News

How China's downturn is impacting southeast Asia

China’s economic growth for this year is projected by the International Monetary Fund to fall to 6.8 percent – its slowest pace of expansion in over two decades. The slowdown in China – which now accounts for about 15 percent of the global economic output – ...

Myanmar tobacco products to display warning pictures

Packaging for cigarettes made in Myanmar will soon bear photos and text cautioning against the deleterious health effects of consuming tobacco products, Health Minister U Than Aung has said. “We have drawn up a notification to include health warnings in pictures and text covering 75 percent ...

Vietnam, Laos step up corruption fight

Vietnam’s Party General Secretary Nguyen Phu Trong has asked the Commission for Inspection of the Communist Party of Vietnam Central Committee and the Lao People’s Revolutionary Party Central Committee to closely co-ordinate and regularly share experience in inspections and anti-corruption work. Keep reading ...

Watching markets from the sidelines

As Chinese markets plunged 8.49 per cent on 24 August sending jitters across global indices, industry insiders were cautious about its potential spillover effects into Cambodia, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector. Jay Menon, lead economist for trade ...

Phnom Penh battles blazes

A rash of fires ripped through the capital on 24 and 25 August, with the most devastating one destroying 36 houses across a packed slum next to the Monivong bridge in the southern district of Chbar Ampov. The Chbar Ampov fire began to burn at about ...

Labour shortages in Sihanoukville

Aiming to one day become a major manufacturing base in Cambodia, Sihanoukville faces an uphill battle in attracting workers, provincial officials have said. Yow Khemara, director of the Department of Labour and Vocational Training at Preah Sihanouk province, said Sihanoukville currently lacks about 4,000 workers in ...

Consumer confidence posts larger fall in August

The ANZ-Roy Morgan Vietnam Consumer Confidence index slid 4.9 points to 133.7 points in August, 1.8 points lower than a year ago. The decline was caused by reduced confidence across all components of the survey. In terms of personal finances, just one third of respondents (31 ...

Vietnam pushes ahead with business climate improvement

Improving the business environment is vital to increase competitiveness for enterprises, especially in the light of international integration, heard a workshop in the Mekong Delta city of Can Tho on 25 August. Keep reading ...

Thailand destroys more than 2 tons of illegal ivory

Thai authorities destroyed more than 2 tons of seized and smuggled ivory on 26 August, in the latest move by the government to avoid possible economic sanctions over a perceived failure to tackle the illicit trade. Tusks from more than 200 dead African elephants and other ...

Ministry reveals CSR history for country’s largest oil and gas firms

The corporate social responsibility (CSR) contributions made by international oil companies operating in Myanmar have been made public for the first time, with France’s Total E&P Myanmar at the top of the list. The Ministry of Energy (MoE) has released figures dating back to 1998, on ...

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