Economy and commerce
Trade
Containers pile up as trade backlog clears at Yangon ports
Weeks of delayed imports have been cleared through Yangon’s ports in the last few days after customs offices opened 24 hours a day to tackle a growing backlog of trade, but empty containers continue to stack up. As a temporary solution, the Customs Department has prioritised ...
GI status for Tbong Khmum pepper unlikely
With 72 per cent of Cambodian black pepper production coming from Tbong Khmum province, agriculture officials are calling for it to receive Geographic Indicator status to promote the spice for export. Hean Vanhan, deputy-general director of the general department of agriculture, said on 30 May that if ...
Business operators lack faith in local economy
Investors have expressed a lack of confidence in Thailand’s economy because of a decline in exports, the drought-induced expected slowdown in domestic consumption, and the sluggish global economy. Somkiat Anuras, vice chairman of the Thai Chamber of Commerce, said the chamber’s Business Confidence Index was only ...
Cattle feeders in Vietnam feel sting of fast changing market
Vietnam cattle feeders spent millions of US dollars importing 311,523 head of Australian young beef calves last year— betting that retail prices for beef on the supermarket shelves had nowhere to go but up. Now the feeders, who buy calves and fatten them for sale to ...
Timber exports to Vietnam way up
Legal timber exports to Vietnam – the bulk of them rosewood – soared between 2013 and 2015, with the volume of logs exported increasing by a factor of 142 and seven times as much sawn wood passing across the border, according to a report by ...
VN’s cashew industry booming
Viet Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Viet Nam Cashew Association. Viet Nam has been the world’s largest cashew nut exporter for many years, with exports reaching US$2.5 billion last ...
Details of Kingdom’s first double taxation agreement released
In what could be Cambodia’s biggest step forward into the ASEAN Economic Community in terms of taxation deals and fiscal transparency, details on Cambodia’s first bilateral double taxation agreement (DTA) with Singapore have been released. Mey Vann, director of financial industry at the Ministry of Economy ...
HCM City to be a start-up hub: Deputy Prime Minister
With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...
New firm seeks to enter gold trading
Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...
Vietnam has biggest-ever trade surplus in first quarter
The trade surplus in the first quarter of 2016 alone was five times higher than that of the entire year of 2012. But this could be bad news. In 2012, the country got trade surplus for the first time after 20 consecutive years of witnessing trade ...