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France looks to increase exports to the Kingdom

France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...

http://www.phnompenhpost.com/2013041265055/Business/france-looks-to-increase-exports-to-the-kingdom.html

Rice exports to region rising

Cambodian milled rice exports are gradually lessening their dependency on a single market by expanding their shipping destination in Asia, a sign insiders say is good news for the industry. Kim Savuth, president of the Federation of Cambodian Rice Exporters, told the Post yesterday that milled ...

http://www.phnompenhpost.com/2013052365791/Business/rice-exports-to-region-rising.html

Former Mfone Employees Protest for Severance Pay

More than 100 former employees of bankrupt mobile phone operator Mfone traveled from three provinces yesterday to protest outside the firm’s shuttered office on Phnom Penh’s Monivong Boulevard demanding their severance pay. Sok Samphorn, an engineer who was employed by Mfone, said employees from Phnom Penh, ...

http://www.cambodiadaily.com

Thailand, Cambodia Recommit to Border Growth

The foreign ministers of Thailand and Cambodia signed a memorandum of understanding in Phnom Penh yesterday reconfirming their commitment to developing their joint border with new economic zones, checkpoints and a 1,800-MW power plant. “We have agreed to create four international checkpoints to improve trade ...

http://www.cambodiadaily.com

Cambodia tweaks trip estimate

Cambodia’s Ministry of Tourism has revised tourist travel arrivals from 3.8 million to 4.2 million by year-end. Tourism Minister Thong Khon told local media, earlier this week, that the adjustment was based on a January to April’s performance with 1.5 million trips. “Earlier, we forecast 3.8 million, ...

http://www.ttrweekly.com/site/2013/06/cambodia-tweaks-trip-estimate/

Funcinpec joins call for probe

Royalist party Fun­cinpec has joined the opposition in calling for international involvement in an investigation into election irregularities. “I have issued a request to ask for the creation of an independent committee to investigate the irregularities,” Funcinpec secretary-general Nhek Bun Chhay said. While the party failed to ...

http://www.phnompenhpost.com/national/funcinpec-joins-call-probe

Tourism: More Info Needed

In diversifing its holiday attractions, Cambodia’s tourism industry should focus on three key areas – the country’s northeastern region, the coasts and the vicinity around Siem Reap – but efforts to promote these destinations are still lacking, an industry leader says. Statistics from the Ministry ...

http://www.phnompenhpost.com/2013050265365/Business/tourism-more-info-needed.html

Tales of intimidation

When activists Mom Sakin and Sorn Siyan took a stand against illegal logging in Kratie province last month, they were allegedly threatened with violence and lawsuits from officials. “Powerful people who wanted to intimidate us shot their guns into the air to prevent us from going ...

http://www.phnompenhpost.com/2013050165357/National/tales-of-intimidation.html

Mekong forest facing sharp decline: WWF

BANGKOK: Demand for farmland may strip the Greater Mekong region of a third of its remaining forest cover over the next two decades without swift government action, a leading conservation group warned Thursday. Forests are being cleared for commodities such as rubber and rice while illegal logging is decimating ...

http://www.channelnewsasia.com/news/asiapacific/mekong-forest-facing-sharp-decline-wwf/661574.html

S. Korea's Booyoung to build new town in Cambodia

Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...

http://english.yonhapnews.co.kr/business/2013/05/07/45/0501000000AEN20130507006500320F.HTML

Workers Get Benefits, Not Jobs

India’s ambassador to Cambodia, Dinesh Patnaik, said yesterday that his government will pay outstanding benefits to about 30 restoration workers who lost their jobs at Siem Reap province’s Ta Prohm temple in February – but will not reinstate them. The entire restoration team – more than ...

http://www.phnompenhpost.com/2013050965505/National/workers-get-benefits-not-jobs.html

Anti-laundering law gets tougher penalties

The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...

http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html

New Kompong Thom Governor Vows to Give Land to Evictees

The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...

http://www.cambodiadaily.com/news/new-kompong-thom-governor%E2%80%88vows-to-give-land-to-evictees-23138/

Ministers sign deals to bolster trust

Thailand and Cambodia have signed four new agreements focused on bolstering trust and maintaining security. Defence Minister Sukumpol Suwanatat made the announcement after the 9th GBC meeting at Wangjuntr Golf Park in Rayong’s Wang Chan district. He said one of the four agreements concerned the spread of ...

http://www.bangkokpost.com/news/local/350635/ministers-sign-deals-to-bolster-trust

ASEAN power chiefs to follow up power grid plan

Leaders of ASEAN power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening ...

http://www.chinadaily.com.cn/world/2013-05/23/content_16525904.htm

Cambodia’s students to get schooled in tourism

Young Cambodians will now learn about tourism in grades 11 and 12, according to the new curriculum for public education that was launched yesterday. The development is aimed at enhancing quality in the tourism sector, officials said during a press conference. The new curriculum covers the ...

http://www.phnompenhpost.com/2013052865867/Business/cambodia-s-students-to-get-schooled-in-tourism.html

Duty-Free Agreements Worry Minister

Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...

http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html

Cambodia, next powerhouse for Asean investors

The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...

http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors

Sealed docs our call: council

The Constitutional Council yesterday said it has the power to order the National Election Committee to open the sealed documents monitors say could prove election irregularities, but stopped short of saying it would actually do so. Election monitors have called on the NEC to open documents ...

http://www.phnompenhpost.com/national/sealed-docs-our-call-council

Cambodia's oil imports down 5.6 pct in first half of 2013

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm

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