Milled rice exports gaining traction
The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...
Cambodia Accuses Europe of Interference
In its first official response to a highly critical resolution on Cambodia from the European Parliament, the government has rejected all criticism and instead accused the Parliament in Brussels of playing politics and interfering in Phnom Penh’s affairs. In its resolution approved October 26, the European ...
http://www.cambodiadaily.com/news/cambodia-accuses-europe-of-interference-5183/
Major Gap Emerging Between Labor Market and Job Seekers
PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...
Cambodia launches National Council on Green Growth
Cambodia on Tuesday officially inaugurated the National Council on Green Growth, aiming at developing a sustainable economic society with natural resource and environment sustainability. Cambodia has adopted several legal instruments for the green growth implementation. Those included the roadmap for green growth, the memorandum of ...
http://news.xinhuanet.com/english/world/2013-03/19/c_132246075.htm
Blackouts to end soon: EdC
Blackouts in Phnom Penh will no longer be a problem after an energy source near Sihanoukville starts providing an extra 50 megawatts of coal-fired power to the city next month, the director-general of Electricite du Cambodge (EdC) said. Keo Rottanak said by mid-June at the latest ...
http://www.phnompenhpost.com/2013052765845/Business/blackouts-to-end-soon-edc.html
Floods in Northwest as Hun Sen Issues Riverbank Collapse Warning
People living along the banks of the Mekong, Bassac and Tonle Sap rivers should exercise caution in the coming days, and be particularly aware of possible riverbank collapses as water levels are rising in Stung Treng province and elsewhere in the country, Prime Minister Hun ...
Fear keeps workers at home
When the garment factory that employs her opened its doors yesterday for the first time since Sunday’s election, Chan Neoun was about 130 kilometres away, at home in Svay Rieng province. Intense rioting and a military crackdown were just some of the rumours flying around ...
http://www.phnompenhpost.com/business/fear-keeps-workers-home
Japanese bank to boost local investments
Japanese Bank of Tokyo-Mitsubishi UFJ (BTMU) signed an agreement yesterday with local Canadia Bank to shore up Japanese growth in Cambodia and to demonstrate its confidence in the Kingdom’s financial sector. BTMU’s managing executive officer, Takami Onodera, and Pung Kheav Se, chairman of Canadia Bank, yesterday ...
http://www.phnompenhpost.com/2013051065537/Business/japanese-bank-to-boost-local-investments.html
Mizuho bank links up with Maybank and Canadia
Japan-based Mizuho Bank (MHBK) has signed an agreement with two well-established banks in Cambodia that is designed to help Mizuho leverage a wider range of financial services when dealing with Japanese clients. The memorandum of understanding was inked on Friday in Phnom Penh between Mizuho’s president ...
May Kunmakara
http://www.phnompenhpost.com/business/mizuho-bank-links-maybank-and-canadia
Expectations exceeded at new dental hospital
When Dr. Tith Hongyoeu opened Roomchang Dental and Aesthetic Hospital in a new 10-storey building on Street 184 just off Norodom Boulevard six months ago, it was the realisation of a dream come true for a poor boy from Kampong Thom province who grew up ...
Increasing number of labour provisions in trade agreements don't hamper business: UN study
Trade-related labour provisions, such as ones that address labour relations or minimum working conditions for employees, do not harm business or make trade provisions less popular, according to a study released today by the United Nations labour agency. ...
UN News Centre Team
http://www.un.org/apps/news/story.asp?NewsID=54481
Cambodia's state-Owned telecom firm gets new chief, vowing to improve business operations, revenues
Newly-Appointed Director General of the state-owned Telecom Cambodia (TC) Kim Vikra vowed Monday to enhance the enterprise’s governance in order to improve business operations and revenues. “I am committed to working with all colleagues in order to lead the enterprise to progress,”he said at his official ...
http://news.xinhuanet.com/english/world/2013-03/18/c_132243178.htm
Consumer protection norms to ensure post-Covid business harmony: minister
Minister of Commerce Pan Sorasak reiterated a called for businesspeople to fulfil their obligations to protect consumers in accordance with the laws and regulations in force and contribute to the shared overarching objectives of harmonisation and sustainable development. ...
Thou Vireak
https://www.phnompenhpost.com/business/consumer-protection-norms-ensure-post-covid-business-harmony-minister
More NGOs Scrutinised
International NGO Bridges Across Borders and umbrella group NGO Forum met yesterday morning with officials at the Ministry of Foreign Affairs who accused both of making “false” and “unfair” claims to the Asian Development Bank about the death of two children relocated by a railway ...
http://www.phnompenhpost.com/index.php/2011081951151/National-news/more-ngos-scrutinised.html
Cambodia and N-Korea Update Trade Ties
Ouch Borith, Secretary of State for Cambodia’s Ministry of Foreign Affairs and International Cooperation, and Ri Myong San, Trade Vice-Minister of DPRK, signed an agreement where Cambodia and North Korea agreed to expand bilateral trade, technology, agriculture, industry, investment and the health sector on July ...
Agreement Inked on Trade Loans in Cambodia
The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...
Protesters Want Obama’s Support Over Evictions
About 100 residents embroiled in land disputes in Phnom Penh submitted a petition to the U.S. Embassy yesterday requesting that President Barack Obama raise the issue of evictions and reform of the country’s land concession policy when he visits Cambodia later this month. The plea comes ...
http://www.cambodiadaily.com/news/protesters-want-obamas-support-in-evictions-5252/
Farming implicated in climate change
Food production accounts for almost one third of global greenhouse gas (GHG) emissions, according to a study published last week by the agricultural research organisation CGIAR. Food systems, from growing crops and raising livestock to storage and transportation, contribute 19 to 29 per cent of global ...
Vietnam, Laos, Cambodia develop trade, tourism
The seventh investment–trade–tourism promotion conference for the Cambodia–Laos–Vietnam development triangle took place in the Central Highlands province of Kon Tum on December 5. The event attracted the participation of representatives from over 400 domestic and foreign businesses. Vietnam is investing in 50 projects worth close to ...
ANZ chief says Cambodia should de-dollarise
ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...
http://www.phnompenhpost.com/2013022161527/Business/anz-chief-says-cambodia-should-de-dollarise.html