News
City says bus system loses $100K a month
The public bus service run by City Hall has been hemorrhaging about $100,000 a month, according to the local authorities. Long Dimanche, spokesman for the Phnom Penh municipality, confirmed the figure on 24 August, after it was first revealed by local media following a meeting last ...
Teaching Vietnamese in Laos, students foster national friendship
A group of students from central Vietnam have joined hands to teach Vietnamese in the neighboring country of Laos and helped cement the friendship between the two nations. The course in Laos’ Xiangkhouang Province is part of the summer volunteer activities of an international volunteer team ...
Flat-rate roaming deal signed with Cambodia
A single flat rate for international mobile roaming between Thailand and Cambodia is planned for early next year after an agreement was signed by telecom regulators from both countries. The pact between the National Broadcasting and Telecommunications Commission and the Telecommunication Regulator of Cambodia is aimed ...
Great fall of China sinks Thai, world stocks
Thai shares are heading towards a bear market after falling by 4.73% Monday in the deepening global equities rout. There are major concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction ...
Cho still expects 10% revenue leap
MAI-listed Cho Thavee Dollasien Plc, a bus and truck assembler, is upbeat about revenue prospects this year despite a tepid first-half performance. President and chief executive Suradech Taweesaengsakulthai said revenue growth of at least 10% to 1.68 billion baht was still expected. Keep reading ...
Finansa directors back B180m licence deal
The board of SET-listed Finansa Plc has given the nod to its securities brokerage arm Finansa Securities to divest securities and derivatives agent licences to joint venture SBI Thai Online Securities for 180 million baht. Keep reading ...
Thai stocks dive in global sell-off
Thai shares are heading towards a bear market after falling by 4.73% on 24 August as the deepening global equities rout, concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction could continue ...
Cambodia seizes 1.5 tonnes of marijuana smuggled from Laos
Cambodian police on 25 August showed off a seizure of nearly 1.5 tonnes of marijuana worth more than $7 million packed into coffee bags, part of an ongoing drug crackdown in the country. Keep reading ...
Lao airlines adds Changsha
Lao Airlines will operate twice weekly flights connecting Vientiane to Changsha in Hunan province, China, starting the end of August 2015. Lao News Agency quoted Ministry of the Transport and Public Works office deputy head, Phouphet Thammavong, who said the first flight between Vientiane and Changsha ...
Turmoil at the top prompts business uncertainty
In Myanmar’s business environment, where many prominent firms have close ties to officialdom, political developments at the top can have major ramifications for the economy. It remains to be seen how significantly the political turmoil that recently engulfed Myanmar’s ruling party will play out in Myanmar’s business sector. When Union ...
