Economy and commerce
Investment
Mandalay development policy draft completed
The first draft of a policy to develop specific industries in the Mandalay Region has been completed and will soon be presented to the Hluttaw once the policy is finalised. Work on drafting the policy began three months ago, and focuses on the sectors of agriculture, ...
License for Cambodia investment tax service
Cambodia Investment Tax Service has become the 44th tax agent to get a license from the General Department of Taxation since the government made an effort to modernize and make more efficient tax collection by using private companies. Anthony Galliano, company group CEO, said licensing and ...
Foreign investors still seek solutions after business suspensions
The owners of two manufacturing plants in a Vientiane industrial park that were ordered to temporarily suspend their operations amid fears over environmental impacts are still waiting for a final answer on their case from the government. Two foreign-owned manufacturing plants in Vientiane Industry and ...
Authorities hopeful of rebounding rubber price this year
Luang Namtha provincial authorities are hoping an increase in the world price of rubber will boost exports to China and local farmers’ incomes. The end of rubber tapping season October-November last year saw the price reach 8,000-9,000 kip a kg for raw rubber and this ...
Angkor Air, Air France MoU
Cambodia Angkor Air and Air France Industries KLM Engineering & Maintenance on March 7 signed a memorandum of understanding to cover component support and maintenance services for the national flag carrier’s fleet of Airbus A320. The 12-year agreement includes full component support services, repairs and maintenance, pool ...
Top private sector group predicts 3.5-4% GDP growth
The Joint Standing Committee on Commerce, Industry and Banking has kept its key economic forecasts unchanged, citing threats of external risks that could impede recovery. Chen Namchaisiri, chairman of the Federation of Thai Industries, who chaired the JSCCIB meeting on March 7, said these factors ...
Huge trade potential in Australia
The opportunities for Việt Nam to tap the Australian market are huge if businesses create competitive products up to international standards, experts have said. According to the Ministry of Industry and Trade, Việt Nam and Australia enjoy favourable conditions to boost economic and trade ties. ...
Deal to revive coffee industry
A strategic agreement to develop the Buôn Ma Thuột coffee brand is expected to revive the country’s coffee industry, which needs to replace thousands of old, unproductive trees on farms in the Central Highlands province of Đắk Lắk. The agreement between Bình Điền Fertilizer Joint-Stock ...
Thailand’s single window to clear trade
The Thai government plans to create a single online database for importing and exporting through a national single window by 2018 as part of efforts to avoid potential corruption and bribery in processes where the state and private sectors meet. Having a single online database should ...
China offers cassava hope
Cambodia has marked its first Cassava Day with expectations of greater exports to China, one of the world’s big markets for the tuberous root. Speaking at the celebration in Battambang province on Monday, Commerce Minister Pan Sorasak said the government is speeding up exports of cassava ...
