Economy and commerce
Investment
AirAsia JV in Vietnam aimed at expanding SE Asia operations
AirAsia is expanding its operations in Southeast Asia, with the proposed lowcost carrier (LCC) joint venture (JV) with Gumin Co Ltd and Hai Au Aviation Joint Stock Co. AirAsia is expanding its operations in Southeast Asia, with the proposed lowcost carrier (LCC) joint venture (JV) ...
Germany criticizes US orders on trade deficits
US President Donald Trump’s executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from free trade and international agreements, German Economy Minister Brigitte Zypries said on Saturday. Trump instructed his administration on March 31 to study the causes ...
Beware of illegal business ventures, central bank warns
The Bank of the Lao PDR has warned the public to be on the alert for individuals or companies that illegally convince people to deposit their money or buy shares in business schemes, lured by the promise of high returns or interest rates. The pledging ...
Savannakhet immigration officials ordered to end border crossing fees
Immigration officials working at the second Lao-Thai Friendship Bridge in Savannakhet province, which forms the border with Mukdahan province in Thailand, have been ordered to stop the collection of immigration and service fees. The Prime Minister’s Office last week issued a notice to the Deputy ...
Dredging fee fraud alleged
A French-Canadian businessman was charged on March 29 with defrauding a sand trader of more than $300,000 by promising to arrange official permission for a dredging operation. Interior Ministry police officer Chea Pesith said Seang Metta, 52, of Boeung Keng Kang II commune in Phnom Penh, claimed ...
Data quality vital for economy
The United Nations Economic and Social Commission for Asia and the Pacific, in collaboration with the National Institute of Statistics, on March 29 conducted a workshop for all relevant government agencies on strengthening the economic statistics of Cambodia. The aim of the workshop was to strengthen capacity ...
ASEAN talks South China Sea in Siem Reap
Chinese and ASEAN representatives are meeting in Siem Reap to begin hammering out a code of conduct for the highly contested South China Sea. Ministry of Foreign Affairs spokesman Chum Sounry said Cambodia was hosting the director-general-level meeting on March 29-30. China has openly dismissed ...
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. Kelvin Tang, KrisEnergy’s chief operating ...
PPP Committee wants 6 more transport projects fast-tracked
The Public Private Partnership Policy Committee on March 29 resolved to place six more transportation projects worth Bt600 billion on the fast track for implementation. The Industry Ministry will also set up a working panel as soon as possible to promote investment support and tax incentives ...
NLA members face tough choices in bid to reform energy sector
The National Legislative Assembly is set for a showdown over a contentious bill to reform the energy sector with the establishment of a new national oil company. The bill will be debated in the second and final readings today, while the vote is likely to be ...
