News
Thailand preparing students for the new business environment
Thailand has been transitioning to a service-based economy, which accounts for just over half of GDP, and universities are being urged to enhance the capacity of new graduates to meet changing market demand. Bangkok University has noted this changing trend and is grooming students to serve ...
State Bank of Vietnam assures no further dong/dollar exchange rate changes
The State Bank of Vietnam (SBV) will not make any further adjustment to the Vietnam Dong/US Dollar exchange rate this year, SBV Deputy Governor Nguyen Thi Hong said in a press release issued late on 24 August. Keep reading ...
Sumprabum IDPs miss out on state government aid
The Kachin State government has ruled out providing aid to most people displaced by fighting in Sumprabum township because they have fled to areas close to Kachin Independence Army-held territory. The state government and Tatmadaw have in recent weeks blocked local aid groups from sending aid to ...
$107 million approved for second Vietnam-Laos border gate
Following a decision signed by Vietnam’s PM Nguyen Tan Dung on 24 August, with the investment, the area will get a terminal zone for cargo transits, a concrete border gate, a housing system for customs and logistics services and roads, as well as water and ...
How China's downturn is impacting southeast Asia
China’s economic growth for this year is projected by the International Monetary Fund to fall to 6.8 percent – its slowest pace of expansion in over two decades. The slowdown in China – which now accounts for about 15 percent of the global economic output – ...
Myanmar tobacco products to display warning pictures
Packaging for cigarettes made in Myanmar will soon bear photos and text cautioning against the deleterious health effects of consuming tobacco products, Health Minister U Than Aung has said. “We have drawn up a notification to include health warnings in pictures and text covering 75 percent ...
Vietnam, Laos step up corruption fight
Vietnam’s Party General Secretary Nguyen Phu Trong has asked the Commission for Inspection of the Communist Party of Vietnam Central Committee and the Lao People’s Revolutionary Party Central Committee to closely co-ordinate and regularly share experience in inspections and anti-corruption work. Keep reading ...
Watching markets from the sidelines
As Chinese markets plunged 8.49 per cent on 24 August sending jitters across global indices, industry insiders were cautious about its potential spillover effects into Cambodia, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector. Jay Menon, lead economist for trade ...
Phnom Penh battles blazes
A rash of fires ripped through the capital on 24 and 25 August, with the most devastating one destroying 36 houses across a packed slum next to the Monivong bridge in the southern district of Chbar Ampov. The Chbar Ampov fire began to burn at about ...
Labour shortages in Sihanoukville
Aiming to one day become a major manufacturing base in Cambodia, Sihanoukville faces an uphill battle in attracting workers, provincial officials have said. Yow Khemara, director of the Department of Labour and Vocational Training at Preah Sihanouk province, said Sihanoukville currently lacks about 4,000 workers in ...
