Gov’t Reveals Chinese, Korean Railway Plans
The Chinese and South Korean governments have been granted permission to build 565 km of new railroad in Cambodia and have already conducted feasibility studies, according to a government report released yesterday. In its annual report, the Ministry of Public Works and Transport said that plans ...
Seoul Court Releases CEOs Tied to Local Projects
The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...
Chinese 'no-strings' loans come at a cost
As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...
Tourism numbers rise by 14 per cent
The number of foreign tourists visiting Cambodia through July climbed 14 per cent year-on-year, with the most arrivals coming from Vietnam, South Korea and China, according to the latest Ministry of Tourism figures. Improved transportation, greater promotion of the Kingdom to world markets and widely ...
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families yesterday petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition – ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/calls-halt-reforestation-plan
Fishermen repatriated in growing numbers
Five Cambodian workers rescued from slave-like conditions on a fishing vessel at a port in Senegal were repatriated last Thursday. Cambodia has rescued seven labourers from Senegal, four from South Africa and five from China this year, said Huy Pichsovann ...
Cambodia's Angkor greets 1.57 mln foreign visitors in 9 months
Cambodia’s Angkor Wat temples, one of the world heritage sites, attracted 1.57 million foreign tourists in the first nine of the year, up 6 percent compared with the same period in a year earlier, a tourism report showed Monday. South Korea, China, Vietnam, Japan and Thailand ...
Global Times
http://www.globaltimes.cn/content/817619.shtml#.Ul0inVBgd8E
SISHA internal audit identifies no wrongdoing
Anti-human trafficking NGO SISHA announced the results of its internal audit yesterday, attempting to clear financial misconduct allegations made earlier this year. Retired police detective and founder of the NGO Steve Morrish came under fire in August after two of the charity’s former employees leaked information ...
Laignee Barron
http://www.phnompenhpost.com/national/sisha-internal-audit-identifies-no-wrongdoing
Cambodia backs enhanced security role for Japan
Cambodian Foreign Minister Hor Namhong expressed support Monday for Japan’s plan to give its Self-Defense Forces a greater role to contribute to global peace and stability, Japanese Foreign Minister Fumio Kishida said after meeting with his counterpart in Phnom Penh. Japanese Prime Minister Shinzo Abe plans ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140630/cambodia-backs-enhanced-security-role-japan
Cambodia attracts 1.9 mln foreign tourists in 5 months, up 6 pct
Cambodia has received some 1.9 million foreign visitors in the first five months of 2014, a 6 percent rise compared to the same period last year, a tourism official said Tuesday. “Vietnam, China and South Korea are the largest sources of tourists to Cambodia,” Kong ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226061
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
New airline begins domestic flights in Cambodia
Apsara International Air, jointly owned by Chinese and Cambodian investors, on Wednesday started to operate daily domestic flights from the Cambodian capital to the tourist resort of Siem Reap. The airline operates with an Airbus-320 aircraft. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/08/c_133699903.htm
China's investment in Cambodia reaches 8.8 bln USD
PHNOM PENH– Cambodia has received 8.8 billion U.S. dollars of investments from China from 1994 to July 2011, making China the leading country in the investments in the country, according to the reports from the Council for the Development of Cambodia (CDC) on Tuesday. The ...
http://news.xinhuanet.com/english2010/china/2011-09/06/c_131104903.htm
Smart, ministries offer scholarships
Smart Axiata in collaboration with the ministries of Education, Youth and Sport (MoEYS), and Posts and Telecommunication (MPTC), signed a three-year Memorandum of Understanding (MoU) on Tuesday to “develop future talents and digital corporate leaders”. As part of this, 20 scholarships will be offered to ...
Voun Dara
https://www.phnompenhpost.com/national/smart-ministries-offer-scholarships
UN fights malnutrition with snack
The production of Nutrix, a new fish-based wafer snack, was launched in Phnom Penh on Monday to assist in the fight against “severe acute child malnutrition” in Cambodia. The Nutrix facility is the first of its kind in the Kingdom and only the second in ...
Niem Chheng
https://www.phnompenhpost.com/national/un-fights-malnutrition-snack
Project set to develop franchising
The University of Sydney Business School has launched a research project in an effort to identify barriers to franchising in Southeast Asia, including Cambodia, and to develop a strategy to boost the sector’s growth in the region. The two-year project, funded by AusAID, targets structural, regulatory, ...
http://www.phnompenhpost.com/2013020861250/Business/project-set-to-develop-franchising.html
Global Media Conference Yields Ideas for Cambodian Internet
Keo Kounila is Cambodian blogger who recently attend the Deutsche Welle Global Media Forum in Bonn, Germany. After meeting amid some 1,500 participants, she told VOA Khmer she had garnered new ideas to help develop Cambodia, including organizing seminars to help university students make better use ...
Central bank mulls its inflation response
Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising ...
Open an account at a securities firm and get ready to trade
CSX chief executive Hong Sok Hour explains how the exchange will function on its first day of trading and into the future. The way to begin trading on the CSX is to open an account with any one of a dozen securities firms which are licensed ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions ...
Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-alert-us-taxpayers