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Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012

The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...

http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm

US Seeks Infrastructure Deals in Cambodia

Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...

http://www.cambodiadaily.com/business/us-seeks-infrastructure-deals-in-cambodia-7945/

Ecotourism in Cambodia up 9.7 per cent

Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...

http://www.phnompenhpost.com/2013021461366/Business/ecotourism-in-cambodia-up-9-7-per-cent.html

Myanmar’s siren song

Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...

http://www.phnompenhpost.com/2013031861998/National/myanmar-s-siren-song.html

Factories Asked to Voluntarily Assess Safety

The Garment Manufactures Association of Cambodia (GMAC) and International Labor Organization’s (ILO) Better Factories Cambodia yesterday asked factory owners to voluntarily conduct structural audits on their buildings in light of building collapses at two garment factories that killed two people and injured 23. “In the ...

http://www.cambodiadaily.com/news/factories-asked-to-voluntarily-assess-safety-27319/

Cambodia launches cassava development project under China, UNDP support

Cambodia launched Tuesday the second phase of cassava development project under the support of China and the United Nations Development Program (UNDP). Cambodia and China signed a Protocol on the Exports of Cambodian Cassava to Chinese Market in December 2010, under which China allowed Cambodia ...

http://news.xinhuanet.com/english/china/2013-05/21/c_132397799.htm

Australian Police Say Appropriate Steps Taken in BHP Bribery Case

The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...

http://www.cambodiadaily.com/business/australian-police-say-appropriate-steps-taken-in-bhp-bribery-case-31221/

The scramble to Siem Reap

As Cambodia’s busy tourism season approaches, domestic and regional airlines are scrambling to offer Siem Reap routes in a bid to capitalise on the growing number of visitors to the Angkor Wat gateway. In the past several months, players have entered the fray at a ...

http://www.phnompenhpost.com/business/scramble-siem-reap

Debt ratio below most ASEAN states: IMF

Cambodia’s general government gross debt (GGGD) is projected to reach 37.5 per cent of GDP (gross domestic product) in 2023 – up from 36.5 per cent in 2022 – which, although marking the highest rate since 42.7 per cent in 2004, is lower than that ...

May Kunmakara
https://www.phnompenhpost.com/business/debt-ratio-below-most-asean-states-imf

Manet urges improved ASEAN, Gulf State ties

Prime Minister Hun Manet has called for free and open trade, the stimulation of investment and the creation of a conducive environment to promote business between ASEAN and the Gulf states, as the two regions seek to strengthen ties at their historic first-ever ASEAN-Gulf Cooperation ...

Vong Daravady
https://www.phnompenhpost.com/national/manet-urges-improved-asean-gulf-state-ties

Senator Ly Yong Phat’s Family Given Preah Sihanouk State Land for Tourism Development

The Cambodian government has granted a 600-hectare concession to the family of notorious tycoon Ly Yong Phat, whose sugarcane concessions have been at the center of human rights violations. ...

Sun Narin
https://www.voacambodia.com/a/senator-ly-yong-phat-family-given-preah-sihanouk-state-land-for-tourism-development/5613723.html

China Unicom to build Cambodia’s first state-owned submarine optical fiber cable project

China Unicom Group, one of the country’s largest telecommunications operators, will build Cambodia’s first state-owned submarine optical fiber cable with a large capacity for international communications. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378890/china-unicom-to-build-cambodias-first-state-owned-submarine-optical-fiber-cable-project/

The New Asian Century

With growing uncertainty in the US economy and an unfolding fiscal and debt crisis in the Eurozone after the global recession in 2008, Asia is expected to continue leading the global recovery. Under such circumstances, the 21st Century is emerging as the “New Asian Century”, ...

http://www.etmcambodia.com/

Cambodia Accountancy Toward Global Standard

The National Accounting Council, the Kampuchea Institution of Certified Public Accountants and Auditors and Association of Chartered Certified Accountants (ACCA), co-organized to launch a National Conference on “Accountancy in Cambodia-Towards Global Standards” on August 12th in Phnom Penh to reflect what is being implemented in ...

http://thesoutheastasiaweekly.com/

Foreign investment brings Cambodia growth, new issues

Cambodian officials say the country’s economic growth rate is set to exceed seven percent this year. According to financial analysts even if the global economy slows, Cambodia is well prepared to deal with it, partly because of strong foreign investment. But the billions of dollars ...

http://www.voanews.com/english/news/asia/southeast/Foreign-Investment-Brings-Cambodia-Growth-New-Issues-130847333.html

Renewed US Interest in Region Puts Cambodia in Tough Spot, Analysts Say

The US “pivot to Asia,” which will be punctuated next week with the Cambodian visit of US President Barack Obama, will likely put Cambodia in a tough spot in the region, caught between the renewed focus of the United States and the increased influence of ...

http://www.voacambodia.com/content/renewed--us-interest-in-region-puts-cambodia-in-tough-spot-analysts-say/1546896.html

Lee arrives in Cambodia for regional cooperation summits

South Korean President Lee Myung-bak arrived in Cambodia on Sunday for a series of international summits, including one involving the newly re-elected U.S. president, Barack Obama, about freer trade and other cooperation issues in the region. On Monday and Tuesday, Lee will attend a trio ...

http://english.yonhapnews.co.kr/national/2012/11/16/83/0301000000AEN20121116009151315F.HTML

New Kampot Salt Farm Has Big Ambitions

TOEK CHHOU DISTRICT, Kampot province – A donor-backed project launched here on Saturday aims to produce Cambodia’s first export-quality sea salt and invigorate the struggling local salt industry. In a ceremony among Kampot’s vast fields of coastal saltpans and low levees, company representatives from Asia Salt ...

http://www.cambodiadaily.com/business/new-kampot-salt-farm-has-big-ambitions-20505/

Robust Recovery Continues

Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...

http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html

ASICS Wants Monitoring Of Cambodian Sub-Contractors After Accident

The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. “We will strongly request to our sub-contractors in Cambodia to sign up to this programme,” Katsumi Funakoshi, ASICS ...

http://www.nationmultimedia.com/breakingnews/ASICS-wants-monitoring-of-Cambodian-sub-contractor-30206398.html

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