Economy and commerce
Smooth trade to put $2B exports in reach
Cambodia could expand its foreign trade by up to 16 percent, adding approximately $2 billion worth of exports, by complying with a new international trade protocol that aims to slice through the red tape that slows and complicates cross-border trade. US Ambassador William Heidt said ...
Thailand plans to buy Cambodian water
Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province ...
Japan outlines plan to increase river cargo
A Japanese expert has urged Cambodia to invest in improving transport on the Mekong River to boost the movement of cargo around the country. Kume Hidetoshi from the Japanese International Cooperation Center made the call during a presentation at the Japanese embassy on April 4. ...
CPF taking food to EU with WFGL
CPF Investment Ltd, a wholly owned subsidiary of Charoen Pokphand Foods Plc (CPF), has inked a share purchase agreement with Westbridge Food Group Ltd (WFGL) at a combined value of £60 million (2.6 billion baht) to expand CPF’s market in Europe. CPF chairman and chief executive ...
RStartups attract investment of $205mn in 2016
Some 50 Vietnamese startups received $205 million in investment capital last year, a 25 per cent decline compared to 2015, according to the latest report from the Topica Founder Institute, a startup accelerator program managed by Topica Edtech Group, a popular online education provider in ...
Tap water supplier in Eastern region expects strong demand from EEC
Universal Utilities Group, which supplies tap water in the Eastern region of Thailand, plans to invest an average of Bt200 million a year to develop water-treatment systems, especially in Chachoengsao, Rayong, and Chon Buri provinces, to serve expected strong demand from the Eastern Economic Corridor. ...
Slow bounce for rubber price
Rubber prices are predicted to increase gradually as suppliers in the main producing countries restrict their stock for export to let the price recover after a long decline. Pol Sopha, director-general of the rubber department at the Agriculture Ministry, said exports had increased from year ...
Japan pledges to boost silk industry
A Japanese beauty company is to invest in Cambodian silk production to supply the local market and export to Asia and the United States. Il Brille, which runs two beauty salons and a shop in Phnom Penh, uses silk in cosmetic treatments and products for ...
PS Lao to return money to partners over business uncertainty
PS Lao Enterprise has announced it is pleased to return money invested by business partners who want to withdraw their funds following legal uncertainty relating to the company’s business. The announcement comes after officials said the company’s operations were in violation of the law and ...
Laos-China direct flight serves to promote cooperation
The number of people travelling between Laos and China has increased, especially the number of Chinese visiting Laos from Hainan province, since a direct flight between Vientiane and Hainan came into service last year. The new sector has proved popular and is leading to more ...
