News

Economic growth in Cambodia is estimated to reach 6.7 percent this year, a 0.2 percent drop compared with 2011, the U.N. said in a report released on Friday, citing a modest slowdown in exports from Cambodia to the U.S. and Europe. In its Economic and Social ...

The Philippines may decide to choose Cambodia to supply some of the rice it needs to boost its buffer stocks, Agriculture Secretary Proceso Alcala said on Friday. Alcala said the government still has to buy 120,000 metric tons of rice to fill the 500,000 metric tons ...

One of the first things UN Special Rapporteur Surya Subedi did on his week-long fact-finding mission in Cambodia was visit the grave of slain environmentalist Chut Wutty. It wasn’t on the itinerary, but Subedi, rapporteur on the situation of human rights in Cambodia, said he wanted ...

The general manager of Cambodian mobile operator Beeline has left the company, following brand-owner Vimpelcom’s selloff of Vietnamese assets and a more than US$500 million over-valuation of its Cambodia and Vietnam markets. General manager Gael Campan’s departure raised questions about Amsterdam-based Vimpelcom’s future in the Kingdom, ...

Frontier and emerging economies such as Cambodia present companies with a specific set of challenges and risk, both real and perceived, beyond those found in more developed markets. A risk category getting ever- increasing attention is that of “social risk”, roughly defined as the risk of ...

Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The Switzerland-based Basel Institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ...

A French doctor established International SOS between Jakarta and Singapore 27 years ago. The company conducted emergency airlifts for patients to Singapore due to the lack of quality health services available in Indonesia at the time. The French-owned company now has a presence in 74 countries ...

Displaced villagers from two Phnom Penh neighborhoods on Wednesday submitted a petition to the UN’s human rights envoy, who is in Cambodia on a routine fact-finding mission. The envoy, Surya Subedi, was visiting the Phnom Penh eviction site of Borei Keila ...

The Cambodia representative for the world’s largest shipping company said exports from Cambodia to Europe grew by more than 60 per cent during 2011, but have since weakened. “Rice exports grew a lot during 2011 and a lot of it went to Poland and France,” ...

It’s been done numerous times, comparing the “China miracle” to its emerging and frontier neighbours as a benchmark for development. Cambodia might seem an ill-fitted student of the world’s second-biggest economy. But a recent report from the Cambodia Development Resource Institute pointed to some lessons the Kingdom ...

The ASEAN Infrastructure Fund, the largest pooling of financial resources among Southeast Asia’s 10-member bloc, held its first board meeting in Manila last week, but the extent to which Cambodia will borrow from the non-concessional fund has yet to be determined, experts said. ASEAN countries and ...

Entertainment Gaming Asia, an American Stock Exchange-listed company with a regional presence in both Cambodia and the Philippines, will launch its Dreamworld Casino in Pailin province on Wednesday, according to a company statement. ...

The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom. Sony Corp, which took part in the eighth annual expo for the first time this year, set ...

PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...

Vietnamese tourists ranked top among foreign visitors to Cambodia in the first three months this year. According to data released by the Cambodian Tourism Ministry, 179,000 Vietnamese tourists visited Cambodia from January to March, accounting for 18 per cent of total foreign arrivals. ...

The Ministry of Interior, jointly with the Ministry of Telecommunications has issued an inter-ministerial directive that requires telecom service providers to strictly check the identity information of their subscribers and users to take part in eliminating telecommunication crimes after the criminals used this high technology to kidnap and committed the serious crimes and difficulties of seeking ...

Cambodia has been rebuilding after recently being hit by devastating floods that affected over one million citizens. These sudden natural disasters are tough to predict but the United Nations believes that more needs to be done to limit their impact. The BBC’s correspondent in Cambodia, Guy De ...

The chevron oil company announced it is not ready to pump offshore oil in Block A in Cambodia. Mr. Steve Glick, Chevron President said: “the company is not ready to pump oil in Block A offshore Cambodia on the set-date of December 2012, complaining that more tasks need to be completed, but expressed ...

Viet Nam and Cambodia have jointly launched a Superhighway Telecom Network which is expected to improve internet and telecommunication services in Cambodia and meet customer demands. State-owned Viet Nam Telecom International (VTI) and Telecom Cambodia (TC) inaugurated the 260-km link, which connects VTI’s POP (Point of Presence) in Phnom Penh to HCM City, last Friday. ...

The value-added textile sector, as the garment sector is called in Pakistan, has chosen Cambodia as an alternative destination for relocating their manufacturing units, owing to continued electricity and gas supply problems in the country. The power and gas shortage is affecting productivity in Pakistan’s apparel sector, which in turn, is affecting the sector’s exports. ...

Government officials have joined forces with Japanese experts to formulate a new plan for economic diversity in Cambodia. Foreign direct investment in Cambodian industry has largely gone to garment manufacturing during the past 10 years, putting the country at risk of economic shock in the event ...

Protests over construction of the controversial Xayaburi hydro dam project in northern Laos could spread from Thailand to Cambodia as communities along the Mekong River begin to feel its negative effects, an International Rivers programme director said yesterday. About 70 Thai villagers who rely on the ...

Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse. State-owned Phnom Penh Water Supply Authority (PPWSA) will start trading ...

Thai and Cambodian foreign affairs officials have pledged to step up their efforts to stem the fatal shooting of Cambodians who illegally cross the border into Thailand to cut down rosewood trees, which fetch thousands of dollars per cubic meter on the black market. At a ...