News
Cash influx a band-aid for failing rice sector
As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on September 22 lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. Falling from about $250 per ton in mid-August to ...
Look to ASEAN for promising renewable energy markets
The Association of Southeast Asian Nations or ASEAN is a political and economic organization of ten Southeast Asian countries. Formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand, membership has since expanded to include Brunei, Cambodia, Laos, Myanmar and Vietnam. Covering more than ...
Govt, World Bank Group discuss disaster risk management
The Department of Waterways under the Ministry of Public Works and Transport is concentrating on the implementation of the South East Asia Disaster Risk Management Project in Laos. The project development objective of the proposed South East Asia Disaster Risk Management Project shall be funded by ...
Restructuring wipes out 25% of VN securities firms
After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016. This decrease came after the Ministry of Finance made restructuring securities firm a priority in early 2012. The main purpose was to heighten operational quality, financial ...
Abuses prevalent for Cambodia's transgender women: study
An overwhelming majority of transgender women on Cambodia’s city streets are subject to “shocking” harassment and abuse, according to a new report from the Cambodian Centre for Human Rights. The report, released on September 21, also shines a light on a disturbing new practice that has allegedly ...
USAID backs MFIs with $10m guarantee
USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...
Govt vows to standardise wood processing plants
The government has instructed authorities in charge to inspect wood processing plants nationwide to ensure the plants’ operations meet production and environmental quality standards. Inspection will be launched into all licensed 1,595 plants across the country and a number of criteria will be used to assess ...
Four people killed in UXO accidents over two days
The presence of unexploded ordnance continues to have a major impact on the lives of rural people, including their ability to grow crops, with Bualapha district in Khammuan province being one such area. District Governor Mr Khamphao Thongthephahack said Bualapha district was more heavily contaminated ...
PEA unit enters solar power system distribution deal
PEA ENCOM International Co on September 21 announced its collaboration with Fah Chai Engineering, a provider of solar power systems, to offer such systems via its PEA Shops nationwide, focusing on customers of its parent, the Provincial Electricity Authority. PEA Encom, a state enterprise, has been authorised ...
Central bank to allow fintech experimentation
The bank of Thailand will open the way for financial-technology product experimentation under its regulatory “sandbox” in the first quarter of next year, in the hope that fintech developers applying to participate can receive licences quickly once they decide to commercialise their products or services. ...
