Economy and commerce
Investment
Private sector sees export growth rising by up to 3.5 per cent
A peak grouping of private-sector financial organisations has raised its forecast for this year’s export growth to 2-3.5 per cent amid a pick-up in the global economy. But the Joint Standing Committee on Commerce, Industry and Banking warns that uncertainties over the trade policies of the ...
Local silk industry seeks Chinese support
More than 20 local silk companies and producers are seeking the support of Chinese silk experts, in the form of joint ventures, to help them raise silkworms and cultivate mulberry trees. The companies made this call at a business matching event with representatives from the ...
CRF urges millers to pay up
The Cambodia Rice Federation will hold a meeting with milled rice exporters tomorrow to enforce the payment of fees for the federation’s operations. The meeting comes amid criticism from exporters that the CRF had done nothing to boost their exports and seek new markets. Hun Lak, ...
Rice millers balk at export fees
Numerous members of the Cambodia Rice Federation, the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. According ...
Illicit trade costs millions
Illicit financial flows in and out of Cambodia starved the Kingdom of at least $360 million in lost taxes annually between 2005 and 2014, according to a new report. The US-based nonprofit Global Financial Integrity measured illicit financial flows – the illegal movement of money ...
Thailand primed for region gateway role
Prime Minister Prayut Chan-o-cha told the gathering of World Travel and Tourism Council members in Bangkok last week that the country’s strategy is called “Thailand Plus One”, under which Bangkok is positioned as a gateway for trade, investment and tourism in the region. The focus is ...
Dairy, real estate giants interested in education sector
More and more big investors are pouring money into the education sector, which is seen as profitable and safe. In early 2017, TH Group, a dairy producer, officially put its school system into operation. Students can study at TH schools from two years old until they finish ...
Vietnam contributes to ASEAN Summit’s success
A Vietnamese delegation led by Prime Minister Nguyen Xuan Phuc had important contributions to the success of the 30th ASEAN Summit, which took place in the Philippines on April 29-30. The statement was made by Deputy Foreign Minister Nguyen Quoc Dung in an interview granted to ...
Academic fears concession will lead to land grab in Eastern Economic Corridor
An academic has warned that foreign investors will receive too many privileges under the Eastern Economic Corridor Bill, which could lead to serious land problems in the Eastern region. Decharut Sukkumnoed, the lecturer at Faculty of Economics Kasetsart University, said there were alarming issues regarding ...
Transfer of foreign technology to Thailand a key facet of EEC: top official
The transfer of technology is at the heart of Eastern Economic Corridor and it is crucial to allow foreign investors some privileges to move the country’s economy forward, the head of the development group says. There has been concern that extended land-leases and other privileges for ...
