News

New crisis seen as unlikely, economists say, but caution urged

Economists have urged caution while watching for a continuing recovery, recalling the adage about the frog that died by failing to notice that the pot of water it was sitting in was slowly coming to a boil. “It is almost a consensus among economists that the ...

China warned of risk to banks from One Belt, One Road initiative

Beijing’s plan to invest almost $1tn in infrastructure in some of the world’s poorest countries is raising concerns of risks for the Chinese banks backing the projects. Turmoil in countries such as Venezuela, where China has lent $65bn during the past decade, has led to ...

Wa State suffers as fewer Chinese come to party

In a remote casino in northeastern Burma, China’s pervasive campaign against graft has taken its toll. Hundreds of local traders and farmers place petty bets as low as 10 cents, outnumbering a few Chinese who were once the VIPs of a gambling hall decorated with ...

The rise of anti-globalisation and its impact in Asia

The world appears to be experiencing a globalisation backlash with an assault coming from both economic and societal fronts. In this changing world, the two defining characteristics of globalisation – increased global trade and greater economic participation in trade – now look poised for an ...

Cambodia’s decision to nix military exercises with US leaves many scratching their heads

Defence ministry officials have cited the country’s current ‘war on drugs’ and its upcoming commune elections as reasons for diverting resources from the annual Angkor Sentinel exercises. Earlier this week, Cambodia informed the US it would postpone their annual joint military exercises for the next ...

U.S. ambassadors in Asia make final plea for dead Trans-Pacific trade pact

When hope of enacting the ambitious Trans-Pacific Partnership trade pact ended in November, Max Baucus, the United States ambassador to China, was among the officials who had to grapple with disappointment. The partnership, called the TPP, was a hallmark of the Obama administration. It would ...

Kingdom preps for China trade center

Cambodia plans to open a trade center in China this year and the Commerce Ministry is hoping the initiative broadens economic relations and cultural exchange. Soeng Sophary, spokeswoman for the Commerce Ministry, told Khmer Times that a group of delegates from the ministry are currently in ...

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 ...

China's climate change chief on Trump: wise leaders don't resist global trends

Four days after the Paris Agreement goes into force, the United States will hold its presidential election. Republican presidential nominee Donald Trump has said in the past that he would “cancel the Paris climate agreement,” prompting a reporter to ask China’s special representative for climate ...

Chinese dual tax burden relieved

An extensive tax treaty that would shield Chinese businesses operating in the Kingdom from double taxation, and vice versa, has been drafted and is expected to be approved imminently, according to a senior Cambodian tax official. Experts said on October 19 the double taxation agreement would create ...

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