GI status sought for Battambang oranges
Amid increased demand for oranges grown in Battambang province, the Ministry of Agriculture is seeking to have the fruit’s unique and sought-after flavor recognized under the European Union’s geographical identification (GI) status. Ministry spokesperson Lor Reaksmey explained that the application process, involving ministry officials and international ...
Chea Vannak
http://www.khmertimeskh.com/news/30800/gi-status-sought-for-battambang-oranges/
Vietnam: zero duties for rice, tobacco
Vietnam agreed yesterday to waive all duties on a total of 300,000 tons of rice and 3,000 tons of dried tobacco exported annually from Cambodia to the country, according to a bilateral agreement signed at two back-to-back summits to promote economic cooperation in the Greater ...
Sok Chan
http://www.khmertimeskh.com/news/31305/vietnam--zero-duties-for-rice--tobacco/
Transport ministry creates four departments
Public Works and Transport Minister Sun Chanthol announced the creation of four new departments within his ministry yesterday during a road renovation ceremony in Preah Sihanouk province. Transport Ministry spokesman Va Sim Sorya confirmed the changes to Khmer Times yesterday and said they were done to ...
Ros Chanveasna
http://www.khmertimeskh.com/news/31536/transport-ministry-creates-four-departments/
Investment down by $1B
Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/investment-down-1b
‘We have to keep moving’: Sokha speaks about Kingdom’s recent election – and the next
Opposition leader Kem Sokha said in an interview on Saturday that he believed Prime Minister Hun Sen could be compelled to relinquish power if he loses the July 2018 national election and that his party’s task was now to present itself as a group ready ...
Alex Willemyns and Mech Dara
http://www.phnompenhpost.com/national/we-have-keep-moving-sokha-speaks-about-kingdoms-recent-election-and-next
Risk puts brakes on movable assets
Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...
Hor Kimsay
http://www.phnompenhpost.com/business/risk-puts-brakes-movable-assets
KrisEnergy all set to sign petroleum extraction agreement
The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...
May Kunmakara
http://www.khmertimeskh.com/5077640/krisenergy-set-sign-petroleum-extraction-agreement/
US-funded National Democratic Institute accused of colluding with CNRP
Leaked materials from the United States-funded NGO National Democratic Institute (NDI) have been portrayed on Facebook and in local media as being part of an “ill intended” strategy to help the opposition party win next year’s national election, with government officials yesterday publicly questioning the ...
Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/us-funded-national-democratic-institute-accused-colluding-cnrp
Vietnam to aid border drugs battle
Cambodia and Vietnam vowed to boost cooperation to prevent cross-border drug trafficking during the nations’ annual meeting yesterday. Lieutenant General Mak Chito, deputy National Police commissioner in charge of drug crimes, and Ngo Thai Dung, director of Drug Crime Prevention at the Vietnamese Defence Ministry, met ...
Ven Rathavong
http://www.khmertimeskh.com/5080575/vietnam-aid-border-drugs-battle/
Official exchange rate launched for yuan, riel
The National Bank of Cambodia (NBC) and the People’s Bank of China in the autonomous Guangxi region of southern China have launched an official yuan-riel exchange rate that allows businesses and individuals to conduct trade settlement activities without using the US dollar as an intermediary ...
Hor Kimsay
http://www.phnompenhpost.com/business/official-exchange-rate-launched-yuan-riel
Government plans to slim down Cabinet
Officials holding the position of secretary of state will no longer be members of the Cabinet after July’s general election, it was announced yesterday.Council of Ministers spokesman Phay Siphan said the government will soon amend the law to allow for a reduction in the number ...
Mom Kunthear
http://www.khmertimeskh.com/50101012/japan-donate-140-buses/
China and Mekong states sign 5-year plan for cooperation, but details remain undisclosed
The leaders of Cambodia, Vietnam, Myanmar, Thailand and Laos, along with Chinese Premier Li Keqiang, announced the adoption of a five-year plan for cooperation on matters relating to the Mekong River, though experts and observers yesterday questioned who would benefit from China’s increasing involvement in ...
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/china-and-mekong-states-sign-5-year-plan-cooperation-details-remain-undisclosed
Tea Banh leads war of words
The Defence Minister has threatened to destroy Sam Rainsy’s Cambodia National Rescue Movement if it attempts to cause trouble in the country, while the Cambodian Nationality Party has called on people not to join the “illegal” group. General Tea Banh made the comments at the Defence ...
May Titthara
http://www.khmertimeskh.com/50103931/tea-banh-leads-war-of-words/
Fair facilitates economic ties with Cambodia
A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...
http://vietnamnews.vnagency.com.vn/Economy/230445/fair-facilitates-economic-ties-with-cambodia.html
Key joins Asian free trade talks
Prime Minister John Key has joined a launch of Asian free trade talks – but made it clear he favours a US-backed deal. The East Asian Summit wrapped up in Phnom Penh yesterday with Asian leaders formally announcing a start to negotiations towards a Regional Comprehensive ...
http://www.stuff.co.nz/business/7978019/Key-joins-Asian-free-trade-talks
Cambodia's central bank launches national clearing system
The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...
http://news.xinhuanet.com/english/world/2012-12/12/c_132036029.htm
France set to grant Kingdom $47.7m for infrastructure
The French Development Agency yesterday agreed to grant Cambodia a total of $47.7 million, $8.7 million of which is a loan. The sum is to support the Kingdom’s irrigation infrastructure investment, to improve the country’s access to drinkable water and to fund the fight against emerging ...
Hun Sen shoots down free-visa plan
Prime Minister Hun Sen yesterday shot down calls for a free visa system for all ASEAN + 3 nations. The proposal would have included the ASEAN nations as well as China, Japan and South Korea. Minister of Tourism Thong Khon made the proposal during a Tourism Ministry ...
http://www.phnompenhpost.com/index.php/2012070557223/Business/pm-shoots-down-free-visa-plan.html
Two people killed as mine collapses
Police officials said yesterday two people had died when a Mondulkiri gold mine collapsed on Saturday, but that neither of them worked for the mining company that owns it. Provincial police chief Nhem Vanny said two men aged 25 and 30, had died in a ...
Widening emissions gap too high for climate tackle: report
As nations meet at the 2012 United Nations Climate Change Conference in Doha today, the greenhouse-gas emissions gap is widening, according to a report by the UN Environment Program (UNEP) released last week. Keeping the global average temperature rise below two degrees Celsius requires that action ...