Thai, Cambodian PMs talk to promote multifaceted links
Thai Prime Minister Prayut Chan-ocha and his visiting Cambodian counterpart Hun Sen discussed measures to strengthen all-around ties between the two countries at their talks in Bangkok on December 18.
Thai Prime Minister Prayut Chan-ocha and his Cambodian counterpart Hun Sen at a meeting in Bangkok in 2014 (Source: Reuters)
Bangkok (VNA) ꧒– Thai Prime Minister Prayut Chan-ocha and his visiting Cambodian counterpart Hun Sen discussed measures to strengthen all-around ties between the two countries at their talks in Bangkok on December 18.
During the talks, both sides discussed measures to enhance collaboration in agriculture, trade and investment promotion, development in border areas between the two nations, and bilateral coordination at regional and international forums.
Also the day, the Cambodian leader delivered a speech at the Thailand-Cambodia Business Forum, during which he called for expanded investment cooperation between the two countries in energy and tourism – the spearhead economic sector of both sides.
The two PMs will co-chair a joint cabinet meeting on December 19 to debate ways to foster cooperation in key fields of common concern such as politics, economics, and culture-society.
They will witness a signing ceremony of four documents: the second joint cabinet meeting’s joint declaration, a Memorandum of Understanding (MoU) on development of cross-border control facilities and the construction of a bridge and roads between the Thai province of Takeo and Cambodia’s Banteay Meanchey province; an MoU on labour cooperation; and an agreement on the employment.
According data from the Cambodian Ministry of Trade, two-way trade has recorded stably growth, increasing to 5 billion USD in 2014 from 4 billion USD in 2012. The figure is expected to exceed 5 billion USD this year.
The Cambodian PM’s visit to Thailand is part of activities to celebrate the 65th anniversary of diplomatic ties and to promote the bilateral relations between the two nations.-VNA
Trade between Thailand and Cambodia hit over 4.18 billion USD during the first 10 months of the year, up 12 percent against the same period last year, according to the Thai Embassy in Cambodia.
Cambodia and Thailand have promoted trade activities in a bid to increase bilateral trade turnover to over five billion USD in 2015, said Cambodian Commerce Secretary of State Chhuon Dara.
Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Hor Nam Hong met with senior Thai officials to strengthen bilateral relations.
Tourism officials from Cambodia, Thailand and Vietnam have agreed to build a sea tourism package programme connecting tourism sites in the southern ends of the three countries.
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.
Thai Prime Minister Prayut Chan-ocha and his Cambodian counterpart Hun Sen at a meeting in Bangkok in 2014 (Source: Reuters)
