Economy and commerce
Trade
Low marks for Cambodia’s efforts to combat illicit trade
Cambodia ranked third-worst for illicit trade out of 17 countries in the Asia-Pacific region in a recently released index by the Economist Intelligence Unit that analysed governments’ abilities to combat illegal trade operations. The report, commissioned by the European Chamber of Commerce of Singapore, reviewed countries ...
FDI sluggish as investor mood dims
Foreign direct investment for the whole of 2016 is expected to grow by just 2.7%, indicating that confidence in the Thai economy remains fragile, says Vallop Vitanakorn, vice-chairman of the Federation of Thai Industries. He said the likely FDI growth of 2.7% is low when ...
Singapore’s data mirrors UN’s in Cambodia’s sand export numbers
Singaporean customs data on sand imports from Cambodia show near identical figures to those recorded by the UN, which last month were dismissed by a top official amid a reporting discrepancy in the hundreds of millions of dollars. The UN data showed $752 million in imports ...
ASEAN officials discuss way forward for greater connectivity
ASEAN dialogue partners and delegates gathered in Vientiane on October 18 to discuss ways to put the Master Plan on ASEAN Connectivity 2025 into action. In particular, they considered more effective coordination between sectors, among nations and within the region. Gathering at the 3/2016 ASEAN Connectivity Coordinating Committee ...
How to arrange VND230 trillion to build north-south highway
The Ministry of Transport has said that the north-south highway requires lower costs compared with other projects, but the Ministry of Finance says the required investment is high compared with the long-term public investment plan. MOT has submitted to the government a project on building a ...
Russia, Belarus prepare to establish auto joint ventures in Vietnam
A couple of Russian and Belarusian companies are preparing to set up auto joint ventures in Vietnam to benefit from two protocols between Vietnam and the two nations on production of vehicles here in the country. The two protocols were signed within the framework of the ...
Production slowing at Wa Tin mine
Output from a mysterious Myanma tin mine that has disrupted the global market in the metal is falling sharply and deposits could be depleted in “two to three years,” senior mine officials told Reuters. A surprise discovery of large quantities of tin has propelled the formerly ...
Export optimism varies according to sector
Despite signs of a recovery in the export sector, Thai manufacturers and exporters have been encouraged to focus more on product development, brand recognition, and adding value to enhance competitiveness in global markets. For the rest of this year, exporters expect exchange-rate fluctuations will still ...
Is the Belt and Road Initiative globalizing China’s national security policy?
Chinese security policy experts use potential threats to BRI projects to highlight the necessity of a globalized security posture. The suicide bomb attack on the Chinese embassy in Kyrgyzstan in August 2016 highlighted China’s rising external vulnerability in a region at the heart of its signature ...
Domestic energy boost reduces reliance on imports
Cambodia’s domestic electricity production grew significantly in 2015, helping to reduce the Kingdom’s reliance on imported energy, the national electricity regulator said in its newly released annual report. According to the Electricity Authority of Cambodia, the Kingdom’s energy generation increased by 46.79 percent in 2015 compared ...
