Economy and commerce
Investment
Airlines plan promotions after new jet fuel tax drives up fares
Airlines are preparing more marketing campaigns and promotions to maintain ticket volumes after the implementation of a new jet-fuel tax is set to drive up air fares. Major carriers doubt that the higher tax on jet fuel will affect their business in the long term, ...
Aquaculture plan gets the nod
Cambodia has agreed for a China-based firm to invest $100 million in freshwater and seawater aquaculture projects to supply fish for local demand and export. The Ministry of Agriculture, Forestry and Fisheries on February 2 signed an agreement with China Ocean Fishing Holding Limited for a ...
Banking top hiring sector, says Everjobs
For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...
Siem Reap airport’s future up in the air
The government is ready to move forward with negotiations on compensation for stripping a French company of its concession to operate Siem Reap’s international airport, while plans for the construction of a new Chinese-operated airport to serve the provincial capital are close to being finalised, ...
Third cement factory for Thai giant
Siam Cement Group, Thailand’s largest conglomerate, is tapping into Cambodia’s booming construction sector and opening its third cement plant in Battambang province next year. Governor of Battambang province Chan Sophal told Khmer Times that SCG, a majority shareholder in Kampot Cement, started construction on the ...
As America retreats, Asia is the last hope for free trade
Fukunari Kimura, a professor at Keio University and an expert in Asian trade, indicated in a Nikkei interview that the Regional Comprehensive Economic Partnership, a proposed free trade agreement, should be a stronghold of free trade, since the Trans-Pacific Partnership has suffered a setback with ...
Thai-Myanmar talks due
Deputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business ...
In response to pollution complaints, a coal plant in Indonesia offered soap and mops
Village leaders in Sumberejo, East Java, once had plans to entice travelers to their coastal town. Tourist facilities were planned for Ndaki Beach where the waves of the Indian Ocean crash upon this Indonesian island. Nearby Bawur Beach was also seen as having tourism potential. ...
Economy expected to average 7.1 percent growth over next three years
Myanmar’s economy is expected to grow by an average of 7.1 percent per year in the next three years, amid easing inflation and a rise in investments in infrastructure and sectors such as light manufacturing and hospitality, the World Bank said in a report on ...
Deforestation-free commodities represent a major investment opportunity: report
It’s estimated that about 10 percent of global emissions comes from deforestation — meaning we could make considerable progress toward halting climate change simply by keeping what remains of the world’s forests standing. Agricultural commodities — especially beef, palm oil, soy, and pulp and paper ...
