News

Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic ...

Adobe Systems, a US-based multinational computer-software company, sees strong growth in use of its Creative Cloud product in Asia-Pacific countries because the number of subscribers outside the United States grew almost 50 per cent as of end of the third quarter. The 46-per-cent year-on-year subscription ...

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...

Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...

Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...

Plastic firms in Việt Nam face fierce competition and risk being acquired by foreign companies, experts said on November 2 at a conference in HCM City. Phạm Văn Bắc, deputy head of the construction ministry’s department of building materials, said the plastic industry had the potential ...

Amid booming demand for high-quality construction materials, Meranti Singapore is planning to build a steel galvanising plant and paintline in Thilawa special economic zone. The firm intends to spend US$85 million on the facility, and is in discussion with the SEZ operator and potential local ...

Singapore-listed KrisEnergy Ltd has upped its stake in the Block A offshore oil field to 95 percent, acquiring the shares of two minority stakeholders who had opposed the Cambodian government’s attempts to renegotiate a revenue-sharing model, the company revealed in its third-quarter filings. The document, ...

The Ministry of Tourism and Sports will hold talks with Alibaba Group on November 4 to seek support for tourism in this country and the possibility of using the group’s Alipay platform for an e-visa system. Tourism and Sports Minister Kobkarn Wattanavrangkul said that after meeting ...

Australian mining firm Emerald Resources expects to complete a definitive feasibility study for its Okvau gold project in Mondulkiri province by early next year, with gold production to commence by the end of 2018, according to an investor presentation released on November 2.Keep reading ...