News
Upgraded Yangon bus system to kick off next week
A Bus Rapid Transit system, designed to relieve traffic congestion in Yangon and increase the safety of commuters, is aiming to launch the second week of February. At present, 18 buses have arrived in Myanmar that will run from Htaukkyant to 8 Mile junction, from where ...
Thai policy rate maintained
The Bank of Thailand on 3 February unanimously resolved to maintain the policy rate at 1.50 per cent per annum. Keep reading ...
DSI officials rescued by troops, police from angry Cambodian vendors
Over 100 Cambodian vendors attacked and besieged some 10 Department of Special Investigation officials and representatives of major brands at Thailand’s Rongklua Market in Sakaew on 3 February, injuring several officials. The DSI officials tried to arrest a Cambodian female vendor for allegedly selling imitated goods at ...
Vietnam retailer Tiki to raise $18 million: report
Tiki, a Vietnamese e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$18 million in funding, information technology news website ICTnews reported on 2 February, citing industry insiders. Keep reading ...
Vietnam gas prices hit new low in third cut this year
Fuel retailers in Vietnam cut prices by around 5 percent on 3 February, creating a new record low in five years, local media reported. Petrolimex, Vietnam’s leading fuel importer and distributor, has lowered the price of 92-RON, the most popular grade of gasoline in the country, ...
NagaCorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...
Meth bust on Lao border nets $100K in pill form
Five Laotian nationals were arrested late on 1 February afternoon as they prepared to smuggle 24,000 methamphetamine tablets with a street value of nearly $100,000 into Cambodia, according to Meas Vyrith, secretary-general of the National Authority for Combating Drugs. The bust, which took place in the Lao ...
Rice, garment sectors push exports into record territory
Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...
Laos to export electricity to Myanmar, more for Vietnam
Myanmar hopes to import electricity from Laos at an installed capacity of about 300 megawatts (MW) in the near future while the exports to Vietnam may be increased in the next few months. “The Myanmar government proposed this project to Laos about two months ago,” Deputy ...
Pig farmers in Laos face debt and bankruptcy due to falling pork prices
A Lao government program that provided loans to farmers to raise pigs in the run-up to the Southeast Asian Games held in the country seven years ago has bankrupted several farmers who have become mired in debt as pork prices have fallen, pushing a few ...
