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Mobile phone revenues per user to decline

Revenues per user in Cambodia’s mobile phone sector will drop sharply over the next five years, according to global research and consultancy firm Frost & Sullivan. The company said the average revenue per user – ARPU, a key metric for the industry – would fall ...

http://www.phnompenhpost.com/index.php/2011070150112/Business/mobile-phone-revenues-per-user-to-decline.html

Foreign Minister backs full UN membership for Palestinians

Speaking at the UN General Assembly in New York on Monday, Foreign Minister Hor Namhong backed the Palestinians’ bid for full UN membership and called for the lifting of a decades-old US embargo on Cuba, one of the countries backing Cambodia’s bid for a seat ...

Food, fuel prices jump again

Heightened global food and fuel prices continued to inflate Cambodia’s market in September, and experts said flood damages would elevate costs further toward the end of the year. Year-on-year inflation hit 6.7 per cent in last month, up 1 per cent from August, according to data ...

http://www.phnompenhpost.com/index.php/2011102552319/Business/food-fuel-prices-jump-again.html

Stories vary on latest mass fainting incident

Workers at a garment factory in Kampong Speu province that supplies global retailer H&M will return to work tomorrow, after more than 100 staff were hopitalised on Monday, following what they and union representatives described as a mass fainting incident. A spokesperson for H&M’s headquarters in ...

http://www.phnompenhpost.com/index.php/2011102652350/National-news/stories-vary-on-latest-mass-fainting-incident.html

New travel app praised by tourism sector, ministry

The Kingdom’s software development sector is being seen as an increasingly important player in the country’s move to strengthen its tourism industry and provide visitors with the latest conveniences. Stephane Combre, a developer at To Do in Cambodia, said that the firm’s platform, launched in ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/new-travel-app-praised-tourism-sector-ministry

Sar Kheng concerned over laundering

Minister of Interior Sar Kheng has expressed concerns that recent money laundering cases involving huge sums will see Cambodia placed on a global financial blacklist. He called on the authorities to crack down hard on the crime or the Kingdom would be “dead” as it ...

Niem Chheng
https://www.phnompenhpost.com/national/sar-kheng-concerned-over-laundering

PM criticises EU during WTO meeting

Prime Minister Hun Sen has renewed accusations of double standards by the European Union over the possible suspension of the Kingdom’s Everything-but-arms trade status during his visit to Geneva. Mr Hun Sen is attending a three-day meeting on Aid for Trade Global Review in Switzerland and ...

Ben Sokhean
https://www.khmertimeskh.com/50621146/pm-criticises-eu-during-wto-meeting/

Press release on the outcome of the 22th ASEAN-EU Ministerial Meeting (AEMM)

On 24 January 2019, the Ministry of Foreign Affairs and International Cooperation published a press release on the outcome of the 22th ASEAN-EU Ministerial Meeting (AEMM) which was held on 21 January 2019, in Brussels, Belgium. His Excellency Prak Sokhonn, Minister of Foreign Affairs and ...

Ministry of Foreign Affairs and International Cooperation

Download: pdf

Cambodia remains vulnerable to money laundering: FATF

Cambodia is finding it hard to shake off its reputation as a ‘haven’ for dirty money. Despite the government’s best efforts, the Kingdom remains among the countries most vulnerable to the flow of illegal money, according to the latest report coming from the Financial Action Task ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50656242/cambodia-remains-vulnerable-to-money-laundering-fatf/

China a market for fragrant rice

Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...

Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice

Farmers and workers carry on as Chinese transplants drive up land prices

The rural southwestern province of Koh Kong, previously off the international community’s radar screen, has drawn the global spotlight. That’s because a massive runway stretching approximately 3,200 meters appeared suddenly at a resort being developed by a Chinese company in this otherwise out-of-the-way province, about a ...

Tomoya Onishi
https://asia.nikkei.com/Politics/International-relations/Cambodia-s-China-built-runway-irks-US-but-locals-have-other-concerns

IBA denies political influence claims

The Cambodian Bar Association has refuted a scathing critique of its independence and ethics by the International Bar Association (IBA) that questioned Cambodia’s membership in the global group, calling the assessment an unfounded “insult.”Following a visit to the country by a team of legal experts, ...

Aun Pheap
https://www.cambodiadaily.com/news/bar-association-denies-political-influence-claims-95607/

Better infrastructure needed for trade: study

Cambodian goods benefit from the lowest export tariff rates in the world but the Kingdom’s trade is still held back by lengthy bureaucratic procedures and corruption, according to a new study by the World Economic Forum (WEF). The Global Enabling Trade Report 2016, a study published ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/better-infrastructure-needed-trade-study

MRF looks at captive rubber plantation to cut raw material cost

Tyre manufacturer MRF Ltd was looking at acquiring rubber estates to meet the company’s long-term raw material requirements and to bring down costs, a top official said. “We are scouting for acquisitions of estates abroad to meet long-term rubber needs,” said Koshy Varghese, executive vice-president, marketing, ...

http://smartinvestor.business-standard.com/market/Compnews-130592-Compnewsdet-MRF_looks_at_captive_rubber_plantation_to_cut_raw_material_cost.htm

Pakistan-Cambodia ties set to strengthen

PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...

http://www.phnompenhpost.com/2012121760307/Business/pakistan-cambodia-ties-set-to-strengthen.html

Rice Production Down Due to Limited Rainfall, Report Says

After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...

ANZ may sell Asia bank stakes due to stringent capital rules

Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ bank will meet the ...

http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815

Low pay fuels anger among Cambodia's garment workers

As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html

Japan auto parts firm seeks plant in PPSEZ

Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...

Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez

Ad spending sees hike in budget for tourism

The Cambodian government has budgeted $3.5 million for tourism-related advertising and promotions in 2014, Minister of Tourism Thong Khon said yesterday. “This year the budget has reached $3.5 million dollars, half of the total budget for the ministry as we will host PATA Travel Mart 2014,” ...

Chan Muyhong
http://www.phnompenhpost.com/business/ad-spending-sees-hike-budget-tourism

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