Economy and commerce
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 ...
Panel hears bribery rife in fish industry
The Command Centre for Combating Illegal Fishing has set up a panel to look into complaints accusing some officials of demanding bribes from trawler operators. Centre deputy head Vice Admiral Wannapol Glormgeao said Tuesday the centre recently received a number of complaints from anchovy trawler ...
US$265 million for smart traffic operation centre in HCM City
A smart traffic operation centre in HCM City will receive an investment of VNĐ6 trillion (US$265 million) from 2017 to 2020, the city’s Department of Transport has said. In the first phase of the project, about VNĐ250 billion ($11 million) will be allocated to upgrade ...
Holidays see record tourists
Cambodia’s top tourist destinations recorded a record number of visitors this Khmer New Year, with 2.5 million locals and foreigners traveling to celebrate the festival around the country. A Tourist Ministry report said Siem Reap province welcomed almost 1.7 million tourists, up 23 percent from last ...
White Building families agree to price drop
About 85 percent of 493 families being asked to sell their White Building homes have dropped their asking price to $1,800 per square meter, but insist they will not negotiate any lower. The agreement came at a meeting of about 100 people at the White Building ...
Asianface director reportedly involved in business fraud in Cambodia
Investors in an allegedly fraudulent scheme offered by the Asian Face company are increasingly concerned after the involvement of its operator in similar activities in his home country were revealed. Currently in police custody in Laos over his Asian Face Company Ltd’s alleged illegal capital ...
Caffeine high as Laos tops South-East Asia's coffee producer rankings
Laos is riding high as largest coffee exporter in ASEAN followed by Vietnam in second place and Thailand third according to figures compiled by the Lao Ministry of Planning and Investment. Coffee is among Laos top export income earners in terms of agricultural commodities, earning ...
Tourism sector looking to boost its capacity
The engagement of local authorities and investments will help the government boost the number of foreign travellers over the years to come, reports a senior tourism official. Deputy Director General of Tourism Development Department under the Ministry Information, Culture and Tourism Ms Phonemaly Inthaphom told ...
