Economy and commerce
Trade
Starbucks opens doors in airport
The long-awaited Starbucks coffee chain opened its doors to passengers on 22 December in the Phnom Penh International Airport’s new terminal. Keep reading ...
Devaluation risk rises in Vietnam
Vietnam’s dong fell toward the brink of its permitted trading range as a ban on interest payments on US dollar deposits held onshore failed to cool speculation the currency is poised for its fourth devaluation in a year. The State Bank of Vietnam cut the dollar ...
Exports of palm oil up, despite price drop
Exports of crude palm oil from the Mong Reththy Company – the Cambodia’s sole producer of the product – increased 8.1 per cent for the first 11 months this year, compared to the same period in 2014. Mong Reththa, vice chairman of the board of directors at ...
Laos eyes more rice sales to China
Laos’ Savannkhet province is looking to increase rice exports to China to more than 10,000 tons a year after the first order for 8,000 tons was received from the Chinese market this year. Laos on 10 December officially exported its first batch of rice to China from ...
Thailand falls out of auto top 10 in the world
Thailand has dropped from ninth place to 12th in the world ranking of automobile manufacturers as European production has recovered, according to a local industry executive. Thai vehicle exports, on the other hand, remained among the global top 10, said Surapong Paisitpattanapong, vice-president of the Federation of ...
First batch of Lao rice exported to China
Laos on 10 December officially exported its first batch of rice to China, marking the start of rice exportation to China. A ceremony on the event was held in Laos’ southern Savannakhet Province on 10 December. Addressing the ceremony, Lao Minister of Agriculture and Forestry Phet Phomphiphak said ...
Vietnam looking at $4 billion trade deficit in 2015
Vietnam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said. The trade deficit would account for 2.4 per cent of total exports, much lower than the set ...
ASEAN sets up EU-style free-flow market
The ASEAN Community was officially declared on 8 December by leaders of the 10 member states of ASEAN in a landmark moment promising greater regional integration for the 48-year-old group. The challenge of this association of nations, marked by diversity, can be seen in the words of ...
Thailand leads declines in Asian stocks, Europe opens lower
Most Southeast Asian stock markets traded lower on 8 December, with the Stock Exchange of Thailand posting its biggest one-day decline in two weeks on falling oil prices. The SET index posted the steepest fall in the region with a 1.6% drop, led by oil firm ...
Opium poppy farmers seek help to end dependence
It is harvest time in the shadow of mist-covered mountains in southern Shan State – not for the rice or pulses growing elsewhere, but in the fields that will supply heroin to voracious markets, in Myanmar and across international borders. Down in the valleys and on ...