Economy and commerce
Investment
Investment from Vietnam hits a dry patch: CDC
Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia failed to register a single qualified investment project from Vietnam during that period for the first time in its 22-year history, a ...
Cash influx a band-aid for failing rice sector
As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on September 22 lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. Falling from about $250 per ton in mid-August to ...
Look to ASEAN for promising renewable energy markets
The Association of Southeast Asian Nations or ASEAN is a political and economic organization of ten Southeast Asian countries. Formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand, membership has since expanded to include Brunei, Cambodia, Laos, Myanmar and Vietnam. Covering more than ...
Govt, World Bank Group discuss disaster risk management
The Department of Waterways under the Ministry of Public Works and Transport is concentrating on the implementation of the South East Asia Disaster Risk Management Project in Laos. The project development objective of the proposed South East Asia Disaster Risk Management Project shall be funded by ...
USAID backs MFIs with $10m guarantee
USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...
PEA unit enters solar power system distribution deal
PEA ENCOM International Co on September 21 announced its collaboration with Fah Chai Engineering, a provider of solar power systems, to offer such systems via its PEA Shops nationwide, focusing on customers of its parent, the Provincial Electricity Authority. PEA Encom, a state enterprise, has been authorised ...
Central bank to allow fintech experimentation
The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...
Foreign visitors to Myanmar near 750,000 in first seven months of 2016
Nearly 750,000 foreign nationals arrived in Myanmar through air and sea ports during the first seven months of 2016, according to the Ministry of Hotels and Tourism. Industry observers predict another 500,000 will visit the country as the tourist season resumes in mid-October, pushing total numbers for ...
Gov’t urged to install technical barriers to filter FDI projects
Consultants and experts have recommended that Vietnam take measures to prevent foreign-invested projects from using outdated technologies, causing pollution and consuming national resources. First, oil refineries. The projects licensed so far in the field have total capacity of up to 50-60 million tons. It is estimated ...
Japan building Mekong supply chain
Greater connectivity between Japan and Cambodia is tightening economic links between the two countries while catalysing Japan’s ambitions to develop a chain of industrial complexes that cut a tract through the Lower Mekong region. Officials at Japan External Trade Organisation, Japan’s development agency, say Cambodia’s economic ...
