Economy and commerce

Frustrated with the failure of a $27 million emergency loan package to help rice farmers find a fair market price for their crop and stem the tide of smuggled paddy across the borders, Agriculture Minister Veng Sokhon is flogging a new model for the nation’s ...

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 ...

Construction of the Laos-China railway will start this month, with work to begin in several provinces simultaneously, an official in charge of the project has said. This approach will ensure that construction of the historic rail line, linking Vientiane to the Chinese border over a ...

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 ...

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 ...

With Cambodia’s traditional cash crops struggling to compete in global supply chains, the Kingdom could carve out a lucrative niche in commercial cannabis harvesting and exports – provided it acts fast to take advantage of the falling legal barriers, a Cambodia-based American innovator has argued. ...

The government remains positive that exports will stay flat or eke out marginal growth this year despite an unexpected drop in October after two months of gains. The Commerce Ministry on November 28 said exports fell by 4.2% year-on-year in October to UScopy7.78 billion after growth ...

Thailand’s customs-cleared exports unexpectedly dropped in October after two months of gains, adding to pressure on the struggling, trade-reliant economy in the face of tepid global demand. Exports, worth about two-thirds of the Thai economy, have contracted the past three years, placing a big drag ...

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 ...

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 ...