IBM eyes on Cambodia market again
IBM reaffirmed its commitment to the Cambodian market through a two-day event from 5 to 6 October in Phnom Penh which it demonstrated technology solutions for companies and governments of all sizes. With the potential market in Cambodia, IBM targets to set up its full ...
Floods abate, but villagers still isolated
Although floodwaters are receding, an unknown number of villages in several provinces remain accessible only by boat, and the extent of the damage has yet to be fully assessed, according to aid workers and the latest “situation update” from the United Nations Disaster Management Team. “In ...
Good ties boost investment, trade, tourism between Cambodia, China
The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries’ good relations, said officials Friday. Cambodia attracted China’s investments of 1.19 billion U.S. dollars in 2011, up 71 percent from ...
http://news.xinhuanet.com/english/china/2012-02/17/c_131416641.htm
Royal Group Denies Toll’s Exit From Local Railway Project
Royal Group chairman Kith Meng yesterday denied reports that Australian company Toll Holdings would be pulling out of a $140 million joint venture project to rehabilitate Cambodia’s railway system. Toll Holdings, in a joint venture with Royal Group, signed a 30-year contract with the government in ...
Hun Sen Denies China Influence Over Cambodia
Prime Minister Hun Sen yesterday hit back at claims that China had influenced Cambodia’s actions as chair of Asean, insisting that the visit of Chinese President Hu Jintao last weekend was not related to this week’s Asean Summit. Speaking at the closing of the summit at ...
MFIs watch rice loans
The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...
May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-rice-loans/
Ministry plans Xayaburi trip
Cambodia has been asked to send a delegation to the site of the proposed Xayaburi hydro-electric dam in northern Laos, Minister of Water Resources and Meteorology Lim Kean Hor said yesterday. Kean Hor, who is also chairman of Cambodia’s National Mekong Committee, said the equivalent body ...
Diplomats Continue Writing Letters of Complaint Over Asean
Nearly two months after the 45th Asean Foreign Ministers Meeting concluded with ministers failing to issue a joint communique for the first time in the block’s history, Cambodia remains on the defensive, this week disseminating yet another agressive letter to the editor of a regional newspaper. In a ...
Cambodia steps up Internet surveillance
As Burma loosens its grip on the media, Cambodia has begun to rank high among the countries repressing internet and telephone freedom in the name of national security, safety and social order. It is still not comparable to China or Vietnam, but Cambodia is moving ...
http://asiancorrespondent.com/88383/cambodia-internet-circular-surveillance-radio/
Road-Rage Case Latest Gun Play by the Powerful
Road rage was the likely motive of the driver of a luxury suburban utility vehicle (SUV) who opened fire on the driver of another SUV Friday afternoon in Phnom Penh in what appears to be the latest incidence of random gun violence involving the country’s ...
As tourism grows, so do questions about sustainability
While tourism officials are pleased about the healthy growth of tourism in Cambodia, the influx of visitors might not be so healthy for the Kingdom’s main attraction-the temple complex of Angkor Wat near Siem Reap. New figures from the Siem Reap tourist office show that about ...
Book Outlines Best of Both Worlds for Cardamom Mountains
The protectionist bent of conservation groups and the development agenda of the government can come together in Cambodia to create a green economy. That is the message of a new book Conservation International (C.I.) launched yesterday in Phnom Penh, outlining practical options for saving the environment ...
Japanese Bank to Sign Agreement With Acleda
One of the largest banks in Japan, Sumimoto Mitsui Banking Co., will sign an agreement with Acleda Bank Friday to share market data and banking services, Acleda announced yesterday. The deal would allow Sumimoto Mitsui, which currently only has a representative branch in Cambodia, to access ...
Chartered flights from Taiwan re-launched
Chartered direct flights from Taiwan to Cambodia were re-launched on February 7 by Taiwanese airline Far Eastern Air Transport, one year after the company abruptly suspended the flights over a dispute with its Cambodian airline partner over unpaid aviation fuel. Six flights have been ...
http://www.phnompenhpost.com/2013021261307/Business/chartered-flights-from-taiwan-re-launched.html
Cambodian PM greets large group of Chinese businesspeople
Cambodian Prime Minister Hun Sen on Thursday met with a large group of Chinese business executives visiting Cambodia to explore investment opportunities. To date, he said, the Sino-Cambodian relationship has reached the level of the Comprehensive Strategic Partnership of Cooperation. The premier said China has helped ...
http://news.xinhuanet.com/english/world/2013-02/28/c_132199209.htm
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html
Chinese Iron Ore Firm Paid for New CPP District Office
A Chinese mining firm has donated about $200,000 toward the building of a new district headquarters for the ruling CPP in Preah Vihear province, officials said yesterday. Kong Makara, director of the provincial industry, mines and energy office, said that Chinese company Cambodian Iron Holding and ...
Officials Differ on Equipment Confiscation
Forestry Administration officials in Banteay Meanchey province have confiscated and continue to hold equipment valued at $1.5 million from a troubled biofuel plantation without any legal backing, an official in the provincial governor’s office said. Bulldozers, steamrollers and dump trucks were confiscated last month from a ...
Workers ditch factories for fields
At some point during the planting season this year, Pheap Srey Ngoun will leave her garment factory floor for a rice paddy in Cambodia’s Prey Veng province. Like many fellow garment workers she will leave her position, with permission from the factory, to lend a hand ...
Vietnam needs more nuts
Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html