Economy and industry

The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because ...

As fewer passengers travel by train during the Thingyan water festival, some of the train services will not run until the festival is over. The train services will resume their normal schedules after Thingyan, Mandalay Railway Station Master U Nyein Maung said. Train maintenance will ...

Traditional retail businesses will get help from the government to enable them to compete better with modern operators and stimulate the domestic economy. The Commerce Ministry says it aims to boost the number of what it calls strong enterprises to more than 25,000 this year ...

Though the taxi-hailing service is still a relatively new concept in Myanmar, Grab, the leading ride-hailing firm in Southeast Asia, has revealed its ambitious target of attracting everyday taxi users in Yangon to book taxis through their app. Cheryl Goh, group vice president of marketing ...

Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. State-run media outlet AKP quoted Kao Kim Hourn, an official attached to the Prime Minister in charge ...

As Cambodia moves forward with its Industrial Development Policy, the government is seeking support from international organisations for smooth implementation. The Post’s Kali Kotoski sat down with Li Yong, director-general of the United Nations Industrial Development Organization, to discuss his findings and how the organisation ...

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. The deal, ...

A senior economist from the Asia Development Bank has warned the EU’s ban of Tricyclazole could damage Cambodia’s agriculture sector, as farmers rush to eradicate the use of the fungicide by June. The strict new limits on pesticides will mean rice exported to the EU ...

China overtook Vietnam to reclaim the number one position as the largest foreign investor in Laos last year, according to an annual report from the Ministry of Planning and Investment. China’s investment last year soared to over US$1 billion compared to US$88.9 million in 2015 ...

Lao Airlines will schedule an additional two flights daily on the Vientiane-Luang Prabang route for the five day Lao New Year holiday, a Lao Airlines marketing official said. This year, we plan to add two more flights for Vientiane-Luang Prabang, increasing the number of flights ...