Economy and commerce

China’s squeeze on capital outflow felt in Cambodia

Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects.Read more ...

Land-locked Laos on track for controversial China rail link

Construction of a 414 km railway line linking China to mainland Southeast Asia through Laos is underway in Phonesai village, about 30km north of Luang Prabang, the country’s ancient former capital and modern-day tourism center. A workers’ dormitory has been built under a banner in ...

Academics warn that China rail project could lead to bankruptcy

Academics have cautioned that the Bangkok-Nakhon Ratchasima high-speed train project could end in bankruptcy and fail to develop sought-after technology in Thailand. Chulalongkorn University yesterday held an academic forum on the controversial Thai-Chinese partnership, with many academics saying they believed that the government had not completely ...

Vietnam’s black pepper race persists notwithstanding price dip

Though per-kilogram prices of black pepper in Vietnam have dropped 65 percent since their record high two years ago, local growers are still racing to increase production. After peaking at VND200,000 ($8.81) per kilogram in 2015, the price of black pepper in Vietnam has plummeted ...

Costs set to torpedo Krabi power deals

The auction results that awarded three private companies contracts to build a Krabi coal-fired power plant and deep-sea port are expected to be revoked after delays pushed construction costs higher. The Electricity Generating Authority (Egat) may have to open a new bid if the new environmental ...

Mandalay to China rice exports dip

Rice exports from Mandalay to China have dropped to almost nil due to finance difficulties caused by China’s decision to freeze 132 bank accounts of Myanmar citizens on June 14, said rice traders in the border region.The freezing of the bank accounts has caused difficulties ...

NA President hails Laos-Cambodia bilateral relations, cooperation

The Lao side highly values the relations and cooperation between Laos and Cambodia, President of the National Assembly (NA), Ms Pany Yathotou told her visiting Cambodian counterpart Heng Samrin in their meeting yesterday in the capital. Mr Heng Samrin is paying an official goodwill visit ...

Shaky outlook for black pepper

The rapid expansion of pepper cultivation in Cambodia coincides with the spice’s plummeting world prices, creating concerns that the glut of pepper ripening on vines across the Kingdom could further erode next season’s market prices and push the sector toward a collapse.Read more ...

Wood veneer exports approaching limit

Wooden veneer, partially-processed timber products have been exported in accordance with the government’s special permission, according to the latest official report. The latest report from the Ministry of Industry and Commerce showed that as of May 19, as many as 12,182 cubic metres of veneer ...

Platform to unify online trading on CSX

A central online trading platform expected to launch by the end of the year will allow investors to trade securities listed on the local stock market using a desktop computer or smartphone.Lamun Soleil, director of market operations at the Cambodia Securities Exchange (CSX), said the ...

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