News
Govt tightens spending to reduce debt burden
The government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are ...
NA debates amendments to law on electricity
Despite the draft amendment to the Law on Electricity being approved, numerous issues have been relayed to the drafting sub-committee for improvement following comments and recommendations from National Assembly members. Electricity project authorisation, impact compensation or resettlement, and project concessions were some of the topics ...
Laos, Malaysia strengthen ties
Prime Minister Thongloun Sisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is Mr Thongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims ...
Kerry Worldbridge SEZ opens its doors
Kerry Worldbridge Logistics’ special economic zone began operating yesterday, with promises of boosting the high-end technology industry. The zone, a joint venture between Hong Kong-listed Kerry Logistic Network Ltd and Worldbridge International, said the SEZ will be a hub for foreign manufacturing firms. Sear Rithy, president ...
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families on May 9 petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
South Koreans eye farm sector
Cambodian agriculture has huge untapped potential for South Korean investors, according to the secretary-general of the ASEAN-Korean Centre. Kim Young-sun led nine leading Korean companies specialising in agriculture at a seminar organised jointly with the Council for the Development of Cambodia. On Monday, the group ...
Authorities warn of foot and mouth disease outbreak
Svay Rieng provincial agriculture authorities urged residents to take extra precautions with their cattle to prevent the spread of foot and mouth disease, which was detected in several communes there. Provincial department of agriculture director Thach Ratana said on May 9 that on Thursday, more than ...
Embassy ducks forestry dispute
The South Korean Embassy on May 9 declined to get involved in a dispute between a group of residents and a company which wants to clear forest near their homes. Activists from Prey Lang Community Network went to the embassy at Koh Pich to deliver a petition ...
Labour ministry reviewing agencies deposit fee order
The Ministry of Labour, Immigration and Population is now reviewing its deposit fee order for overseas employment agencies, according to an official in charge of migration at the ministry. The ministry’s Migration Department Director General U Thein Win told The Myanmar Times on Friday that ...
