News
Fintech potential still untapped
Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...
PTT expects Thai fuel use to rise
PTT Plc., the national oil and gas conglomerate, forecasts Thailand’s fuel consumption will increase by two to three percent this year, in line with the country’s economic growth. The outlook was trimmed from the previous forecast because demand is expected to slip after subsidy cuts, ...
Demand for meat rises
Cambodia’s expanding population, urbanization, economic growth and the changing consumption patterns of the population have created opportunities for the growth of the livestock sector in the country, according to the annual report of the Ministry of Agriculture, Forestry and Fisheries. “With an estimated annual human population ...
The Philippines declares more than 100,000 acres as critical habitat
In November last year, the Philippines declared its largest critical habitat yet. Located in the long, narrow Philippine island of Palawan, the new Cleopatra’s Needle Critical Habitat is spread across 41,350 hectares (more than 100,000 acres). The second largest critical habitat, Carmen Critical Habitat for ...
Bangkok ‘maker’ event helps to develop innovative mindset as ideas exchanged
Chevron Thailand Exploration and Production, the Ministry of Science and Technology’s National Science and Technology Development Agency and other partners presented the Bangkok Mini Maker Faire Year 2, bringing together more than 345 Thai and international “makers” or creators to showcase 122 works. As the ...
Public should look at detail of anti-forest encroachment measures: Prayut
Government chiefs including Prime Minister General Prayut Chan-o-cha on January 31 urged the public to look at the detail of proposals by the National Reform Steering Assembly for tackling forest encroachment, saying it has merely tried to correct wrongs and not legalise wrongdoings including by resort ...
VnSteel aims to increase revenue by VNĐ800 billion
Vietnam Steel Corporation (VnSteel) aims to earn a consolidated revenue of US$835.5 million in 2017, an increase of VNĐ800 billion from 2016. It will produce around 2.4 million tonnes of steel billets this year, up 17 per cent from 2016, VnSteel said. To accomplish these ...
Minister plans railway for workers
The Labor Ministry is considering constructing a railway line connecting Phnom Penh and select provinces to special economic zones or industrial areas in response to the high number of road accidents involving commuting workers. Speaking at the 2016 Annual Report and Direction for 2017 of the ...
South Korea offers loan to Cambodia
South Korea has agreed to provide more than $400 million in loans to Cambodia for infrastructure and health development. Foreign Affairs Minister Prak Sokhonn and South Korean ambassador Kim Weon-jin signed two agreements at a ceremony on January 31 outlining loans that will be dispersed to ...
New regional platform to develop tourism companies
The Mekong Business Initiative will launch a new platform next month aimed at developing startups in the tourism sector throughout the CLMV region, which includes Cambodia, Laos, Myanmar and Vietnam, a program organiser said on January 31. MBI, a program launched by the Asian Development ...
