News

AEON tenants target Cambodia’s middle class

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class

Cambodia's foreign trade up 15% amid ongoing political row

Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=213997

Japan to grant 11.7 mln USD to Cambodia for health development

The Japanese government will sign up to provide 11.7 million U.S. dollars to Cambodia next week to help the country in its health sector development, according to a news statement from the Cambodian Ministry of Foreign Affairs on Tuesday. ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=207263

Solar move at PPWSA to cut costs

The Phnom Penh Water Supply Authority (PPWSA) installed a solar power generation system last week in an effort to reduce electricity bills by about $200,000 a year. The solar power system, which was funded by the Japanese government, was installed at the PPWSA’s water treatment facility ...

Hor Kimsay
http://www.phnompenhpost.com/business/solar-move-ppwsa-cut-costs

Japan’s small, medium companies see business opportunity in Cambodia

Many small and medium companies of Japan are showing their interest in doing business in Cambodia, according to an assistant of Prime Minister Hun Sen. 99 percent of Japanese small and medium companies are interested in investing in Asia, especially in Cambodia, which is located ...

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

Cambodia considers giving visa for Japanese on airplane

Cambodian Prime Minister Hun Sen said Tuesday his government wants to make it easier for Japanese travelers to visit Cambodia by introducing in-flight processing of tourist visas. Speaking at a government forum with private sectors in Phnom Penh, Hun Sen said the original idea from the ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140304/cambodia-considers-giving-visa-japanese-airplane

Japan diversifies Cambodia investments

While more Japanese companies are flocking to Cambodia for investments in recent years, they are more diversified, ranging from restaurants to manufacturing industries and electronics. Yoshihito Katsuo, first secretary in charge of trade at the Japanese embassy in Phnom Penh, told Kyodo News on Friday that ...

Bangkok Post News Staff
http://www.bangkokpost.com/breakingnews/396322/japanese-firms-diversify-investments-in-cambodia

Japan-Cambodia cultural festival begins tonight

During the 10th annual Japan-Cambodia Kizuna Festival, the focus will be on the “kizuna,” or bond in Japanese, between the two countries. The opening ceremony begins at 6 p.m. tonight, and the festival runs until Sunday evening. Admission is free, and more than 10,000 people are ...

Emily Wilkins
http://www.cambodiadaily.com/news/japan-cambodia-cultural-festival-begins-tonight-52722/

Japan, U.S. to help empower women in Cambodia, Myanmar

The Japanese and U.S. governments are set to launch a joint project to help empower women in developing countries in Asia, including Cambodia and Myanmar, as well as Africa, officials of both governments said Saturday. The two governments came up with the project as both Prime ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140209/japan-us-help-empower-women-cambodia-myanmar

PAL urged not to pursue deal to form Cambodia Airlines

 Flag carrier Philippine Airlines (PAL) is said to be better off not pursuing a deal with Royal Group of Cambodia (RGC) to form Cambodia Airlines Co. Ltd., saying there are other “bigger priorities” for the flag carrier. CAPA said the Cambodia-Philippines is a small market, ...

Lenie Lectura
http://www.abs-cbnnews.com/business/02/04/14/pal-urged-not-pursue-deal-form-cambodia-airlines

Survey seeks info on Cambodian business health

Starting later this month, 10,000 small and medium-sized businesses will be queried as part of a Japanese government-backed economic census intended to take a snapshot of activity across the private sector. Beginning on February 23 and running through to March 31, Cambodia’s National Institute of Statistics ...

Eddie Morton
http://www.phnompenhpost.com/business/survey-seeks-info-cambodian-business-health

Direct Japan flights set to take off later in year: PM

Japan will introduce direct flights to and from Cambodia this year in an effort to bolster trade, investment and tourism between the two nations, Prime Minister Hun Sen said on Friday. Hun Sen announced the plan at a meeting with a delegation led by Hideo ...

May Kunmakara
http://www.phnompenhpost.com/business/direct-japan-flights-set-take-later-year-pm

CMAC eyes budget bump of $13 million

The Cambodian Mine Action Centre (CMAC) is looking to increase its annual budget to $33 million this year amid a need to upgrade its life-saving equipment, an official said yesterday. Approximately $10 million has already been raised, according to CMAC director Heng Ratana, who expressed confidence ...

Amelia Woodside
http://www.phnompenhpost.com/national/cmac-eyes-budget-bump-13-million

Prime Minister Hun Sen: Cambodia to have direct flight from Japan in six months

Prime Minister Hun Sen of Cambodia believes that within 6 months, Cambodia will have direct flight from Japan, which will help promote tourism and investment in the Kingdom. The Premier made such comment January 31 during his meeting with Delegates of World Tourism led by Mr. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=Mjc2MTVkMDkxMzU

Poipet to see new economic zone

Japanese investors will put $56 million into a joint venture with local company Sanco Investment Group (SIG) to build a new special economic zone in Banteay Meanchey province’s Poipet town, officials said yesterday. Chhour Vichet, executive director of SIG, said Thailand’s labour shortage, Cambodia’s ongoing political ...

May Kunmakara
http://www.phnompenhpost.com/business/poipet-see-new-economic-zone

Cambodian garment export earns 5.53 bln USD in 2013

Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/27/c_133078498.htm

Risk-averse Japanese investing more in Phnom Penh condos

In the course of a city’s development, especially a capital city, certain events serve as mile markers, raising their profile both regionally and globally. Few understand the changing views of Japanese investors toward Cambodia better than the upper management of boutique real estate consultancy AnnaCam ...

Chris Horton
http://www.phnompenhpost.com/real-estate/risk-averse-japanese-investing-more-phnom-penh-condos

Chinese investment in Cambodia up in 2013

Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...

Global Times News Staff
http://www.globaltimes.cn/content/838148.shtml#.Utx56xD-LIU

Slow year for Japanese investment

The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/slow-year-japanese-investment

SMBC To Reinforce Biz Cooperation In Cambodia, S.Africa

Megabank Sumitomo Mitsui Banking Corp. said Tuesday that it will boost business collaboration with Acleda Bank, Cambodia’s leading commercial bank, and Absa Bank in South Africa, Japan’s Jiji Press reported. The Sumitomo Mitsui Financial Group Inc. unit said it has dispatched a staff member to a ...

Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1007470

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