News
Cambodia’s microfinance shakeup: in whose interest?
On the river island of Koh Srolav in southern Cambodia, everything changed for the 300 or so families inhabiting the small fishing village about ten years ago, when the sand dredging barges arrived. Operating in the dark of night, they have plundered the Tatai river with ...
Donors embrace hospital's 'green' bag campaign
More than 100,000 cloth bags have been donated to Wat Bot district Hospital in response its request for environmentally friendly bags to replace plastic ones previously used for prescribed medication. The management of the public hospital stopped distributing medication in plastic bags this year as ...
Leather and footwear exports could reach $26 billion by 2020
Việt Nam is targeting to earn between US$24 billion to $26 billion from leather and footwear exports by 2020 under a revised plan for leather and footwear industry development until 2025 with a vision to 2035. The Ministry of Industry and Trade held a seminar ...
Landslides threaten 11 households in Đồng Tháp
Cả Lách Canal in Bình Thành Commune, Thanh Bình District, southern Đồng Tháp Province, was hit by landslides during the past week, threatening 11 houses. This was stated by the provincial Department of Agriculture and Rural Development (DARD). The landslide section is 150m in length, ...
ASEAN finance ministers commit to promoting economic growth
Finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) have agreed to promote economic growth and financial integration, and strengthen financial stability in the region. The commitment was detailed in a joint statement, which was issued at the third Finance Ministers ...
Atomic energy generating billions of USD
Radiation and radioactive isotope applications have helped Vietnam produce more high-yield rice varieties resistant to pests and diseases, while new technologies have helped diagnose and treat critical diseases. From these applications, billions of dollars have been contributed to the economy. Hoang Anh Tuan, Director of Vietnam Atomic ...
HCM City to begin first river bus route in June
HCM City People’s Committee has called on departments of transport, natural resources and environment and district-level People’s Committees to facilitate the city’s first two river bus routes. The investor, Thuong Nhat Co. Ltd., plans to open the two river bus routes in June. Chairman of the People’s ...
Peace and economy co-related: peace commission chair
To attract more local and foreign investments in Myanmar, peace and political stability are critical, said Peace Commission chair Dr Tin Myo Win. “It is fundamental. Business is essential for peace and peace is also critical in encouraging business growth. They are co-related. “We also need ...
Capital markets essential for private sector: IFC
International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said ...
Lessons from the 1997 Asian financial crisis
The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because ...
