Economy and commerce

Poipet checkpoint to be upgraded, enlarged

The government has decided to build a new immigration office at the Poipet International Border Checkpoint at a cost of more than $2 million. General Sok Phal, the director general of the Interior Ministry’s immigration department, told reporters on Sunday after an annual meeting with ...

A more direct path for mango exports

Sweet and juicy mangoes grown in Cambodia have been finding their way into top Asian markets for years, but until now only through Thai and Vietnamese brokers, and often repackaged or processed into juices and jams to disguise their Khmer origin. Local producers’ lack of ...

Indonesia among Asia's top destinations attracting investors: ECN survey

Indonesia is among Asia’s most attractive investment destinations, thanks to a robust private demand combined with expectation of improvements in its business climate, a survey from The Economist Corporate Network showed. Published on January 17, the survey — titled “Navigating Asia’s Risks and Rewards: Asia ...

U.S. ambassadors in Asia make final plea for dead Trans-Pacific trade pact

When hope of enacting the ambitious Trans-Pacific Partnership trade pact ended in November, Max Baucus, the United States ambassador to China, was among the officials who had to grapple with disappointment. The partnership, called the TPP, was a hallmark of the Obama administration. It would ...

Abe vows continued support for Jokowi and ASEAN

Japanese Prime Minister Shinzo Abe on January 15 called for a peaceful resolution to the South China Sea conflict and pledged Japan’s continued support for ASEAN, as the grouping turns 50 this year. Speaking after bilateral meetings with Indonesian President Joko Widodo in Bogor, West ...

Sugar yield quells ethanol shortage fear

Ethanol shortage concerns in Thailand have subsided on the good sugar yield from the latest sugar cane crop, providing abundant molasses for the ethanol industry, says a senior industrial official. Thai SugarMillers Corporation Ltd, which includes all Thai 52 sugar factories, said the current 2016/17 ...

China to buy 20,000 tonnes of organic rice from Laos

China has approved the purchase of 20,000 tonnes of organic rice a year from Laos, according to Prime Minister Thongloun Sisoulith. Mr Thongloun said in talks with Khong district authorities in Champassak province last week that Chinese premier Li Keqiang had agreed to the deal. The ...

Sleeker tax system nets more revenue

Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. Tax collection revenue grew by 15 percent to ...

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