Economy and commerce
Chinese president to touch down in Cambodia as nations consolidate ties
Cambodia is edging increasingly close to China, as the superpower lavishes aid on the ASEAN nation that has proved a robust ally in the South China Sea dispute. Chinese President Xi Jinping will arrive in Cambodia tomorrow for a two-day official visit, consolidating a far-reaching relationship ...
Paddy farmers risk losses as prices fall
Paddy prices in the capital are falling on weak demand and the drop risks damaging the market, farmers and traders said. The market price for 100 baskets of stored manaw thukha paddy in Nay Pyi Taw was almost K850,000 in September, but has since fallen to ...
Airbus to marshal its satellites against deforestation
One of the world’s largest aerospace companies is enlisting its satellites in the fight to save forests. That’s the aim of Starling, a new service developed by Airbus Defence and Space, nonprofit The Forest Trust and remote-sensing specialist SarVision. Food giants Nestlé and Ferrero, two of the ...
Port signs new deals with Vietnamese companies
The Phnom Penh Autonomous Port announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal province. Hei ...
Govt gives green light to Vientiane province cement production
The government has agreed to allow Vientiane Hongshi Saythirath Cement Co., Ltd to excavate lime and construct a cement factory in Vientiane province after the developer completed feasibility studies. The agreement was signed in Vientiane on October 12 on behalf of the government by Deputy Minister of ...
Kayah residents protest planned Pwunchaung dam
About 500 residents of Bawlakhe township, Kayah State, on October 11 protested plans to build a dam on Pwunchaung Stream, as water and soil examination continues. Transparency and environmental impact are the major concerns for the protestors, who already sent letters to the president and state ...
Formosa Plastics taps India, Southeast Asia for growth
Taiwan’s Formosa Plastics, the island’s largest maker of key plastic materials, on Tuesday said it wanted to aggressively expand in India, Southeast Asia, Middle East, and Africa to lower its dependence on China, which has been mired in a prolonged supply glut. “We are aiming to ...
Textile & garment companies still attract foreign investors
Though growth in investment in the textile & garment sector has slowed down, it is still attractive in foreign investors’ eyes. The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign ...
Shark fin trade swims on, despite ban
Pungent piles of dried fish meat fill tiny shops on the ground floor of Phnom Penh’s Phsar O’Russei as the latest catch flops in metal basins. Hanging from some stalls are bags of half-meter long, leathery, dried shark fins—destined for expensive bowls of a soup ...
Gov’t, Vietnam exchange blame on logging
Cambodian conservation officials spoke publicly for the first time on October 10 about what they described as nearly three years of corrupt practices by their Vietnamese counterparts in facilitating the multibillion-dollar illicit trade in Siamese rosewood. But their complaint comes amid allegations from Hanoi that ...
