Direct flights set for all ASEAN this year
CAMBODIA will have direct flights to all ASEAN member states this year in order to promote stronger growth of the tourism sector in the Kingdom, according to the Ministry of Tourism. Minister of Tourism Thong Khon said Cambodia will become fully connected to the ASEAN region ...
http://www.phnompenhpost.com/2013022861655/Business/direct-flights-set-for-all-asean-this-year.html
Swedish outcry has royal voice in midst
Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...
Cambodia’s garment industry expanding
Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...
http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html
Cambodia enjoys travel growth
Cambodia’s tourist arrivals registered a 19.9% growth in February according to the country’s statistics and tourist Information Department. The country welcomed 385,760 visits compared to 321,870 during the same month in 2012. Released by the Ministry of Tourism, Monday, data showed neighbouring Vietnam was the top supplier ...
http://www.ttrweekly.com/site/2013/05/cambodia-enjoys-travel-growth/
FAO sees slight decline in Cambodian rice harvest this year
Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDBmNGIwNDFiZWY
Better worker food needed: Survey
A new study has determined that cost and space are the biggest constraints to setting up canteens in Cambodia’s garment factories. The findings were presented on Monday night at a cocktail party attended by Cambodia’s former ambassador to the US, Roland Eng, the Swedish Ambassador Anne ...
http://www.phnompenhpost.com/index.php/2012060656611/Business/better-worker-food-needed.html
ABF Freight Adds Offices in Asia
ABF Freight System Inc. on Monday announced it had opened offices in Indonesia, Japan, Singapore, South Korea, Malaysia, Vietnam, Thailand, Cambodia, Myanmar, the Philippines, India and Sri Lanka. The locations are in addition to ABF offices in China, Hong Kong and Taiwan, ABF said in a ...
http://www.arkansasbusiness.com/article.aspx?aID=128384.54928.140526
Asia set for e-commerce boom
A new report by market research firm TNS identifies five triggers that acted together as catalysts for the dramatic changes in consumer behaviour that led to China’s “explosive” e-commerce growth, and suggests other Asian economies could be on the same trajectory. ...
Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/asia-set-e-commerce-boom
Bank South Pacific expands into Asia
The Papua New Guinea-based Bank South Pacific has announced its expansion into Asia with its first Cambodian branch. ...
May Kunmakara
http://www.khmertimeskh.com/news/38839/bank-south-pacific-expands-into-asia/
East Asia takes notice of Cambodia
One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...
Fracking a problem for SE Asia
Impoverished countries hoping to strike it rich by developing their limited oil and gas reserves are being urged to move quickly or risk having their expectations clipped by fracking, which is depressing market prices while adding life to fields once thought exhausted. The ...
http://www.phnompenhpost.com/2013022561573/Business/fracking-a-problem-for-se-asia.html
Asia Weakness Heightens Fears of Contagion
Manufacturing activity in China and across a wide swath of Asia slowed in May, heightening fears that the turmoil in Western economies is dragging down one of the few remaining engines of global growth. Two purchasing managers indexes for China fell in May, briefly rattling investors ...
http://online.wsj.com/article/SB10001424052702303640104577439103464926734.html
ADB revises its Asia growth rate
The Asia Development Bank has revised its growth expectations for the entire region down to 6.1 per cent for 2012 in an update to its annual development outlook released in April. This revision comes after the IMF increased GDP projections for Cambodia to up to 7 per ...
http://www.phnompenhpost.com/index.php/2012100559119/Business/adb-revises-its-asia-growth-rate.html
China's Aid to Cambodia Helps Cement Ties
When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...
Chun Han Wong
http://online.wsj.com/article/SB10001424127887324595904578120582308358540.html
Haystack Asia Acquires KhmerDev
Investment capital firm Haystack Asia has acquired KhmerDev, an information technology company which was the first French-speaking IT service provider in Cambodia when it launched in 2001. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50832226/haystack-asia-acquires-khmerdev/
Banking sector grows
The global economic recovery this year continues to benefit Cambodian banks, although insiders said yesterday macro-economic press-ures were still weighing on the industry. Some of Cambodia’s biggest banks had enjoyed a strong 2011 thanks to a rebound in lending, deposits and profits, officials said. Economists, ...
http://www.phnompenhpost.com/index.php/2011070550175/Business/banking-sector-grows.html
Climate change on agenda
Prime Minister Hun Sen yesterday called for greater regional cooperation to tackle a range of environmental problems in the Greater Mekong Sub-region, but did not specifically address the threat posed by dams. “I call on all countries in the Greater Mekong Sub-region to place more emphasis ...
http://www.phnompenhpost.com/index.php/2011072950721/National-news/climate-change-on-agenda.html
USAID Report Offers New Way to Protect Prey Long Forest
The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the US Agency for ...
Chinese Firm to Invest $100M in Rice Mill
A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...
“Once we enter a market, we are committed to it”
Philip Hampden-Smith, general manager of Southeast Asia operations at Manulife, talks about the company’s entry into the Cambodian market and what the new few years might bring. Cambodia’s nascent life insurance industry may be just only a year old but the nation of nearly 15 million ...