News
BoI eyes Bt1.5 tn in actual investments
The board of investment is conservatively forecasting that the total value of actual investments under its tax-incentive support will reach at least Bt1 trillion during the three years to 2019, but secretary-general Hirunya Suchinai said on May 9 that the board was confident of hitting Bt1.5 ...
PTTEP freezes new investment in Indonesia
PTT Exploration and Production, Thailand’s state-owned oil and gas company, said on Tuesday that it will halt all new investments in Indonesia until a dispute with the government there over an oil spill in 2009 is settled. “As of today, PTTEP made the decision to suspend ...
ASEAN members discuss ICT development cooperation
Some 110 delegates from ASEAN member states met on May 9 in Vientiane to review progress and seek ways for future cooperation in Information and Communication Technology development. The three day meeting of the 2017 TELSOM-ATRC Joint Working Group and Related Meetings with Dialogue Partners taking ...
Govt tightens spending to reduce debt burden
The government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are ...
NA debates amendments to law on electricity
Despite the draft amendment to the Law on Electricity being approved, numerous issues have been relayed to the drafting sub-committee for improvement following comments and recommendations from National Assembly members. Electricity project authorisation, impact compensation or resettlement, and project concessions were some of the topics ...
Laos, Malaysia strengthen ties
Prime Minister Thongloun Sisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is Mr Thongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims ...
Kerry Worldbridge SEZ opens its doors
Kerry Worldbridge Logistics’ special economic zone began operating yesterday, with promises of boosting the high-end technology industry. The zone, a joint venture between Hong Kong-listed Kerry Logistic Network Ltd and Worldbridge International, said the SEZ will be a hub for foreign manufacturing firms. Sear Rithy, president ...
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families on May 9 petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
South Koreans eye farm sector
Cambodian agriculture has huge untapped potential for South Korean investors, according to the secretary-general of the ASEAN-Korean Centre. Kim Young-sun led nine leading Korean companies specialising in agriculture at a seminar organised jointly with the Council for the Development of Cambodia. On Monday, the group ...
