News
Slow pace of China’s transition adds to Asian export woes
China’s economic rebalancing is likely to take longer than previously expected, leaving Asian exports. Speaking on 14 June at a KBank seminar for customers on the outlook for the economy, interest rates and foreign-exchange rates, Pareena Phuangsiri, senior specialist at the division, said that while Beijing’s attempt ...
JOGMEC to explore for gold in Ratanakkiri
Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release on 14 June.Keep reading ...
Heavy downpours continue to batter Arakan State
Heavy rain and severe flooding continue to devastate parts of Arakan State, a spokesperson for the Arakan State Government, told The Irrawaddy on 13 June. Arakan State’s Ministry of Social Welfare and Ministry of Electric Power, Industry, and Roads and Communications reportedly intend to visit flood-affected ...
Central regions seek drought-resistant animals
The Tây Nguyên (Central Highlands) and central regions are expanding areas to breed livestock as well as other animals like sheep, ostriches, goats, honeybees and silkworms. During a seminar held in central Khánh Hoà Province about the effects of drought and saltwater intrusion on animal husbandry ...
Wing, GmoneyTrans ink partnership deal
A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad. GmoneyTrans signed a cooperative agreement yesterday with Wing and hopes to launch the remittance service by the middle of next month, according ...
Over-extraction, Chinese slowdown blamed for jade price slump
Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma. More than 850 licenses have been issued to firms at over 8,000 sites since private companies ...
King Power secures 39percent stake in Asia Aviation in Bt7.9-billion deal
Duty-Free Operator King Power Group has taken a 39-per-cent controlling stake in Asia Aviation, the operator of Thailand’s largest budget airline Thai AirAsia, from the carrier’s chief executive Tassapon Bijleveld and two of his family members in a deal worth more than Bt7.9 billion. If King ...
Province, district authorities have no right to approve logging
Officials from Vientiane and provincial agriculture and forestry departments across the country attended the one-day meeting where they received an explanation about Prime Ministerial Order No 15 issued on May 13 that details measures to address illegal logging and improve domestic timber business operations. Provincial ...
Businesses prefer Vietnam-EU FTA over TPP
When comparing Vietnam’s commitments within the Vietnam-EU free trade agreement and the Trans Pacific Partnership Agreement, businesses see bigger benefits in EVFTA, especially in government procurement. Tran Quoc Khanh, Deputy Minister of Industry and Trade, said it was not the initial intention of Vietnam to apply ...
Snakehead fish farmers required to register: gov’t
Snakehead fish farmers are required to register with the Fisheries Administration as part of new regulations aimed at better governing and monitoring an industry that became legal in April after an 11-year ban. According to Hav Viseth, deputy director-general of the Fisheries Administration, farmers that operate ...
