Economy and commerce
Investment
Chinese to transform coastal provinces
Top Chinese firms are keen to invest in the coastal provinces of Preah Sihanouk and Kampot and are eyeing to develop sectors that service the lucrative tourist industry, said the Tourism Ministry on Friday. According to a ministry statement the intention of the Chinese firms was ...
A more direct path for mango exports
Sweet and juicy mangoes grown in Cambodia have been finding their way into top Asian markets for years, but until now only through Thai and Vietnamese brokers, and often repackaged or processed into juices and jams to disguise their Khmer origin. Local producers’ lack of ...
Indonesia among Asia's top destinations attracting investors: ECN survey
Indonesia is among Asia’s most attractive investment destinations, thanks to a robust private demand combined with expectation of improvements in its business climate, a survey from The Economist Corporate Network showed. Published on January 17, the survey — titled “Navigating Asia’s Risks and Rewards: Asia ...
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 ...
Indonesian government challenges another green group over freedom of information request
The Indonesian government is going to the Supreme Court over an NGO’s freedom of information request for detailed maps of land on which oil palm companies have been licensed to operate in Kalimantan, the country’s portion of Borneo island. Civil society groups have tried for ...
Abe vows continued support for Jokowi and ASEAN
Japanese Prime Minister Shinzo Abe on January 15 called for a peaceful resolution to the South China Sea conflict and pledged Japan’s continued support for ASEAN, as the grouping turns 50 this year. Speaking after bilateral meetings with Indonesian President Joko Widodo in Bogor, West ...
Sleeker tax system nets more revenue
Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. Tax collection revenue grew by 15 percent to ...
Asia's smallest economies are among its fastest growing
Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. ...
2018 budget deficit hiked
The government has agreed to set a larger budget deficit of 450 billion baht for fiscal 2018, marking a fresh attempt to rev up the economy. The next fiscal year’s budget expenditure is set at 2.9 trillion baht, with revenue collection of 2.45 trillion baht, ...
Laos, Singapore to further enhance cooperation
Laos and Singapore will further enhance their relations and continue cooperation in the development of various fields. This was the main theme of a meeting on January 12 between President Bounnhang Vorachit and the President of the Republic of Singapore, Dr Tony Tan Keng Yam, when ...
