News
More Japanese investors heading to Laos
More and more Japanese companies are coming to invest in Laos given that the country is integrating with the region and the world and is improving its investment climate. As of May 2016, the number of Japanese companies in Laos had climbed to 132 which is ...
Ministry cracks down on fishery products
The Ministry of Agriculture and Rural Development of Vietnam has asked for tighter management of fishery products amid warnings by major import markets on food hygiene and safety standards of aquatic products. The ministry asked for enhancing disease prevention and violations in the use of chemicals ...
Dozens of Myanmar fishermen released from prison in India
Over 100 Myanmar fishermen arrested in the Andaman Sea arrived at Yangon International Airport yesterday, after being imprisoned for years in India for fishing in its waters. “I have been jailed for over five years at Port Blair Prison,” said Ko Zaw Lin Aung, who grew ...
Part suppliers ask for more funding
A shortage of capital support for the part supplying industry is hindering the development of the sector, which is crucial for the country’s economic development, participants at a forum said. Financial expert Cấn Văn Lực said funds that supported small- and medium-sized enterprises, science and technology ...
Customs pressures exporters to register with GDT
Cambodia’s Customs Department announced on May 27 that it would stop processing paperwork for import and export companies, and halt cross-border activity if they fail to meet today’s deadline for online tax registration. For companies that had yet to receive an official value-added tax licence by ...
Asia stocks sag as oil slip dampens sentiment, dollar stalls
Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private ...
World Bank provides US$30m for fight against poverty
The World Bank has agreed to provide a low interest loan of US$30 million to fight poverty in Laos, a government source has said. The Lao government will contribute another US$6 million bringing total funding from the three sources to US$52 million. This amount will be ...
Try Pheap inks $300M seaport deal with Hong Kong company
Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on 30 May, according to Kep provincial governor Ken Sotha. “The two companies held the signing ceremony in Cambodia’s Kep province, but the international port is going to be ...
Timber trade continuing despite ban, data shows
Customs data from Vietnam confirms that thousands of cubic meters of wood worth millions of dollars is continuing to reach the country from Cambodia despite a blanket ban placed on such exports four months ago. Soeng Sophari, a spokeswoman for the Commerce Ministry, which manages and ...
Smoking claims over 100 lives every day in Vietnam
Vietnam is among countries where smoking is most widely prevalent, losing more than 100 people a day to the habit and facing a huge financial burden, according to official figures. Statistics from the Ministry of Health show that the Vietnamese smoking population is among the biggest ...
