News

Parents of trafficking victims testify in Thailand

Chab Sanna, 67, on January 26 told a courtroom how her three sons had been lured from their Svay Rieng province home in search of work abroad only to be trafficked into a life of near-slavery on a Thai fishing vessel. It’s an all-too-familiar tale, though ...

Japan cold to China in TPP

Japan is cold to the notion of inviting China to join a pan-Pacific trade pact abandoned by US President Donald Trump, fearing such a step would boost Beijing’s clout and water down what was meant to be the “gold standard” for rules of trade. Nor are ...

Canadian bank satisfied with local aquisition

National Bank of Canada saw strong growth on its investment in Advanced Bank of Asia Ltd (ABA Bank) after taking a 90 percent stake in the Cambodia-based lender last May, a banking executive said on January 25. “I am very satisfied with the performance of ...

Kingdom slips in TI’s graft index

For the fourth year in a row, Transparency International has rated Cambodia the country perceived as ASEAN’s most corrupt, and just ahead of North Korea and Afghanistan for the entire Asia-Pacific region. The 2016 Corruption Perceptions Index, which scores and ranks 176 countries and territories ...

A ripe market for avocados

Avocados have never been a big part of the Khmer diet, making infrequent appearances in dessert dishes or drenched in condensed milk as a smoothie. But a small local market for the green pear-shaped fruit is forming, and experts say it could be a profitable ...

Pak Beng Hydropower project looks set to move forward

The construction of the Pak Beng Hydropower Project is expected to begin at the end of this year after reaching agreement among Lower Mekong countries. A group of technical officials from the Ministry of Energy and Mines, Lao National Mekong Committee Secretariat and media organisations ...

Laos buys fewer Thai goods after VAT at Friendship Bridge

Laotians have spent less money on goods in Thailand after Vientiane imposed a 10% value-added tax late last year, a Lao customs official said on January 26. Soutchai Inthavong, deputy chief of the customs international checkpoint at the Friendship Bridge, said the number of Laotians ...

Bridge crossing nets 98 million kip from Value Added Tax

Customs checks at Lao-Thai Friendship Bridge in Vientiane have netted the country over 98 million kip via the 10 Percent Value Added Tax since implementation of stricter controls in late 2016. Deputy Head of the Customs International Checkpoint under Lao-Thai Friendship Bridge, Mr Soutchai Inthavong ...

World Bank loans support high-carbon development in Indonesia: report

Despite their stated aim of boosting low-carbon growth, World Bank policy loans to countries like Indonesia are creating subsidies for coal, gas and oil projects, according to a report released today by the nonprofit Bank Information Center. At the same time, these policy programs undercut ...

Foreign ministers move to enhance, deepen friendly Laos-Cambodia relations

Lao and Cambodian governments are looking toward to steps in furthering bilateral cooperation and further deepening friendly relations following an exchange visits by high-ranking delegations. Lao Minister of Foreign Affairs, Mr. Saleumxay Kommasith and his delegation paid official visited to Cambodia from January 24-25 in ...

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