News

Cambodia ratifies agreement on visa exemption for Asean nationals

The Royal Government of Cambodia has deposited their instrument of ratification to the Association of Southeast Asian Nations (Asean) Framework Agreement on visa exemption for Asean nationals last week with Surin Pitsuwan, secretary-general of Asean, in accordance with the Article 8 of the agreement The agreement ...

http://www.pia.gov.ph/news/index.php?article=2101350375425

Security puts construction on hiatus

Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence. “Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our ...

http://www.phnompenhpost.com/index.php/2012101259270/National-news/security-puts-construction-on-hiatus.html

Migrant worker policy set to change: ministry

The Cambodian government has developed six prakases related to a controversial sub-decree that regulates the recruitment of migrant workers, but it cannot yet release the details, a Labor Ministry official said yesterday. On the sidelines of an ASEAN meeting in Siem Reap aimed at curtailing migrant worker abuses, Seng Sakada, ...

http://www.phnompenhpost.com/index.php/2012101159236/National-news/migrant-worker-policy-set-to-change-ministry-says.html

Thailand Urges Cambodia To Consult Asean On Nuclear Power Project

Thai Army Chief General Prayuth Chan-ocha has called on neighbouring Cambodia to consult with member countries of the Association of Southeast Asian Nations on its reported plan to develop a nuclear power project. General Prayuth said the Cambodian nuclear power project has “pros and cons” ...

http://www.bernama.com/bernama/v6/newsindex.php?id=700827

PM mocks pay-rise promises

Prime Minister Hun Sen mockingly declared that opposition pledges to increase the salaries of civil servants marked the arrival of “the season of promises” ahead of next year’s elections, during a speech yesterday. The premier deemed boosting salaries by reducing tax losses attributed to graft unfeasible  because ...

http://www.phnompenhpost.com/index.php/2012101059220/National-news/pm-mocks-pay-rise-promises.html

The arrival of the ASEAN Economic Community will likely be delayed

ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...

Malaysia - Cambodia trade increases

More than 24,000 Cambodians visited Malaysia during the first half of 2012, while Malaysian arrivals to Cambodia numbered 54,000, an increase of 11.1 per cent compared with the same period in 2011.   Ambassador Hussein’s remarks came during the the first three-day Malaysia Travel and Shopping ...

http://www.phnompenhpost.com/index.php/2012092458862/Business/malaysia-cambodia-trade-increases.html

Number of outbound travelers jumps

The number of Cambodian outbound travelers increased by 27 percent to 445,020 in the first seven months of this year from 357,050 during the same period last year, according to data from the Tourism Ministry. Ang Kim Eang, president of the Cambodia Association of Travel Agents, ...

http://etmcambodia.com

CIMBT expands intra-Asean ATM service

CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed at improving service and cost efficiency as a part of the CIMB Group’s regional strategy. Executive vice-president Dusanee Klewpatinontha said Cambodia has ...

http://www.bangkokpost.com/business/economics/312275/cimbt-expands-intra-asean-atm-service

Secretary-General Says Asean to Delay Start of Economic Union

The plan to create an economic union in the Association of the Southeast Asian Nations (Asean) will likely see a delay of a year, Asean Secretary-General Surin Pitsuwan said at the meeting of the bloc’s energy ministers in Phnom Penh. During the meeting, Mr. Surin said ...

South China Sea outlook

The disputes over sovereignty in the South China Sea are approaching a tipping point. As former ASEAN secretary-general Rodolfo Severino said last month: “The disputes cannot be resolved anytime soon, if at all. The most that can be done is to prevent them developing into armed ...

http://www.mmtimes.com/2012/news/643/news05.html

Backgrounder: Operating, negotiating FTA agreements with APEC economies

Member economies of the Asia-Pacific Economic Cooperation forum (APEC) are striving to forge a regional free trade facility to be known as FTAAP (Free Trade Area of Asia-Pacific) AFTA (ASEAN Free Trade Area) – signed in January of 1992, it covers all 10 ASEAN members of ...

http://www.dap-news.com/en/index.php?option=com_content&view=article&id=9548:-backgrounder-operating-negotiating-fta-agreements-with-apec-economies&catid=1:local-news&Itemid=18

ASEAN forum to tackle migrant worker safety

One of the biggest challenges to protecting Cambodian migrant workers is the sheer distance between their homeland and the countries they are working in, Ministry of Labour officials said yesterday. A pattern has emerged in which brokers lure more and more Cambodians away from traditional border-country ...

http://www.phnompenhpost.com/index.php/2012090558500/National-news/asean-forum-to-tackle-migrant-worker-safety.html

China Gives $523M, Thanks Cambodia for Asean Help

Prime Minister Hun Sen returned home yesterday from a quick trip to Beijing with the promise of some $523 million in new loans and grants, one day after Chinese Prime Minister Wen Jabao praised Cambodia for helping China maintain “friendly relations” with Asean. Speaking with ...

China gives Cambodia aid and thanks for ASEAN help

China has pledged more than $500 million in soft loans and grants to Cambodia and Prime Minister Wen Jiabao thanked it for helping Beijing maintain good relations with the regional grouping ASEAN, a Cambodian junior minister said. A summit of the 10 members of the Association ...

http://www.reuters.com/article/2012/09/04/cambodia-china-idUSL4E8K41I320120904

ASEAN push for integration

ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015. Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting ...

http://www.phnompenhpost.com/index.php/2012090358439/Business/asean-push-for-integration.html

US firms suggest ASEAN improve financial services

Although US businesses across ASEAN have expressed a positive investment outlook towards Cambodia and the other members of the regional group, they are unsure of how to take advantage of the free-trade agreement with China, insiders said at the first-ever ASEAN-US Business Summit, which kicked ...

http://www.phnompenhpost.com/index.php/2012083158399/Business/us-firms-suggest-asean-improve-financial-services.html

Diplomats Continue Writing Letters of Complaint Over Asean

Nearly two months after the 45th Asean Foreign Ministers Meeting concluded with ministers failing to issue a joint communique for the first time in the block’s history, Cambodia remains on the defensive, this week disseminating yet another agressive letter to the editor of a regional newspaper. In a ...

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