Obama's chief trade advisor to visit Cambodia, meet ASEAN ministers
The United States Trade Representative Ron Kirk, President Obama’s Chief Trade Advisor, will be visiting Cambodia’s Siem Reap province on Aug. 30-31 to participate in the 44th ASEAN Economic Ministers’ meetings and the ASEAN-U.S. Business Summit, according to a press release from the U.S. Embassy ...
Businesses Look for Opportunities in Tourism Industry
More than 150 businesses and associations from around the world gathered on Phnom Penh’s Koh Pich yesterday for the launch of the country’s annual food and hospitality exhibition. Two events, the International Food, Drinks and Wine Show and the Cambodian International Hotel, Restaurant and Catering Industry ...
http://www.cambodiadaily.com/business/businesses-look-for-opportunities-in-tourism-industry-3714/
New condominium launched
A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...
Cambodia needs to build human capital for ASEAN Community 2015: PM
Cambodia needs to build qualified and competent human capital to prepare for competition when the ASEAN Economic Community becomes a reality at the end of 2015, Prime Minister Hun Sen said Tuesday. “The Cambodian government will focus its attention on strengthening education quality and technical vocational ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-03/04/c_133160359.htm
Hun Sen aims to attract more Japanese money
Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...
Thai media targets Kingdom
RSiam, the country-music business unit of RS Public Company Limited, a Thai entertainment company, is seeking partners in Cambodia and Laos, said RS executive vice president Soopachai Nillawan. RS owns a record label, produces programming for television, makes films, publishes magazines and promotes concerts. ...
http://www.phnompenhpost.com/index.php/2012072357548/Business/thai-media-targets-kingdom.html
Business chambers merge with Eurocham
The French and German chambers of commerce have both merged into the larger European Chamber of Commerce in Cambodia in order to gain combined strength and be more effective as an interface between European business and the Cambodian government. The agreement is set to be formalised ...
http://www.phnompenhpost.com/2013062066376/Business/business-chambers-merge-with-eurocham.html
Cambodia’s date with US biz
US companies will re-establish their commitment to Cambodia and the region today at the US-ASEAN Business Forum in Siem Reap, a high-profile meeting involving several heads of state and some of the biggest companies in the world. US Secretary of State Hillary Clinton will lead the ...
http://www.phnompenhpost.com/index.php/2012071357388/Business/cambodias-date-with-us-biz.html
U.S.-Cambodia Looking for Investment Possibilities to Boost Economic Ties
Phnom Penh– A group of U.S. investors from the U.S.-ASEAN Business Council on Thursday visited Cambodia to observe investment opportunities and to boost trade and investment ties between U.S. and ASEAN member countries. The group consisted of 11 U.S. firms led by Frances Zwenig, the Counselor ...
Draft budget law allocates $2.6bn for 2012
Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...
Despite deal, Mekong's future still a concern
The agreement by Mekong River Commission Countries to conduct more studies before they decide on Laos’ proposal for the first Lower Mekong dam received further support on Friday, with an influential US senator and an environmental group welcoming it as an important step in preventing ...
Kingdom's 2011 GDP hits 6.9%
Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...
http://www.phnompenhpost.com/index.php/2012012754182/Business/kingdoms-2011-gdp-hits-69.html
Telecommunications Regulatory Body Launched
With a proposed telecommunications law yet to be approved, the Ministry of Post and Telecommunications yesterday launched the Telcom Regulator of Cambodia (TRC) to handle disputes between mobile phone companies and Internet providers, although officials admitted that the body will have limited powers. .. But unless ...
City to co-operate in all fields with Cambodia
HCM City plans further cooperation with Cambodia in all areas, including trade, healthcare, agriculture, and education and training, according to Le Hoang Quan, chairman of the city’s People’s Committee. The project to build the Cho Ray – Phnom Penh Hospital, with a capacity of 500 ...
Men Sarun to export canned noodles to the US and ASEAN
The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ...
More Investment Needed To Process Crops
Prime Minister Hun Sen yesterday said more investment in agriculture was needed to ensure that Cambodia can process its crops and add value to agricultural produce being exported abroad. Speaking at the inauguration of a new cargo port in Kandal province, Mr. Hun Sen said there was an ...
Cambodia's rubber exports up 29 pct in 5 months
Cambodia reported a 29 percent rise in dry rubber exports in the first five months of 2013, but revenues from the exports rose only 4 percent due to price decline in international markets. Currently, the country has about 300,000 hectares of rubber trees, according to ...
http://www.asean-china-center.org/english/2013-07/19/c_132556398.htm#
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
World Bank raps dam study firm
The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the bank for three ...
Thai border SEZs set for discussion next month
In an effort to boost trade activity between Thailand and Cambodia, both countries will discuss plans for two special economic zones along the Thai-Cambodian border next month, according to the secretary of state at the Cambodian Ministry of Foreign Affairs on Monday. “It will provide us ...
Hor Kimsay and Anne Renzenbrink
http://www.phnompenhpost.com/2013052965902/Business/thai-border-sezs-set-for-discussion-next-month.html