Cambodia’s date with US biz
US companieS will re-eStabliSh their commitment to Cambodia and the region today at the US-ASEAN BuSineSS Forum in Siem Reap, a high-profile meeting involving Several headS of State and Some of the biggeSt companieS in the world. US Secretary of State Hillary Clinton will lead the SS='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012071357388/Business/cambodias-date-with-us-biz.html
Cambodia urges Singapore to invest Rice Mills and Agro-Industry
“Singapore will booSt Singaporean companieS to Seek opportunitieS to inveSt in Cambodia, eSpecially in the agro-induStry,” H.E. Hor Namhong, Deputy Prime MiniSter and MiniSter of Foreign AffairS and International Cooperation, announced on WedneSday morning after bilateral talkS with hiS Singaporean counterpart Excellency Mr. K. Shanmugam, SS='cambodia-color'>...
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in stockholm by three swedish NGOs, The Race for Land offers Cambodia as one ss='cambodia-color'>...
Ministries’ different interpretations, wood imports get stuck
The Vietnam Agriculture and Forestry Investment and Development Company in Hanoi is one of the two enterprises that signed a contract on importing 20,000 cubic meters of wood from Cambodia. Cambodian authorities approved the export of the volume of wood to Vietnam in 2011-2012. The ss='cambodia-color'>...
Japan to strengthen local SME’s capacities
The Japan International Cooperation Agency (JICA) announced yesterday that it will provide technical support for Cambodian small and medium-size enterprises (sMEs), strengthening their capacities through the establishment of a national policy, officials said. Meng saktheara, director-general of the General Department of Industry at the Ministry of ss='cambodia-color'>...
http://www.phnompenhpost.com/2013030561745/Business/japan-to-strengthen-local-sme-s-capacities.html
Survey Says Cambodia Lacks Fiscal Transparency
The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget survey 2012- conducted in Cambodia by NGO Forum- ss='cambodia-color'>...
ASEAN: more unity among members needed
Further comprehensive economic co-operation and expansion among AsEAN’s member states, East Asia and its development partners was imperative for managing risks and impacts from the fragile global economy, Prime Minister and AsEAN chairman Hun sen said during the AsEAN Global Dialogue yesterday. The dialogue brought together ss='cambodia-color'>...
Strikes in Cambodian factories may hit orders
Officials of the Garment Manufacturers Association in Cambodia (GMAC) are concerned that recent strikes could delay delivery to customers, and factories are looking for solutions to meet buyers’ demands. About 10,000 workers in seven or eight garment factories have gone on strike recently demanding higher wages ss='cambodia-color'>...
Moto imports jump 55 per cent
IMPORTS of motor ScooterS reached 264,085 unitS, with a total value of $139 million in the firSt 11 monthS of laSt year &ndaSh; a 55 per cent jump from 170,380 unitS worth $86.5 million in the correSponding period of 2011, according to data from the SS='cambodia-color'>...
http://www.phnompenhpost.com/2013022761643/Business/moto-imports-jump-55-per-cent.html
Land Dispute Body Blames Concession Troubles on Ministries
The head of the country’s National Authority for Land Dispute Resolution on Wednesday said his authority was unable to resolve land disputes and that the responsibility for settling such disputes rested with the ministries responsible for handing out economic land concessions (ELCs) in the first ss='cambodia-color'>...
http://www.cambodiadaily.com/news/land-dispute-body-blames-concession-troubles-on-ministries-12099/
Senator Offers Cash Compensation to Evictees
CPP Senator and buSineSS tycoon Ly Yong Phat laSt week continued to offer familieS in Koh Kong province caSh compenSation to get them to drop out of a lawSuit againSt two Sugar cane plantationS he once owned, according to villagerS. But villager Phann Khly yeSterday SS='cambodia-color'>...
ADB Smothers Report On Families Hit by Rail Project
The Asian Development Bank has refused to release a critical study on the impacts its $141.6 million railway project is having on thousands of Cambodian families because disclosure of the report could hurt its relationship with the government, an ADB spokeswoman said. Raising concerns about the ss='cambodia-color'>...
‘Master Plan’ Drawn for Phnom Penh Public Transport System
The Japan International Cooperation Agency (JICA) met with Phnom Penh municipal authorities last month to present the first stage of a “master plan” for the construction of a much-needed public transport system for the capital. Masato Koto, chief of mission for JICA’s transportation planning group in ss='cambodia-color'>...
http://www.cambodiadaily.com/news/master-plan-drawn-for-phnom-penh-public-transport-system-32712/
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with south Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. speaking at a seminar on Korean Market Access for Cambodia’s textiles at ss='cambodia-color'>...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
Agreement reached on Thai trade
After years of discussion, the Cambodian and Thai governments on Tuesday agreed at the Ayeyawady-Chao Phraya-Mekong Economic Co-operation strategy (ACMECs) summit in Laos to establish a Cambodian-Thai Business Council in a bid to enhance trade and investment between the AsEAN neighbours after a decline in ss='cambodia-color'>...
http://www.phnompenhpost.com/2013031561964/Business/agreement-reached-on-thai-trade.html
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 ss='cambodia-color'>...
Lao dam unapproved yet under way: NGO
The construction of Don sahong Dam, the second of 11 potential and controversial Mekong mainstream dams, is moving ahead without approval from Mekong River Commission members, according to a conservationist group report. Located less than two kilometres from the Cambodian-Lao border, the dam has been slammed ss='cambodia-color'>...
http://www.phnompenhpost.com/2013062766515/National/lao-dam-unapproved-yet-under-way-ngo.html
Flooded Forest Gets Protection
A Northeastern section of the Mekong River that is home to a number of endangered species has been designated a conservation site by the Ministry of Agriculture, Forestry and Fisheries. A prakas issued by Minister Chan sarun on April 23 officially declared a 56-kilometre section of ss='cambodia-color'>...
http://www.phnompenhpost.com/2013050765443/National/flooded-forest-gets-protection.html
Committee Formed to Sell Off Mfone’s Assets
The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ss='cambodia-color'>...
http://www.cambodiadaily.com/business/committee-formed-to-sell-off-mfones-assets-22715/
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ss='cambodia-color'>...