientiane
A private company seeks to put the Mekong River beach in front of Sithan Neua village, Sikhottabong district on the map as one of the most popular tourist attractions in Vientiane in a bid to attract more domestic and foreign visitors. Sithan Neua Mekong Beach ...
BOT urges hedging against currency risk
Bank of Thailand governor Veerathai Santiprabhob on April 19 urged exporters to hedge against volatility in the value of the baht as the country faced the prospect of trade protectionism against the backdrop of tensions on the Korean Peninsula – with “unpredictable” outcomes from the latter. “Geopolitical ...
Mekong River survey begins despite opposition
Survey work on the Mekong River channel project officially started on April 19 in Chiang Rai, and field survey by a Chinese company is expected to begin tomorrow amid strong opposition by environmentalists. The Marine Department revealed on April 19 that China’s CCCC Second Habor Consultant Co ...
Business operations face high logistics costs, study says
High logistics costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in the country are as high as double compared to other neighbouring or ASEAN countries according to ...
