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Thailand News: Failure to join CLMV could cost millions

Thailand has to revise its strategy concerning a regional single visa scheme, or it could lose millions of tourists to neighboring countries, which are kicking off the “CLMV Single Visa” next year without the Kingdom’s participation. Five countries – Thailand, Laos, Vietnam, Cambodia and Myanmar – ...

http://www.phuketgazette.net/thailandnews/2012/Thailand-News-Failure-to-join-CLMV-could-cost-millions-18014.html

Cambodia lures foreign investors in Thailand

Cambodia is trying to attract foreign investors with manufacturing bases in neighbouring countries, with promises their factories would be safer from flooding. The Phnom Penh Post reported that Commerce Minister Cham Prasidh is appealing to foreign investors with production bases in neighbouring countries, particularly Thailand, to ...

http://www.bangkokpost.com/news/asia/314346/cambodia-tempts-investors-from-neigbours

World Bank urges government to accelerate reforms

The World Bank urged the Cambodian government Wednesday to accelerate reforms while taking a participatory approach to its National Strategic Development Plan. Speaking at a meeting of the Development Partner Coordination Committee, World Bank Country Director Annette Dixon congratulated the government on its current development plan ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=N2UxZWMzOTI4YmIwMjQ2YWFlOTI5MDNiM2Q5NWY3

Cambodia's Angkor Wat Temple attracts 1.36 mln foreign visitors in 8 months, up 31%

About 1.36 million international tourists visited Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, in the first eight months of this year, a 31 percent rise compared with 1.04 million during the same period last year, a report of Siem Reap provincial tourism ...

http://news.xinhuanet.com/english/culture/2012-09/26/c_131874967.htm

AOS to extend reach with Cambodia, Singapore offices

MALAYSIA’S leading inbound tour operator Asian Overland Services (AOS) Tours & Travel has unveiled plans to expand regionally to provide customer support for its online B2B portal, aosclick.com, which has been recording double-digit growth since its 2009 launch. Two overseas offices will be established in Cambodia ...

http://ttgasia.com/article.php?article_id=4481

GO Communications snaps up Cambodia's Active Event Management

Malaysia-based GO Communications Group has acquired Active Event Management, one of the leading public relations and events agencies in Cambodia. The 100-per-cent buy-out follows the group’s signing of a partnership agreement with leading Thai PR agency DC Consultants in May. Danai Chanchaochai, CEO of DC Consultants, said ...

http://www.nationmultimedia.com/business/GO-Communications-snaps-up-Cambodias-Active-Event--30191090.html

Dell announces two new services for IT firm's enterprise clients

Dell Corporation (Thailand) has announced two new services to support enterprise customers and expects them to be key for potential business in the near future Dell services now come with global support and deployment, providing onsite service, customisation and outsourcing. Its infrastructure and cloud unit offers ...

http://www.nationmultimedia.com/business/Dell-announces-two-new-services-for-IT-firms-enter-30191061.html

Reluctance to join single-visa scheme could prove to be costly

Thailand has to revise its strategy concerning a regional single visa scheme, or it could lose millions of tourists to neighbouring countries, which are kicking off the “CLMV Single Visa” next year without the Kingdom’s participation. Five countries – Thailand, Laos, Vietnam, Cambodia and Myanmar – ...

http://www.nationmultimedia.com/business/Reluctance-to-join-single-visa-scheme-could-prove--30191048.html

Global financial crisis threatens progress of least developed countries - UN report

The ongoing financial crisis and weak global economic growth have hampered development in the world’s poorest nations, a U.N. report has warned, adding that half of the world’s least developed countries now risked missing their development goals. The Enabling the Graduation of LDCs report, produced ...

http://app.com.pk/en_/index.php?option=com_content&task=view&id=209427&Itemid=2

Japan to build $200 m shopping mall in Cambodia

AEON Mall, a Japan’s single-largest shopping mall developer and the largest retailing operator, will invest $200 million to build a four-storey shopping mall here in December, Cambodian Prime Minister Hun Sen said Tuesday. The construction will be begun on December 10, 2012 on the land area ...

http://www.globaltimes.cn/content/735229.shtml

Southeast Asian scientists look to reinvent the flush toilet

Scientists in Bangkok are about to start work on a new flush toilet especially designed for the urban poor in Thailand, Cambodia and Vietnam. Their aim is to create a toilet that will process wastewater in family homes and convert it into gas or electricity, ...

http://www.trust.org/alertnet/news/southeast-asian-scientists-look-to-reinvent-the-flush-toilet

Citibank (NYSE:C) sees business opportunities in Cambodia

Citibank, one of the largest banks in the United States and the World, is seeking for investment opportunities in Cambodia, a bank senior official said Tuesday. During a meeting with Cambodian Deputy Prime Minister and Finance Minister Cambodian Keat Chhon on Tuesday afternoon, Darren Buckley, country ...

http://www.livetradingnews.com/citibank-nysec-sees-business-opportunities-in-cambodia-87222.htm

Cambodian king visits Vietnam to cement bilateral ties

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm

Thailand's Khon Kaen sees double-digit revenue growth next year

Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...

http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924

Malaysian company buys Cambodian advertisement agency

Go communication Group of Malaysia bought all shares of Active Event Management, advisement agency in Cambodia but it keeps all staff and management team for the agency. The announcement was made in the meeting under witness of information minister H.E Khieu Kanharith, he is also spokesman ...

http://thesoutheastasiaweekly.com/?p=4534

Talks under way to source maids from Cambodia

TALKS are under way to bring in Cambodian maids to help offset the shortfall in domestic workers from Indonesia. The Ministry of Manpower (MOM) is looking to make Cambodia an approved source country for domestic workers in Singapore and will make a decision soon. Association of Employment ...

http://thestar.com.my/news/story.asp?file=/2012/9/23/asia/12069202&sec=

‘Tourism, Dynamic Area In Economic Sector’

Rita O’ Sullivan, ADB Country Director Tourism is a dynamic component in the economic sector. In the Greater Mekong Sub Region – Thailand, Myanmar, Laos and Cambodia – bound together by the Mekong River, the tourism industry is a driving force, says Rita O’ Sullivan, ...

http://www.thesundayleader.lk/2012/09/23/tourism-dynamic-area-in-economic-sector/

The bank that likes to say less: Cambodia’s greatest commercial success story is not over yet

AN HOUR’S drive south of Phnom Penh, deep in rural Cambodia, Chrek Heang is doing the rounds of his rapidly expanding poultry and fisheries business. Just four years ago he was living, like most of his countrymen, in a small wooden hut with a tin ...

http://www.economist.com/node/21563302

Fair facilitates economic ties with Cambodia

A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...

http://vietnamnews.vnagency.com.vn/Economy/230445/fair-facilitates-economic-ties-with-cambodia.html

Activists Stage Flash “Faint-Ins” at H&M, Gap to Protest Sweatshop Conditions

Dozens of human-rights activists are staging flash “faint-ins” at high-street retailers across Europe to illustrate the high incidence of mass fainting in Cambodia’s apparel factories. Protestors from the Clean Clothes Campaign, an alliance of organizations in 15 European countries dedicated to improving working conditions in ...

http://www.ecouterre.com/activists-stage-flash-faint-ins-at-hm-gap-to-protest-sweatshop-conditions/

Cambodian PM: Poverty reduction target may hit 2 years earlier

Cambodia is expected to achieve the Millennium Development Goal (MDG) in poverty reduction two years earlier than the UN-imposed target, Prime Minister Hun Sen said Friday. According to the UN MDG, Cambodia is set the target to reduce poverty rate to 19.4 percent by 2015, meaning ...

http://news.xinhuanet.com/english/world/2012-09/21/c_131865877.htm

CP Group plans more investment in Indochina

Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from ...

http://www.nationmultimedia.com/business/CP-Group-plans-more-investment-in-Indochina--30190834.html

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