News
Cassava prices hit a new low
Cassava prices in Cambodia experienced a sharp drop this month leading to heavy losses for smallholder farmers unable to quickly switch to more profitable crops and recoup their mounting losses, a provincial agriculture official said yesterday.Faced with low prices of around 144 riel ($0.035) per ...
Japan's Daiwa to buy into Myanmar internet provider
Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the ...
US initiates anti-dumping investigation on VN’s polyester
he US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Việt Nam.These investigations are based on petitions filed by DAK Americas ...
The next chapter for the Trans-Pacific Partnership
The future of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement. The TPP was the economic arm of ...
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 ...
Human traffickers continue targeting young Lao
Thousands of young people including local factory workers have been lured into the trap of human trafficking, experts in the field have highlighted. Lao Federation of Trade Unions (LFTU) has called for governments in the region, notably those in Mekong Sub-region to work harder in ...
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 ...
EU falls short in fighting Asian human traffickers
The European Union is a magnet for human traffickers from Asia and must run better programmes in the region if it is to combat the global trade in people, according to a report by the European Court of Auditors.Despite funding 31 million euros ($34.5 million) ...
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 ...
Chinese rail workers ‘will be certified’
Two leading professional councils have said Chinese engineers and architects involved in the Bangkok to Nakhon Ratchasima high-speed train project will have to be tested and certified by Thai councils.The Engineers Council and Architects Council said at a press conference in Bangkok yesterday that they ...
