News
China works with Asean countries for return of corrupt officials
China and ASEAN countries will set up a regional anti-corruption legal framework to facilitate the return of corrupt Chinese officials who are still at large in ASEAN countries and confiscate their ill-gotten assets, a senior anti-graft official said. China is in advanced negotiations with some ASEAN ...
Bancassurance has room to grow
The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry specialists said during a conference in Phnom Penh on November 2. Robert Elliott, CEO of Manulife, said during a panel discussion that rising ...
Can Vietnam take full advantage of preferences in VN-EAEU FTA?
With the free trade agreement between Vietnam and EAEU (Eurasian Economic Union) having taken effect, many Vietnamese export items now enjoy a zero percent tariff. However, it will be not an easy task to boost exports. According to Trinh Thi Thu Hien from the Ministry of ...
ANZ to remain in local market?
The chief executive of ANZ Royal Bank has denied media reports that the Australian and New Zealand Bank Group is considering pulling the plug on its Cambodian operations amid a planned retreat from the region’s markets. In a filing to the Australian Stock Exchange on ...
South Korean investors lambast business obstacles in field
South Korean investors have begun complaining of irregularities they face in running their operations in Indonesia, amid the government’s efforts to improve the business climate. Despite applauding Indonesia’s attempts to ease the business atmosphere by issuing economic policy packages, the Korean Chamber of Commerce and ...
Waiting to tap rubber’s rebound
The large-scale rubber plantations that arrived in force in Cambodia a decade ago as global rubber prices moved to historic peaks are facing sober prospects as trees they planted before the commodity’s prices headed south begin to reach maturity. While international rubber prices have been ...
Ticon follows factory shift to Cambodia
Ticon Industrial Connection Plc, a Thai-based factory and warehouse developer, is expanding its operations into fast-growing Southeast Asian economies, including Cambodia, to help offset sluggish growth at home. Lalitphant Phiriyaphant, the company’s chief financial officer, said Ticon has already invested $20 million into expansion in ...
Government criticised in first independent report on Formosa disaster
The Vietnamese government has been accused of a slow response, and a lack of transparency and accountability, in the first independent report into the environmental disaster that killed millions of fish off the central coast earlier this year. The report by the unregistered civil society organisation, ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...
Locals want a disruptive dam project in Northern Myanmar terminated once and for all
It has now been five years since the Myitsone Dam project in Northern Myanmar was suspended, but a local ethnic Kachin man, Mung Ra, is still not satisfied. He wishes that the project had been entirely terminated. He frequently laments the loss of his farm and ...
