Investment

Fifteen mining operations have had their concessions revoked after investors failed to implement their projects as agreed after they were granted concessions by the government. Speaking at the ongoing ordinary session of the National Assembly last week, Minister of Energy and Mines Dr Khammany Inthirath ...

Minister of Foreign Affairs Saleumxay Kommasith led a Lao delegation to attend the Special ASEAN-US Foreign Ministers’ Meeting which was held in Washington D.C., the United States, on May 4. Malaysian Foreign Minister AnifaHj. Aman and the United States’ Secretary of State Secretary Rex W. ...

The World Food Programme has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, ...

AIA, the world’s second largest life insurance company, has arrived in Cambodia pledging to play a key role in the kingdom’s dynamic growth and development. Ng Keng Hooi, chief executive and president designate of AIA Group Limited, said that AIA has the right people and ...

The world’s biggest sustainable palm oil association has frozen the operations of one of its most prominent members on concessions in Indonesia because of failures to meet its standards on new planting. The Complaints Panel of the Roundtable on Sustainable Palm Oil issued a stop-work order ...

Korean conglomerate Lotte Group got the go-ahead from the HCM City People’s Committee on Wednesday to develop the Thủ Thiêm Eco Smart City in District 2. The 74,420sq.m project in the core of the Thủ Thiêm New Urban Area will cost VNĐ20.1 trillion (US$884 million) ...

After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built ...

Despite being dubbed the leading economic sector of HCM City, the city’s tourism sector is struggling with a lack of qualified human resources. According to the National Administration of Tourism, HCM City’s tourism sector needs roughly 40,000 new workers added to the labour pool each ...

In a bid to lower maternal and child morbidity and mortality, Laos will aim to reduce the unmet need for contraception to 13 percent and increase the contraceptive prevalence rate using at least one method from 42 to 65 percent by 2020. The nation’s unmet ...

Cambodia, Laos, Myanmar and Vietnam plus Thailand (CLMV+T) have reaffirmed their commitment to strengthen their cooperation in promoting tourism. The countries’ leaders agreed on their tourism partnership during the two-day Regional Workshop on Methods and Strategies for Implementing Public Private Sector for Cambodia-Laos-Myanmar-Vietnam Plus Thailand, ...