Economy and commerce
Investment
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Palm oil projects destroy local livelihoods: report
More than 1.8 million acres of palm oil plantations in Myanmar’s southern Tenasserim Division do more harm than good for local Karen villagers, causing land conflict, damaging livelihoods, destroying biodiversity, and polluting the environment, according to a new report. Companies and businesspeople have taken over ...
Japan's Sumitomo adding rental factory space in Southeast Asia
Trading house Sumitomo Corp will expand its factory rental business in Southeast Asia serving small manufacturers from Japan, offering them the chance to launch overseas production without the hefty financial commitment of building their own plants. The factory space comes ready for use, equipped with electricity, ...
Policymakers to decide Krabi plant fate
Energy policymakers will make a final decision on Feb 17 about whether the government will proceed with a plan to build a coal-fired power plant in the southern city of Krabi, says the Electricity Generating Authority of Thailand. Egat governor Kornrasit Pakchotanon said the National ...
Tanintharyi tourism committee to draft master plan
A Tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is drawing up a master plan for sustainable tourism in the region. Tanintharyi boasts the Myeik archipelago, a cluster of more than 800 largely untouched islands that hold huge ...
Japanese SMEs head to Thailand under joint initiative
More than 700 Japanese companies under a Thailand-Japan joint effort to promote small and medium-sized enterprises have started real investment in Thailand this year, says Nangnoi Wetayapong, director of the Bureau of Strategies Management under the Department of Industrial Promotion. The initiative is part of ...
Laos, Cambodia open first official international border crossing
The Nongnokheane-Trapeang Kriel border has become the first official international border checkpoint between Laos and Cambodia after being recognised as a local crossing point for almost 30 years. Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen officially opened the Nongnokheane-Trapeang Kriel international border ...
Gov’t highlights untapped potential of Mekong Delta
Deputy Prime Minister Vương Đình Huệ has instructed ministries and local governments in the Cửu Long (Mekong) Delta to prioritise investment in transportation and logistics services to help improve the region’s competitiveness. Speaking at a conference on logistics services held on January 9 in the ...
Apparel factory closures debated
Questions have been raised about the health of Cambodia’s $6 billion garment sector after local media reported that over 140 garment factories shut down operations last year. Ministry of Labour spokesman Heng Sour, the source of the figure cited in local media, stood by the ...
Thailand expects tourism revenue of nearly $50 billion in 2017
Thailand expects revenue from foreign tourists to rise 8.5 percent to 1.78 trillion baht ($49.8 billion) this year, a deputy prime minister said on January 9. The expected rise results from an improved outlook for global tourism as well as Thailand’s investment in infrastructure, Deputy ...
