Economy and commerce
Investment
Lessons from the $2 billion coal mining lawsuit against Indonesia
Indonesia cannot be held liable for $2 billion in compensation sought by Churchill Mining for the revocation of a coal-mining concession, the World Bank’s International Centre for Settlement of Investment Disputes ruled in a Dec. 6 verdict. The tribunal determined that Churchill’s claim to the ...
Egco kicks off latest wind farm
SET-listed Electricity Generating Plc (Egco) said its latest 80-megawatt wind farm in Chaiyaphum province has started commercial operation, helping to generate more revenue for the company as well as support renewable energy. President and chief executive Chanin Chaonirattisai said the power plant has total contracted capacity of ...
Villagers wary of M’kiri mine project
An environmental impact assessment released on Friday for a $245 million mining project slated to begin operations in Mondolkiri province next year has raised concerns about its potential effects on the environment and local communities. The project, proposed by the Chinese-owned Alex Corporation, would see ...
Shut gold mine shows investors risks of Thai junta rule
When Thailand’s junta leader-turned-prime minister used his absolute power to suspend gold mining, causing an Australian miner’s shares to plummet 19% in a single day, he complicated efforts to attract foreign investors already spooked by military rule. Prime Minister Prayut Chan-o-cha announced the order last ...
PM urges Royal Group to launch satellite
Prime Minister Hun Sen urged the influential tycoon at the head of the country’s biggest conglomerate to move forward on a long-stalled plan to launch Cambodia’s first satellite, adding that it would be a profitable venture given the high demand from the booming telecommunications industry. ...
CSOs call for greater transparency in Tanintharyi developments
A Coalition of local residents has criticised two Myanmar companies and a Chinese firm for announcing plans for a number of development projects in Tanintharyi Region. In a statement issued on December 14, the residents also attacked the local ethnic armed group, the Karen National ...
TPP still of value to Vietnam
It is too soon to evaluate the impact on Vietnam if the TPP is not ratified but the country has other valuable options available, a conference in Hanoi on December 14 heard. Trade with other members may be possible, conference hears, and there are other trade ...
Education, skills key to graduation from LDC status
Moving out of Least Developed Countries status requires raising people’s education and skill level as well as improving their health. The matter was stated by Deputy Minister of Planning and Investment, Dr Kikeo Chanthaboury during the conference on launching related issues, held in Vientiane on ...
Land survey for Royal’s K Rong project begins
Authorities on Preah Sihanouk province’s Koh Rong island on December 13 started measuring out a land concession given to the Royal Group, which is building a five-star hotel and resort, in order to allow the company to develop the area and to provide plots to ...
EU pressure effective?
In recent years, communities displaced by sugar plantations have attempted to reclaim their land by targeting the plantations’ investors and buyers overseas, but a study published last week in the peer-reviewed Journal of Civil Society suggests such efforts may disappoint. Author Young Sokphea notes that ...
