Economy and commerce
ANZ distances itself from Cambodian partner
Australian financial institution ANZ has distanced itself from the Royal Group, its local partner in a Cambodian joint venture bank, following police reports linking the group to illegal logging activities. A report published by Cambodia’s National Police this week accused Royal Group, owned by prominent ...
RCEP opens markets for Cambodia
The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP ...
Business centre lure for Chinese
Cambodia is to open commercial centres in China to help Chinese investors understand the potential of Cambodia. The centres will soon be established in some provinces, Prime Minister Hun Sen said on his Facebook page during his trip to the Commercial and Tourism Cooperation Forum ...
Expressway on track
A proposed expressway from Phnom Penh to the coastal province of Preah Sihanouk is due to be constructed by the end of the year. The move aims to contribute to the industrial development of the province, which the government sees as an industrial development zone. The ...
Vientiane expressway route under scrutiny
Ministries are examining the route of the planned Vientiane expressway to ensure that it avoids densely populated communities after the government recently approved construction of the 14-km expressway in the city centre. Government bodies are carrying out a thorough study and analysis to verify that ...
Plans gather steam for railway linking Vientiane to Vietnamese seaport
Work is gearing up for the planned building of a railway to connect Vientiane to the Vung Ang seaport in Vietnam after the two countries agreed to move forward with the project. The two governments last month signed a Memorandum of Understanding in Vientiane agreeing ...
Telecoms, media see profits slide
LISTED telecom, media and entertainment firms reported a drop in first-quarter net profit even though some of them recorded revenue growth, as their costs rose from both network installation and higher licence fees. Weighed down by costs. Companies in the telecoms, entertainment and media sectors ...
TPP could be revived at Apec meeting
Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by US President Donald Trump. Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (Apec) meeting in Hanoi, Vietnam, where ...
SMEs in 8 provinces to get Pracha Rath loans
The Department of Industrial Promotion will extend loans initially totalling Bt20 billion from a Pracha Rath fund for SME development in eight provinces, starting with Songkhla on May 24. Eight provinces have been initially targeted for the programme. Besides Songkhla, they are Krabi, Chon Buri, ...
Private investment needed to drive growth: economists
Economists have cautioned that cutting spending could impact Laos’ economic growth, so the government needs to further create favourable conditions to strengthen the private sector. According to the government’s recent report, investment by domestic and foreign businesses represented more than half the entire investment driving ...
