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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, August 20, 2018

#Bangkok - Khaosan vendors to ‘disobey’ orders from Monday


Khaosan Road vendors will resort to “civil disobedience” from Monday if Bangkok authorities do not allow them to sell their wares during daylight hours, a leader of the Khaosan Road Street Vendors Association said.

“We will defy the order and set our stalls up at the usual time,” Yada Pornpetrumpa said. 
The vendors are also planning to march to the capital’s City Hall at around 11.30am on Monday to seek permission to sell their wares during the day.

The Bangkok Metropolitan Administration (BMA) banned street vendors from trading during daytime since August 1. Though the BMA is coming up with a new regulation to allow trading from 4pm to midnight, vendors at present can only conduct their business from 6pm. 

https://12go.asia/?z=581915



 This time limit has meant a huge drop in income for daytime traders, largely because they have to hand their stalls over at 8pm to vendors who sell at night, Yada explained. 


“It’s like we set our stalls up for nothing. Now, we [daytime vendors] make only Bt500 or Bt1,000 daily,” she added. 

According to the 1992 Public Cleanliness and Orderliness Act, vending on the street is illegal. However, since Khaosan Road is known the world over for its vibrant street market, the City Hall decided to draft a municipal order allowing vendors to take over the Khaosan Road footpaths from 4pm to midnight. 

Khaosan vendors, however, said this order would cripple vendors who make a living by selling trinkets to backpackers and Chinese tourists during the daytime. 

Source - TheNation

Monday, May 14, 2018

Indonesia - Kaliurang hotels still open for business amid Mount Merapi eruption


Following the phreatic eruption of Mount Merapi on Friday morning, Yogyakarta has been experiencing falling volcanic ash from the morning until the afternoon. However, hotel operations in Kaliurang have not been affected.

Kalyana Resort Kaliurang manager Yohanes Widi Astono said to KompasTravel, “So far there are no warnings for the guests, as the National Disaster Mitigation Agency (BNPB) has not upgraded Mt. Merapi’s status.”

According to Yohanes, closure instructions have only been announced for tourist attractions around Mt. Merapi. Kalyana Resorts, located 7 kilometers from Merapi, is operating as per usual. 

“We experienced falling volcanic ash, but now it’s being cleaned up,” Yohanes said. 
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https://12go.asia/?z=581915
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 However, he admits that several guests have canceled their bookings for the following couple of days. 

Similar to Kalyana Resort, @K Hotel in Kaliurang, Yogyakarta, is also remaining open. 

“@K Hotel is not affected by the Merapi eruption. We only experienced volcanic ash.” said @K Hotel Kaliurang assistant sales manager Sasha. The hotel, which is located only 8 km from Mt. Merapi, is still accepting guests, with several even prolonging their stay. 

Both Yohanes and Sasha said every hotel within the Kaliurang area already had disaster mitigation protocols prepared, including guest evacuation and hotel security. Currently, the hotels are waiting for official information from the government about Mt. Merapi’s status. The protocols have been in place at the hotels in Kaliurang since the volcano erupted in 2010.
 
Source - TheJakartaPost 



Mount Merapi National Park (TNGM) has closed all access routes to the mountain following the volcanic eruption on Friday morning at 7:32 a.m.
“All access ways to the tourist attractions, including hiking trails, are closed,”  
Mount Merapi National Park head Ammy Nurwati told KompasTravel on Friday morning.
Ammy noted that the national park management would keep an eye on tourists and mountaineers using the park’s facilities, as well as clear the summit area of hikers, “We are monitoring tourists [in the] inner part of the TNGM. The lava tour outside is also under our observation.”

Hiking on Mount Merapi is banned until further notice following the phreatic eruption.
 

Thursday, November 9, 2017

Hong Kong named world's most-visited city once again

Although its top position was nearly usurped by Bangkok, Hong Kong remained on top, but it still has to face the growing number of tourists in the Thai capital and London, the United Kingdom. 
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When people think about Hong Kong, they probably think of high-class shopping and spectacular cityscapes that can be viewed from high-up gondolas. It's not surprising then that the city is the most-visited city on earth.

According to South China Morning Post, Euromonitor International’s latest Top 100 City Destinations Ranking has put Hong Kong at the top of the list for the eighth time in a row.

Although its position was nearly usurped by Bangkok, Hong Kong remained on top, but in the years to come, it still has to compete with the growing number of tourists in the Thai capital and London in the United Kingdom.  

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But even as Hong Kong’s relations with China worsen, which caused a slight decline in 2017, there is still tourist growth expected in the coming years for Hong Kong.

As reported by CNN, below are the top 10 most-visited cities (number in 2016/expected number in 2017):

1. Hong Kong: 26.55 million/25.7 million
2. Bangkok: 21.25 million/23.27 million
3. London: 19.19 million/19.8 million
4. Singapore: 16.6 million/17.6 million
5. Macau: 15.39 million/16.3 million
6. Dubai: 14.9 million/16.57 million
7. Paris: 14.39 million/14.26 million
8. New York City: 12.65 million/13.1 million
9. Shenzhen, China: 12.57 million/12.96 million
10. Kuala Lumpur: 12.29 million/12.8 million

Source - TheJakartaPost
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Tuesday, July 25, 2017

What is wrong in Thailand ?

In Holland we say

A man, a man - an word an word (Same a Rock)

(Een man, een man - een woord, een woord)


In Thailand is an word same a balloon.

The break their word in a minute.

An appointment has not any value, the come always to late (or not)

Same as a contract and a relation. 

 

The change from relation quicker than from their own car.

 

Difficult to live with, when you are always straight.

Thursday, May 18, 2017

#Myanmar, (Burma) Golf tourism needs long drive out of bunkers.

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Myanmar is far from a golf tourist destination despite having many courses in different cities, said U Phyo Wai Yar Zar, vice chair of Myanmar Tourism Federation.

Speaking to The Myanmar Times, he said that golf tourism has a potential niche market but the local courses are not up to the expectations of international golfers.

“We have to try hard if we want to make Myanmar a golfing destination. We can count the number of courses that are of international standard. But that number cannot be compared with other regional countries which have already developed the game and facilities,” U Phyo Wai Yar Zar said.

There are no more than 10 tour agencies offering packages, including golfing.
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In Vietnam, there are 32 international courses. Myanmar has about 60 courses in the whole country.

Daw Su Su Tin, vice chair of Myanmar Tourism Marketing Committee, said, “Some tourists have tried golf courses in neighboring countries. A few tours operators are offering a golf program in their itinerary but we cannot promote golfing tourism too much.”

“Myanmar has fine weather, not as expensive as other countries and has a huge potential for golf tourism development,” she said.

U Phyo Wai Yar Zar added, “People know Myanmar as a cultural tourism centre. Perhaps now is the time to promote traditional sport related tourism like chinlone (caneball) and other Myanmar sporting events.”
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“Chinlone as a sporting event cannot be found in other countries. Relevant government departments should make it popular as a tourism product,” he said.

“Also, the golfing market is for high-end tourists who are mostly big spenders. Other facilities such as high-end restaurants and amenities need to be developed,” he said.

Currently, there are no more than six or seven international fine dining restaurants in Yangon.
U Phyo Wai Yar Zar said, “We should first get the primary requirements done up and then continue with other things,” he said.


“As I know, there’s no website, specific market figures on golfing for tourists. Concerned authorities need to build up the human capital first and the required infrastructure before promoting golf as a product,” he said.

“We have no information yet about the various courses and it is hard to find out who are those interested in golfing in Myanmar. Golfing is the best way to attract visitors as part of tourism,” U Phyo Wai Yar Zar said.
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Source - mmtimes
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Monday, May 1, 2017

Staffing Request

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A big business development group offer me to set-up in Bangkok a (international) Staffing Network.
Yes, a great challenge and opportunity.
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But this is very difficult in Bangkok / Thailand
The most to employ people can not write their own name in a common language.
The education level in Thailand is very low, the most to prefer playing games and be lazy.

I ask before started, to search first in the surrounding countries, like Myanmar / Cambodia / Vietnam. These countries speak and write better in a common language. 

But the want started from Bangkok. 

I must good thinking before I take the challenge.


Sunday, April 30, 2017

Bali regency of Klungkung launches app for #tourists

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To commemorate the 109th anniversary of Puputan Klungkung, Klungkung regency in Bali has launched a smartphone app for tourists.
The Android-based app, called Klungkung Tourism, features information on tourist destinations, accommodation, places to eat and public services that may help tourists during their trip.
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 On the homepage of the app, users find some listicles on places to go, as well as category options like Beach & Nature, Art & Culture, Temple, Museum and Event & Festival; each accompanied by photos and details about the place and GPS navigation. “Tourists can comment on and give likes to destinations featured on the app, which we will evaluate later,” said Klungkung Regent I Nyoman Suwirta.
The app also acts as a platform for locals to market their businesses, “The local people can use it to promote their businesses, whether they are related to the tourism industry or micro, small and medium enterprises located in Klungkung,” added Suwirta.
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Source - TheJakartapost
 

Friday, April 7, 2017

Cambodia - Uber gears up to enter market

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Representatives from global ride-hailing behemoth Uber confirmed the company’s interest in starting operations in Cambodia during a meeting this week with Transportation Minister Sun Chanthol, according to one of the minister’s aides.
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Ken Ratha, deputy director of cabinet of the Ministry of Public Works and Transportation (MPWT), told The Post yesterday that Uber executives visited the ministry on Tuesday to explain their business model to the minister and Phnom Penh municipal officials.
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“They are interested in our market so they came to seek the minister’s support by explaining Uber’s business model to him,” he said. “The minister showed his strong support for the company’s project and encouraged more discussions to elaborate on its operating plan.”
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Ratha confirmed that no agreement has been signed yet between the government and Uber, and that discussions are still at an early stage. He added that officials are now giving thought on how to regulate the ride-sharing model in Cambodia.
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“Uber’s business model is new so the minister and relevant stakeholders are currently thinking about which laws and regulations would apply to the company as well as how to best help their activity in Cambodia,” he said. 
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“There are no details right now on how Uber’s entrance to the market will affect the current taxi and transport industries. But so far those involved in the discussion have shown their interest to implement this smart business concept, with the hope that it will help to reduce traffic congestion and accidents.”
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Uber representatives did not respond to press inquiries yesterday, though have previously confirmed to The Post that the company is actively exploring the possibility of entering the Cambodian market.
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US-based Uber operates ride-hailing services in over 570 cities worldwide, pairing passengers and drivers using the company’s smartphone app. The company has faced regulatory hurdles in many markets, including Thailand, where the company’s services were banned and drivers are liable to be fined.
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In some markets it has also faced a backlash from metered taxi drivers, who accuse it of unfairly stealing their business.
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Sambath Sothea, director of local taxi operator Taxi Rouge, which operates a fleet of 110 taxis, said Uber’s entrance into the Cambodian market could ratchet up the level of competition in the sector. 
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However, he said he welcomed new market entrants and the increased competition, though he held some concerns that Uber’s as-yet unregulated ride-hailing model could lead to unfair competition due to its lower operational costs. 
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“We are a fully regulated operator and we will welcome any newcomers who are also fully compliant with regulation,” he said. 
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“We urge the authorities to maintain solid control over who can enter the market and make sure that Uber fully complies with the law in order to create fair competition. In that scenario we would be happy to welcome them in the country.”
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Sothea also took aim at the capital’s existing taxi companies, pointing out that many operate without licences and do not pay taxes, unfairly lowering their operation costs compared to legitimate operators. He added that unlicensed companies sometimes engage in price-gouging practices to gain a greater market share, creating a negative image that affects the entire industry.
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Uber’s absence from Cambodia has created room for home-grown ride-hailing services to blossom. The largest of these, Exnet Taxi, has enjoyed strong growth since its launch in June. Within two months, the company reported it had registered 60 freelance drivers to the application. That number has now grown to 600 drivers who undertake around 2,000 rides a month, according to Hor Daluch, the company’s owner.
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“Now it is much more convenient to use the app than before because the passengers can get a ride in around five minutes, while before it took a lot more time due to the lower number of drivers,” he said.
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Daluch said he was not concerned with Uber’s potential entrance in Cambodia, suggesting the company might end up judging Phnom Penh to be too small of a market for its business.
“Because Uber is a big company, maybe the demand in Phnom Penh might not be enough for them here compared to other cities in Vietnam or Thailand,” he said.
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Wednesday, April 5, 2017

AirAsia sets up low-cost airline in Vietnam

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Malaysian budget airline AirAsia Berhad plans to start a low-cost carrier in Vietnam in a joint venture with local businesses to tap the country’s booming travel market, company representatives told Viet Nam News in Hanoi.

AirAsia signed a shareholders’ agreement with Vietnam’s Gumin Co Limited, Hải Âu Aviation Joint Stock Company and Trần Trọng Kiên, the owner of these two companies, to form the joint venture last Friday, which was announced by the airline to Malaysia’s stock exchange. 
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The carrier, expected to start flying at the beginning of 2018, will need an investment of 1 trillion dong (US$44 million), with AirAsia holding 30 per cent and Gumin 70 per cent.
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Vietnam is the latest country to lure Malaysian billionaire Tony Fernandes, the head of AirAsia, who is aspiring to build a low-cost airline network covering Asia, as the 28-per-cent growth in Vietnam’s aviation market is three times the rate in other Southeast Asian countries.
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Vietnam is also the fifth biggest aviation market in the region, after Indonesia, Thailand, Malaysia and Singapore, with a passenger volume that has doubled since 2013 thanks to a growing middle class population that accounted for 25 per cent of the total population by 2010.
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In recent years, AirAsia has established affiliates in Indonesia, Thailand, India and Japan. The airline is betting on low-cost airline models for international travel through its AirAsia X subsidiary. Fernandes has also ordered hundreds of Airbus aircraft worth billions of dollars to meet his ambitious growth plans, and he is in the process of selling a subsidiary specialising in leasing aircrafts to raise cash.
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However, Brendan Sobie, an analyst at CAPA Centre for Aviation, told Bloomberg that AirAsia would face huge challenges, because it was late in entering the Vietnamese market. “The market is currently well served by two carriers, VietJet Air and Jetstar Pacific. The growth rate will slow down in the coming years, as the low-cost market is now more mature.”
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The value of Vietjet Aviation Joint Stock Company shares has grown 52 per cent since its listing on HCM Stock Exchange in February 28.
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According to a report released by ACB Securities in December last year, passenger traffic in Vietnam will continue to grow at double-digit rates over the next decade, after an annual growth of 17 per cent in the last decade.
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Source - TheNation
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Tuesday, March 28, 2017

Cambodia - Push to reduce chemical dependency

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The Ministry of Agriculture is working to develop a procedural framework for the trade and use of biological control agents (BCAs) in agriculture in an effort to improve crop yields, protect consumer health and ensure continued access to key export markets. Regulation could also create opportunities for the import or local production of BCA products a possibility that has piqued the interest of foreign firms.
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Speaking yesterday at a consultative meeting on regulations and national registration of biological control agents, Sam Chhom Sangha, deputy secretary-general of the Ministry of Agriculture, said the use of BCAs could provide “holistic” support to Cambodia’s struggling agriculture sector, which he claimed had been damaged by the overuse of chemical agents.
“We need to find ways to boost agricultural productivity, encourage crop resilience and diversification and improve commercialisation,” he said.
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“Our fields are under-producing and this is because the soil has been damaged by years of reckless use of chemicals.” 
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Biological control agents are an integral part of pest management programs that use natural mechanisms such as bacteria, fungi, viruses, algae or natural insect predators to protect crops from devastating plant diseases and insect infestations. While already in limited use in Cambodia, a regulatory framework on the trade and use of BCAs would facilitate the import of these products and provide solid footing for local production.
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“BCAs can improve our yields once we finalise and implement their regulation, allowing our farmers to be less dependent on chemical pesticides,” explained Sangha.The Ministry of Agriculture is working with regional experts to draft a national regulatory framework on biological control agents based on ASEAN guidelines.
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Sangha said the government must speed up its adoption of regulations or risk challenges to its agricultural exports as countries tighten restrictions on the import of contaminated products.
In one recent example, the European Commission has given Cambodian producers of white rice until June and fragrant rice until December to eliminate the use of the fungicide Tricyclazole. Failure to comply could block rice export shipments to the European Union, the Kingdom’s largest market for milled rice.
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Thomas Jaekel, a regional GIZ expert, said BCAs offers farmers an “economically and environmentally viable” way to increase yields by building crop resilience and improving soil quality. However, convincing Cambodian farmers to cut back on their chemical fertilisers and pesticides can be a challenge.
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“BCAs are used to complement, not eradicate, the use of chemicals, but the problem is that Cambodian farmers and distributors of chemicals are convinced that the more you spray your crops the better they will be,” he said.
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Jaekel noted that when Indonesia adopted ASEAN regulations in 2014 and set up the procedures for properly registering products, there was a massive uptake in applications for BCA products.
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“A week after the BCA regulation was approved in Indonesia, they had already over 10 applications from foreign and local firms trying to register their products,” he said.According to GIZ data, the Indonesian government receives almost 200 applications annually.
Sarah Anderson, a Singapore-based research and development project manager for German industrial giant BASF, said that despite BCAs having a limited market in ASEAN, there was plenty of room to grow. She said BASF, which has an entire arm dedicated to research and development of BCA products, would consider exporting to Cambodia if clear regulations were put in place.
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“The problem is that there is still a gap between government intentions and those of the traditional chemical distributors,” she said. “Easily 5 percent of the pesticide market in Cambodia could be replaced by bio-pesticides.” 
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However, she said the use of the products hinged on the government cutting red tape. “If the regulations are too strict or large companies see that costs are too high, they won’t enter the market,” she said.
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Ieng Sotheara, founder of Entree Baitang Co Ltd, said local demand for BCAs was growing. His company has been distributing Trichoderma – a naturally occurring fungicide that also protects plants against pests and toxins for the last two harvest cycles. 
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Last year, the company sold 100 tonnes of compost impregnated with Trichoderma. This year it has orders for 500 tonnes.
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Sotheara said he sells the locally-produced Trichoderma at $12 per kilo, or $400 per tonne when mixed with compost.
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“Some of the rice farmers say that it has increased their yields by 20 percent,” he said.
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Source - PhnomPenhPost

Sunday, March 19, 2017

Vietnam - Gov’t set to relax farmland ceiling

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Viet Nam News MEKONG DELTA — The Government is considering relaxing limits on individual farmland holdings, a move largely welcomed by experts despite misgivings about some negative social impacts. 
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Allowing larger land holdings will greatly facilitate modernisation of the country’s agriculture sector, many experts say.
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Currently, the allocation quota of farmland for annual crops for each household or individual must not exceed 2-3 hectares. Many people have been arguing for sometime that this limit runs counter to the needs of co-operatives and businesses engaging in industrialised, large-scale agricultural production.
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The national average land allocation for each household is extremely small at around 0.5-0.7ha. The Ministry of Agriculture and Rural Development (MARD) reckons that in order to overcome poverty, on average, each rice cultivating household must own at least 2ha.
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In a recent resolution, the government tasked the MARD, the Ministry of Natural Resource and Environment, and the Ministry of Justice, to prepare amendments to the existing Law on Land by the end of this year, with the focus on rectifying farmland quotas.
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Vũ Trọng Khải, former rector of the School for Training Rural and Agriculture Development Management Experts, said the government should have done this long ago.
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“The existing allocation quota that has been in place for years has actually hindered agricultural production,” he said.
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Khải pointed out the fact that the Law on Land also contains contradictory clauses, in that it stipulates a ceiling on how much land a farmer can own, but imposes no such limit on businesses.
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“That’s why some people still can work around this limit. Sáu Đức, a farmer I know in An Giang Province, had accumulated some 70 hectares of farmland years ago, despite the restriction. However, the ‘excessive’ land parcels are all registered under his relatives’ names. When he was able to open a company, he used the company’s legal entity to gather back all the parcels, and now he owns some 150 hectares,” Khải said
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Saturday, March 11, 2017

Cambodia - BigPhone dials into local market

A man browses Facebook on his smartphone in Phnom Penh.
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 Mobile World Investment Corp (MWG) – one of the largest mobile phone and electronic products distribution chains in Vietnam – will open its first store in Cambodia, operating under the name BigPhone.com, according to Vietnamese state media.
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Construction on the first 150- to 200-square-metre store in Phnom Penh is nearly completed and the branch is expected to open this quarter, Vietnam News Agency reported on Wednesday.
The English-language news outlet quoted MWG director-general Tran Kinh Doanh as saying Cambodia was the first market for the company’s regional expansion, which will also see stores opened in Myanmar and Laos.
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“Cambodia was chosen to be the first country for the group to approach in Indochina,” he said.
Established in Ho Chi Minh City in 2014, MWG is a fast-growing retail chain for mobile phones and digital devices, including mobile phones, tablets and accessories. It operates a network of stores as well as an online channel.
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MWG (Cambodia) Co Ltd registered with Cambodia’s Ministry of Commerce last October. The company’s Vietnamese directors could not be reached for comment yesterday.
A study on cellphone and internet use in Cambodia published last year by the Asia Foundation revealed that the Kingdom’s market was already heavily saturated. Over 94 percent of Cambodians claimed to own their own phone handset, with nearly 40 percent of those surveyed claiming to have at least one smartphone.
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Bung Hor, CEO of T-Shop, a Phnom-Penh based electronics products distributor with eight branches, said yesterday that demand for mobile phones and accessories had grown significantly with deepening smartphone penetration. 

He said the rising demand had driven his company’s expansion, and he was confident there was still room in the market for new retailers of mobile phones and their accessories.
“There are more and more competitors while the demand is also higher,” he said.
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Source - PhnomPenhPost

Thursday, August 4, 2016

Coffee Cup Size - Bangkok

lets you pick your cup from menu on models’ breasts

 A new coffee shop has become a hot topic of discussion online after photos of a male customer picking his coffee from a menu on a model’s chest circulated online.
But can you actually touch the pretties? Nope, you can only point (and obviously take a photo of yourself pointing at them and Instagram it).
“No, customers aren’t allowed to feel the models. They can only point [at the menu],”
The shop owner said the models will stand by for a few days, but if his business can still afford having models in the cafe, he’d like to continue hiring them to entertain customers.
The baristas and waiters also wear T-shirts with the menu printed on them. But he said that the oh-so-tight tank tops are just for the pretties.
While some people say the women in tank tops are sexist, the shop owner said that a pretty in a tank top is nothing compared to what goes on at the Motor Show.
"It's their opinion. I'm happy that people are paying attention to the cafe. It just means my marketing plan is successful."
Surprisingly, he said most of his customers are normal office people and university students who need their morning coffee.
Source: Coconuts.co

 

Wednesday, July 27, 2016

The biggest award for world's biggest asshole.


This asshole thinks he is god.

The block you for 30 days without any reason.

There is in his corrupt program not any good feedback system.

When your fakebook is linked to all other social media, than you can not do any business, but the not care. 

The work with filters and in Thailand of-course with brainless Thai staff.

 

 

Monday, May 23, 2016

Cross-border route to link India, Myanmar, Thailand


1,400 km highway and other transport ties are major part of 'act east'policy, Indian ambassador says; world war ll bridges being repaired.

INDIA, Thailand and Myanmar are negotiating a breakthrough 1,400-kilometre highway that will link India with Southeast Asia by land for the first time in decades.

In an interview with The Nation, Indian Ambassador Bhagwant Singh Bishnoi said 73 bridges in Myanmar built during World War II more than seven decades ago are being renovated with funding from the Indian government to allow vehicles to cross the highway safely.

When the repair work is completed in 18 months, the highway could be opened to traffic from all three countries.

The planned highway, which starts in the eastern region of India from Moreh city to Myanmar's Tamu city, has received a positive response from Myanmar's new government following the recent general election.
At this stage, negotiations are underway to conclude a tri-nation motor vehicle agreement for the use of the 1,400km road that will reach Thailand at Tak's Mae Sot district.
 This will lead to land transport connectivity between South Asia and Southeast Asia and increased trade and investment among all partner countries with cargo transportation being the first priority.

However, there are still some security challenges for a section inside Myanmar, which will have to be resolved with the authorities.

The tri-nation highway exemplifies India's "Act East" policy, under which the Asian giant aims to boost its economic and other relations neighbouring countries in the East.

Myanmar's Dawei deep-sea port and industrial estate project near the Thai border is also expected to help further integrate eastern India with Asean.

The planned port can be linked up with India's Chennai port as well as Thailand's Laem Chabang Port on the other side of the ocean.

Under the "Act East" policy, India is also preparing to negotiate a Regional Comprehensive Economic Partnership (RCEP) which includes the 10-country Asean grouping on top of the current India-Asean free-trade agreement (FTA).

Some Asean countries such as Vietnam, Singapore and Malaysia have become members of the US-led Trans-Pacific Partnership (TPP) FTA, so Asean is upgrading its FTAs with major trading partners such as India and China to formulate RCEP agreements, which are more advanced.

India views Asean as a central component of its "Act East" policy. Myanmar shares a border with India, while Thailand is a maritime neighbour with long-standing cultural and other ties, so both nations are India's gateway to Asean.

Thai-Indian trade amounted to US$8 billion (Bt285.5 billion) last year, while 1 million Indian tourists visited Thailand last year. There were also about 300 Indian weddings held here.

Among major Thai investors in India are CP Group, Delta Electronics, Ital-Thai and Pruksa Real Estate, while the major Indian firms operating in Thailand are Tata Group, Aditya Birla and Indorama.

India continues to rack up high economic growth of 7 per cent per year amid the global slowdown, he added.

 India’s recent pact with Bhutan, Bangladesh and Nepal to facilitate free vehicular movement coupled with the India-Myanmar-Thailand trilateral highway could potentially increase intraregional trade by almost 60% as well as extract maximum strategic mileage.

A strategic pact signed by India to facilitate free vehicular movement with Bhutan, Bangladesh and Nepal; alongside a proposal to step-up work on operationalising a 3200-km road link from Moreh (India) to Mae Sot (Thailand), are two vital components of the NDA government’s reinforced ‘Act East’ policy.
India’s recent pact with Bhutan, Bangladesh and Nepal to facilitate free vehicular movement coupled with the India-Myanmar-Thailand trilateral highway could potentially increase intraregional trade by almost 60% as well as extract maximum strategic mileage.
A strategic pact signed by India to facilitate free vehicular movement with Bhutan, Bangladesh and Nepal; alongside a proposal to step-up work on operationalising a 3200-km road link from Moreh (India) to Mae Sot (Thailand), are two vital components of the NDA government’s reinforced ‘Act East’ policy.
- See more at: http://indianexpress.com/article/india/india-others/sub-regional-road-connectivity-pacts-from-looking-east-to-linking-east/#sthash.E0idX9lr.dpuf
India’s recent pact with Bhutan, Bangladesh and Nepal to facilitate free vehicular movement coupled with the India-Myanmar-Thailand trilateral highway could potentially increase intraregional trade by almost 60% as well as extract maximum strategic mileage.
A strategic pact signed by India to facilitate free vehicular movement with Bhutan, Bangladesh and Nepal; alongside a proposal to step-up work on operationalising a 3200-km road link from Moreh (India) to Mae Sot (Thailand), are two vital components of the NDA government’s reinforced ‘Act East’ policy.
- See more at: http://indianexpress.com/article/india/india-others/sub-regional-road-connectivity-pacts-from-looking-east-to-linking-east/#sthash.E0idX9lr.dpuf
*****
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Thursday, February 11, 2016

Thai police have broken up a major fake passport ring

Some of the counterfeit passports.

 Cops smash fake passport ring headed by Iranian master forger.

 Thai police have broken up a major fake passport ring led by an Iranian known as "The Doctor" which sent thousands of passports to Middle Eastern customers trying to enter Europe, officers said today.

The kingdom has long been a hub for a forged document industry serving human traffickers and other criminals.

Five years of investigation culminated in Monday's arrest of the alleged Iranian mastermind Hamid Reza Jafary, police said.

The 48-year-old had for many years been crafting sophisticated forgeries from his home in Chachoengsao province east of Bangkok, they said.

"He (Jafary) produced passports for people from countries including Iran, Syria and Afghanistan who were escaping wars and wanted to enter Europe," said immigration police commander Lieutenant General Nathathorn Prousoontorn.

Clients emailed "The Doctor" their photos and specified the country for which they wanted a passport, the commander said, adding he guaranteed customers they would not be detected by border officials.

The forged documents were then sent via private courier companies.
It was not immediately clear if "The Doctor" provided passports to people fleeing to Europe during the current migrant crisis.

"He himself used six different passports — three from Brazil, and one from each of Peru, Portugal and New Zealand. He was wanted by security agencies in many countries, especially the EU and Japan," Nathathorn added.

Jafary's fake passports were the "best quality in the market", an immigration officer who asked not to be named told AFP.

But he could not fake the latest microchipped travel documents, police added.

Five Pakistani middlemen were also arrested in raids in and around Bangkok for assisting the forgery ring, which allegedly shipped passports to overseas clients for up to THB 80,000.
Some of the nearly 200 travel documents found in a Monday raid on Jafary's home were completely forged, while others had been stolen from tourists and doctored, police said.

The raid also uncovered a laser engraving machine, rolls of thin leather for passport covers and metal stamps from various countries.

Thousands of passports are reported missing annually in Thailand, where forged documents of every variety can be purchased on the streets.

The flourishing market has helped establish Thailand as a hub for human traffickers and smugglers.
Two Uighur men awaiting trial for planting a deadly bomb in Bangkok last August have also been accused by police of running a crime group that helped illegal migrants obtain counterfeit documents.
The pair are currently being held in a military prison.

In 2014 the spotlight also swung onto the Thai-based trade when two mystery passengers boarded the doomed Malaysia Airlines flight MH370 using European passports stolen in Thailand.

In 2010 Thai authorities took part in an international police sting that saw two Pakistanis and a Thai woman arrested in Thailand for providing fake passports to groups behind global terror attacks.

Story: AFP

Source: Coconuts 

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Tuesday, December 1, 2015

IMF approves China's yuan as elite reserve currency

Chinese Yuan

The International Monetary Fund welcomed China's yuan into its elite reserve currency basket Monday, recognizing the ascendance of the Asian power in the global economy.

 The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international reserve asset.

IMF Managing Director Christine Lagarde called the decision "an important milestone in the integration of the Chinese economy into the global financial system."

"It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems," she added.

The decision by the IMF executive board solidifies China’s ambition to see the government-controlled yuan achieve global status as one of the world’s top currencies alongside the United States, Europe and Japan.

China, the world’s second-largest economy, asked last year for the yuan to be added to the Fund’s Special Drawing Rights basket.

But, while already meeting the SDR criteria for being widely used, as recently as August the Fund considered the currency too tightly controlled to qualify.

However, IMF staff experts in early November said that Beijing had taken the steps necessary for the yuan to be called "freely usable", opening the way for Monday’s decision.
 Lagarde said the yuan’s inclusion in the basket was expected to help China open up further to the world economy.

"The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy," she said.

The unexpected devaluation of the yuan last August received good marks from the IMF as it expanded the currency’s movements based on market forces.

In addition, Beijing announced last week that an initial group of foreign central banks has been allowed to enter the Chinese currency market, which likely will promote further internationalization of the yuan in global trading.

IMF members can use the Special Drawing Rights basket to obtain currencies to meet balance-of-payments needs. The Fund also issues its crisis loans -- crucial to struggling economies like Greece -- valued in SDRs.

The yuan’s entry into the basket takes effect on October 1, 2016.

- Chinese challenges -

======================

China’s central bank welcomed the decision.

"The joining of RMB in the SDR basket also means the international community has greater expectations on China to play an active role in the world economic and financial arena," it said in a statement carried by the official Xinhua news agency.

It puts the Bank of China under pressure to provide more transparency in line with its peers, such as the Federal Reserve and the European Central Bank.

"If part of their policy is to gradually liberalize the capital account and the financial sector, this is setting in motion a process of opening up that cannot be reversed," Angel Udibe, a financial markets expert at the Peterson Institute for International Economics, told AFP.

"It really make the case at home that they need to continue with the process of liberalization."

The composition and weightings of the SDRs basket are reviewed every five years. The last time the currencies in the basket were changed was in 2000, when the euro replaced the German deutsche mark and the French franc.

The value of the SDR is based on a weighted average of the currencies in the basket. With the inclusion of the yuan, the dollar’s weight in the new basket will be little changed from its current 41.7 percent. The euro will be 30.9 percent, the yuan 10.9 percent, the yen 8.3 percent, and the pound 8.1 percent.

The inclusion of the yuan came with the support of the United States, the IMF’s largest shareholder.

Until recently Washington accused China of keeping the yuan artificially low to gain a trade advantage. But in October the US Treasury Department softened its tone, saying that after Beijing’s moves to loosen controls, the yuan "remains below its appropriate medium-term valuation."

Still, the IMF decision risks angering some lawmakers in the US Congress amid fierce maneuvering for the 2016 presidential election.

"With this decision, the IMF is choosing to reward China’s currency manipulation instead of combating it," said Senator Chuck Schumer, a New York Democrat and longtime China critic.

"This decision is an affront to the millions of US workers who have lost their jobs at the hands of China’s rapacious trading practices, and sends a terrible signal to the rest of the world that currency manipulation is acceptable behavior in the eyes of the IMF."
Source: The Nation

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