News
Economists concerned about increase in non-performing loans
Economists have expressed concern over non-performing loans that banks have given to the private sector. Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability. ...
‘Success story’ Thilawa SEZ set to launch its second phase
More than three years after the start of the Japan-backed Thilawa special economic zone, Myanmar launched the development of its second zone in the presence of dignitaries from both nations including Vice President Henry Van Thio. Set Aung, deputy governor of the Central Bank and ...
Fight against garbage in the ocean starts at individual level: Greenpeace
Solutions to the massive garbage “islands” floating off Thailand start at the individual level, but government policy and regulation is also needed, officials and environmentalists have said. Earlier this month, pictures of large amounts of garbage floating in the sea spread on social networks and sparked ...
Tanmixay-Sikeuth road upgrade 10 percent complete
The 9.4 kilometre road running from the Tanmixay crossroads in Xaythany district to the Sikeuth junction on Road 13 North in Naxaithong district is undergoing an upgrade which is now 10 percent complete. The contractor, Tangchaleun Group Co., Ltd., says the project will be completed ...
WHO praises Laos' compliance with int'l health regulations
Laos will use the successful results of the Joint External Evaluation conducted by the World Health Organisation to promote professionalism and transparency in the health sector, Minister of Health Associate Prof. Dr Bounkong Syhavong has said. He made the comment at a closing workshop held ...
Govt orders further action to regulate timber industry, combat illegal logging
The government has entrusted a taskforce committee to take further action to strictly regulate wood processing businesses and clamp down on illegal logging after learning that issues continue to exist. The assignment was made after the cabinet was briefed at the government monthly meeting for ...
Battambang on course for growth
Battambang, the city at the epicentre of Cambodia’s agricultural heartland, has long struggled to reward its farmers with profits and compete in global markets. However, new logistics and economic development projects are driving a positive transformation that could see the city develop into a regional ...
Role of fisheries emphasised
A spate of reports by WorldFish, an international organisation that researches how fisheries can help reduce poverty and hunger, illustrates how the fishing industry supports the economic survival of many of the Kingdom’s inhabitants. The reports give an inside look at the role fisheries play ...
World Bank aid for poor
The World Bank has approved provision of $20 million to help poor and vulnerable families in Siem Reap and Phnom Penh increase their income, build skills and construct small-scale community infrastructure. The bank’s board of executive directors approved the funding for the Livelihood Enhancement and Association ...
Gov’t gets heat for ivory decision
Cambodia, home to a number of large ivory busts in recent years, has rejected calls to destroy its stockpiles – the preferred method internationally for dealing with the seized contraband – with government officials saying they plan to exhibit it instead. Prime Minister Hun Sen ...
