Forum breaks ice, yet more time needed
Long-time foreign members of the Cambodian business community said the US-ASEAN Business Forum, held on Friday in Siem Reap, was largely successful in setting the country in the sights of America businesses, but multinational corporations will need more time in the Kingdom before nailing down
Group discovers illegal logging
An expedition to expose illegal logging uncovered about 50 hectares of clear-felled forest yesterday that activists from the Prey Lang Community Network have filmed and photographed to lobby government officials, a group representative said.
Chum Yin said more than 60 villagers had traveled to seven villages
Development Bank Revises Growth Outlook
A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent.
The ADB’s estimation was edged down just 0.1 percent from its last forecast made
Growth in Cambodian service sector, says ADB
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB).
The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent
ASEAN+3 leaders meet in Cambodia to chart future cooperation
The ASEAN+3 (China, Japan and South Korea) Summit was held here on Monday to discuss measures and actions to further enhance cooperation in the future.
The Summit was made between the leaders of the ten-country ASEAN led by Cambodian Prime Minister Hun Sen and the leaders
http://news.xinhuanet.com/english/china/2012-11/19/c_131984651.htm
US Ambassador Seeks to Clarify Need for Debt Repayment
The U.S. ambassador to Cambodia has sought to clear up supposed misinformation about Cambodia’s debt to the U.S., which was racked up during the early 1970s by the U.S.-backed military government of Lon Nol and has become a contentious issue between the country.
Cambodia has refused
Cambodia launches project to develop biomass-fuelled energy technologies
Cambodia’s Ministry of Industry, Mines and Energy on Thursday launched a four year project, aiming at promoting the development of biomass-fueled renewable energy generation technologies in industrial sector, officials said.
The 5.6 million US dollar project will provide technical and partial financial support for the
Vendors Protest Over Worthless Mfone Cards
More than 100 mobile phone vendors protested yesterday outside the Phnom Penh headquarters of bankrupt mobile operator Mfone over their stocks of phone credit recharge cards that are now worthless, as the defunct company has transferred its subscribers to MobiTel, which does not recognize the
NGOs query Lao’s telco promotion
Four NGOs asked the government yesterday to explain the decision to promote Lao Saroeun to an undersecretary of state position in the Ministry of Posts and Telecommunications, even though he has not been cleared of alleged corruption.
“In proper practice, people under investigation for alleged corruption
http://www.phnompenhpost.com/2013032062034/Business/ngos-query-lao-s-telco-promotion.html
VN insurer to pour $5 mln in Laos, Cambodia
The Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) has announced it will pour nearly 5 million USD into its subsidiary companies in Laos and Cambodia.
BIC will also buy back the 65 percent stake of the Cambodian Investment and Development
Cambodia: Visits on the rise
Cambodia is rapidly attracting more and more visitors from tourists to businessmen.
Visits are continuing to climb as January figures show a 15.4 percent increase, Cambodia’s statistics and tourist Information Department reported.
So far,the country has welcomed 404,106 visitors compared to 350,257 during the same
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MmQ1MmMyNTUzMjJ
Cambodia, Laos, Vietnam parliamentarians meet in Cambodia to boost Development Triangle Area
Parliamentarians of Cambodia, Laos and Vietnam gathered in Cambodia’s northeastern Mondulkiri province on Wednesday to discuss the parliaments’ role in supporting the three countries’ Development Triangle Area, according to a media release from Cambodian National Assembly.
Speaking at the opening of the two-day meeting, the
http://news.xinhuanet.com/english/world/2013-04/24/c_132336947.htm
Phnom Penh Port Trade Volume Increases by 29%
The number of shipping containers that passed through the Phnom Penh Autonomous Port increased by 29 percent during the first six months of the year compared to the same period in 2012, according to figures released yesterday.
The port received 50,157 standard containers between January and
Documentary Looks at Impact of Mekong Dams
An updated documentary, “Where Have All the Fish Gone?,” examines the impacts of hydroelectric dams on the Mekong River.
The Xayaburi dam, which would produce hydropower for market, has become a divisive issue among Mekong River countries. Critics say it could severely damage ecosystems on which
http://www.voacambodia.com/content/documentary-looks-at-impact-of-mekong-dams/1626779.html
Local palm oil exporter targets EU
Mong Reththy Group (MRG), Cambodia’s largest exporter of palm oil, hopes to expand its exports to European markets this year.
Mong Reththy, president of the firm, said the quota-free and duty-free trade frameworks provided by European governments factored heavily into the decision.
“About 50 per cent of
http://www.phnompenhpost.com/2013040964951/Business/local-palm-oil-exporter-targets-eu.html
China pledges $548 million in aid to ally Cambodia
China has pledged another $548 million in aid to Cambodia for infrastructure and irrigation systems, extending assistance that some critics say has bought it Cambodia’s diplomatic support.
Agreements covering $500 million in soft loans and $48 million in grants were signed when Prime Minister Hun
http://www.reuters.com/article/2013/04/10/us-cambodia-china-idUSBRE93909D20130410
Rubber draft law addresses regulatory holes
The government is drafting a rubber law to regulate the sector in response to the rapid growth of rubber plantations across the country, an official said.
Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, said officials
http://www.phnompenhpost.com/2013042665257/Business/rubber-draft-law-addresses-regulatory-holes.html
ADB advises region to combine grids
Cambodia is expected to be able to produce about half the energy it needs by 2035, according to the Asian Development Bank (ADB), but the Kingdom – along with its neighbours – should also consider integrating their energy grids, which would bring about more competitive
http://www.phnompenhpost.com/2013053165966/Business/adb-advises-region-to-combine-grids.html
Land complaint filed
Four Preah Vihear villagers filed a complaint with rights group Adhoc yesterday, requesting help in gaining permission to farm 93 hectares of land the Provincial Forestry Administration barred them from last year.
The four complainants represent 65 families who have farmed the area in Kolen district
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday.
The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm
