With the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
Read MoreVietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. Cambodia in second place received 89.4 million new investments from Vietnam, while the US, the top destination with $302.8 million, making up 52.7 percent of the total, Laos, […]
Read MoreSmall and medium-sized enterprises (SMEs) continue facing the brunt of the economic fallout after the community outbreak with an Asia Foundation survey finding that nearly 50 percent of enterprises had closed as of April 2021. A similar survey conducted between July and November 2020 found that only about 13 percent of SMEs had closed. “A […]
Read MoreThirty Cambodian garment factories have signed up for the EU-funded Switch Garment auditing process, with 20 more slated to join the initiative by the end of the year. The initiative is meant to reduce carbon greenhouse emissions. The Global Green Growth Institute estimates that improved energy practices in Cambodia’s garment production could reduce greenhouse gasses […]
Read MoreThe Business Registration System on Information Technology Platform (OBR) Phase 2 will be launched on Sept 1 and will expand its services to many sectors. The launch ceremony will be held virtually under the auspices of Aun Pornmoniroth, deputy prime minister, minister of economy and finance and chairman of the committee on economic and financial […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved seven new projects representing a total investment of $63.5 million. Ethan Metal Manufacture Co Ltd will be opening a processing plant for aluminium, iron and copper to be located in Kandal province. Soma Energy Co Ltd will open a five megaWatt (mW) solar power station […]
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Thailand
