Economy and commerce

The Department of Irrigation under the Ministry of Agriculture and Forestry has agreed with China’s Hunan Construction Engineering Group No. 2 Company on a feasibility study of the Nam Khu irrigation project in Pakkading district, Borikhamxay province.A Memorandum of Understanding was signed in Vientiane on ...

Globalisation is offering both opportunities and challenges for nations since the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.This was the theme of Prime Minister Thongloun Sisoulith’s statement which he delivered at the 23rd International Conference on the ...

Thailand hopes that China’s “One Belt, One Road” initiative would boost trade and investments as well as increase the number of tourists visiting Thailand from Eurasian countries, including Kazakhstan which is hosting the Astana Expo 2017.​ Nat Pinyowattanacheep, Thailand’s ambassador to Kazakhstan, said that although ...

Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following ...

Local authorities in Poipet are grappling with a dilemma of their own making after the ruling party for months footed the bill to make day passes to enter Thailand free for Cambodian vendors – a populist move now complicated by the CPP’s apparent electoral loss ...

Established in 2008, the Sihanoukville Special Economic Zone is Cambodia’s largest special economic zone in terms of size and occupancy, covering 1,113 hectares with over 100 tenants and a 16,000-strong workforce. Developed and co-operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and ...

Yuttana Jiamtragan, vice president for corporate administration, said SCG’s corporate venture capital arm, AddVentures, would enable the conglomerate to diversify and strengthen its innovation portfolio through investment in and collaboration with regional and global start-ups, allowing SCG to improve its competitiveness in the digital age. ...

Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...

Six temporary border crossings have been closed down along the Kolok River in Narathiwat to prevent members of Islamic State (IS) and other insurgents from sneaking into the country, officials said this week. The closures, which began on Tuesday, have affected about 5,000 villagers in eight ...

Agriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most ...