Economy and commerce
Investment
Farming mega-mergers threaten food security, say campaigners
Deals would put the majority of seeds, chemicals and GM traits in the hands of three companies, deepening poverty for small-scale farmers. When an Indian farmer plants his cotton crop, there’s at least a 75% chance the seeds have been been bought from a company owned ...
MGMA backs garment industry to boom when US sanctions are lifted
Myanmar’s leading garment industry body has been buoyed by the lifting of sanctions it hopes will see a return to the glory days for the sector, when in the early 2000s a majority of country’s garments were shipped to the US. Speaking at a manufacturing trade ...
Funds allocated for railway compensation awards
The government has allocated almost 5 billion kip for authorities to finance work in the payment of compensation to those who will lose land when the Laos-China railway is built. However, the actual payments will be carried out by the joint venture company that is ...
Bank trims rate to coax millers
The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these conditional loans in an effort to shorten some of the strings attached. The Rural Development Bank announced late on September 25 that ...
New mining licences issued, others revoked
Over 40 new mining licences were issued during the first half of the year to satisfy the high demand for construction materials by Cambodian infrastructure and real estate projects, while more than 100 licences were revoked due to environmental concerns or inactivity, a government official ...
Singapore population rises 1.3% to 5.61 million
Even as more Singaporeans had babies last year, Singapore’s population growth remained low, rising 1.3 per cent to reach 5.61 million in June. The statistics, released on September 27 by the National Population and Talent Division in its annual Population in Brief report, also showed that ...
Labor ministry orders probe into Honda Vietnam’s alleged massive layoff
The company has been accused of firing thousands of workers every year to cut costs. The Ministry of Labor, Invalids and Social Affairs has asked that authorities in the northern province of Vinh Phuc look into reports of massive layoffs that allegedly happen regularly at ...
Sustainable Development Goals spur progress in Laos
The government has further pursued the national development policy and mainstreamed the Sustainable Development Goals into its 8th five-year National Socio-Economic Development Plan (2016-2020), the Development Strategy 2025, and Vision 2030. Prime Minister Thongloun Sisoulith outlined the government’s stance on the SDGs at the 71st Session ...
Air link could give Indonesian trade more lift
A three-day trade and tourism conference aimed at promoting Indonesian-made products in Phnom Penh ended on September 25 and although the conference is hoped to boost bilateral trade, an Indonesian diplomat said direct flights would be needed to facilitate the flow of business between the two ...
Top H&M suppliers called out over alleged labour rights violations
Four premium suppliers for Swedish clothing giant H&M have been called out by a local labour rights group for their continued use of short-term contracts, hampering employees’ ability to unionise and, in one case, allegedly paying workers less than the $140 monthly minimum wage. In a ...