Economy and industry

The government’s emergency campaign to distribute water to some 2.5 million people affected by drought is over, Cambodia’s Prime Minister Hun Sen declared on 25 May, though for development partners and humanitarian groups, drought relief efforts continue. Humanitarian and disaster reduction manager for Save the Children ...

Director of the Luang Prabang provincial Department of Information, Culture and Tourism, Mr Onechan Souvannalit, said on 25 May that much more needs to be done in terms of marketing and creating confidence among international tourists, to encourage them to visit the World Heritage town. Tourists mainly ...

Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...

The second phase of a 2400-hectare special economic zone to the south of Yangon will be finished in July, with residential and commercial developments to follow, an official has said. Once the second phase of Zone A is finished in July, a company called Thilawa Property ...

Thailand and countries in the Mekong region should be able to rely 100 per cent on renewable energy by 2050 and escape the severe impacts of climate change, a World Wildlife Fund study revealed. The WWF held a press conference in Bangkok on 24 May to ...

Vientiane authorities have stressed the need for a new highway that would run parallel to KaysonePhomvihane Road in a move to minimise traffic congestion in the capital. The capital’s mayor DrSinlavongKhoutphaythoune put the plan to the Vientiane People’s Council last week, saying that without a new ...

GE, a US based global corporation on May 23 announced that it signed a Memorandum of Understanding with the Ministry of Industry and Trade on developing 1,000MW of Wind energy in Vietnam. Vietnamese President Tran Dai Quang and his US President Barack Obama witnessed the signing ...

Bangkok Mass Transit System Plc, a subsidiary of BTS Group Holding Plc, which runs the skytrain in Bangkok, has signed a contract to buy 46 new trains worth 11 billion baht from Siemens AG and CRRC Changchun Railway Vehicles, says BTS Group chairman Keeree Kanjanapas. ...

Regularly scheduled direct flights between Cambodia and Russia proposed by Prime Minister Hun Sen last week in Moscow might land in the coastal town of Sihanoukville, an official said on 23 May. “In the meeting, the Russian prime minister pushed for a direct flight from Russia ...

Businesses have poured more than 100 billion yuan into the Laos-China Boten-Mohan border economic cooperation zone, lured by investment incentives offered by the governments of both sides, the latest data shows. Located at the Mohan Border Port, which is China’s gateway to Laos and provides access ...