Cambodia, Thailand Reopen Rail Link After 45 Years
Cambodia and Thailand reconnected their railroad networks on Monday after 45 years to facilitate cross-border trade and transport.
Cambodia and Thailand reconnected their railroad networks on Monday after 45 years to facilitate cross-border trade and transport.
The ASEAN Infrastructure Fund has launched an “Inclusive Finance Facility” to provide concessional financing for critical infrastructure in three countries in the Greater Mekong Subregion—Cambodia, the Lao People’s Democratic Republic, and Myanmar.
Southeast Asia will sustain growth at close to 5% this year and next, according to a new Asian Development Bank report.
PHNOM PENH, CAMBODIA (3 April 2019) — Following a very strong economic performance last year, Cambodia will likely see moderate, but still robust, growth, with the economy expected to expand about 7% this year and 6.8% next year.
The Lao People’s Democratic Republic has signed an agreement with Electricité du Cambodge to sell 200 megawatts of electricity to Cambodia until 2021.
An international seaport project in Southern Cambodia will serve as a gateway for direct ferry services to Viet Nam and later to other destinations in the Gulf of Thailand. The fast ferry services are expected to boost tourism in the Southern Coastal Subcorridor of the Greater Mekong Subregion.
Pilot projects in the Greater Mekong Subregion are helping increase small farmers’ income by enhancing their access to the lucrative organic food market using a community-based certification system.
The Asian Development Bank has published economic statistics for analyzing cross-border production arrangements in Southeast Asian countries, including those in the Greater Mekong Subregion.