Economy and commerce
Trade
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 ...
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 ...
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 ...
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 ...
Southeast Asian capitals bristle at Trump's trade probe
The Trump administration’s order to probe U.S. trading partners for unfair practices has provoked outrage in the Southeast Asian nations under scrutiny, and threatens to deepen a divide that leaves the region more exposed to Chinese influence. Indonesia, for one, has challenged the notion that ...
Vietnam's FPT looks to put self-driving cars on Asian roads
IT company to challenge global giants with low-cost tech. Vietnam’s FPT aims to jostle into competition among industry titans like Apple and Google over autonomous vehicles by commercializing a low-cost system within the next two years. The country’s leading information technology company is targeting about $200 million in annual sales from ...
