Economy and industry
Laos a top source of visitors to Thailand
More and more Lao people are travelling overseas, particularly to Thailand and other ASEAN countries, thanks to Laos’ continuing economic growth which has generated increasing wealth. Director General of the Ministry of Information, Culture and Tourism’s Tourism Marketing Department, Mr Saly Phimphinith, told Vientiane Times ...
Push for Kep salt to obtain GI status
The Ministry of Commerce plans to push Kep salt to obtain geographical indication status thanks to the natural quality of salt in the province. Commerce Minister Pan Sorasak said the ministry was reviewing the possibility of GI status for salt farmed in Kep because the province ...
Cambodia, Russia discuss trade
Since reaching a deal to import agricultural products from the kingdom to Russia in mid-2016, Cambodia and Russia have now started talks on boosting trade involving agriculture, garments and oil. Cambodia asked Russia to import milled rice, sugar and garment products to comply with the agreement ...
Import ban on petrol aims at plugging leaks
Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...
Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia ...
Dolphin deaths slowing
The critically endangered Irrawaddy dolphin’s population in the Mekong is “stabilising”, the World Wildlife Fund said on December 27. With the sighting of 10 new dolphin calves and six reported deaths in the past year, 2016 saw a 30 percent drop in the mortality rate ...
Sky Angkor to stick with Airbus for expansion
Sky Angkor Airlines has abandoned a plan to lease two Russian Sukhoi aircraft after the deal proved “problematic,” and will instead look to use more conventional Airbus commercial jets to support its route expansion plans, a company executive said on December 27. The Korean-Cambodian airline ...
China poaches airport contract
The government has commissioned a Chinese consortium to build a new international airport for Siem Reap and formed a committee to determine how to compensate the French company that operates the city’s existing airport for prematurely ending its concession licence, according to documents obtained on ...
Zojirushi turns to Southeast Asia to bolster flagging growth
Japanese appliance maker aims to rely less on tourist shopping sprees. Zojirushi’s earnings have plateaued as buying by foreign tourists has ebbed, forcing the Japanese kitchen appliance manufacturer to seek customers in new markets, particularly Southeast Asia. The company said Monday that group sales edged ...
Japan's Taiyo Life to open Myanmar software company
Japan’s Taiyo Life Insurance will jointly establish an insurance software company in Myanmar as early as February, partnering with local business in an effort to secure its position here before the market opens to foreign investment. The enterprise will launch with roughly 1.2 billion kyat ...
