Nevada-based Verde Resources Inc says it has signed memoranda of understanding with Cambodia’s Black Stallion Mining Group Ltd and Vietnam’s Phu Duc Mineral Joint Stock Company to prospect for and develop rare earth resources. In a statement released in Malaysia late Tuesday, Verde Resources said the ...

Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...

Further comprehensive economic co-operation and expansion among ASEAN’s member states, East Asia and its development partners was imperative for managing risks and impacts from the fragile global economy, Prime Minister and ASEAN chairman Hun Sen said during the ASEAN Global Dialogue yesterday. The dialogue brought together ...

Despite steady economic growth in recent years, Cambodia remains one of the least-developed countries in the Asia-Pacific region and faces the challenge of diversifying its economy and moving up the production value chain, the U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) ...

The mobile games industry in South-East recorded impressive growth and reached over US$1 billion in revenue in 2014, according to Frost & Sullivan. Recent analysis from Frost & Sullivan shows that this was also the fastest growing region for mobile games in the world, driven by ...

In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...

Thailand had been asked to supply more electricity to those Cambodian provinces close to the shared border, according to officials. Suy Sem, Cambodian minister of Industry, Mine and Energy, talked to reporters after a bilateral meeting with his counterpart, Thai Minister Arak Chonlatanon last week, a ...

KRATIE (Cambodia): The sight of two dolphins twisting playfully in the murky waters of the Mekong river elicits barely-stifled squeals of delight from a boatload of eco-tourists. But a short distance upstream, river guard Pech Sokhan sighs as he holds up  two large, tangled gill nets ...

Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...

Cambodia’s small economy leaves it especially vulnerable to devastation in the face of large-scale natural disasters, United Nations agencies and Cambodian officials warned last week. “The relative size of an economy adds to the vulnerability as seen particularly in the case of the Lao Peoples’ Democratic ...

CAVFOOD, a joint venture between Cambodian and Vietnamese companies, launched the first phase of its US$8 million rice mill in Phnom Penh on Friday. The venture is an investment by Cambodian state-owned rice exporter Green Trade and Vietnam’s VNA Food 2 and Bank for Investment and ...

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

More than half of Cambodians living in rural areas still do not have access to treated water, about 200 people heard yesterday at a forum at the Phnom Penh Hotel. The event was sponsored by WaterSHED, an NGO funded by USAID’s Regional Development Mission-Asia and the Stone Family Foundation. According ...

As Asian and European leaders gather for high level meetings this month in Cambodia and Laos, the luxury living quarters and extensive security arrangements made for their arrivals have come at considerable human and environmental expense. Government authorities went on a building spree ahead of this ...

Efforts to integrate of Southeast Asia’s economies are beginning to bear fruit, experts say, although there is some way to go before the goal of turning the region into a single market and production base can be reached. ...

ABA Bank has been awarded “Cambodia Retail Bank of the Year” award by this year’s Asia Banking & Finance Retail Banking Awards. With 150 bankers from across Asia on hand to congratulate the winners in Singapore, ABA Bank Deputy Chief Executive Officer Askhat Azhikhanov said ...

Job recruitment agencies that send workers overseas often deceive young women through misleading job advertisements by using brokers that have “a position of authority” within the community, according to a new report by the Asia Foundation. According to the report, agencies also inflate migration costs that ...

Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases ...