Economy and commerce
Investment
Hạ Long cement factory causing pollution
Many households in northern Quảng Ninh Province’s Hoành Bồ District have been forced to live with smoke and cement dust discharged from Hạ Long Cement Factory for years. This has seriously affected the lives of local residents and their cultivation activities. In the meantime, local ...
Peninsula’s future in flux
Chea Sophat stood on the gravel embankment of a road as he pointed to what was once his rice field, an unfenced, 4,000-square-metre waterlogged plot with a handful of buffaloes wallowing in the mud. Across the Tonle Sap river, Phnom Penh was celebrating the festivities ...
New domestic tourism tax breaks okayed
The cabinet gave the nod on November 29 to the reinstatement of tourism stimulus measures including a 15,000-baht tax break on domestic tour packages and hotel accommodation for individual taxpayers. The measures are intended to entice people to spend the long public holiday at home ...
Myanmar and India to open new international border gate in Tamu
Pilgrims, traders and adventurous holidaymakers can soon look forward to the opening of a new border gate between India and Myanmar, officials say. Immigration Minister U Thein Swe said the new international border gate at Tamu, Sagaing Region, would open soon. He said the Indian ...
Govt, development partners pursue accelerated development
The government and development partners have agreed on the coordination mechanisms and framework they believe can help accelerate development through the participation of all sectors. This was the outcome of the Round Table Implementation Meeting held in Vientiane province’s capital last week. After the meeting ...
Rojana keeps muted outlook for next year
SET-listed Rojana Industrial Park Plc (ROJNA) expects flat sales of land next year as the weak economic outlook persists and curbs investment, says independent director Amara Charoengitwattanagun. She said land sales in 2017 will remain at 400-500 rai, below the target of 500-600 rai announced ...
Bosch backs Thai 4.0 push
The government’s Thailand 4.0 initiative has provided a tremendous business opportunity for German Bosch Group to roll out its smart solutions to all key industries, the chief of the company said. “We welcome and are happy with Thailand’s direction to transform into a digital economy,” ...
Ministry moves to close vine factory
The Environment Ministry has asked Koh Kong provincial governor Bun Leut to stop construction of a factory which will process an indigenous vine and which plans to collect the yellow vine in a protected forest area. According to an official letter sent to Mr. Leut ...
Lenders mull moveable assets
Cambodian financial intuitions should allow customers to use moveable assets as part of their collateral requirements to secure lines of credit, providing the government and lenders strengthen the legal framework for monitoring these assets, an economic researcher has argued. Speaking at the third annual macroeconomic ...
Millcon Thiha GEL foresees advantages in being steel first-comer in Myanmar
MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became ...