News
India gives Vietnam $680 million for defence spending
India said on September 3 it is giving Vietnam US$500 million in credit to boost defence ties, the latest security deal between the two nations seeking to counter Beijing’s muscle-flexing in the South China Sea. Indian Prime Minister Narendra Modi made the announcement during a visit ...
Light railway raised yet again at JICA meet
Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency regional director-general Yasushi Tanaka on September 2. Chanthol confirmed the meeting on September 4 but declined to comment further ...
ASEAN and China to focus on RCEP
ASEAN and China intend to cooperate in production capacity as well support the finalisation this year of the Regional Comprehensive Economic Partnership. Commerce Minister Apiradi Tantraporn said last week that a statement on the cooperation will be issued at the ASEAN Summit in Vientiane, which takes place ...
Hydropower commission probes Myitsone contract
The commission to scrutinise hydropower projects along the Ayeyarwady River has met with the Ministry of Electric Power and Energy to learn more about the contractual agreement with a Chinese state-owned firm underpinning the suspended Myitsone hydropower project in Kachin State. The commission held its second ...
Survey: EU businesses planning to expand in ASEAN
Majority of European businesses are planning to expand their investment and operations in ASEAN, including the Philippines, as the region grows in global importance and increasing profits, but they also said that trade barriers in the region hamper their ability to reach maximum economic potential, ...
Banks covering their assets
Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. The National Bank of Cambodia announced an incremental ...
The pivot toward closer India-Myanmar ties
India and Myanmar have gone to great lengths to paint President U Htin Kyaw’s recent four-day visit as a historic cementing of bilateral ties. The neighbouring countries’ relations, long overshadowed by China’s more aggressive overtures, have forged ahead under the National League for Democracy-led administration. U ...
As Budget Drops, Commission Prepares for New Laos Dam
The Mekong River Commission is still reeling from the blowback over its handling of the consultation process around the Don Sahong and Xayaburi dams in Laos, both of which are expected to have severe environmental consequences on those living downstream. Now, with its budget slashed—its funding ...
More than a thousand furniture plants ordered to shut down
The government has ordered some 1,154 family-unit furniture plants across the country to shut down their illegal operations, a government spokesman announced on September 1. Additionally, more than 20 wood processing plants located in or near conservation and protected forests areas were also ordered to close ...
Climate change could cause rice prices to nearly double by 2030: study
Climate change is threatening the Cambodian rice industry, and it is marginalised communities that will be worst affected unless the government takes action, according to a new study. The study’s authors, Sokuntheavy Hong and Jun Furuya, took historical climatic, socioeconomic and rice-yield data as their benchmark, ...
