Economy and commerce
Trade
Romduol, Chansensor now rice brands
The National Standards Council has endorsed the Phka Romduol and Phka Chansensor varieties to be the Kingdom’s own umbrella brands for fragrant and premium rice, rejecting the Cambodian Rice Federation’s “Angkor Malis” brand name. Hean Vanhan, deputy chairman of NSC and deputy general director of the ...
Laos to negotiate sale of electricity to neighbours
With Laos’ electricity generation set to reach 10,000MW by 2020, the country is continuing to negotiate with neighbouring countries to increase the volume of electricity exports. According to the Ministry of Energy and Mines on 15 July, Laos will hold talks with Myanmar on electricity cooperation ...
VN economy faces tough future
Viet Nam’s economic growth in 2016 will be affected by many factors. General Director of the Viet Nam Statistics Office, Nguyen Bich Lam, speaks to business news website BNEWS. Social investment capital in the first six months of 2016 reached VND 618.2 trillion (US$27.71 billion), an ...
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded on 10 July to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer ...
Rice sector continues its struggle in first half
Cambodian rice exports decreased nearly 6 per cent year-on-year during the first semester, reinforcing concerns about the future of the rice industry, the Kingdom’s most important agricultural sector. A report released on 7 July by the Secretariat of One Window Service for Rice Export showed Cambodia exported ...
BOI eyes continued Japanese investment
The board of Investment feels convinced that Japanese investors have remained confident in Thailand and will continue to expand their investment here. BOI secretary-general Hirunya Suchinai made the remark on 7 July at the in “Bangkok Nikkei Forum”, co-organised by the BOI, Nikkei Inc and Nikkei ...
Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one ...
Struggle with changes as Thai firms venture abroad
In the last three years, Thai conglomerates have made significant acquisitions abroad, mostly in the Asia Pacific as well as in the US. In 2014, Thai firms invested almost $4 billion in other Asian countries, more than double the figure in previous years, according to ...
Somkid woos investors from China
Deputy Prime Minister Somkid Jatusripitak has told Chinese investors that political tensions in Thailand will decline by the middle of next year after the country holds a general election. Meanwhile, the government aims to attract further investment from China and elsewhere with extra incentives and ...
Vietnam stock exchange to be based in HCM city
“The Vietnam Stock Exchange to be based in HCM City is within the Government’s goal of quickly turning HCM City into the country’s largest financial center,” Tran Dac Sinh, Chairman of the Management Board of the HCM City Stock Exchange, told business news site Bizlive. As ...
