Economy and commerce
Trade
PPP gross cost investment model ‘best for motorway projects’
The Highways Department proposed at a meeting on September 14 that two motorway projects. The meeting was held to prepare for today’s meeting of the Private Public Partnership Policy Committee. The committee is to consider the two projects. According to the Highways Department, the PPP Gross Cost model ...
Chinese outfit moots two new railway lines
A Chinese engineering firm has proposed adding a pair of new railway lines to Cambodia’s fledgling rail infrastructure, with the Ministry of Transportation saying they’re interested – if the company can pay for it. Representatives from Jiangxi International (Cambodia) Ltd met with Transportation Minister Sun Chanthol ...
State aid for cassava farmers
The government is set to introduce measures to curb the adverse impact of falling tapioca prices in light of lower imports from China and price-cutting competition. Wiboonlasana Ruamraksa, director-general of the Internal Trade Department, said the measures include schemes to cut farmers’ existing loan interest, ...
Why natural gas is a bridge fuel to nowhere
For decades, coal-fired power dominated the U.S. energy supply—and was a leading source of greenhouse gas emissions. But a combination of factors including cheap natural gas, stronger pollution controls, increasing investment in renewable power and improved energy efficiency have pushed coal’s share of the energy market ...
American business lobby to host exclusive dinner with Aung San Suu Kyi
When the US government relaxed sanctions on Myanmar’s state-run companies and banks but stopped short of lifting all sanctions in May this year, the US Chamber of Commerce was not pleased. The American business lobby called for the US to “normalize” relations fully and introduce preferable trade ...
Shipping giant insolvency worries importers, exporters
The bankruptcy of Hanjin Shipping Global has surprised the world’s freight & forwarding market and caused alarm among Vietnamese goods owners. The international press has reported that the Hanjin Shipping Global, one of the world’s 10 largest shipping firms, has filed for bankruptcy in the South ...
China agrees to double rice import quota: PM
China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China on September 12, offering a much-needed boost to Cambodia’s beleaguered rice sector. The prime minister said China’s government had officially ...
Palm farmers eye a sweet deal
Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market. Prak Sereywath, president of the Cambodia Institute for Research and Rural ...
Alibaba’s presence in ASEAN region will help integrate China, SE Asia markets
Following Chinese e-commerce giant Alibaba Group’s recent announcement of boosting investment and its presence in the market of the Association of Southeast Asian Nations, a question comes to mind – can China and Southeast Asian countries integrate each other’s huge consumer markets via e-commerce platform? The ...
Laos, Thailand plan to build more bridges across the Mekong
Laos has proposed three additional Mekong River bridge links with Thailand as part of a joint project to foster closer ties between the two countries. The proposal suggests bridges be built to link the Lao and Thai provinces of Borikhamxay and Bung Karn, Saravan and Ubon ...
