Economy and commerce

Laos orders product labelling in Lao language

Every product manufactured domestically and also imported products shall now be required to be labelled in Lao language prior to distribution in order to protect consumers. The Ministry of Industry and Commerce has issued an ordinance on product labelling in Lao language, in order to expand ...

Mekong Delta set to earn over 14 bln USD from exports

Vietnam’s Mekong Delta region targets to earn US$14.34 billion from export in 2016, a year-on-year increase of $1.14 billion. According to the Northwest Steering Committee, during January of this year, the Mekong Delta provinces shipped abroad 1.09 billion USD worth of commodities; mostly seafood, rice, processed foods, ...

Indonesia, Malaysia and Thailand to cut rubber exports

The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...

Thai PM to attend inaugural US-ASEAN summit

Thailand’s Prime Minister General Prayut Chan-o-cha will attend the inaugural US-ASEAN summit in United States next week, Foreign Ministry spokesman Sek Wannamethee revealed on 5 February. The event will be held at Sunnylands in Rancho Mirage, California from 14-18 February on the invitation of US President Barack ...

Pacific Rim nations sign giant trade deal amid protests

The US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on 4 February as protestors demonstrated over fears for jobs and sovereignty. The ambitious deal, promising the elimination of nearly all tariffs among the 12 member nations, aims to break ...

CDC says investments up by 18 pct in 2015

Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced on 3 February. Keep reading ...

Lao human resource development trends matching labour demand

Human resource development trends have gradually coincided with labour demand as 146,486 people graduated from Laos’ various educational institutes in various fields over the past five years, a report has showed. Of the graduates, 4,629 people finished their education courses in foreign countries, while the remainder ...

Thai policy rate maintained

The Bank of Thailand on 3 February unanimously resolved to maintain the policy rate at 1.50 per cent per annum. Keep reading ...

Vietnam retailer Tiki to raise $18 million: report

Tiki, a Vietnamese e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$18 million in funding, information technology news website ICTnews reported on 2 February, citing industry insiders. Keep reading ...

NagaCorp casino profits swell to $173M

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...

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