Economy and commerce
Solar power costs remain high in Vietnam
Vietnam’s renewable energy production costs remain higher than other countries as the country still does not have a competitive solar energy market. Many people in the country have saved money by using solar energy. A solar energy system with capacity of 1 KW was installed on the ...
Education Ministry gives recognition to more foreign degrees
The number of applications for recognition of foreign degrees made to the Ministry of Education and Training (MOET) increased by 44 times in 2008-2016. A report of the ministry released at a workshop on March 28 showed that in 2008, when the regulation on recognition of ...
South Korea eyes new investments
The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. Last year trade between the countries reached $812 million. The Memorandum of Understanding signed on April 6 intends to boost that figure, particularly ...
KrisEnergy set to sign oil agreement
Singapore-listed oil and gas firm KrisEnergy says it is ready to sign an agreement with the Cambodian government after completing details of a revised sharing contract for the Block A oilfield. Kelvin Tang, president of KrisEnergy Cambodia, wrote to Khmer Times on April 6 saying that ...
Economy to face new challenges
Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...
Solid growth expected for Laos this year and 2018: ADB
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...
Credit guarantee insurance not helping small businesses
Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...
Betel farmers reap healthy profits this season
According to betel farmers from Shwegu Tesu village in Sagaing Region’s Khin-U township, this season’s prices are helping them reap healthy profits. “We were making profits because prices were good since the start of this season. So farmers didn’t face losses this year compared to ...
Vietnamese workers warned of ‘robot threat’
Millions of textile & garment and footwear workers could be replaced with robots in the future. Robots are already being used at the 20-hectare Vinamilk actory in Binh Duong province. There are 19 robots and several workers. Everything runs on an automation process. Some robots carry ...
Inspect steamers, ministry tells factories
The Labor and Vocational Training Ministry has instructed all garment, textile and footwear factory owners to ensure all steam irons adhere to safety regulations to prevent explosions like the one last month that killed one garment worker. In an announcement by Labor Minister Ith Samheng dated ...
