Economy and commerce
A look inside Xayaburi dam
The Xayaburi dam, with installed capacity of 1,260 MW, is the first one among 12 mainstream dams on the Mekong river. Located approximately 30 kilometers east of Xayaburi district, in northern Laos, this $3.2 billion dam is a controversial case: while Laos and dam-developers are ...
LNG fills energy supply gap
Despite the eventual decline of three offshore gas projects, attempts are being made to supply 480 million cubic feet per day in summer, according to managing director of Myanma Oil and Gas Enterprise U Myo Myint Oo on March 3. “A plan has been arranged to ...
Oil imports lift US trade deficit
The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration. President Donald Trump took office ...
HomePro mulls investment in Cambodia
HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. Rakpong Aroonwatdhana, HomePro’s head of investor relations, is quoted by the Bangkok Post ...
Vietnam’s Mobile World Group enters Cambodia
Mobile World Group will launch its first store called BigPhone.com in Cambodia in the first quarter of this year, according to Viet Nam News. The store is under construction, general director of MWG Tran Kinh Doanch was quoted as telling the English daily. “Once operation, the ...
Mandalay development policy draft completed
The first draft of a policy to develop specific industries in the Mandalay Region has been completed and will soon be presented to the Hluttaw once the policy is finalised. Work on drafting the policy began three months ago, and focuses on the sectors of agriculture, ...
License for Cambodia investment tax service
Cambodia Investment Tax Service has become the 44th tax agent to get a license from the General Department of Taxation since the government made an effort to modernize and make more efficient tax collection by using private companies. Anthony Galliano, company group CEO, said licensing and ...
Palm oil prices set to drop
A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China. Tight supplies following a drought in ...
Foreign investors still seek solutions after business suspensions
The owners of two manufacturing plants in a Vientiane industrial park that were ordered to temporarily suspend their operations amid fears over environmental impacts are still waiting for a final answer on their case from the government. Two foreign-owned manufacturing plants in Vientiane Industry and ...
Authorities hopeful of rebounding rubber price this year
Luang Namtha provincial authorities are hoping an increase in the world price of rubber will boost exports to China and local farmers’ incomes. The end of rubber tapping season October-November last year saw the price reach 8,000-9,000 kip a kg for raw rubber and this ...
