Economy and commerce

The Asian Development Bank has financially backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with the state-run energy utility Electricite Du Cambodge. ADB’s private sector operations department will provide Sunseap Asset (Cambodia) with a debt financing ...

Cambodia and Vietnam on April 25 agreed in principle to work together in a range of commercial activities following two-hour talks at Peace Palace between Prime Minister Hun Sen and Vietnamese Prime Minister Nguyen Xuan Phu. Deals were struck relating to a major new highway, education, fisheries ...

Prime Minister Nguyễn Xuân Phúc visited Cambodian King Norodom Sihamoni upon his arrival in the country yesterday. At the meeting, PM Phúc expressed his pleasure to visit Cambodia when the two countries are celebrating the 50th anniversary of diplomatic relations. He lauded socio-economic achievements Cambodia ...

Deputy Prime Minister Trương Hoà Bình has urged the four central coastal localities affected by last year’s environmental incident to complete compensation by June 30 this year. He made the request at the seventh meeting of the Steering Committee on stabilising the lives and production ...

AVA Advisory has announced that it will make available an app for download next month that allows investors to access robo-advisory services with their smartphones. Nirun Pravittana, chief executive of AVA Advisory, said the application was a robo-adviser with artificial-intelligence technology to help investors increase ...

“Shifting Realities – New Opportunities” is one of 12 key topics for discussion at the 2017 WTTC (World Travel and Tourism Council) Global Summit, which will take place in Bangkok for two days beginning tomorrow. Hosted by the Tourism Authority of Thailand, the summit is ...

Thailand’s four largest banks by assets saw their combined net profits rise for the third consecutive quarter in January to March, helped by lower provisioning for future defaults. Although this is a sign that lenders foresee an improvement in Thailand’s long sluggish economy, some analysts ...

Japan’s Yusen Logistics will build a warehouse that complies with Islamic law in Thailand as early as this month, aiming to capture transport demand in Southeast Asian countries with large Muslim populations such as Indonesia and Malaysia. Islamic law sets various restrictions on products; food ...

As leaders of Southeast Asian nations prepare to meet for an annual summit starting Wednesday, their collective stance against China’s territorial ambitions appears to have grown markedly softer, reflecting delicate balancing acts by countries vying for economic assistance from Beijing.Keep reading  ...

Private sector investment in Phongsaly province in the far north of Laos has witnessed a slowdown since the economic setback in China driving down the prices of several products. The decline in global demand, particularly in China has discouraged entrepreneurs from that country coming to ...