Economy and commerce
Trade
NA President hails Laos-Cambodia bilateral relations, cooperation
The Lao side highly values the relations and cooperation between Laos and Cambodia, President of the National Assembly (NA), Ms Pany Yathotou told her visiting Cambodian counterpart Heng Samrin in their meeting yesterday in the capital. Mr Heng Samrin is paying an official goodwill visit ...
Shaky outlook for black pepper
The rapid expansion of pepper cultivation in Cambodia coincides with the spice’s plummeting world prices, creating concerns that the glut of pepper ripening on vines across the Kingdom could further erode next season’s market prices and push the sector toward a collapse.Read more ...
Wood veneer exports approaching limit
Wooden veneer, partially-processed timber products have been exported in accordance with the government’s special permission, according to the latest official report. The latest report from the Ministry of Industry and Commerce showed that as of May 19, as many as 12,182 cubic metres of veneer ...
Dry port sets hopes on Belt and Road
The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper Myanmar).“It is a two-year project under UNESCAP agreement between governments,” he said. UNESCAP ...
VN eyes export boost through Chinese border
Việt Nam should implement polices to increase its export volume through its border gates with China by taking advantage of the Việt Nam-China Border Trade Agreement, experts said.The agreement has created favourable conditions for Việt Nam’s border provinces to change reasonably their economic structure, experts ...
China eases restrictions for investment in free-trade zones
China has removed 27 restrictions in its new list of negatives for foreign investment in its free-trade zones, according to a cabinet notice issued on Friday.Chinese leaders have pledged to open the world’s second-largest economy wider to foreign investors, but a negative list is in ...
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 ...
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 ...