Vietnamese still Cambodia’s strongest market
Cambodia’s tourism arrivals jumped more than 24 percent during the first ten months 2012, with more than 2.86 million international visitors. A tourism ministry update reported Vietnam as the country’s number one largest source of foreign visitors, with 638,560 tourists followed by South Korea and China, ...
http://www.etravelblackboardasia.com/article/88009/vietnamese-still-cambodias-strongest-market
NGO pair sought over Korea work scam
Authorities issued an arrest warrant last week for the director of a local NGO involved with an operation that allegedly bilked thousands out of money by claiming the company could find them work in South Korea. Warrants for the arrests of Theun Samnang, head of NGO ...
Sen David
http://www.phnompenhpost.com/national/ngo-pair-sought-over-korea-work-scam
Official Says ‘Strategic Partnership’ With Japan Won’t Irk China
Returning from a state visit to Japan on Tuesday, a member of Prime Minister Hun Sen’s government dismissed the possibility that newly upgraded ties with Japan and Cambodia’s decision to join its Asean neighbors in a “freedom of overflight” pact with Tokyo might strain its ...
Phorn Bopha
http://www.cambodiadaily.com/news/official-says-strategic-partnership-with-japan-wont-irk-china-49410/
Cambodia's foreign trade up 15% amid ongoing political row
Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=213997
About 871,000 Cambodians travel abroad in 2013, up 10 pct
The number of Cambodia’s outbound travelers increased by 10 percent year-on-year to 871,000 last year, a report of the Ministry of Tourism showed Tuesday. Ang Kim Eang, president of Cambodia Association of Travel Agents, which represents about 220 tour and travel companies, said most of Cambodian ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-02/18/c_133124854.htm
Hun Sen demands bus lines
Prime Minister Hun Sen yesterday used the inauguration of the Stung Meanchey overpass to call for the speedy formation of a government bus authority, as the capital eyes two new planned routes and 18 by 2020. During his speech at the site of the approximately $19 ...
Chhay Channyda
http://www.phnompenhpost.com/national/hun-sen-demands-bus-lines
South Korea Denies Asking Gov’t to Stop Strike
The South Korean ambassador to Cambodia, Kim Han-soo, on Monday denied having asked the Labor Ministry to stop a strike at a South Korean-owned garment factory last week, but said the dispute has put a $40 million investment from the parent company on hold. On Sunday, ...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/south-korea-denies-asking-govt-to-stop-strike-60316/
For Royal Group, sale not desired
Executives from Australia and New Zealand Banking Group Limited (ANZ) and local partner Royal Group of Companies (RGC) both went into damage control yesterday after comments by ANZ chief executive officer Mike Smith suggesting the joint Banking venture between the two was on the rocks. Royal ...
Daniel de Carteret
http://www.phnompenhpost.com/business/royal-group-sale-not-desired
The Kingdom’s first IPO
The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...
http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html
Cambodia, Singapore urge peaceful solution to South China Sea dispute
Phnom Penh — Cambodia’s Minister of Foreign Affairs Hor Namhong and his Singapore’s counterpart K Shanmugam agreed on Wednesday that the territorial dispute in the South China Sea between China and some ASEAN countries should be solved peacefully. “We have exchanged ideas on the issue of ...
http://news.xinhuanet.com/english2010/china/2011-10/05/c_131175455.htm
Education overhaul needed to grow economy
Cambodia’s education sector needs a complete overhaul in order to reduce unemployment and successfully diversify the economy beyond garment manufacturing, according to a World Bank report released today. The report’s release came after investors and economists said at a trade and investment conference in Phnom Penh ...
Criminal gang targeting ATMs in Cambodia
A group of highly organized criminals have been installing devices into ATMs around Cambodia capable of copying card details and stealing thousands of dollars of cash from customer bank accounts. Canadia bank and ANZ are among the banks that have been targeted by the gang, who ...
Manulife to launch operations in Kingdom
Canadian firm Manulife Financial plans to set up one of Cambodia’s first life-insurance operations, the company said yesterday. The Ministry of Economy and Finance had approved “in principle” the investment, which a spokesperson from the company said would be at least US$7 million ...
IMF says Cambodian economy to grow 6.5 per cent, but warns of risks
Cambodia’s economy is expected to grow 6.5 per cent in 2012, up from 5.75 per cent last year, the International Monetary Fund said in its annual review, adding that government policies to boost the investment climate were paying off. However, in its assessment, which was released ...
Kingdom set for IT growth over next decade
Cambodia’s information technology sector is looking to leapfrog its current capacities in the next decade as the Kingdom chases other countries in the region, industry experts say. As much as 40 per cent of the country could be online within 10 years, Dell general manager of ...
Railway project suffers a blow
The contractor in charge of rebuilding Cambodia’s national railway has been cutting corners on the health and safety of its workers, according to a report published yesterday by the Asian Development Bank. TSO-AS & Nawarath, a French-Thai joint venture, was reportedly found to have grossly violated ...
http://www.phnompenhpost.com/index.php/2012032355214/Business/railway-project-suffers-a-blow.html
Ministry: SMEs vital to economy, but 95% not registered
Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday. ...
Hin Pisei
https://www.phnompenhpost.com/business/ministry-smes-vital-economy-95-not-registered
New weather stations being built in provinces
In an attempt to deliver more accurate weather reporting in the Kingdom, the Ministry of Water Resources and Meteorology has started building 30 additional weather stations throughout the country, according to officials. ...
San Bunsim
http://www.khmertimeskh.com/news/27278/new-weather-stations-being-built-in-provinces/
$27 mil to help rice sector
In an effort to appease rice farmers and stimulate rice millers to purchase fragrant rice currently being harvested across the country, the government announced that it had found $27 million to pay for emergency measures. The Ministry of Economy and Finance released a statement on Friday ...
Sok Chan
http://www.khmertimeskh.com/news/29875/-27-mil-to-help-rice-sector/
Complaint against sugar company withdrawn
More than 150 residents from Kampong Speu’s Oral district gathered at the Equitable Cambodia (EC) headquarters and the National Assembly on Friday to withdraw their complaints over land against the Phnom Penh Sugar Company, which is owned by magnate Ly Yong Phat. ...
Ven Rathavong
http://www.khmertimeskh.com/news/25516/complaint-against-sugar-company-withdrawn/