Economy and industry

It is harvest time in the shadow of mist-covered mountains in southern Shan State – not for the rice or pulses growing elsewhere, but in the fields that will supply heroin to voracious markets, in Myanmar and across international borders. Down in the valleys and on ...

The ire of MPs over the 11.95 percent supplementary budget request from the outgoing government was directed on 3 December toward the Central Bank. While its request for K59.059 billion represents just 2.3 percent of the K2.464 trillion budget proposal, MPs said it was a prime example ...

China has signed rice and rubber purchase deals with Thailand as part of the Thai-Sino railway development agreement. Negotiations over the railway are continuing. The deals were signed at the ninth meeting of the Joint Committee on Railway Cooperation in Bangkok on 3 December. Keep reading ...

The global price of Hom Mali fragrant rice has dropped to the lowest in six years as growers sell their grain direct to millers-cum-exporters instead of joining a state-run bank’s scheme to increase rice prices. Keep reading ...

Most Cambodians continue to have low financial literacy even as an increasing number of them are beginning to embrace the formal banking sector, according to a recent Standard & Poor’s report. The international credit rating firm’s Global FinLit Survey showed that only 18 per cent of ...

The government has agreed to delay the passage of a controversial law governing the trade union sector, announcing it would set up a national workshop to work out the legislation’s thornier clauses on 15 December. The decision comes after repeated protestations from a coalition of 23 ...

Government officials defended Cambodia’s record on internet freedom on 3 December, despite concerns that recent and proposed legislation could curtail the rights of those speaking out online. Addressing a conference on the issue in Phnom Penh, Meas Sophorn, undersecretary of state at the Ministry of Information, ...

Despite efforts to reduce costs and increase yields, Vietnam’s coffee exports have faced a difficult year, delegates heard at a seminar in Ho Chi Minh City on 2 December. “The international coffee market has seen unexpected trends and seriously impacted Vietnamese exports,” Deputy Minister of Agriculture ...

Bangladesh and Myanmar remain at odds over 28 people who were among more than 900 rescued at sea in May, after being abandoned by human traffickers. Following the repatriation of 48 Bangladeshi nationals on 2 December, the Bangladesh embassy in Yangon said in a statement that ...

Thai stocks dived 1.29% on 2 December on panic selling after rumours swirled on social media that the EU had imposed sanctions on Thailand. The Stock Exchange of Thailand index, Asia’s worst-performing market for the day, took a nosedive just minutes after the afternoon session began, with the ...