Economy and industry
Council gives green light to proposed Vientiane highway
The Vientiane People’s Council has approved a proposal for the construction of a 14-km highway submitted by city authorities in a bid to ease traffic congestion. The six-lane highway will be built parallel to Kaysone Phomvihane Road. The planned road will be 70 metres wide ...
Firmer prospects as rubber rebounds
Cambodia’s beleaguered rubber industry looks set for a turnaround as international rubber prices continue their strong rebound. Local traders and industry officials said on January 12 they were optimistic that rubber prices, which doubled during the course of 2016, would continue to rise as the ...
Cassava woes still persist
Local cassava producers still do not fully understand the process of obtaining a sanitary and phytosanitary certification, a necessity for those exporting their produce to Thailand. Department of Agriculture deputy director-general Hean Vanhan said that there were no barriers for local cassava vendors to export to ...
Laos, Singapore to further enhance cooperation
Laos and Singapore will further enhance their relations and continue cooperation in the development of various fields. This was the main theme of a meeting on January 12 between President Bounnhang Vorachit and the President of the Republic of Singapore, Dr Tony Tan Keng Yam, when ...
Battambang dam 98 percent complete
Construction of a $100 million dam project and the largest reservoir in Battambang province is 98 percent complete and scheduled to be finished before Khmer New Year in April. The Battambang Multipurpose Dam, located in Ratanak Mondul district’s Plov Meas commune, has dikes connecting one mountain ...
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Palm oil projects destroy local livelihoods: report
More than 1.8 million acres of palm oil plantations in Myanmar’s southern Tenasserim Division do more harm than good for local Karen villagers, causing land conflict, damaging livelihoods, destroying biodiversity, and polluting the environment, according to a new report. Companies and businesspeople have taken over ...
Japan's Sumitomo adding rental factory space in Southeast Asia
Trading house Sumitomo Corp will expand its factory rental business in Southeast Asia serving small manufacturers from Japan, offering them the chance to launch overseas production without the hefty financial commitment of building their own plants. The factory space comes ready for use, equipped with electricity, ...
Soros fund management to assist Myanmar in budget drawing process
The Soros Fund Management will render technical assistance to Myanmar for its budget drawing process and taxing, Myanmar News Agency reported on January 12. The assistance was discussed when Myanmar State Counselor Aung San Suu Kyi met with the Soros Fund Management delegation led by ...
Policymakers to decide Krabi plant fate
Energy policymakers will make a final decision on Feb 17 about whether the government will proceed with a plan to build a coal-fired power plant in the southern city of Krabi, says the Electricity Generating Authority of Thailand. Egat governor Kornrasit Pakchotanon said the National ...
