Economy and industry
Economy to face new challenges
Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...
Attracting more tourists the key to aviation growth
The lack of tourists is among the main reasons for the closure of Attapeu International Airport in recent months, according to senior officials. Infrastructure and tourism development serve as the foundations for developing the main draw-cards in Attapeu if authorities want to attract more tourists ...
Solid growth expected for Laos this year and 2018: ADB
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...
Credit guarantee insurance not helping small businesses
Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given ...
Betel farmers reap healthy profits this season
According to betel farmers from Shwegu Tesu village in Sagaing Region’s Khin-U township, this season’s prices are helping them reap healthy profits. “We were making profits because prices were good since the start of this season. So farmers didn’t face losses this year compared to ...
Landslides threaten coastal provinces
Landslides have been eroding coastal areas and tourism sites, seriously affecting the lives of thousands of people. Travelers at Cua Dai Beach in Hoi An in Quang Nam province last year could not swim in the sea because of warnings about landslides. Similar warnings have appeared ...
Vietnamese workers warned of ‘robot threat’
Millions of textile & garment and footwear workers could be replaced with robots in the future. Robots are already being used at the 20-hectare Vinamilk actory in Binh Duong province. There are 19 robots and several workers. Everything runs on an automation process. Some robots carry ...
Inspect steamers, ministry tells factories
The Labor and Vocational Training Ministry has instructed all garment, textile and footwear factory owners to ensure all steam irons adhere to safety regulations to prevent explosions like the one last month that killed one garment worker. In an announcement by Labor Minister Ith Samheng dated ...
What’s on the agenda for the Trump-Xi meeting?
Tomorrow, U.S. President Donald Trump will begin his first face-to-face meeting with Chinese President Xi Jinping. The meet-and-greet, to be held at Trump’s Mar-a-Lago estate in Palm Beach, Florida, will be the first direct engagement between the two leaders since a phone call on February ...
China and India’s shared pathway to great power
With both countries displaying world-leading economic prowess, along with mounting military expenditures, as well as their increasingly heard – and sought after – diplomatic voices, China and India are determinedly on the rise within international affairs. Their collective ascent is a fundamental element within contemporary ...
