News

Japanese SMEs head to Thailand under joint initiative

More than 700 Japanese companies under a Thailand-Japan joint effort to promote small and medium-sized enterprises have started real investment in Thailand this year, says Nangnoi Wetayapong, director of the Bureau of Strategies Management under the Department of Industrial Promotion. The initiative is part of ...

Minebea opens third plant

Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone on December 8 to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at ...

Japanese get 3-Year visas

The government decided on December 8 to offer a three-year, multiple-entry visa for Japanese nationals to facilitate and attract more investment and tourists. The decision was made by Prime Minister Hun Sen during the 5th year anniversary of Minibea, a Japanese motor assembly plant at Phnom ...

Affordable housing projects affected as funds dry up

In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar ...

Chinese firm mulls energy sector prospects

A leading Chinese manufacturer of power transmission and distribution equipment recently visited Cambodia to explore opportunities in the Kingdom’s rapidly growing energy sector, including a proposal for a factory to produce equipment for the electricity sector. The Ministry of Mines and Energy met representatives of ...

CPF acquires China's Cofco Meat Suqian

In its latest big buy, Charoen Pokphand Foods Plc, the SET-listed flagship of agribusiness giant Charoen Pokphand Group, has acquired Cofco Meat Suqian for 976 million baht. Through Chia Tai China Investment Co, an indirect subsidiary of CPF in China, CPF will also take over ...

Central bank orders lenders to step up lending in riel

Cambodian microfinance institutions have said they would comply with a new regulation issued by the central bank that requires them to hold at least 10 percent of their loan portfolio in the Kingdom’s national currency. A prakas published by the National Bank of Cambodia on ...

Industrial rail project gathers steam with government push

Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and ...

What does the possible end of the TPP mean for the Mekong Delta projects?

China and Japan remain committed to the region; matter of time before private investment picks up. The future of the U.S.-led Trans-Pacific Partnership agreement looks increasingly unlikely to progress in the wake Donald Trump’s U.S. election victory. And Vietnam, once touted as one of the ...

Thai banks bullish on Vietnam even if Trump scraps TPP

Thai banks in Vietnam believe a large labour force and low wages will still be magnets for trade and foreign direct investment in that country even if the Trans-Pacific Partnership is scrapped in line with US President-elect Donald Trump’s policy. Vietnam is among the 12 Pacific ...

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