News
KrisEnergy set to sign oil agreement
Singapore-listed oil and gas firm KrisEnergy says it is ready to sign an agreement with the Cambodian government after completing details of a revised sharing contract for the Block A oilfield. Kelvin Tang, president of KrisEnergy Cambodia, wrote to Khmer Times on April 6 saying that ...
Economy to face new challenges
Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...
Attracting more tourists the key to aviation growth
The lack of tourists is among the main reasons for the closure of Attapeu International Airport in recent months, according to senior officials. Infrastructure and tourism development serve as the foundations for developing the main draw-cards in Attapeu if authorities want to attract more tourists ...
Laos marks World Health Day, focusing on depression prevention
The Ministry of Health and the World Health Organisation to Laos are marking World Health Day, which is observed annually on April 7. The day provides a unique opportunity to mobilise action around a specific health topic of concern to people all over the world. ...
Solid growth expected for Laos this year and 2018: ADB
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...
SEZ management decree under scrutiny, aiming to draw more investors
The government is creating new decrees to ensure the sustainable development of Special Economic Zones in ways that yield strong benefits. Special Economic Zones are economic development areas set up to attract large-scale investors, both Lao and foreign, to spur economic growth and create job ...
Credit guarantee insurance not helping small businesses
Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...
Malaysia healthcare, local hospitals ink deal
Three private hospitals and a travel agency have inked a memorandum of understanding with the Malaysia Healthcare Travel Council (MHTC) to promoting healthcare services. The partnership will allow MHTC to improve access to healthcare services in Malaysia for Myanmar citizens, promote its representative office and ...
Betel farmers reap healthy profits this season
According to betel farmers from Shwegu Tesu village in Sagaing Region’s Khin-U township, this season’s prices are helping them reap healthy profits. “We were making profits because prices were good since the start of this season. So farmers didn’t face losses this year compared to ...
Landslides threaten coastal provinces
Landslides have been eroding coastal areas and tourism sites, seriously affecting the lives of thousands of people. Travelers at Cua Dai Beach in Hoi An in Quang Nam province last year could not swim in the sea because of warnings about landslides. Similar warnings have appeared ...
