News
Election to be held after coronation, Finance Minister tells fund managers
Foreign fund managers posed several questions to Finance Minister Apisak Tantivorawong after he gave his keynote speech at the CLSA ASEAN Forum 2017 on March 9. One member of the audience asked Apisak when the general election would take place, adding that investors really wanted to ...
Floating villages to be grounded
A government minister has sounded the death knell for Tonle Sap picturesque floating villages after outlining a long-term plan to rehome all those living on the lake. Agriculture Minister Veng Sakhon on March 9 told Khmer Times he wants to relocate thousands of families living on ...
Mekong riverbanks to be restored
Mines Ministry officials on March 9 announced a project to shore up sections of the Mekong river affected by erosion that threatens families in Kandal province’s Mok Kampol district. Fifty-nine families living along the river say they have been affected by riverbank collapses. Speaking to about 100 ...
Thai province provides training for Lao journalists
The Radio and Television Professional Association in Phetchabun province, Thailand, in cooperation with the Institute of Physical Education Phetchabun Campus Stadium, is extending its assistance to Lao National Radio and Lao National Television for personnel training. A tripartite Memorandum of Understanding on the initiative was ...
Luang Prabang honoured in regional awards scheme
The Unique Tour offered to visitors to Luang Prabang was awarded a special prize on Wednesday by the ASEAN-Japan Centre at a ceremony held in Japan. An official at the centre, Ms Junko Nukiyama, reported on March 9 via social media that Laos was one of ...
VietJet looks to soar above its domestic and foreign rivals
VietJet Aviation, a privately run discount airline also known as VietJet Air, listed on the Ho Chi Minh City bourse on Feb. 28. The carrier eventually expects to eclipse state-run Vietnam Airlines in the domestic market, but it also has big goals for its international ...
China's chill hits banks' bottom lines
Unable to shrug off its disappointing performance of the preceding year, Asia’s financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% compared to 2015 and ...
The magic in Myanmar's numbers
Societies often treat numbers with care, even reverence. They may be mystical, magical, symbolic or simply a mnemonic tool. During World War II, the combination of the safe in the German Embassy in Turkey was Hitler’s birthday. Many years ago, the combination code of the ...
ADB report poses $26tn question for Asia
Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain current levels of growth. ...
Local airlines to face headwinds
Cambodian airlines trying to grow and capture a slice of the more promising Chinese market will face stern competition from more-established international carriers, while new startups could struggle to gain a foothold in the Kingdom’s relatively small market, according to new research by the Centre ...
