Cambodia Hosts Sub-Regional Intellectual Property Discussion

4 September 2015

Cambodia hosted a sub-regional intellectual property discussion in Phnom Penh on 2 Sept. with an aim to boost for an effective control of intellectual property. Challenges, solutions, knowledge and experience sharing, authors’ rights and other similar rights executed by each country so far discussion. The event was attended by relevant officials from Cambodia, Laos, Myanmar, Thailand and Vietnam.

Source:

http://www.akp.gov.kh/?p=68284

Indonesia drops high-speed train project, eyes slower link

04 September 2015

Coordinating Minister for the Economy, the rail project that the president decided a high-speed service is not needed on the proposed line connecting Jakarta and the West Java provincial capital Bandung. The link is relatively short at around 150 km, not sufficiently long for the high-speed train to sustain the envisaged top speed of 300 kph, adding that the cost for the slower service would be significantly lower.

Source

http://www.japantimes.co.jp/news/2015/09/04/business/indonesia-drops-high-speed-train-project-eyes-medium-speed-rail/#.VekSu7WvxSR

Efficiency on factory floor boosts GTI profit

04 September 2015

Cambodia’s second listed company Grand Twins International (GTI) posted an increase in profits for the quarter ending June 30, as the company, despite losing revenue, was able to reduce the costs and improve worker productivity. The factory production efficiency improvement after implementation of several projects such as Manufacture Efficiency Project and Material Utility Project.

Source

http://www.phnompenhpost.com/business/efficiency-factory-floor-boosts-gti-profit

Single rice brand stirs the pot

02 September 2015

Agriculture Ministry and the Cambodia Rice Federation are at odds over the branding of Cambodia’s premium jasmine rice that would help differentiate it from similar varieties sold by Thailand. The CRF's acting secretary-general Moul Samrith said “We have set up the market promotion executive committee for naming the quality rice as the trademark, because so far our rice is just known as fragrant rice, because we do not have a specific name,” 

Source

http://www.phnompenhpost.com/business/single-rice-brand-stirs-pot

First negative inflation likely in six years

02 September 2015

Thailand is highly likely to post negative inflation in 2015 for the first time in six years, mainly because of plunging oil prices and the sluggish economy. The negative inflation was due mainly to plummeting oil prices, while core inflation, which excludes fuel prices, still increased. The ministry has projected that inflation in the remaining months is not likely to bounce back to positive growth on expectations of lower electricity costs and gas prices.

Source

http://www.nationmultimedia.com/business/First-negative-inflation-likely-in-six-years-30267931.html

New tourism plan set to promote Asean as a whole

1 September 2015

The Asean Tourism Association is drafting another strategic plan for 2016-2025, aiming to raise the region's presence in the global market and to increase intra-regional travel. ASEANTA counts as its members various tourism-related groups from all 10 Asean countries, including national tourism organizations, national travel-agency associations, national hotel and restaurant associations, and airlines.

Source

http://www.nationmultimedia.com/business/New-tourism-plan-set-to-promote-Asean-as-a-whole-30267863.html

Initiative to self-certify origin of goods set up

1 September 2015

The Ministry of Commerce has announced a program that will allow approved exporters to use their invoices to self-certify their products’ origin, removing the need to apply directly to the ministry each time a company needs to ship goods from Cambodia. Companies can apply for the service at the ministry to have their application assessed by a steering committee for approval.

Source

http://www.phnompenhpost.com/business/initiative-self-certify-origin-goods-set