News
Vietnam retailer Tiki to raise $18 million: report
Tiki, a Vietnamese e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$18 million in funding, information technology news website ICTnews reported on 2 February, citing industry insiders. Keep reading ...
Vietnam gas prices hit new low in third cut this year
Fuel retailers in Vietnam cut prices by around 5 percent on 3 February, creating a new record low in five years, local media reported. Petrolimex, Vietnam’s leading fuel importer and distributor, has lowered the price of 92-RON, the most popular grade of gasoline in the country, ...
NagaCorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...
Meth bust on Lao border nets $100K in pill form
Five Laotian nationals were arrested late on 1 February afternoon as they prepared to smuggle 24,000 methamphetamine tablets with a street value of nearly $100,000 into Cambodia, according to Meas Vyrith, secretary-general of the National Authority for Combating Drugs. The bust, which took place in the Lao ...
Rice, garment sectors push exports into record territory
Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...
Laos to export electricity to Myanmar, more for Vietnam
Myanmar hopes to import electricity from Laos at an installed capacity of about 300 megawatts (MW) in the near future while the exports to Vietnam may be increased in the next few months. “The Myanmar government proposed this project to Laos about two months ago,” Deputy ...
Pig farmers in Laos face debt and bankruptcy due to falling pork prices
A Lao government program that provided loans to farmers to raise pigs in the run-up to the Southeast Asian Games held in the country seven years ago has bankrupted several farmers who have become mired in debt as pork prices have fallen, pushing a few ...
Farmers told to prepare for drought as El Niño’s stay extended
Just six months after record-setting floods wreaked havoc on crops, farmers are being told to get ready to withstand severe drought. Meteorologists predict it’s likely to be one for the decades. The El Niño event that hit Myanmar last year – and caused conditions among the ...
Evicted villagers fear for their safety
Resident from Nyaung Ni village tract, who were forcefully evicted from purported military-owned land, are concerned for their safety as they have been warned not to leave the village, or they will face arrest starting 1 February. “This morning, when the children went to school, they ...
20 contract signings in pipeline in Thailand
Contracts for 20 megaprojects in the Thailand Transport Ministry’s infrastructure development plan are likely to be signed before the current fiscal year ends, a senior transport official says. Speaking after a meeting following up on the megaprojects worth a combined 1.79 trillion baht, deputy permanent secretary Peerapol ...
