Cambodia, Myanmar frontier for VN firms: experts

Cambodia and Myanmar offer huge investment opportunities in the agricultural sector for Vietnamese firms, experts said. The two countries have made a successful switch from a centrally planned economy to a market-oriented one, and their productivity has increased significantly while labour costs remain competitive. Speaking at a seminar in HCM City on Thursday on the […]

Cambodia’s Garment : A sector too big to fail?

Cambodia’s garment sector is the backbone of the country’s export-driven economy and employs 86 percent of all factory workers. But the sector faces threats from increasingly competitive regional neighbours, the inevitable shift to automation and the potential loss of preferential trade agreements. The stakes couldn’t be higher for the country’s economy. About 40 percent of […]

Private equity firm casts net on Mekong region

A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]

Siam Cement sees opportunities along Belt & Road

Thai conglomerate’s CLMV investments will pave way to China and India, CEO says HONG KONG — Thai industrial conglomerate Siam Cement Group will look for investment possibilities in South China and India in the years ahead, as China shapes its vision of the Belt and Road Initiative, President and CEO Roongrote Rangsiyopash said Monday. The […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Lien AID plans more clean water projects in remote rural Myanmar

Singapore’s Lien AID has been improving the health and well-being of remote communities in Asia by providing potable water and sanitation since 2006. The charity has been able to mobilise funds and technical skills to be able to deliver drinking water and sanitation services to 2800 villages, 270 schools and 50 health centres in Cambodia, […]

Grab Officially Takes Control Of Uber’s Southeast Asia Operations

Grab announced today that it will acquire all of Uber’s Southeast Asia assets, confirming rumors that have been floating around the highly competitive ride-hailing market. Grab gains control over all Uber’s assets and operations in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, including UberEats, which the company plans to leverage to expand […]

Some businesses see positive impact from higher minimum wage

The Myanmar daily minimum wage has been set at K4,800, which is a rise of 33 percent from the K3,600 workers were drawing previously. The change was announced by the National Committee for the Minimum Wage on Monday. The change comes after months of negotiations between business owners and workers unions. Before the current wage […]

Myanmar inches slightly ahead of Laos in latest graft index

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

Myanmar farmers going against the grain with apps

A free app on farmer San San Hla’s smartphone is her new weapon in the war against the dreaded stem borer moth that blighted her rice paddy in southern Myanmar for the last two years. As she watches her workers haul in this year’s harvest, the 35-year-old is in a triumphant mood, ascribing her victory […]