News
Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of ...
Derivatives licensing capped by regulator
Cambodia’s capital market regulator announced on March 22 that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. The Securities Exchange Commission of Cambodia said in an ...
Prison system sets up new accommodations for LGBT inmates
Bangkok’S Min Buri and Klong Prem prisons as well as Chon Buri’s Pattaya Prison have arranged separate zones to house self-identified lesbian, gay, bisexual and transgender prisoners separate from non-LGBT prisoners, Department of Corrections director-general Kobkiat Kasiwiwat said on March 22. The move makes Thailand ...
Amended land tax bill attacked
The new land and buildings tax will fail to narrow the wealth gap between the haves and have-nots, according to a prominent economist. Nipon Poapongsakorn, distinguished scholar at the Thailand Development Research Institute, said on March 22 that the new tax bill approved by the Cabinet failed ...
Thai exports slide 2.76% in value on year in February
Exports in February decreased in value year on year for the first time in four months, a decline attributed to the high value of gold and aerospace exports in February 2016, according to the Commerce Ministry. The ministry reported that export value last month declined by ...
Aviation training center inaugurated
Cambodia’s first Civil Aviation Training Center, with funding from South Korea, was officially inaugurated on March 22 and already plans to receive 274 trainees for its 14 training courses. Speaking at the inauguration ceremony, Mao Havannall, a secretary of state at the State Secretariat of Civil ...
June deadline to end Tricyclazole use
The European Commission has said Cambodia’s milled rice industry must eradicate the use of the fungicide Tricyclazole by June. The strict new Maximum Result Limit will mean rice must not contain more than 0.01 milligram of the chemical per kilogram of the grain. The limit was adopted ...
New wage law flawed: study
Observers and advocates on March 22 flagged several violations of international human and workers’ rights in the Kingdom’s draft minimum wage law, calling for the removal of clauses that would impinge on workers’ right to assembly and freedom of expression. The draft law looks to widen ...
NA members push ministry on agriculture, forestry issues
The creation of conditions to facilitate rural development including animal husbandry and agriculture project management are some of the main issues that members of the public want corresponding government sectors to address. National Assembly members for Vientiane and members of the Vientiane People’s Council tabled ...
UNDP presents human development report findings
Exclusion of women, people living in remote areas and ethnic groups creates chronic barriers for human development progress and leads to significant disparities within the Asia-Pacific region, leaving many behind, according to UNDP. This is one of the key findings of the Human Development Report ...
