Clinton, US Delegation To Arrive in Cambodia
U.S. Secretary of State Hillary Clinton will lead the largest delegation of American businesses ever to visit Cambodia when she arrives here next week to participate in the Asean Regional Forum, U.S. Ambassador William Todd said yesterday. ...
The arrival of the ASEAN Economic Community will likely be delayed
ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...
IMF: Cambodia’s economy expected to grow 7 pct in 2012
The International Monetary Fund (IMF) predicted Tuesday that Cambodia’s economy could grow as high as 7 percent this year, 0.8 percentage points higher than its April’s forecast of 6.2 percent. Speaking in a meeting with Cambodian Deputy Prime Minister Sok An, IMF’s Chief of Mission to ...
http://www.nzweek.com/world/imf-cambodias-economy-expected-to-grow-7-pct-in-2012-8368/
Kampot pepper demand dips
Sales of Cambodia’s World Trade Organization-certified pepper from Kampot province fell to 21 tonnes at the end of this year’s harvest season, a slight decline from 22 tonnes after the end of last year’s season. Nguon Lay, president of the Kampot Pepper Association, said fast-changing ...
http://www.phnompenhpost.com/business/kampot-pepper-demand-dips
S&P reaffirms rating despite political worry
Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...
Eddie Morton
http://www.phnompenhpost.com/business/sp-reaffirms-rating-despite-political-worry
Cambodia eyes more Japan investment
Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-eyes-more-japan-investment
Sugar Firm Offers Defense After Call for Probe of EU Trade Links
The director of a CPP senator’s sugar plantation accused of stealing land from hundreds of families said Wednesday that most locals were happy with the new jobs the plantation has generated, a week after a visiting European Union parliamentarian renewed calls for an investigation of ...
Zsombor Peter
http://www.cambodiadaily.com/news/sugar-firm-offers-defense-after-call-for-probe-of-eu-trade-links-51545/
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Cambodia explores carbon
Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...
http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html
Hor Namhong Travels to US on Official Visit
Foreign Affairs Minister Hor Namhong will travel to the U.S. on Saturday to hold separate discussions with Secretary of State Hillary Clinton and Senator Jim Webb, chairman of the subcommittee on East Asia and Pacific Affairs, the government said in a statement. Mr. Namhong’s visit comes ...
Rare hardwood sparks gunfights, corruption in Asia
KOH KONG, CAMBODIA — A Thai force dubbed the “Rambo Army” couldn’t stop the gangs, armed with battlefield weaponry, as they scoured the forests. Neither could a brave activist, gunned down when he came to investigate. Nor, apparently, can governments across Southeast Asia. The root of the ...
http://www.bradenton.com/2012/11/24/4291081/rare-hardwood-sparks-gunfights.html
ASEAN to study new ties with six partners
ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...
China seen as potential market for Cambodia’s exports
The Commerce Minister said yesterday that China is a potential market for Cambodia’s garment exports and some other agricultural products while the traditional big markets of Europe and the United States are experiencing an economic slowdown. Cham Prasidh said at the sidelines of the Cambodia-China Trade ...
Cargo Traffic Grows at Sihanoukville Port
The total weight of goods transported through the Sihanoukville Autonomous Port in the first six months of the year was up 15 percent compared with the same period last year, according to figures released Thursday. Some 1.51 million tons of goods passed through the port in ...
http://www.cambodiadaily.com/business/cargo-traffic%E2%80%88grows-at-sihanoukville-port-34628/
Cambodia at UN To Defend Rights Record
Cambodia’s opposition leader, Sam Rainsy, is currently in Geneva, where the UN Human Rights Committee is reviewing the country’s rights record. Cambodian government officials are defending their rights record for the second time in four years at the Universal Periodic Review. Sam Rainsy, who heads the Cambodia ...
Sok Khemara, VOA Khmer
http://www.voacambodia.com/content/cambodia-at-un-to-defend-rights-record/1839449.html
Piaggio to return to Cambodia with legendary Vespa scooters
Europe’s largest manufacturer of two-wheeled vehicles, Italy’s Piaggio, will return to Cambodia in September, being absent since the Khmer Rouge takeover. Vespa Cambodia Co Ltd, part of Narith Long’s Narita group, signed an exclusive distribution agreement with Piaggio last month to distribute its Piaggio scooters, ...
Anthony Galliano, P. 9
http://www.phnompenhpost.com/index.php/2012070357156/Business/piaggio-cambodia-vespa.html
PM invited to US as Rainsy seeks support in Europe
As a grinning Prime Minister Hun Sen shook hands with U.S. President Barack Obama and received his first invite for an official trip to Washington over the weekend, opposition leader Sam Rainsy said he was headed to Europe seeking to place diplomatic pressure on the ...
Alex Willemyns and Mech Dara
https://www.cambodiadaily.com/news/pm-invited-to-us-as-rainsy-seeks-support-in-europe-101143/
Cambodian PM says AIIB very attractive to countries in Europe
Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe. The prime minister’s remarks came after Germany, France and Italy followed the suit of Britain in deciding to join AIIB as founding ...
The Cambodia Herald News Staff
http://bit.ly/1AE7EzM
Pay Off Officials, Risk Prison Stint, New Law Says
The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...
Online launch voice
Internet Service provider Online is aiming to compete in the voice call market with its latest product, TalkMobile, a Skype-like application for handsets. Customers are not required to connect via Online to use the application and may connect through rival ISPs and mobile companies. ...
http://www.phnompenhpost.com/index.php/2011070450152/Business/online-launch-voice.html