Economy and commerce
Cambodia, Laos central banks to enhance ties
Central bank heads of Cambodia and Laos met on 7 December in Phnom Penh to discuss ways of strengthening cooperation of their banking sectors. Keep reading ...
Cambodian PM tells lenders to weigh drought
Prime Minister Hun Sen on 7 December called on lenders to go easy on farmers bedeviled by a fickle rainy season that has hurt production and incomes, though financial institutions quizzed yesterday had no plan yet in place to facilitate the request. This year’s powerful El Niño ...
Souvanny to be fifth company listed on Lao Securities Exchange
The leading construction material supplier “Souvanny Home Center Public Company” is ready to be listed on the Lao Securities Exchange after receiving better than expected responses from share buyers. Souvanny sold all 25 million shares at the par value of 3,100 kip per share on 30 ...
Lanexang cement Lao factory officially starts production
Lanexang cement Lao factory in Khounkham district of Khammuan province has began production last week and aims to be one of the biggest cement suppliers in Laos. The Yunnan provincial Energy Investment Group Co., Ltd (YEIG) invested US$1.2 billon to build the factory. According to the company ...
3D printer makers flock to Thailand
Global three-dimension (3D) printer manufacturers are pushing into Thailand, paving the way for a growth cycle in Southeast Asia. XYZprinting Inc, the world’s largest 3D printer maker, established Bangkok as its first Southeast Asian office in September, with investment of almost 20 million baht. The Taiwan-based company ...
GSB wants add-on to SME loans
The state-backed Government Savings Bank (GSB) is seeking Finance Ministry approval to expand a 100-billion-baht soft loan scheme for small and medium-sized enterprises by 50 billion. The extra amount reflects pent-up demand after 100 billion baht was already taken out, said GSB president and chief executive Chatchai ...
Tourism to see labour shortfall
In the run up to the much-anticipated ASEAN Economic Community integration, which comes into effect at the end of this month, member states, foreign investors and local businesses are looking to the new economic bloc to become a dynamic growth engine and, as a result, ...
Yuan's effect on Vietnam economy uncertain
With the International Monetary Fund (IMF) including China’s yuan in its elite reserve currency basket, impacts from the step on Vietnam’s economy will depend on its preparation, according to experts. The IMF’s decision will impact global finance and Vietnam is not an exception, especially when the ...
Opium poppy farmers seek help to end dependence
It is harvest time in the shadow of mist-covered mountains in southern Shan State – not for the rice or pulses growing elsewhere, but in the fields that will supply heroin to voracious markets, in Myanmar and across international borders. Down in the valleys and on ...
Myanmar Central Bank in spotlight over coins
The ire of MPs over the 11.95 percent supplementary budget request from the outgoing government was directed on 3 December toward the Central Bank. While its request for K59.059 billion represents just 2.3 percent of the K2.464 trillion budget proposal, MPs said it was a prime example ...
