News

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. ...

A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said yesterday. ...

The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...

The rollout of the Asean Economic Community (AEC), beginning on December 31st this year, could propel significant growth for American companies in the Asia-Pacific region, according to experts. ...

Delegates from Viet Nam, Cambodia and Laos discussed the ASEAN Economic Community’s effects on transnational natural resources at an annual international conference on cross-border economic co-operation. ...

Thailand has made great strides to adjust its rules and regulations to work seamlessly with the ACMECS member nations and their plan of action, Prime Minister Prayut Chan-o-cha said Tuesday. The success of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) grouping was setting the pace for ...

The stamp and postmark designed by Vietnamese artists will be produced as a joint issue stamp within the Association of Southeast Asian Nations (ASEAN) on Aug. 8, 2015 to celebrate the association’s 48th founding anniversary and the formation of the ASEAN Economic Community by Dec. ...

With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...

The ministers expect ASEAN’s economy to improve in 2015 to 5.1% – above the 3.5% global growth projection – based on the stronger demand in advanced economies, energised by the robust US recovery and several policy stimulus measures in the Eurozone and Japan. ...

The leaders of Japan and five Southeast Asian countries along the Mekong River plan to craft a new strategy in July for Tokyo to contribute to sustainable development of the Mekong region beyond 2015, a senior Japanese official said Thursday. “Taking this opportunity from this ...

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...

Cambodian Prime Minister Hun Sen on Saturday appealed to students to study hard to develop their own abilities to compete in regional job markets as the ASEAN will turn into a community by the end of 2015. ...

The cabinet has approved a plan for a Thai-Cambodia railway bridge to achieve Southern Economic Corridor connectivity. ...

The Thai prime minister would be holding talks with his Cambodian counterpart today to strengthen bilateral relations between both nations in order to be prepared for the ASEAN Economic Community (AEC). ...

Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...

Rights workers fear for the safety of Cambodia’s vulnerable children once Asean joins in an economic community next year. Children could also face more risk from economic pulls, experts warn. That includes families sending their children to work in other countries, where they will be ...

A draft law on animal health and production is expected to be approved by the December 2015 Asean Economic Community (AEC) deadline, government officials say. Soun Sothoeun, deputy director of animal health and production at the Ministry of Agriculture, said on Friday that the new law ...

Cambodia needs increased investments, and for that, deeper regional as well as global integration is crucial, Moody’s Investors Service has said. The B2 sovereign bond rating is constrained by the small size of the economy, low per capita income and high level of dollarization while robust ...

Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...

Thailand’s capital market should aim to be a funding base for Cambodia, Laos and Myanmar to gain the full benefit from high growth in the Greater Mekong Subregion and a more integrated region through the Asean Economic Community (AEC), panellists at a Euromoney Conferences forum ...

Cambodia organized a seminar on Thursday to promote ASEAN awareness to approximately 3,300 students from 26 universities and told them to prepare themselves for an ASEAN community. “There will be both opportunities and challenges for Cambodia when ASEAN becomes a community at the end of ...

Cambodia’s Ministry of Tourism says the country’s tourism sector is growing at an unsustainable rate that will cause a massive shortfall in skilled tourism-related labour. The ministry’s statistics department director, Kong Sopheareak, told local media that as tourist arrivals increase substantially every year, the challenge is ...

Small food and beverage makers are at risk of being uncertified when the ASEAN economic community takes shape in 2015, with the vast majority far from achieving international quality and safety standards, a government official says. Him Phanith, the deputy director of National Productivity Center, said ...

Passports issued to Cambodians will soon be valid for 10 years instead of three, officials at the Ministry of Interior said yesterday. General Mao Chandara, head of the ministry’s General Directorate of Identification, said that by July, the department will begin to issue long-awaited 10-year passports. ...