News
England Promises to Invest US$ 2.22 Billion in Cambodia
England promised to invest in Cambodian around US$ 2.22 billion make total investment projects in country during 7 month of the year increased up to US$ 5.5 billion, Council for Development of Cambodia (CDC)’s reported to the media. According to the report, in the first ...
U.S.-Cambodia Looking for Investment Possibilities to Boost Economic Ties
Phnom Penh– A group of U.S. investors from the U.S.-ASEAN Business Council on Thursday visited Cambodia to observe investment opportunities and to boost trade and investment ties between U.S. and ASEAN member countries. The group consisted of 11 U.S. firms led by Frances Zwenig, the Counselor ...
Hands-on contest a hit in Cambodia
Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...
Capital’s growth pushes housing demand
Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip Seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ...
Tourism stronger than predicted
The Kingdom’s tourism industry this year will perform much better than the government expects thanks in part to Cambodia’s growing popularity as a vacation destination, investment firm Cambodia Capital has said. Total tourist arrivals to Cambodia for 2011 will reach 2.85 million, while total revenues ...
http://www.phnompenhpost.com/index.php/2011090151407/Business/tourism-stronger-than-predicted.html
Fainting factory told to act
Another garment factory within the International Labour Organisation’s Better Factories program was hit by a mass fainting incident yesterday. More than 50 employees of Heart Enterprise (Cambodia) Co Ltd began collapsing soon after starting their shift at the facility, in Phnom Penh’s Dangkor district. An ...
http://www.phnompenhpost.com/index.php/2011090151398/National-news/fainting-factory-told-to-act.html
Climate Change Poses Major Threat to Cambodia’s Rural Poor
The Cambodian economy faces major problems for its predominantly rural population in the event of more erratic climate shifts, according to the United Nations Development Programme’s 2011 Cambodian Human Development Report. “This is an agrarian economy that depends very much on weather. And we are among the ...
‘Rice Dubai 2011’ Sees Dubai as Thriving Re-export Market
DUBAI — The Founding Committee of Rice Dubai 2011 is led by a businessman in Dubai, Dr Faisal Ali Mousa who will lead a core delegation to Cambodia in the first week of September to explore the possibilities of the Royal Government of Cambodia entering ...
Suthep Denies Secret Talks With P. Penh Negotiations Stalled Over Marine Oil, Gas
Democrat MP for Surat Thani Suthep Thaugsuban denies he held secret talks with Cambodian officials about oil and gas interests in the overlapping marine area during the tenure of the Democrat-led government. Mr Suthep, a former deputy prime minister, conceded yesterday he met Cambodian Deputy Prime ...
http://www.bangkokpost.com/news/local/254429/suthep-denies-secret-talks-with-p-penh
'Land Grabs' Mar Cambodia's Boom, Rattle Investors
Phnom Penh–Kong Song’s farmland was his family’s livelihood for three decades until the bulldozers moved in and tore down his home in rural Cambodia to make way for a multimillion dollar foreign-led business. His family was one of 253 forcibly evicted five years ago in southern ...
http://www.reuters.com/article/2011/09/01/cambodia-evictions-idUSL3E8JD2DV20110901
Cruise Ship Arrivals Dip 31% in First Half
The number of visitors arriving by cruise ship in Sihanoukville dropped steeply in the first six months of the year compared to the same period last year, a Tourism Ministry official said yesterday. A lack of attractions in Sihanoukville and high visa fees were keeping ...
At Least 50 Garment Workers Faint Over Two Days
At least 50 garment factory workers fainted over the past two days in Phnom Penh’s Dangkao district, bringing the number of workers who have fainted in the district in August to 60, workers and union members said yesterday. N Tuesday, workers from Heart Enterprise Cambodia ...
Tensions cause drop in ASEAN imports
Tensions with Thailand led to a 10-percent decline in imports from ASEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported US$810.9 million during the six-month period compared to $904.9 million during the period ...
Sihanoukville flight claims
Two airlines plan to begin regular flights between the tourist towns of Siem Reap and Sihanoukville this year, officials said yesterday. Cambodia Angkor Air aims to begin its regular flights by December, though may delay into 2012 if necessary, said Office of the Council of ...
http://www.phnompenhpost.com/index.php/2011083151357/Business/sihanoukville-flight-claims.html
Minister seeks funds for climate change
Finance minister Keat Chhon yesterday identified reforming the management of natural resources as a priority in the government’s efforts to reduce poverty. Keat Chhon also called on wealthier nations to help fund climate change-related projects in developing nations like Cambodia. Minister of Environment Mok Mareth said ...
Huge swaths of flooded forest protected by decree
Almost 650,000 hectares of ecologically-rich flooded forest surrounding the Tonle Sap lake has been protected by a sub-decree signed by Prime Minister Hun Sen on Monday. The 647,406 hectare area spans sections of Kampong Chhnang, Pursat, Battambang, Banteay Meanchey, Siem Reap and Kampong Thom provinces. ...
Oil dispute flares up
Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday. In a statement some commentators described as “coordinated attack” by ...
http://www.phnompenhpost.com/index.php/2011083151353/Business/oil-dispute-flares-up.html
Foreign Ministry is ready to talk with Cambodia over overlapping sea area
Bangkok–Secretary General to the Foreign Minister Mr. Nawin Boonsert said the negotiation over the overlapping sea area between Thailand and Cambodia would be clarified once the Cabinet was clear on its agenda. Following Cambodia’s Petroleum Organization expressing intention to clarify the demarcation points in the sea ...
Cambodia Welcomes Thai Talks Over Waters
Cambodia’s petroleum authority yesterday announced that it would like to renew discussion with Thailand in order to find a solution over disputed waters in the Gulf of Thailand widely believed to hold large quantities of oil and gas. Negotiations over how to split revenue from ...
Unclean Water Costs $450M A Year, New UN Report Says
Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...
Land Concessionaire Gives $130,000 to Officials
Businessman Try Pheap, who in recent months received large-scale economic land concessions in Boeng Per Wildlife Sanctuary in Preah Vihear province, has donated $130,000 to the sanctuary’s environmental management and the local CPP office, officials said yesterday. Recipients of the funds denied that there was ...
UN Climate Change Report Finds Cambdia Ill-Prepared
The first-ever report on the direct effect of climate change on Cambodia’s population was launched yesterday in Phnom Penh, highlighting significant flaws in the country’s ability to deal with future health, finanace and food supply issues. The UN Development Program’s Cambodia Human Development Report 2011, ...
Rice Grower to Set Up Farms in Cambodia and Myanmar
Hybrid rice producer SL Agritech Corp. plans to set up a plantation in Cambodia via a joint venture instead of shipping out produce from its Philippine farms, a ranking official said last week. “We are looking at starting the shipment of seeds to Cambodia and to ...
Tourism numbers rise by 14 per cent
The number of foreign tourists visiting Cambodia through July climbed 14 per cent year-on-year, with the most arrivals coming from Vietnam, South Korea and China, according to the latest Ministry of Tourism figures. Improved transportation, greater promotion of the Kingdom to world markets and widely ...