Economy and industry
Gov’t to borrow over $1B this year: report
The government expects to borrow nearly $1 billion from external creditors this year, primarily for infrastructure development, pushing the national debt over $6 billion, according to a report issued on November 4 by the Ministry of Economy and Finance. About a third of this amount, some ...
IMF urges more efforts to cool rapid credit growth
Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...
Local MFI relaunched after South Korean buyout
Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...
Authorities meet on proposed Law of Treaties
Authorities from eight northern provinces met in Bokeo province recently to discuss a proposed draft law of treaties and international agreements. The draft law would be the first law issued by the Ministry of Foreign Affairs and would set the principles, regulations and procedures for ...
Laos, Russia to partner in scientific studies
Laos and Russia have agreed to share their work with the aim of furthering academic cooperation in scientific research. An agreement on the partnership was reached on November 4 between the National Research Tomsk State University of the Russian Federation and Laos’ Ministry of Science and ...
Media law approved, but needs more changes: Assembly
National Assembly members have called for media outlets, individuals and entities that operate within the industry to be more clearly defined by law to ensure the media contributes positively to national protection and development. Members highlighted these points when debating a draft amendment to the ...
Foreigners flouting draft law could face immigration trouble
Foreign workers in breach of a law awaiting passage could face penalties, immigration officials say. The labour ministry is finalising a draft law for submission to the Office of the President that seeks to more tightly regulate foreign workers in the country. The draft incorporates ...
Miller execs resign amid price slump
Some 30 executive committee members of the Thai Rice Millers Association have stepped down amid criticism that rice millers are behind the recent slump in rice prices. The decision was declared by the the association’s president, Manas Kitprasert, during a news briefing Thursday. Mr Manas ...
President inspects Biluchaung Hydro-power Plant 2 in Kayah State
President U Htin Kyaw, together with Union Ministers U Than Myint, U Thein Swe and U Pe Zin Tun and Deputy Minister Maj-Gen Than Htut, visited Loikaw in Kayah State on November 3 and met with local officials, entrepreneurs, farmers and residents in Linphonlay Village. The ...
Việt Nam to build more transparent gov’t, continue restructuring economy
Deputy Prime Minister Phạm Bình Minh said on November 3 at the Việt Nam Summit 2016 that the country would continue to focus on restructuring the economy, renewing its growth model and integrating into the global production and value chain. Minh, who is also Minister of ...
