News

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organised by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s ...

http://english.vietnamnet.vn/fms/business/52545/business-in-brief-15-11.html

Firm Posts fall In Profits on Slot Machines

Entertainment Gaming Asia Inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...

http://www.cambodiadaily.com

Merit in rice trade plan

The cabinet on Tuesday approved a proposal allowing the Commerce Ministry to form a rice trade partnership with Asean’s four other rice-producing countries, namely Vietnam, Laos, Cambodia and Myanmar, to stabilise rice prices in the global market and to promote food security in the region. The ...

http://www.bangkokpost.com/news/local/321297/rice-trade-area-plan-has-merit

Asean Fellows Warn Cambodia of Mining Pitfalls

Community representatives from Indonesia and the Philippines warned Cambodia yesterday of the potential human cost that an influx of mining companies could bring to the country. As private companies scour the land for minerals, with some set to begin extraction within a few years, Cambodia could ...

http://www.cambodiadaily.com

Costs outweigh the benefits of foreign direct investment: FAO

Cambodia has been featured as a case study in a new report launched by the Food and Agriculture Organization of the United Nations (FAO) focusing on the effect of foreign direct investment (FDI) in developing nations’ agricultural sectors. While the report acknowledges the positive effects ...

Erika Mudie
http://www.phnompenhpost.com/index.php/2012111559750/Business/costs-outweigh-the-benefits-of-foreign-direct-investment-fao.html

Hun Sen vows to intervene as dollar plunges to 3,888 riel

Cambodian Prime Minister Hun Sen said Wednesday that the government would intervene to stem the riel’s sharp rise against the US dollar in recent days. “The Cambodian riel has been rising for several days,” he told a land-distribution ceremony in Oral district in Kampong Speu province, ...

http://www.asianewsnet.net/home/news.php?sec=1&id=38887

Top Hotels Fully Booked Ahead of East Asia, Asean Summits

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...

http://www.cambodiadaily.com

Myanmar Airways flights to Cambodia to take off again

Myanmar Airways International (MAI) will resume its regular flights between Yangon and Cambodia’s two main international airports in early December after they were suspended for about three months. MAI started a twice-weekly schedule to Siem Reap in late February, but suspended the route over the last ...

http://www.phnompenhpost.com/index.php/2012111559748/Business/myanmar-airways-flights-to-cambodia-to-take-off-again.html

Printing industry growing in the region

The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...

http://www.phnompenhpost.com/index.php/2012111559747/Business/printing-industry-growing-in-the-region.html

Before Obama visit, Cambodians clear streets -- or take to them

As Barack Obama prepares for the first visit by a United States president to Cambodia this month, the country is reportedly preparing for him too — by hiding street children from sight in Phnom Penh While the government has tidied its streets, protesters have begun camping ...

http://By Emily Alpert

Regus Opens in Cambodia, Expands Footprint to 99 Countries

Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...

http://www.timescolonist.com/business/Regus+Opens+Cambodia+Expands+Footprint+Countries/7550616/story.html

Cambodia's Parliament Ratifies Conventions On Nuclear Safety

The National Assembly of Cambodia on Wednesday ratified two international conventions on Early Notification of a Nuclear Accident or Radiological Emergency and Nuclear Safety to maintain security and prevent nuclear proliferation. “Cambodia has neither nuclear power plant nor chemical weapon plant; Cambodia is a country ...

http://www.bernama.com.my/bernama/v6/newsindex.php?id=709118

NGOs Harassed Ahead of Summit

Cambodian authorities have disrupted several events held by nongovernmental organizations and have threatened to arrest anyone holding protests ahead of sensitive regional summits to be held in the capital Phnom Penh, rights groups said Wednesday. The Independent Democracy of Informal Economic Association (IDEA) said authorities in ...

http://www.rfa.org/english/news/cambodia/disrupted-11142012183518.html

High hopes for regional pact

Businesses hailed the government’s planned rice trade partnership with Cambodia, Laos, Myanmar and Vietnam, but warned any effort to jointly fix prices would not be easy. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said it would be great if Thailand could share information ...

http://www.bangkokpost.com/business/economics/321115/high-hopes-for-regional-pact

Corruption Continues To Stymie Development, Transparency Advocate Says

Corruption remains a major impediment to Cambodia’s development, but the systemic practices associated with it can be curbed if the government takes serious action, a transparency advocate says. Preap Kol, executive director of Transparency International Cambodia, told VOA Khmer in a studio interview recently that Cambodia ...

http://www.voacambodia.com/content/corruption-continues-to-stymie-development-transparency-advocate-says/1545041.html

Trade Reached $11.17B In First Ten Months

Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...

http://www.cambodiadaily.com

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