Economy and commerce
Banking and financial services
Crisis relief measures hammered out
The government has teamed up with construction material and consumer product companies to offer special discounts to flood victims in the southern provinces. Wiboonlasana Ruamraksa, permanent secretary for commerce, said the traders agreed to the discounts following talks with the Commerce Ministry. The reductions will ...
As catch and sales fall, Myanmar’s fishermen sink into debt
On a recent afternoon, the beach at Jatetaw village was bustling with fishermen hauling their boats a shore and off loading the catch. Local women carried the fish off in bamboo baskets and laid them out to dry in the sun, after which they would ...
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...
Ministry sees surge in investment
The Finance Ministry is optimistic the private sector will step up its investment to the tune of 400 billion baht next year, a crucial driving force for economic growth. The amount of private investment will be nearly half of the 900 billion baht the state ...
Vietnam, Cambodia want to consolidate ties: PMs
Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”. During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech ...
Rice infrastructure bids sought
The Rural Development Bank has called for expressions of interest to develop and operate a 200,000 ton rice warehouse and a rice paddy drying facility. The drying facility would have the capacity to process 3,000 tons per day. The government is seeking to finance additional agricultural ...
GH Bank to offer loans for cheap homes
GH Bank plans to offer mortgages for homes priced below 1 million baht next year as part of its effort to encourage those at the bottom rung of the economic ladder to have their own homes. At least 4,000 potential homeowners across the country are ...
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 ...
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 ...
