News
Grow Asia targeting six local cash crops
Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on June 13 in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential. The Grow Asia program is a multi-stakeholder ...
Phillip Bank launches collateral-free credit
Singapore-based Phillip Bank announced on 2 June that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. The bank, which recently formed a lending partnership with New Union (Cambodia), a branch of a Singaporean credit ...
Almost 100 Champassak companies fail to pay taxes
Champassak provincial authorities have discovered that 94 companies have not paid their taxes for several months after registering their businesses. An official at the provincial Commerce and Industry Department, who asked not to be named, said that the department has set a 30-day deadline for these companies ...
Govt, ADB consult on new country partnership strategy
The Lao government and the Asian Development Bank have jointly discussed preparations for the new ADB Country Partnership Strategy 2017-2021, to align ADB’s support with Lao development priorities in its next five year plan. The consultation meeting was held in Vientiane on 2 June and was jointly ...
PM raises doubts on ASEAN economic community
Prime Minister Hun Sen questioned on 1 June the extent of the ASEAN Economic Community’s commitment towards forming an inclusive economic region as countries continue to compete with each other for agricultural exports and inflows of foreign direct investment. Cambodia, which was the last member to join ...
Hard battle against wildlife crime
Lack of legal assistance from foreign countries means the fight against wildlife crime is still very tough. This is according to Nguyễn Duy Giảng, head of the Department for Prosecution and Supervision over Criminal Cases, under the Supreme People’s Procuracy of Việt Nam at press conference ...
PTTEP to bid for Bongkot gas field
PTT Exploration and Production said on 1 June that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant ...
E5 biofuel misses sales targets
The popularity and consumption of E5 bio-fuel remained below the government’s expectations due to inadequate support with regard to lowering its prices and ensuring supply. Nguyễn Phú Cường, director of the Ministry of Industry and Trade’s Science and Technology Department, recently said that RON A92 would ...
Shrimp exports to S Korea to rise
Exports of Việtnamese seafood products to South Korea are expected to increase strongly this year thanks to the free trade agreement between the two countries that took effect last December, according to the Korea Fishery Trade Association. Under the FTA, Korea has committed to clear taxes ...
Private sector urged to take advantage of investment tax incentive in second half
The Thai Finance Ministry on 1 June urged the private sector to begin making serious investments in the second half before the double tax deduction for expenses is discontinued by year-end. The ministry has amended the conditions for the double deduction, allowing projects that might not ...
