Economy and industry
Cambodia sees 7 pct rise in new business registration in 1st half of 2015
Cambodia granted operating licenses to 2,165 new companies in the first six months of 2015, up 7 percent from last year, according to a commerce ministry’s report. Keep reading ...
Fuel tax delayed after pump protest
Provincial administration organisations (PAOs) in Thailand’s three southern border provinces have agreed to delay imposing a new local tax on fuel sales, which led to a brief protest by local pump stations 13 July. Motorists in Pattani, Yala and Narathiwat were left high and dry after most ...
Germany considers renewables funding
Germany’s development bank is considering expanding its investments into Cambodia’s renewable energy and agriculture sectors, a visiting German parliamentarian told the president of Cambodia’s Senate last week. Thomas Gambke, chairman of the ASEAN Parliamentary Group in the German Parliament, met with Cambodian Senate President Say Chhum ...
Rules passed for derivatives
Cambodia has moved to formalise its ill-regulated derivatives sector by launching a key regulation earlier this month. On July 2, the Securities and Exchange Commission of Cambodia (SECC) approved the prakas on the “Licensing and Supervision of Derivative Trading”. The prakas regulates the sector by allowing individuals ...
Vietnam leads emerging market greenfield FDI performance index
Vietnam has topped a performance index for greenfield foreign direct investment, leading all other emerging markets by a wide margin. The southeast Asian country ranked number one in a study by fDi Intelligence, an FT data division, which looked at inbound greenfield investment since 2003 relative ...
KBank, Aeon connect in Laos
Kasikornthai Bank in Laos has extended loans and offered financial management services to Aeon Leasing Service (Lao) to support its retail and motorcycle-financing business there. Both parties are also ready to jointly develop payment channels and other innovative services in a bid to assist Thai investors ...
China growth slowdown may widen Vietnam trade gap, official says
China’s economic slowdown may widen Vietnam’s trade deficit as the Southeast Asian nation counts on its largest trading partner to buy commodities, according to a government official. “It would hurt our exports to China, especially with agricultural products,” Nguyen Duc Kien, deputy head of the National ...
Beer competition brews as Heineken launches in Myanmar
Dutch giant Heineken opened its US$60 million brewery on 12 July, with its locally developed Regal Seven lager beer set to hit store shelves shortly. The brewer will also face the unusual situation of competing against one of its own beers. It owns Tiger beer, but ...
Smuggling cases on the increase at border posts
The number of smuggling cases in Vietnam handled in the first six months of the year rose by 35 per cent compared to the same period last year, reported the National 389 Steering Committee. The statistics were released on 10 July at an online meeting of the ...
After slavery, trafficked fishermen face lonely road to recovery
Hundreds of fishermen were rescued from slavery on Thai fishing boats off the coast of Indonesia earlier this year. Trafficked and sold to work on the boats, the men – mostly from Myanmar and Cambodia – had endured beatings, abuse and torture. After they were freed, ...
