Phnom Penh (VNA) – Railway authorities of Cambodia and Thailand set to meet onFebruary 14 for final discussions on cross-border rail transportation betweenthe nations.
The twocountries’ agreement on cross-border railway was signed last April, but yet tobe implemented, Ly Borin, under-secretary of state of the Ministry of PublicWorks and Transport, told Khmer Times.
He said histeam will talk with the Thai counterparts about the transnational railroad andfinal documents will be inked to make sure people and cargo from both countriescan cross the border via train, Ly said.
The newconnection will make the transportation of cargo more efficient, lowercosts, improve security, reduce traffic jams and contribute to the developmentof both countries as well as add a further link with the rest of ASEAN membersand the Mekong sub-region.
Ly unveiledthat the two countries were about to start cross-border rail transportation inOctober last year, but floods damaged the railway, so Cambodian authoritiesdelayed the move. He added that now the track is fixed, both countries arenearly ready to start its operations.
Cambodia plansto start in March at the latest to ensure the cross-border rail transportationruns smoothly, he said.
In April lastyear, Cambodian Prime Minister Hun Sen and his Thai counterpart PrayutChan-o-cha presided over the inauguration ceremony on the reconnected railroadnetwork more than 40 years since the route stopped. Both governments expect itwill improve transportation and boost trade.
Thailanddonated a diesel multiple unit (DMU) train, powered by on-board diesel enginesthat require no separate locomotive, to Cambodia. It was manufactured byJapan’s Hitachi company and comprises four carriages, each able to carry 80passengers.
The 386-km northern rail route connecting Cambodia and Thailand starts at Phnom Penh and travels to Poipet on the Thai border. At Poipet, a Thai train engine will befitted to allow onward passage to Bangkok.
According tothe Cambodian Commerce Ministry, bilateral trade between Cambodia and Thailandreached 9.41 billion USD by the end of 2019, up from 8.39 billion USD in 2018.Cambodia’s imports from Thailand totalled around 7.14 billion USD while exports stood at 2.27 billion USD./.
Cambodian Defense Minister Gen. Tea Banh will meet with his Thai counterpart Gen. Prawit Wongsuwon this week to discuss cooperation along their border, according to a statement released by the Cambodian Defence Ministry on February 11.
Thai Prime Minister Prayut Chan-o-cha and his Cambodian counterpart Samdech Techo Hun Sen co-presided over the inauguration of a friendship bridge and the reopening of railway lines connecting Aranyaprathet district in Thailand's eastern Sa Kaeo province and Poipet city in Cambodia's Banteay Meanchey province.
Thailand’s Securities and Exchange Commission (SEC) and Cambodia’s Securities and Exchange Commission (SECC) signed an MoU on September 17 to cooperate and exchange information on cross-border equity offerings and the issuing of depository receipts with the SEC.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
The facility was established in response to a growing shift in the Filipino labour force from the Middle East to Japan, where workers are seeking safer working environments.
In the latest Indonesia-US trade agreement in July, the US administration agreed to reduce the reciprocal tariff, which was initially set at 32% by US President Donald Trump last April, to 19%.
Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.