Economy and commerce

Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific said in a report released on May 8. The UN agency noted in ...

While financial inclusion is a top priority for emerging economies, new research suggests more stringent enforcement of anti-money regulations in recent years has resulted in major Western banks disconnecting from these regions, leaving local businesses without access to the international financial system. Correspondent banking relationships, ...

Thailand has welcomed the victory of the pro-European centrist Emmanuel Macron in the French presidential election, banishing for now the spectre of another departure from the European Union and steadying the nerves of investors. Kobsak Pootrakool, Vice Minister for the Prime Minister’s Office, on May 8 ...

Deputy Prime Minister Somkid Jatusripitak said on May 8 that the government plans to connect its new Eastern Economic Corridor development project with the Chinese government’s One Belt, One Road initiative. “The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told ...

The State Inspection Authority is investigating unauthorised development projects carried out by government sectors in Vientiane and the provinces in 2013 and 2014. Although these projects are now complete, the inspection aims to determine whether the government’s budget was used effectively. Anyone found to have ...

The government and the International Rice Research Institute have agreed to strengthen their partnership in research and expand the institute’s role in increasing Laos’ food and nutrition security. The agreement was signed in Vientiane on May 8 by Deputy Minister of Agriculture and Forestry, Dr Phouangparisak ...

Despite the fact that the Myanmar-China pipeline has started to import oil, local residents have yet to receive the compensation due to them for damage to their crops arising from digging works on the pipeline. Crops had been pressed down by soil and landslides have occurred ...

While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on ...

An international clients conference for the cashew industry will be held in southern Bình Phước Province next week to provide an opportunity for cashew farmers, processors and traders to exchange information and explore business opportunities with local and foreign partners. Nguyễn Anh Hoàng, director of ...

Việt Nam’s exports of marine aquaculture produce is expected to reach US$12-13 billion by 2020 and $30-35 billion by 2030, according to the Việt Nam Sea Culture Association. Nguyễn Hữu Dũng, the association’s president, said with its long coastline and more than 3,000 islands and ...