News

Japanese foreign minister to visit Cambodia

Japanese Foreign Minister Fumio Kishida is to make a three-day visit to Cambodia from Sunday, Cambodia’s Foreign Ministry said Monday. While in Cambodia, he will pay courtesy calls and meet with King Norodom Sihamoni, Prime Minister Hun Sen and his Cambodian counterpart Hor Namhong, the ministry ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140623/japanese-foreign-minister-visit-cambodia

Aid, Aeon on agenda for Japan

The Japanese government will offer more than $21 million in grant aid and loans to Cambodia when Foreign Minister Fumio Kishida visits later this month, according to a statement released by the Ministry of Foreign Affairs. According to the statement, Kishida will ink a number of ...

Cheang Sokha
http://www.phnompenhpost.com/national/aid-aeon-agenda-japan

Gov’t continues to seek new markets

The Ministry of Commerce has vowed to uncover more markets for Cambodian products to help buffer against price fluctuations caused by the Kingdom’s dependency on neighboring countries. In a response to concerns raised on social media, Commerce Minister Sun Chanthol wrote on the ministry’s official Facebook ...

Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-continues-seek-new-markets

New MFI in town, ‘more still needed’

ORO Financecorp Plc held its official launch on Friday, joining the growing ranks of microfinance institutions in the Kingdom. ORO Financecorp started providing business, agricultural and tractor loans in January with a $4 million capital investment from Seng Enterprise Co Ltd of Cambodia and Creed Asia ...

Chan Muyhong
http://www.phnompenhpost.com/business/new-mfi-town-%E2%80%98more-still-needed%E2%80%99

Japan firm buys share of new power plant

In what looks to be a concerted push into the Southeast Asian energy sector, Japanese import and export conglomerate Marubeni Corporation has acquired a large stake of Cambodia’s power generation infrastructure. In a Tokyo Stock Exchange filing dated June 2, Marubeni announced it had purchased a ...

Hor Kimsay
http://www.phnompenhpost.com/business/japan-firm-buys-share-new-power-plant

Questions over spending plan

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan

Marubeni powers into Cambodia

Marubeni Corp. said Monday that it would acquire a 20 percent stake in a Cambodia-based electricity generation and transmission business owned and operated by Malaysia’s Leader Group, marking Japan’s first foray into Cambodia’s power market. Leader Infrastructure Ltd. operates two 50 megawatt coal-fired power stations in ...

Kyodo News Staff
http://www.japantimes.co.jp/news/2014/06/02/business/marubeni-powers-into-cambodia/#.U4128fmSx8F

South Korea and Japan provide aid

The Japanese and South Korean governments yesterday announced millions of dollars in aid to Cambodia for a scholarship program and a number of rural development projects. Minister of Foreign Affairs Hor Namhong and Japanese Ambassador Kumamaru Yuji signed for a $2.85 million grant yesterday to fund ...

Vong Sokheng and Cheang Sokha
http://www.phnompenhpost.com/national/south-korea-and-japan-provide-aid

Acleda joins WEF growth club

Cambodia’s largest financial institution, Acleda Bank, has been adopted into the World Economic Forum’s group of Global Growth Companies (GGC), an exclusive club made up of some of the world’s fastest-growing medium-size firms. The WEF yesterday announced that 20 companies from the Asia-Pacific region had been ...

Eddie Morton
http://www.phnompenhpost.com/business/acleda-joins-wef-growth-club

Exports to Japan see a big jump

Cambodia’s exports to Japan increased sharply by 39 per cent over the first three months of 2014 compared to the same period last year, according to data from the Japan External Trade Organization (JETRO). Total exports reached more than $178 million at the end of March, ...

May Kunmakara
http://www.phnompenhpost.com/business/exports-japan-see-big-jump

Victim’s kin ‘no right to cash’

The National Social Security Fund (NSSF) has defended its decision not to pay a survivors’ pension to the family of a teenager killed in a ceiling collapse at the Wing Star Shoes factory in Kampong Speu province last May. On the anniversary of the collapse on ...

Sen David and Mom Kunthear
http://www.phnompenhpost.com/national/victim%E2%80%99s-kin-%E2%80%98no-right-cash%E2%80%99

Wing Star victim’s kin not paid out

When an overloaded and illegally built storage level at the Wing Star Shoes factory in Kampong Speu province collapsed last May 16, officials went into damage control, promising to compensate victims using a relatively new state fund. But one year after teenager Kim Dany and co-worker ...

Shane Worrell
http://www.phnompenhpost.com/national/wing-star-victim%E2%80%99s-kin-not-paid-out

Country’s first Japanese news website launched

Thmey Thmey online news website on Wednesday launched a Japanese-language version of the site to help illuminate the world of Cambodian politics and business for Japanese residents here, as well as those considering relocating or investing in the country. The news site, which was set up ...

Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/news/countrys-first-japanese-news-website-launched-58743/

Cambodia’s tourism steady

Cambodia’s tourist arrivals registered a 4.7% growth in March according to the country’s statistics and tourist Information Department. The country attracted 400,076 visits compared to 382,206 during the same month last year. Released by the Ministry of Tourism, late last week, data showed Vietnam led the field ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/05/cambodias-tourism-steady/

Developers see near completion of cable-stayed bridge as positive for trade and property prices

Set to open next year, Cambodia’s first cable-stayed bridge is now more than 70 per cent complete, according the government. Chhim Phalla, director of the Ministry of Public Work’s Department of International Cooperation, which is overseeing the Neak Loeung Bridge and improvements to National Road 1, ...

Siv Meng and Sum Manet
http://www.phnompenhpost.com/real-estate/developers-see-near-completion-cable-stayed-bridge-positive-trade-and-property-prices

Report sees increasing foreign investment in industrial sector

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector

Momentum building for GTI

The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...

Eddie Morton
http://www.phnompenhpost.com/business/momentum-building-gti

AAA takes flight from Japan to Siem Reap

Asia Atlantic Airlines (AAA) made its first flight from Japan’s Narita International Airport to Siem Reap on May 3 with more than 260 tourists on board – and there are more to come. AAA ran the test flight last week before committing to two flights per ...

Hor Kimsay
http://www.phnompenhpost.com/business/aaa-takes-flight-japan-siem-reap

Cambodia receives 1.27 mln foreign tourists in Q1

Cambodia welcomed some 1.27 million international visitors in the first three months of 2014, an 8 percent rise from 1.17 million recorded the same period last year, official data showed Monday. During the January-March period, Vietnam topped the chart among the top ten markets of tourists ...

Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-05/06/c_133313841.htm

German Foundation to launch “The Development of Cambodian Administrative Law”

Konrad-Adenauer-Stiftung (KAS) in Cambodia will launch a book on “The   Development of Cambodian Administrative Law” on 07th of May 2014 at 05:30pm at Raffles Hotel Le Royal. In its press statement, KAS said that by offering readers an overview on the status and development of administrative ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=YmJmYzc2YjIwMWI

Aeon reports record revenue amid ASEAN expansion

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...

Eddie Morton
http://www.phnompenhpost.com/business/aeon-reports-record-revenue-amid-asean-expansion

Sharp seals Cambodia PV deal

Sharp has scored its first international order for its transparent PV panels with a 27.5kW deal in Cambodia. The Osaka-based electronics group will provide 290 of its NA-B095AA see-through panels, as well as inverters and balance of plant (BOP) services, for a cafe in a shopping ...

Brian Publicover
http://www.rechargenews.com/solar/asia_australia/article1359643.ece

Cambodia targets small and medium enterprises from Japan

Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGMyOTU2M2QzMGI

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