Economy and industry
Monetary tightening emerges as risk to Chinese economy
China economists increasingly see tighter monetary policy by the People’s Bank of China as a downside risk, voicing concerns that efforts to curb capital outflows and a real estate bubble will weigh on the economy. Tighter monetary policy has surged to second place on a ...
Water utility widens revenue stream
The capital’s listed water utility inaugurated a new treatment facility on April 5 that will increase its production capacity of clean water by 30 percent, and add to its revenue stream – a move likely to impress its shareholders. Phnom Penh Water Supply Authority (PPWSA) officials ...
Startups turn heads in Silicon Valley
Cambodia’s startups have clamoured to attract foreign venture capital, and now even Silicon Valley is paying attention. Last month, local media and entertainment site Khmerload – described by some as Cambodia’s version of Buzzfeed – secured $200,000 in investment from the regional arm of California-based ...
Ministry to push quality control
The Ministry of Industry and Handicrafts has started a laboratory and a department to check on the quality and safety of local products to be exported, state news agency AKP reported on April 5. Phouk Sovannarith, a secretary of state at the MIH, said in ...
Laos placed among the lowest contraception usage in Asia
Laos, Nepal and Myanmar are the countries which have the lowest number of contraceptive users in Asia, according to the latest United Nations’ figures. The figures from the UN’s Department of Economic and Social Affairs, compiled by ANN/DataLeads, show wide disparities in the use of ...
Savannakhet bridge immigration fee ruling not yet enforced
Immigration staff at the Lao-Thai Friendship Bridge, which links Savannakhet province to Mukdahan province in Thailand, are still waiting for instructions from the provincial office about ending the collection of immigration and service fees. Head of bridge operations, Mr Bounkham Phutthichak, told Vientiane Times by ...
PM pushes for further success on back of ASEAN Summits
Prime Minister Thongloun Sisoulith has called on the government and businesses to convert the success of the ASEAN Summits hosted by Laos last year into productive outcomes, to maximise the benefits brought to the nation. Mr Thongloun made the comment at a ceremony held on ...
Cabinet approves investment in new Bang Pakong power plant
The Cabinet on April 4 gave its approval for the Electricity Generating Authority of Thailand (Egat) to go invest Bt33.94 billion to build a new power plant in Chachoengsao’s Bang Pakong district to ensure a stable and adequate power supply in Bangkok and its vicinity. Construction ...
PM not worried about Trump trade policies
Thailand should remain calm about new US trade policies, Prime Minister Prayut Chan-o-cha said on April 4, adding that he has assigned relevant ministries to study the issues. He also noted the 180 years of relations between the two countries. Also, Deputy Prime Minister Somkid Jatusripitak on ...
Millers push for China access
Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. Hun Lak, vice president of the Cambodia Rice Federation (CRF), said just 26 Cambodian millers ...
