Economy and commerce
Investment
Boeung Kak lake dispute ‘closed’
Phnom Penh City Hall on April 27 washed its hands of the decade long contentious Boeung Kak lake issue, saying it was closing its conflict resolution process, leaving seven families who had refused to accept the government’s offers in the lurch. Following the signing of a ...
Pig farmers form taskforce to curb illicit smuggling
Cambodia’s pig farmers created a new taskforce on April 27 to combat pig smuggling along Cambodia’s borders that is leading to falling prices for domestic producers. Mong Rethhy, co-chair of the Cambodian Chamber of Commerce’s working group on the agricultural industry, gathered the Kingdom’s major pig ...
Indigenous communities resisting dams in Indonesia claim they face repression, rights abuses
In October 2014, when developers entered Seko and Central Seko to begin preliminary work on a 480-megawatt hydroelectric dam, the communities living there say no one asked their permission. The area, in the Seko Subdistrict of North Luwu, in the southern part of Indonesia’s Sulawesi ...
Padaeng agrees dividend, focuses on new areas
Padaeng Industry’s annual general shareholders’ meeting on Tuesday passed a resolution to pay dividends of Bt1 per share, for a total of Bt226 million, managing director Francis Vanbellen said. PDI will pay those whose names appear on the shareholders list by May 3 in accordance ...
Innovative products in focus as SCG mulls new investments in EEC
Siam Cement Group is studying expanding in the Eastern Economic Corridor through three core businesses – petrochemicals, packaging, and building materials – with the focus on innovative products. “We are looking at the incentives and the infrastructure around the project before making a decision on ...
How can the ‘pavement economy’ contribute to the national economy?
The expansion of the ‘clearing pavement campaign’ in Hanoi and HCMC means fewer vending stalls in the cities. But the informal economy in Vietnam has existed for decades. Van, a girl from Mekong Delta, has been selling grilled corn for the last 10 years in HCMC. Her ...
Gold orders drop due to purchase tax
Since the government started to collect tax on gold purchases on April 1, orders at workshops and goldsmiths have dropped. Goldsmith Ko Naung Naung from Chan Mya Tharsi township, Mandalay Region, said the downward trend was worrying because in the past, jewellers would make orders ...
Việt Nam, Cambodia agree on measures to boost ties
Prime Minister Nguyễn Xuân Phúc and his Cambodian counterpart Samdech Techo Hun Sen on April 25 agreed on several measures to strengthen multi-faceted relations between the two countries. PM Hun Sen said he considered the Vietnamese leader’s official visit as having historical significance, with the two ...
Uber confident on legal clearance for services
UBER has expressed confidence that it can clear within five months the legal hurdles that have dogged its taxi-service operation in Thailand. The Thai operation of the US-based company put out the timeline after its representatives met officials from the Department of Land Transport late ...
ASEAN urged to use arbitral ruling in code of conduct framework
Former Foreign Secretary Albert del Rosario on Tuesday urged the Association of Southeast Asian Nations to invoke the arbitral tribunal ruling that invalidated China’s expansive claims in the South China Sea in crafting a planned code of conduct in the disputed waters. The Permanent Court ...