Economy and commerce
Trade
Anti-coal group issues deadline to halt EHIA
Authorities have until Monday to withdraw the environmental and health impact assessment studies for the controversial Krabi power plant project or brace for a major protest, a group opposing the project warns. Prasitthichai Nunual, key coordinator of Save the Andaman from Coal network, said the ...
Rice exporters rail against storage minimum
Delegates attending a seminar in HCM City on February 22 urged the Government to amend or revoke a decree on rice exports which they said impedes exports of the grain. After the 2008/9 food crisis, Decree 109 was adopted requiring rice exporters to have at least ...
BOT embraces big data, analytics for micro-financial activities
The Bank of Thailand is investing in big data and data analytics in an effort to deal with complicated transactions arising from consumers’ micro-financial activities in the digital age. In the digital age, technology has rapidly changed and it is affecting how businesses are run, posing ...
KrisEnergy to consider selling stake in Block A
Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. The oil and gas company posted $237.1 million in net losses for the 2016 fiscal ...
Meat imports rack up $100M tab
Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said on February 23. Lor Reaksmey, spokesman for the Ministry of Agriculture, said Cambodia’s heavy ...
Hot issues debated at cabinet meeting
A number of hot topics ranging from the illegal drug trade, measures to drive economic growth, and infrastructure development were tabled for debate at the monthly cabinet meeting which began on February 23. Chaired by Prime Minister Thongloun Sisoulith, the ordinary meeting for February heard ...
Govt dealing with illegal petrol imports
New requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to ...
Laos, Cambodia enhance longstanding relationship
Laos and Cambodia plan to continue to foster their deep, longstanding and traditional friendship, relations and solidarity. The two countries’ leaders made their intentions clear during a two-day state visit to the Kingdom of Cambodia by President Bounnhang Vorachit. President Bounnhang visited Cambodia from February ...
Exports prioritised to meet trade target
According to official figures from the Ministry of Commerce, trade volume reached US$23 billion until the end of January in this fiscal year. The ministry has set the target trade volume to be $31 billion, therefore the ministry will continue trying to achieve its target ...
The real cost of Thailand scrapping its sugar subsidy program
Thailand is ending its sugar subsidy programme after complaints that it dragged down global sugar prices. But both rural farmers and the ruling junta could suffer from the decision. The Thai government has announced that it will end its programme subsidising its sugar industry nearly a ...