Economy and commerce
Investment
Japan pledges to boost silk industry
A Japanese beauty company is to invest in Cambodian silk production to supply the local market and export to Asia and the United States. Il Brille, which runs two beauty salons and a shop in Phnom Penh, uses silk in cosmetic treatments and products for ...
PS Lao to return money to partners over business uncertainty
PS Lao Enterprise has announced it is pleased to return money invested by business partners who want to withdraw their funds following legal uncertainty relating to the company’s business. The announcement comes after officials said the company’s operations were in violation of the law and ...
Laos-China direct flight serves to promote cooperation
The number of people travelling between Laos and China has increased, especially the number of Chinese visiting Laos from Hainan province, since a direct flight between Vientiane and Hainan came into service last year. The new sector has proved popular and is leading to more ...
Myanmar-China crude oil pipeline to commence next month
After a two-year delay, the Myanmar-China crude oil pipeline is expected to begin operating in May, officials said this week. The respective parties of Myanmar and China were discussing the terms and conditions on the crude oil pipeline operation since its soft opening launched in ...
Paper factory pollution under scrutiny
The Ministry of Environment and Natural Resources has ordered the Vietnam Environment Administration to collaborate with Hau Giang province to investigate media reports about environmental pollution caused by Vietnam Lee & Man Paper Manufacturing Limited after its waste treatment plant developed problems. Media reports this week ...
AirAsia JV in Vietnam aimed at expanding SE Asia operations
AirAsia is expanding its operations in Southeast Asia, with the proposed lowcost carrier (LCC) joint venture (JV) with Gumin Co Ltd and Hai Au Aviation Joint Stock Co. AirAsia is expanding its operations in Southeast Asia, with the proposed lowcost carrier (LCC) joint venture (JV) ...
Germany criticizes US orders on trade deficits
US President Donald Trump’s executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from free trade and international agreements, German Economy Minister Brigitte Zypries said on Saturday. Trump instructed his administration on March 31 to study the causes ...
Beware of illegal business ventures, central bank warns
The Bank of the Lao PDR has warned the public to be on the alert for individuals or companies that illegally convince people to deposit their money or buy shares in business schemes, lured by the promise of high returns or interest rates. The pledging ...
Savannakhet immigration officials ordered to end border crossing fees
Immigration officials working at the second Lao-Thai Friendship Bridge in Savannakhet province, which forms the border with Mukdahan province in Thailand, have been ordered to stop the collection of immigration and service fees. The Prime Minister’s Office last week issued a notice to the Deputy ...
Dredging fee fraud alleged
A French-Canadian businessman was charged on March 29 with defrauding a sand trader of more than $300,000 by promising to arrange official permission for a dredging operation. Interior Ministry police officer Chea Pesith said Seang Metta, 52, of Boeung Keng Kang II commune in Phnom Penh, claimed ...
