Economy and commerce
Agro SEZ to grow China exports
A Chinese firm plans to invest at least $2 billion into developing the Kingdom’s first special economic zone geared entirely for agro-processing and storage, with the sprawling zone’s factories and warehouses aimed at meeting the growing potential for Cambodia to export its agricultural produce to ...
Chinese dual tax burden relieved
An extensive tax treaty that would shield Chinese businesses operating in the Kingdom from double taxation, and vice versa, has been drafted and is expected to be approved imminently, according to a senior Cambodian tax official. Experts said on October 19 the double taxation agreement would create ...
BIDV signs cooperation agreement with Japanese bank
The Joint Stock Commercial Bank for Investment and Development of Vietnam and the Yachiyo Bank of Japan have inked a memorandum of understanding on cooperation in supporting Japanese firms in Vietnam. This is the 26th Japanese bank that BIDV has signed such a cooperation deal with ...
Thai hospitality industry offers advice as Myanmar hotels eye boost in standards
A joint seminar on hospitality management development will be held on October 22, in a cooperative effort between the Myanmar Hotelier Association and Thai industry figures. The conference is to be held by Krung Thai Bank at Taw Win Garden Hotel, Hotelier Association joint secretary ...
Low marks for Cambodia’s efforts to combat illicit trade
Cambodia ranked third-worst for illicit trade out of 17 countries in the Asia-Pacific region in a recently released index by the Economist Intelligence Unit that analysed governments’ abilities to combat illegal trade operations. The report, commissioned by the European Chamber of Commerce of Singapore, reviewed countries ...
FDI sluggish as investor mood dims
Foreign direct investment for the whole of 2016 is expected to grow by just 2.7%, indicating that confidence in the Thai economy remains fragile, says Vallop Vitanakorn, vice-chairman of the Federation of Thai Industries. He said the likely FDI growth of 2.7% is low when ...
Myanmar’s disappointing new investment law
A new investment law has been rushed through Burma’s Parliament, with the Upper House giving its approval on October 6. According to the Myanmar Investment Commission, the law is expected to take effect soon. Earth Rights International and other civil society groups are concerned that the ...
Thai Lion Air's Ho Chi Minh City service gets green light
Thai Lion Air has received the green light from Vietnamese authorities to start a Bangkok-Ho Chi Minh City service that was earlier placed in doubt. Monday’s notification allows the Thai-registered low-cost carrier to maintain its planned flight timetable with the maiden service set to launch ...
Singapore’s data mirrors UN’s in Cambodia’s sand export numbers
Singaporean customs data on sand imports from Cambodia show near identical figures to those recorded by the UN, which last month were dismissed by a top official amid a reporting discrepancy in the hundreds of millions of dollars. The UN data showed $752 million in imports ...
ASEAN officials discuss way forward for greater connectivity
ASEAN dialogue partners and delegates gathered in Vientiane on October 18 to discuss ways to put the Master Plan on ASEAN Connectivity 2025 into action. In particular, they considered more effective coordination between sectors, among nations and within the region. Gathering at the 3/2016 ASEAN Connectivity Coordinating Committee ...
