Economy and commerce

Taing Chhung Ngy, director of market promotion at rice exporter LBN Angkar (Kampuchea), said that March’s sub-par performance was just the first indicator that the sector’s growth was decelerating. The decreasing amount of rice exports in March shows that the issues that rice millers and exporters ...

Nai Win Hla, an executive committee member of the New Mon State Party, said Mawlamyine Cement Limited inked a deal with the Mon State government in Myanmar to build a cement factory, and then built a coal-fired power plant inside the compound without local residents’ knowledge. ...

After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced on 6 April that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on 18 April and hold a public ...

No more state land will be released under concession for planting rice, coffee, rubber, cassava or maize in Champassak province, as most areas suited to agriculture are already being utilised. Champassak agricultural authorities in Laos advised that prospective investors should go to the province of Saravan ...

Companies interested in developing state land into special economic zones in Trat, Mukdahan and Nong Khai provinces can buy the bid documents between April 11 and 19, says the head of the Treasury Department in Thailand. SEZ development is a major government policy aimed at boosting investment ...

Myanmar’s small and medium enterprises will face both opportunity and risk under the incoming National League for Democracy government, industry observers say. In particular, anexpected increase in foreign direct investment could separate the strong from the weak. Keep reading ...

Financial integration, financial service access, and financial stability have been the central issues in discussions among Asean finance ministers and central bank governors at the meeting in Vientiane over the past few days. The ministers and governors have agreed upon the direction of regional cooperation ...

Vietnam plans to gradually reduce rice production and switch to other more profitable crops, a plan that experts say makes sense since the country grows so much paddy and is a massive exporter of the unprofitable crop. The National Assembly’s Economic Committee recently agreed with the ...

Cambodia’s economy is expected to remain stable this year as uncertainty surrounding China’s economic slowdown appears to ease, and backed primarily by strong performance in garment and footwear manufacturing, as well as construction, the Asian Development Bank (ADB) said on 30 March. Keep reading ...

Softer growth prospects for China and a weak recovery in major industrial economies are expected to suppress economic growth in developing Asia and cut Thailand’s growth by half a percentage point, according to an Asian Development Bank report released March 30.  Keep reading ...