Cambodia unveils 1st home-made cars
Cambodia’s Heng Development Company on Monday unveiled the first-ever electric-powered cars manufactured by its factory in Kandal province. The show was made after the firm has completed the construction of a 20 million U.S. dollar car manufacturing plant branded ” Angkor” in Kandal province’s Takhmao district. Speaking ...
http://news.xinhuanet.com/english/world/2013-01/07/c_132085823.htm
Miner buys into Cambodian copper
Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...
http://www.phnompenhpost.com/2013010460638/Business/miner-buys-into-cambodian-copper.html
Cambodia’s garment industry expanding
Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...
http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html
Cambodia's Angkor Wat earns 30 mln USD per annum from ticket sales
Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...
http://www.asean-china-center.org/english/2013-07/08/c_132522594.htm
Cambodia enjoys travel growth
Cambodia’s tourist arrivals registered a 19.9% growth in February according to the country’s statistics and tourist Information Department. The country welcomed 385,760 visits compared to 321,870 during the same month in 2012. Released by the Ministry of Tourism, Monday, data showed neighbouring Vietnam was the top supplier ...
http://www.ttrweekly.com/site/2013/05/cambodia-enjoys-travel-growth/
Cambodia's foreign trade worth over 6 bln USD in 5 months
Cambodia’s trade with foreign countries amounted to 6.25 billion U.S. dollars in value in the first five months of this year, up 20 percent from the same period last year, according to statistics from the Commerce Ministry on Wednesday. During the January-May period this year, the ...
Shuttered schools, factories
With only about 10 per cent of its 1,000-person workforce at their stations by 8am yesterday, management at Hoyear (Cambodia) Garment Ltd cut its losses and announced that the factory would close for the next two days. Thousands across the capital opted out of work ...
Sean Teehan, Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/shuttered-schools-factories
Securities and Exchange Commission will regulate the Stock Exchange
The laws and regulations that govern Cambodia’s securities market were derived from the Objectives and Principles of the International Organization for Securities Commissions (IOSCO) and the best practices in the region, according to Dr. Ming Bankosal, Director General of the SECC. the SECC which ...
Cambodia's debt to China grows to $4 billion, official says
Cambodian debt to China now stands at $4 billion, 35 percent of last year’s gross domestic product and more than half of the country’s total outstanding debt to foreign donors, according to a senior government official. The amount of money Cambodia owes China has been growing ...
Bank and AusAid criticized for treatment of railway evictees
Bridges Across Borders Cambodia yesterday accused the Asian Development Bank (ADB) and the Australian Agency for International Development (AusAid) of white-washing conditions at relocation sites for families being evicted by a $142 million railway rehabilitation project being funded largely with their money ...
Donors Face Mounting Pressure Over Rail Project
A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...
ADB may back disputed dam
The Asian Development Bank is considering providing funds to a controversial 400 megawatt dam project in Laos that could have adverse impacts on the Mekong River in downstream Cambodia. Conservation group International Rivers wants the Lao government to pull the plug on the $1 billion Xe ...
ADB announces 3-year pipeline to boost develpment in Cambodia
The Asian Development Bank (ADB) on Tuesday unveiled its new three-year assistance plan of 525 million U.S. dollars to Cambodia in order to help the country reduce poverty, promote growth and mitigate climate change, the Bank said. The plan for 2013-2015 marked the Bank’s strategic focus ...
http://news.xinhuanet.com/english/world/2012-12/18/c_132048224.htm
Maybank to increase branches in Cambodia to 20, from 12
Maybank Bhd is looking to increase its presence in Cambodia, by raising the number of its branches to 20 from 12 currently. Speaking at a public panel dialogue organised by The Wharton School about the economic prospects of the ASEAN region, Maybank’s CEO Datuk Sri Abdul ...
IPU Finds Assembly Has Little Loans Oversight
Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...
http://www.cambodiadaily.com/business/ipu-finds-assembly-has-little-loans-oversight-36432/
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
Ministry of Labor knights Australian industrial commissioner
The Arbitration Council says the Ministry of Labor has knighted an Australian industrial commissioner for his long period of work as an honorary advisor to the council. In a statement posted on its website Friday, the council said Labour and Vocational Training Minister Ith Samheng awarded ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=OTZiMjJhNTM1NzQ
Be glad you’re not paid in rice, Prime Minister tells teachers
Prime Minister Hun Sen advised the country’s newest crop of teachers not to feel down about their poor salaries, recalling that were they embarking on their careers in the aftermath of the Khmer Rouge regime their pay would be a few bags of rice each ...
Khy Sovuthy
http://www.cambodiadaily.com/news/be-glad-youre-not-paid-in-rice-prime-minister-tells-teachers-53965/
Rubber giant to hear villagers’ complaints
More than 15 months after a Global Witness report revealed that Vietnam’s state-owned rubber giant had illegally cleared land and displaced communities in Cambodia, the company has announced that it will accept and respond to complaints from those whose lives it has damaged. Vietnam Rubber Group, ...
Matt Blomberg
http://www.cambodiadaily.com/news/rubber-giant-to-hear-villagers-complaints-67074/
Inflation low in 2012: IMF
The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...
http://www.phnompenhpost.com/index.php/2012100859161/Business/inflation-low-in-2012-imf.html