Economy and commerce
Investment
Factory for Nissan cars, parts proposed
A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said on November 9. Eang Sophallet, a spokesman for Prime Minister Hun Sen, said the premier met the ...
ASEAN, China join forces to tackle transnational crime
ASEAN member states and China will further boost their joint efforts through bilateral and multilateral cooperation mechanisms to tackle transnational crime. Transnational crime includes drugs and human trafficking which are increasing in scale as reflected by the large number of young people that fall victim ...
Asia leaders off-the-mark to congratulate Trump on victory
Philippine President Rodrigo Duterte congratulated US President-elect Donald Trump, hoping for ‘enhanced Philippines-US relations’ while Bangladesh’s Sheikh Hasina invited Trump and his wife to visit Bangladesh. Leaders across Asia congratulated Republican Donald Trump on winning the bitterly fought US presidential election. Philippine President Rodrigo Duterte extended his wishes to the US ...
VN five-year economic plan to focus on non-state sector
Minister of Planning and Investment Nguyen Chi Dung spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the five-year economic restructuring plan. Is it feasible to raise two thirds of the capital resources required in the next five years (2016-2020) for economic ...
Creativity vital to progress of society, economy: Adobe study
Adobe Systems, a US-based multinational computer-software company, sees strong growth in use of its Creative Cloud product in Asia-Pacific countries because the number of subscribers outside the United States grew almost 50 per cent as of end of the third quarter. The 46-per-cent year-on-year subscription ...
Garment workers urged to boost sector’s productivity
Prime Minister Hun Sen on November 7 urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony ...
Industrial park aims for SME segment
WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...
New border crossings between Laos, Cambodia to boost trade and investment
Laos and Cambodia have agreed to open new border crossings to link the two nations more closely and enhance trade and investment cooperation. The plans were agreed to during Prime Minister Thongloun Sisoulith’s meeting with his Cambodian counterpart Hun Sen in Phnom Penh in June. ...
Vietnam ‘should sell rice to Africa’
Vietnam and the International Rice Research Institute hope to boost cooperation in developing genetic resources and choosing technology to improve rice quality, experts have said. The IRRI gene banks, wild-rice introgression population, structured genetic population and breeding lines represent a critical resource for generating the ...
IMF urges more efforts to cool rapid credit growth
Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...
