News
Factory openings provide 50,000 new jobs
More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...
ASEAN, China join forces to tackle transnational crime
ASEAN member states and China will further boost their joint efforts through bilateral and multilateral cooperation mechanisms to tackle transnational crime. Transnational crime includes drugs and human trafficking which are increasing in scale as reflected by the large number of young people that fall victim ...
Asia leaders off-the-mark to congratulate Trump on victory
Philippine President Rodrigo Duterte congratulated US President-elect Donald Trump, hoping for ‘enhanced Philippines-US relations’ while Bangladesh’s Sheikh Hasina invited Trump and his wife to visit Bangladesh. Leaders across Asia congratulated Republican Donald Trump on winning the bitterly fought US presidential election. Philippine President Rodrigo Duterte extended his wishes to the US ...
Industrial park aims for SME segment
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 ...
Local MFI relaunched after South Korean buyout
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 ...
Việt Nam to build more transparent gov’t, continue restructuring economy
Deputy Prime Minister Phạm Bình Minh said on November 3 at the Việt Nam Summit 2016 that the country would continue to focus on restructuring the economy, renewing its growth model and integrating into the global production and value chain. Minh, who is also Minister of ...
Singapore firm plans Thilawa galvanising plant
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 ...
Govt begins buying up rice paddy to help farmers amid slump in prices
Government agencies have begun implementing measures aimed at helping rice farmers sell their produce amid declining paddy prices. The Ministry of Agriculture and Cooperatives is buying up paddy of Hom Mali fragrant rice from farmers throughout the country, Agriculture and Cooperatives Minister General Chatchai Sarikalya ...
SMEs urged to use digital technology
Vietnamese firms, especially small- and medium-sized enterprises, should take advantage of the power of digital technology to boost sales and improve competitiveness, delegates said at a workshop held in HCM City on November 2. Việt Nam has a high growth rate of internet penetration, with ...
ASEAN figure out improvements to statistical systems
The Sixth Session of the ASEAN Community Statistical System Committee on November 1 opened in Vientiane to discuss ways to improve the statistical systems used by the committee. The meeting was attended by Minister of Planning and Investment Dr Souphanh Keomixay, Head of the Lao Statistics Bureau ...
