Damages from mine to cost at least $4m
The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...
China fuels Cambodia’s airline growth
The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/china-fuels-cambodias-airline-growth/
Korea trade keeps on climbing
CAMBODIA’S trade with South Korea grew 38 percent in the first half of 2011 on the same period last year, according to Korea Trade-Investment Promotion Agency (KORTA) statistics. The growth is partly due to increasing numbers of South Korean importers seeking business in Cambodia, KOTRA’s ...
http://www.phnompenhpost.com/index.php/2011080850915/Business/korea-trade-keeps-on-climbing.html
Workers join Korea day
More than 1,000 Cambodian workers working for eight South Korean companies here gathered yesterday at National Olympic Stadium for “Korea Day for Cambodian Friends,” a celebration of Korean culture and a chance to thank employees for their hard work. ...
Mom Kunthear
http://www.khmertimeskh.com/news/18907/workers-join-korea-day/
Korea donates military vehicles
South Korea has given more than 200 military vehicles to Cambodia and nearly 200 more will arrive in July. The first batch were handed over yesterday at a ceremony at the Techo Hun Sen Military Technical Institute in Kampong Speu province. ...
Ven Rathavong
http://www.khmertimeskh.com/news/36849/korea-donates-military-vehicles/
Korea test cheaters arrested
Seventeen young people were charged by the Phnom Penh Municipal Court and released on bail yesterday after they were caught allegedly falsifying documents while taking a Korean language test administered as a precursor to working in South Korea, police said. ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/korea-test-cheaters-arrested
LED lights’ lure of lower electricity bills
The locally based Global Media Group is bringing the latest LED lighting technology to the Cambodian market in an effort to reduce people’s electricity bills. GMG assistant chief executive Bun Sim said the company would use all its know-how, as well as experts from South Korea, ...
http://www.phnompenhpost.com/2013012460969/Business/led-lights-lure-of-lower-electricity-bills.html
Cambodia begins to construct 3-storey stock market building in capital center
Cambodia’s Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build ...
http://news.xinhuanet.com/english/world/2013-01/28/c_132133406.htm
Exchange to receive millions
Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...
Eddie Morton
http://www.phnompenhpost.com/business/exchange-receive-millions
Hor Namhong to attend ASEAN meetings next week in Myanmar
Cambodia’s Foreign Minister Hor Namhong will attend ASEAN meetings next week in Nay Pyi Taw of Myanmar, according to a statement issued Friday by Ministry of Foreign Affairs and International Cooperation. The statement said the meetings to be held from 8 to 10 August, 2014 include ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=ZGZhNjZjMTY4ODU
FAO Raises Paddy Production Outlook
The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...
Garment growth led by EU and Asia
Garment exports for the first half of 2011 have increased as demand from Europe and Asia grows. The relaxation of duty-free exports to Europe has sped the growth according to the Garment Manufacturers Association in Cambodia. Exports are said to have increased by 32 percent ...
http://www.phnompenhpost.com/index.php/2011072550615/Business/garment-growth-led-by-eu-and-asia.html
Ground broken on Koh Pich for Japan-Cambodia venture
Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...
http://www.phnompenhpost.com/Business/ground-broken-on-koh-pich-for-japan-cambodia-venture.html
Private residential property in Cambodia attracting foreign investors
Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...
http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html
Korea hands over aviation center
Three and a half years after signing a memorandum of understanding on the project, the Korean International Cooperation Agency (KOICA) in Cambodia handed over a $10.1 million aviation training center to the government yesterday. ...
Ven Rathavong
http://www.khmertimeskh.com/news/30685/korea-hands-over-aviation-center/
South Korea loans $21 million for rural improvement
H.E. Aun Pornmonirath, Secretary of State of the Ministry of Economy and Finance of Cambodia and Mr. Sang Wang Byun, Executive Director of Export-Import Bank of the Republic of Korea, on September 21 signed $21 Million Loan Agreement for Cambodia’s Rural Roads Improvement Project. “The ...
Korean tourist numbers hold steady despite regional fears
Despite current tensions between North and South Korea, Cambodia’s tourism minister said yesterday that the number of tourists from South Korea to the Kingdom had not dropped. [Minister of Tourism Thong] Khong said that so far there appears to be nothing to worry about. “There are ...
Companies in Talks to Build Helicopter Factory
A U.S.-Korean joint venture is in talks with the government to build a helicopter manufacturing plant and a training facility for helicopter pilots and mechanics, an aviation official and a company representative said this week. Richard Pak, a representative of South Korean firm Samik Bio Energy ...
http://www.cambodiadaily.com/business/companies-in-talks-to-build-helicopter-factory-5362/
Flagship airline gets new planes
National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...
http://www.phnompenhpost.com/2012121760309/Business/flagship-airline-gets-new-planes.html
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html