Economy and industry

Over 100 Cambodian vendors attacked and besieged some 10 Department of Special Investigation officials and representatives of major brands at Thailand’s Rongklua Market in Sakaew on 3 February, injuring several officials. The DSI officials tried to arrest a Cambodian female vendor for allegedly selling imitated goods at ...

Tiki, a Vietnamese e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$18 million in funding, information technology news website ICTnews reported on 2 February, citing industry insiders. Keep reading ...

Fuel retailers in Vietnam cut prices by around 5 percent on 3 February, creating a new record low in five years, local media reported.   Petrolimex, Vietnam’s leading fuel importer and distributor, has lowered the price of 92-RON, the most popular grade of gasoline in the country, ...

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...

Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...

Myanmar hopes to import electricity from Laos at an installed capacity of about 300 megawatts (MW) in the near future while the exports to Vietnam may be increased in the next few months. “The Myanmar government proposed this project to Laos about two months ago,” Deputy ...

Contracts for 20 megaprojects in the Thailand Transport Ministry’s infrastructure development plan are likely to be signed before the current fiscal year ends, a senior transport official says.  Speaking after a meeting following up on the megaprojects worth a combined 1.79 trillion baht, deputy permanent secretary Peerapol ...

An ongoing labour dispute turned violent on 1 February after striking garment workers in Kandal province said they were attacked by security guards, while in a separate case involving labour-related violence, a prominent union leader was summonsed for questioning over a scuffle he has publicly accused ...

Myanmar energy officials have pledged to push down the price of petrol at the pump still further, as it emerged that some filling station owners are profiting from globally plummeting oil prices by keeping their prices up – or even raising them. At a press conference ...

Cam Con Commune, Bao Yen District, has been proposed as the location for Lao Cai Airport, which had to adjust its plans to include A320 and A321 aircraft. The plan was submitted by MTV Limited Company, the airport’s consulting unit, at a meeting with Vietnam’s Transport Ministry ...