News
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
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 ...
On Eve of Visit, Obama Faces Asean Challenges, New China Leader
Newly re-elected US President Barack Obama will attend a series of top-level Asian meetings next week, with Cambodia hosting an Asean summit, and China in attendance with new leadership. The high-profile meetings will present challenges for the US president, whose administration has become more deeply ...
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 ...
ADB ups support for region’s trade finance
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between ...
July’s Failure Looms as Cambodia Prepares for Major Regional Summits
As Cambodia prepares to host a series of top-level meetings in Phnom Penh next week, questions remain over how it will approach major issues such as the South China Sea. Analysts now say next week’s meeting will be a test of whether Cambodia will continue ...
http://www.voacambodia.com/content/july-failure-loos-over-asean-summit/1545084.html
Thailand promoted as Asean insurance hub
The World Bank and Japan will promote Thailand as the insurance centre of the Association of Southeast Asian Nations (Asean) to help develop the industry in neighbouring countries and provide professional services to the more advanced economies. The move is also expected to upgrade the insurance ...
http://www.nationmultimedia.com/business/Kingdom-promoted-as-ASEAN-insurance-hub-30194268.html
Cambodian Economy Hurt by Land Evictions
Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...
Cambodia's oil imports rise
Cambodia imported approximately 1.2 billion tonnes of petroleum in the first nine months of the year, up 12.51 per cent from the 1.1 billion tonnes in the same period last year, statistics from the Ministry of Commerce showed last week. From January to September, Cambodia bought ...
http://www.phnompenhpost.com/index.php/2012111459729/Business/cambodias-oil-imports-rise.html
Southern provinces important to trade with Cambodia
More than 50 businesses from Vietnamese and Cambodian districts met in the Mekong Delta province of An Giang to discuss how to improve investment cooperation, expand the market and increase exports into Cambodia . According to Deputy Director of the Dong Nai provincial Department of Industry ...
http://english.vietnamnet.vn/fms/business/52377/business-in-brief-13-11.html
Govt okays 5-nation rice trade zone
The cabinet yesterday approved the Commerce Ministry’s plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices According to a source at the Commerce Ministry, the rice trade zone project will begin with Cambodia and will involve rice ...
http://www.bangkokpost.com/news/local/320895/govt-okays-5-nation-rice-trade-zone
Obama Urged to Address Rights Issues During Cambodia Visit
Some of the U.S.’ most senior lawmakers are urging Barack Obama to speak out on what they called Cambodia’s deteriorating human rights situation when the U.S. president makes what will be the first visit to the country by a sitting American leader later this month. ...
http://www.cambodiadaily.com/news/obama-urged-to-address-rights-issues-during-cambodia-visit-5555/
Japanses Police Arrest Ten for Defrauding Investors
Tokyo police arrested 10 Japanese nationals earlier this month for allegedly defrauding more than 1,000 investors out of $20 millions using fictitious investment projects in Cambodia, according to Japanese media reports. “The Metropolitan Police Department found no evidence that the amount of money raised was ...
From Alibaba, a Trove of Cambodian Treasures
From large tracts of rural land to sand from the country’s rivers to human hair, a host of Cambodia’s natural resources are on display in the shop window of China’s largest online trading website. Alibaba.com – which claims more than 80 million users worldwide and is ...
http://www.cambodiadaily.com/business/from-alibaba-a-trove-of-cambodian-treasures-5698/
Visa agreement gets delayed
DESPITE some reports, Cambodian officials said Cambodia and Thailand have not yet set a date for implementing the Irrawaddy-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) single visa. Koy Kuong, spokesman for the Ministry of Foreign Affairs and International Cooperation, said a single visa scheme for all five ...
http://www.phnompenhpost.com/index.php/2012111359702/Business/visa-agreement-gets-delayed.html
Laos hydro dam upsets Mekong River neighbors
Laos began construction last week on a multi-billion dollar hydro dam project that is opposed by other countries along the Mekong River, and activists who say the project will significantly impact the environment and the economies of four countries that rely on the river for ...
Insight: Land conflict, impunity dims Cambodia's awakening
Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. ...
http://www.reuters.com/article/2012/11/12/us-cambodia-protests-idUSBRE8AB17J20121112
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Hanging by a Thread
Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...
http://www.bangkokpost.com/business/economics/320823/hanging-by-a-thread
Cambodia: shrinking forests breed violence
Hang Serei Oudom told his 7-month pregnant wife that he was going out to meet a source. A journalist for Vorakchun Khmer Daily, he was investigating illegal logging for luxury woods in the jungles of Cambodia’s northeastern Ratanakkiri province. Three days later, on Sept. 11, he ...
Ratings Agency Retains Stable Growth Outlook for Cambodia
Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. “Economic output growth is vulnerable due to the still large ...
Decorative plants are more popular than ever, but most are imported
Sar Botra has always liked gardening. The front yard of his house, an explosion of flowers and plants, makes it clear that he’s got a very green thumb. He used to spend a lot of time with his plants after work or on the weekends, ...
Obama steers US towards focus on Asia
On his first foreign trip since Tuesday’s election, US President Barack Obama is planning a historic visit to encourage reforms in Myanmar – seen as a key success during his first term – and he’ll also go to Thailand and Cambodia. Secretary of State Hillary Clinton ...