Economy and industry
Banks offer credit for those with steady jobs
The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit. Canadia Bank began offering advance salary loans in early 2014, while ...
Foreigners buy houses in Vietnam as green light turns on
Though some problems still exist in the legal framework, more and more foreigners are registering to buy houses in Vietnam. A local newspaper reported that a Japanese footballer playing Series A football league in Italy has bought luxury houses in district 2, HCM City, through a ...
Tycoon looks to expand and deepen private Sihanoukville seaport
Agro-industrial tycoon Mong Reththy plans to expand his private port to handle bigger ships and containerised cargoes, increasing potential competition with the country’s principal port in Sihanoukville. “In order to handle container ships, the port must be renovated and the channel deepened to eight metres, which ...
Poverty reduction – Central Highlands’ main political task: PM
Poverty alleviation remains a main political task of the Central Highlands region, stated Prime Minister Nguyen Xuan Phuc at a working session with the Central Highlands Steering Committee in Dak Lak province on June 20. He suggested regional localities study and propose amendments to their specific ...
Pattaya sea water quality gets 'poor' grade
The sea water along the busy central Pattaya beaches in Thailand is of poor quality and could endanger human and marine life, Regional Environmental Office has said. According to Thanapong Rattanawutthinun, of the Chon Buri provincial office of Natural Resources and Environment who also attended ...
Damming the Nam Tha in Northern Laos
The Nam Tha, or Tha River, begins in northern Laos near the Lao-China border and runs southwest to join the Mekong just south of Huay Xay on the Lao-Thai border. In October 2014, I traveled by motorcycle and longtail boat up the Nam Tha, starting ...
Cambodia’s solar sector set for bright future
The Kingdom’s ability to produce renewable energy boosted with $30m funding from Climate Investments Funds. With almost half the population of Cambodia without access to electricity, the announcement today of $30m in funding for renewable energy projects should come as welcome news. The $8.1-billion Climate Investments Funds, ...
Thaicom told to pay concession fee to ministry
Deputy Prime Minister Prajin Juntong on 20 June told the Information and Communications Technology Ministry and Thaicom to seek agreement over the latter paying an annual concession fee to the ministry for the use of the Thaicom 7 and 8 satellites. Takorn Tantasith, the National Broadcasting and ...
DCA preps new air transport policies
Myanmar will sign air service agreements with the Netherlands and Mongolia this year, and is drawing up new policies that include tackling the profusion of domestic airlines, the Department of Civil Aviation’s director for transport has said. Myanmar boasts 11 airlines and a 12th – a ...
Exporters ask for exchange solution
Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. The problem is that the Central Bank only allows lenders to conduct foreign ...
