French government injects $74 million loan to support social and economic development projects in Cambodia
French government through French development agency will give $74million loan to Cambodia to support social and economic development in the kingdom, according to a senior official said today. Director General of French Agency for Development (Agence Française de Développement -AFD) Mr Dov Zera will travel to ...
ADB Institute: too much focus on 2015
Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...
World Bank Raises GDP Outlook for 2012
The World Bank yesterday raised Cambodia’s gross domestic product outlook for 2012 by 0.1 percent to 6.6 percent, saying that last year’s flooding and the global economic slowdown did not affect Cambodia’s economy as much as first expected. According to the World Bank’s East Asia and ...
CAMBODIA: Rural poor lose out in land deals
Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...
http://www.irinnews.org/Report/96452/CAMBODIA-Rural-poor-lose-out-in-land-deals
Cambodia Unsuccessful in Bid for UN Security Council Seat
The U.N. General Assembly’s vote for the Asia-Pacific non-permanent seat on the Security Council went to the wire yesterday night, as a second ballot had to be held when none of the contenders, Cambodia, South Korea and Buthan, won a clear two-thirds majority. After the ...
Outbreaks of foot-and-mouth disease decrease, but are still painful for Cambodian farmers
The number of cases of foot-and-mouth disease dropped significantly in first six months of 2012 compared with the three previous years, according to new report by the UN’s Food and Agriculture Organization (FAO). However, the report’s authors say the disease is still a problem for Cambodian farmers, especially owners of small farms, and can severely ...
Royal Group to Import BMWs Into Cambodia
Cambodian conglomerate Royal Group will be the first authorized importer and dealer of BMW automobiles in the country, and has begun construction on a showroom and service center in Phnom Penh. Premium Auto Import Co. Ltd., a subsidiary of Royal Group, aims to import roughly 200 ...
Media Groups Call On ‘Political Elite’ to Protect Reporters
More than a dozen journalism and human rights groups have called on Cambodia’s political forces to protect journalists and guarantee citizens’ access to an open and unobstructed press during the current political unrest. In a statement released Wednesday, the Cambodian Center for Independent Media, along with ...
Lindsey Peterson
http://www.cambodiadaily.com/news/media-groups-call-on-political-elite-to-protect-reporters-45436/
Canada couple bring Chinese, Indians into Cambodia gold company
Mike Weeks and Delayne Weeks of Canada had a dream five years ago: create a gold mine. Do it in a nation that has never produced gold commercially. Use the process to educate and enrich an impoverished population. The country is Cambodia. The mine is in northeast ...
Thom Calandra
http://www.equities.com/editors-desk/futures-commodities/canada-couple-bring-chinese-indians-into-cambodia-gold-company
PAL still keen on Cambodia Air venture
FLAG carrier Philippine Airlines (PAL) has not lost its interest in pursuing a joint-venture agreement with Royal Group of Cambodia (RGC) to establish Cambodia Airlines Co. Ltd. PAL President Ramon S. Ang confirmed that his airline’s discussions for investment in the Cambodian carrier are ongoing, as ...
Lorenz S. Marasigan
http://www.businessmirror.com.ph/index.php/en/business/companies/32817-pal-still-keen-on-cambodia-air-venture
A burden to bear
Among the exotic wildlife that prowls Cambodia’s forests are large furry creatures that may be far more familiar to European and North American visitors than the ever-dwindling populations of large cats and beastly elephants. The Kingdom’s bears climb trees and devour honey just like their ...
Bennett Murray
http://www.phnompenhpost.com/7days/burden-bear
Capital to host tourism fair
For the first time in the event’s 37-year history, Cambodia is to host the annual Pacific Asian Tourism Association Travel Mart (PTM), an annual tourism trade fair organised by the multinational tourism body. So Visothy, director of marketing and information at the Ministry of Tourism, said ...
Chan Muyhong
http://www.phnompenhpost.com/business/capital-host-tourism-fair
Riel trust needed for stability
As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...
Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability
Hun Sen to meet Thai PM, Australian FM in Italy
Prime Minister Hun Sen will hold separate bilateral talks with Thai counterpart Prayuth Chan-ocha and Australian Foreign Minister Julie Bishop on the sideline of the 10th Asia-Europe meeting. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/hun-sen-to-meet-thai-pm-australian-fm-in-italy-7493
Modern abbatoir under way for Australian cattle
Days after the Australian government announced it had approved the export of 10,000 live cows to Cambodia, a local firm has revealed that it is nearing completion of the Kingdom’s first modern slaughterhouse in Preah Sihanounk province – and that it is set to be ...
Hor Kimsay
http://www.phnompenhpost.com/business/modern-abbatoir-under-way-australian-cattle
Largest teachers’ association laments dearth of textbooks
The head of the country’s largest teachers’ association sent an open letter to Education Minister Hang Chuon Naron on Wednesday contending that there is a serious shortage of textbooks and teacher manuals due to corruption and indifference on the part of ministry officials. Rong Chhun, president ...
Ouch Sony and Max Weinstein
https://www.cambodiadaily.com/news/largest-teachers-association-laments-dearth-of-textbooks-76517/
Investors Look For Hotel Opportunities In Southeast Asia
Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang LaSalle. “Rising visitor arrivals, robust trading ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NGM4ODkxZTEzMjg
TNT expands Asia Road Network
TNT Express linked its Chinese day-definite domestic road services into its Asia Road Network. This has created the only scheduled day-definite road network covering China, Vietnam, Cambodia, Laos, Thailand, Malaysia and Singapore, said the operator. CEO Marie-Christine Lombard said: “With the integration of TNT’s two ...
http://www.ifw-net.com/freightpubs/ifw/index/tnt-expands-asia-road-network/20017904622.htm
Most U.S. Firms Plan to Expand Business in SE Asia: Amcham
Eighty-five percent of U.S. companies in Southeast Asia plan to expand their business as the region will become more important in the next two years, the American Chamber of Commerce (AmCham) in Singapore said on Monday. “ASEAN continues to grow in importance for businesses in the ...
http://www.reuters.com/article/2011/09/05/us-firms-asia-idUSTRE78411L20110905
Microsoft translation project to tackle business jargon
American software giant Microsoft announced yesterday that it would jointly implement a project with Cambodia’s Ministry of Commerce to create a translation program to simplify complex English and Khmer business terminology in order to help businesses better understand commonly used jargon. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microsoft-translation-project-tackle-business-jargon