Economy and commerce
Trade
Free pass to Thailand gets political in Poipet town
Local authorities in Poipet are grappling with a dilemma of their own making after the ruling party for months footed the bill to make day passes to enter Thailand free for Cambodian vendors – a populist move now complicated by the CPP’s apparent electoral loss ...
SCG enters business start-up sphere
Yuttana Jiamtragan, vice president for corporate administration, said SCG’s corporate venture capital arm, AddVentures, would enable the conglomerate to diversify and strengthen its innovation portfolio through investment in and collaboration with regional and global start-ups, allowing SCG to improve its competitiveness in the digital age. ...
Not all paths to growth the same
Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...
6 border crossings shut to keep IS out
Six temporary border crossings have been closed down along the Kolok River in Narathiwat to prevent members of Islamic State (IS) and other insurgents from sneaking into the country, officials said this week. The closures, which began on Tuesday, have affected about 5,000 villagers in eight ...
Mekong tourism forum to promote sustainable tourism among GMS
Around 350 representatives of states, international organisations and the private sector from the Greater Mekong Sub-region, Asia Pacific and the UN World Tourism Organisation are currently attending a tourism forum in Luang Prabang province. The Mekong Tourism Forum was officially opened on June 7 by the ...
European Chamber chief voices scepticism against the BRI
Filip Lauwerysen, executive director of the European Chamber of Commerce Myanmar, wrote to The Myanmar Times and said that the Myanmar government and businesses should be cautious about the BRI, a scheme which he saw as a move by China to align the terms of trade and ...
VN eyes more fruit exports to Japan
Even as Japan is the fifth largest importer of Việt Nam’s agricultural products, only three kinds of Vietnamese fresh fruits are being sold in the country. A report from the Ministry of Industry and Trade’s Export and Import Department showed that Việt Nam earned US$1.46 ...
FSC to investigate Korean conglomerate’s palm oil operations in Indonesia
The Forest Stewardship Council (FSC), one of the world’s most influential sustainable forestry certification bodies, has announced that it will investigate the Indonesian oil palm operations of Korean agribusiness conglomerate Korindo in response to a formal complaint submitted by environmental group Mighty Earth. The group ...
Indonesia’s plantation lobby challenges environmental law
Palm oil and paper lobby groups have asked Indonesia’s highest court to strike down rules holding plantation firms strictly liable for fires that occur on their land. The groups have also asked the Constitutional Court to eliminate a regulation letting small farmers practice slash-and-burn techniques, the ...
Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released ...
