Investment

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. The deal, ...

China overtook Vietnam to reclaim the number one position as the largest foreign investor in Laos last year, according to an annual report from the Ministry of Planning and Investment. China’s investment last year soared to over US$1 billion compared to US$88.9 million in 2015 ...

Lao Airlines will schedule an additional two flights daily on the Vientiane-Luang Prabang route for the five day Lao New Year holiday, a Lao Airlines marketing official said. This year, we plan to add two more flights for Vientiane-Luang Prabang, increasing the number of flights ...

Vietnam’s renewable energy production costs remain higher than other countries as the country still does not have a competitive solar energy market. Many people in the country have saved money by using solar energy. A solar energy system with capacity of 1 KW was installed on the ...

The number of applications for recognition of foreign degrees made to the Ministry of Education and Training (MOET) increased by 44 times in 2008-2016. A report of the ministry released at a workshop on March 28 showed that in 2008, when the regulation on recognition of ...

The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. Last year trade between the countries reached $812 million. The Memorandum of Understanding signed on April 6 intends to boost that figure, particularly ...

Singapore-listed oil and gas firm KrisEnergy says it is ready to sign an agreement with the Cambodian government after completing details of a revised sharing contract for the Block A oilfield. Kelvin Tang, president of KrisEnergy Cambodia, wrote to Khmer Times on April 6 saying that ...

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...

Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...

Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...