Economy and industry
Cambodia, Russia continue discussing nuclear energy plans
A November pact with Russia that first raised the possibility of nuclear energy in Cambodia is still being quietly pursued. Next week will see the second meeting of a Ministry of Interior working group dedicated to coordinating cooperation with the Vladimir Putin-led government in the ...
EU asks gov’t to cancel Mondulkiri border crossing plan
The EU has called on the government to kill plans for a controversial border checkpoint in the Mondulkiri Protected Forest that has drawn the ire of conservationists since it was first mooted two years ago. At a meeting with Interior Minister Sar Kheng on August 9, ...
More than 9,000 people in Singapore are ‘modern-day slaves’: study
Among nearly 46 million people living and working in slave-like conditions worldwide, an estimated 9,200 are in Singapore, according to a global index on 167 countries compiled by a human rights group. The lower the ranking, the less prevalence of “modern slavery” in a country. The ...
Bangladesh frees 92 Myanmar fishermen
The Bangladesh government pardoned 92 fishermen of Myanmar out of a good neighbourliness, who were caught for illegally entering into the Bangladesh territorial waters in December last year. According to the Bangladesh embassy in Yangoon, the authorities concerned in Myanmar were notified when the fishermen entered ...
Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As
Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...
Vietnam's fast economic growth is quietly slipping, but no one cares
In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. It’s odd then that ...
Thai regulator backs sim card plan to track tourists
Thailand’s telecommunications regulator has approved in principle a plan to issue special sim cards to foreign tourists so they can be tracked via their mobile phones. Officials at the National Broadcasting and Telecommunications Commission said the plan would apply to tourists only, backtracking on an earlier ...
ADB sells $1.3 billion in global green bonds to spur climate financing
The Asian Development Bank has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. Last year, ADB announced that it will double its annual climate ...
Cambodia standing up for migrant fishermen too late: experts
The government’s Cambodian Human Rights Committee on August 9 sent a request to its counterpart in Thailand to help push the Thai government to implement safety measures to protect Cambodian fishermen working in Thailand in often slave-like conditions, a request advocates said yesterday should have been ...
World Bank staff point to 'leadership crisis' at global lender
Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage. The rebuke, made in an open letter from the Bank’s staff association, came as informal talks ...
