Cambodia has taken over the running of the country’s Thai-owned air traffic control firm, in a deepening row between the two neighbouring countries. Cambodia also barred all Thai employees from turning up for work and put a Cambodian national in temporary charge.
The move comes a day after a Thai engineer working for the firm in Phnom Penh was formally charged with spying.
It is said he passed on details of last week’s flight to Cambodia by former Thai Prime Minister Thaksin Shinawatra.
Mr Thaksin, who is wanted in Thailand to serve a jail sentence for corruption, spent five days in Cambodia in his new role as an economic adviser.
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
Cambodia’s aid and investment affair with China
China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.
Thailand pushes CLMVT as the “New Value Chain Hub of Asia”
The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand
BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.
ASEAN, China reaffirm commitment to strong partnership
The implementation of the new Plan of Action for the period 2021-2025, which is designed to further strengthen ASEAN-China cooperation...
Thailand sees gradual return of events and festivals
The Tourism Authority of Thailand (TAT) would like to provide an update regarding the gradual return of events and festivals...
Thailand’s Stock Exchange (SET)’s board elects Prasarn Trairatvorakul as new Chairman
The Stock Exchange of Thailand (SET)'s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman...
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai securities flexibly...
Gambling in Asia: Thailand and more
There is a large demand for gambling throughout Asia, which is detailed below in a comparison between various countries, such...
EEC Expects 300-billion-baht Investment This Year
BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC)...
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