Economy and commerce
Trade
Cultivation of cassava still firmly rooted
Cambodian farmers continue to expand cassava cultivation despite falling commercial prices for the crop and low international trade volumes, new data from the Ministry of Agriculture show. The total area of cassava cultivation grew 34 percent last year, with the starchy tuber planted on 771,000 ...
Independent centre reports on nation’s natural resources
The Ethnic Nationalities Affairs Centre (ENAC) (Union of Burma), has released a report recommending greater government emphasis on the possession, management, share of revenues and impact of the country’s natural resources during the second 21st Panglong Conference. “After the 21st Panglong Conference is concluded, there will ...
Trade pacts urged to ease impact from protectionism
Thailand should work towards a swift finalisation of the Regional Comprehensive Economic Partnership to offset the prospect of protectionism in global trade, the University of the Thai Chamber of Commerce says. With the policies of President Donald Trump’s administration in the United States seen likely to ...
Forest department investigates sizeable seizures of smuggled timber
The forest department has launched an internal investigation in response to sizeable seizures of smuggled timber since late January. On Jan. 24, authorities seized more than 30 tons of smuggled teak from two containers at the Myanmar Industrial Port in Yangon. Further investigations led to ...
GDP expected to grow at 6.8 percent: IMF
The International Monetary Fund has predicted that Laos’ Gross Domestic Product will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent. The IMF Executive Board concluded the Article IV consultation [1] with Laos recently, describing Laos’ challenges in dealing ...
Palm oil recovers from four-month low
Malaysian palm oil futures recovered late on February 28, tracking stronger prices after hitting their lowest level in nearly four months earlier in the day. Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange ended the session 0.6 percent higher at 2,770 ...
Exports driving shift in Thai trade
Cambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to statistics provided on February 28 by the Ministry of Commerce. The value of Cambodian exports to Thailand reached $936 million by the end ...
ASEAN’s 50th year agenda: beyond the South China Sea?
This week’s smooth, relatively uneventful retreat by ASEAN’s foreign ministers appears to have put the grouping’s agenda on track for its 50th year, choosing to focus beyond the South China Sea disputes and set the stage for an April leaders’ summit that will put the ...
Investors pledge to pour cash into Tuyên Quang
A conference on investment, trade and tourism promotion held for the first time by the mountainous province of Tuyên Quang yesterday has concluded with investors’ pledging a total of over US$801 million into six large-scale projects in this province. The provincial authorities also took the ...
Banpu Power posts 100% net profit rise in 2016
Banpu Power Plc has reported its 2016 business performance, with its net profit of Bt4.13 billion, a significant increase on the Bt2.07 billion it posted in the previous year. With its strong financial status, Banpu Power has affirmed its strategic plan in operating conventional and renewable ...
