Economy and commerce
Trade
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 ...
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 ...
Public relations firms coming to terms with communication revolution
At the 47th Annual Global Summit of Public Relations Organisation Worldwide, more than 60 of the world’s leading PR agency owners had a heated discussion over the fate of communications. While many of the pundits had opposing views on Brexit, the Trump presidency, and the apparent ...
Gov't seeks to realise outcomes of sub-regional summits
The Ministry of Foreign Affairs on Friday hosted a meeting to discuss the outcomes of the three latest summits held under the cooperation frameworks between Laos, Cambodia, Myanmar, Thailand, and Vietnam. The summits included the eighth summit of Cambodia, Laos, Vietnam plus Myanmar or CLMV ...
Cabinet approves direction of seaport project, discusses work plan
The cabinet agreed last week to establish a private-state joint company to develop the Vung Ang project after Vietnam gave a green light to utilise the seaport in its central Ha Tinh province. The agreement was made at the cabinet’s monthly meeting for April, chaired ...
Trump targets cheap Chinese steel in probe, rallying US steel stocks
President Donald Trump on April 20 launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. Citing concerns about national security, Trump ...
Foreign ministers of US, ASEAN to meet in May
The U.S. Department of State on April 20 said Secretary of State Rex Tillerson will chair a meeting with his counterparts from the Association of Southeast Asian Nations, to be held on May 4 in the U.S. capital. The foreign ministers will discuss China’s maritime aggression ...
Effective education key to escaping middle income trap, ADB says
Thailand faces more challenges as it strives to improve the economy and people’s incomes for the long term as it struggles to move up from being a middle-income country, the Asian Development Bank says. For the short term, the ADB has predicted that Thai exports ...
Surin calls for active ARF role in tackling Korean crisis
ASEAN needs to be more integrated and stronger to cope with the changing global landscape, as “multilateralism” was in decline, former ASEAN chief Surin Pitsuwan said on April 20, calling on the regional grouping to enhance the role of the ASEAN Regional Forum to solve ...
Vietnam stops nine overloaded trucks with illegal lumber
Authorities in Vietnam’s Gia Lai province have recently stopped at least nine overloaded timber trucks crossing into the country from the Kingdom, despite the Cambodian government ostensibly banning wood exports to its eastern neighbour, according to a Vietnamese news report. The report, published earlier this ...
