News
Cambodia’s low wages lure manufacturers away from China, other countries
Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is one of many businesses that have ...
Fixed-line internet providers see growth
Despite the spread of web-enabled smartphones and tablets in Cambodia, internet service providers expected the number of fixed-line applications to grow, two industry insiders said yesterday. “With the advent of tablets and faster smartphones, it’s inevitable that people will use their devices more and more for ...
http://www.phnompenhpost.com/2013010760646/Business/fixed-line-internet-providers-see-growth.html
Kathmandu listed in Top10 places to visit in 2013
Worldwide renowned travel advisory website–the tripadvisor.com–has listed Nepali capital Kathmandu in its top 10 best places to visit in Asia. While Siem Reap of Cambodia topped the chart, China’s Beijing and Shanghai cities hold the respective second and third best places to travel in the ...
http://news.xinhuanet.com/english/travel/2013-01/07/c_132085140.htm
Banks give students some tips
The first Banking Careers Forum, organised on Friday by CamEd Business School with the support of leading banks and Micro Finance Institutions (MFIs), attracted hundreds of students – the majority of them studying accounting and banking – to participate and find job opportunities in the ...
http://www.phnompenhpost.com/2013010760648/Business/banks-give-students-some-tips.html
Wage hike forces Thai firms hire Cambodians
Thai factories have opted to hire Cambodian workers under a memorandum of understanding between Cambodia and Thailand after the Bt300 minimum wage policy came into effect for Thai workers across the country. A total of 154 Cambodians – 118 men and 36 women – with work ...
http://www.nationmultimedia.com/national/Firms-hire-Cambodian-workers-under-MoU-30197348.html
US Seeks Stronger Ties After Obama Visit
The United States is looking forward to making sure the US-Cambodian relations grow stronger after the visit of US President Barack Obama to Cambodia in November, according to US Embassy spokesman Sean McIntosh. In a recent interview with VOA Khmer, McIntosh said Obama has decided to ...
http://www.voacambodia.com/content/us-seeks-stronger-ties-after-obama-visit/1577161.html
Cambodia’s Economic Challenge
Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...
http://thediplomat.com/2013/01/03/cambodias-failed-trickle-down-economy/
Cambodia wins awards
The real estate and construction industry in Cambodia has been boosted recently after two companies won prestigious awards for their work in the Kingdom. Vattanac Capital walked away with the prize for Best Commercial Development (South East Asia) for the Vattanac Capital Tower at the second ...
http://www.phnompenhpost.com/2013010360594/Real-Estate/cambodia-wins-awards.html
Cheng Keng becomes president of estate agents association
Cheng Kheng, director of the CPL real estate company, has been elected to be president of the Cambodian Valuers and Estate Agents Association in 2013, after Sung Bonna, director of the Bonna Realty Group, ended his 2012 term. ...
Vietnam raises minimum pay
A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. “The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...
Ha Tien Vegas Casino closes due to bankruptcy
Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...
Thai envoy vows to deepen ties with Cambodia in all fields
Newly-designated Thai ambassador to Cambodia Touchayoot Pakdi pledged on Wednesday to strengthen and deepen bilateral ties and cooperation with Cambodia in all fields for both sides’ mutual benefits. Speaking at a meeting with Cambodian deputy Prime Minister and Foreign Minister Hor Namhong, the ambassador asserted that ...
http://news.xinhuanet.com/english/world/2013-01/02/c_132076641.htm
Cambodia-Vietnam trade, investment see marked rises in 2012
Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...
http://news.xinhuanet.com/english/world/2012-12/29/c_132070890.htm
Thai-Cambodian single visa to commence Thursday
Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...
Single visa with Cambodia to be discussed
Foreign Minister Surapong Towichukchaikul and his Cambodian counterpart Hor Namhong will co-chair the meeting in Bangkok on Tuesday and Wednesday to discuss several issues, including the single-visa initiative. The idea of a joint visa for visitors to both Thailand and Cambodia has been mooted as a ...
http://www.nationmultimedia.com/politics/Single-visa-with-Cambodia-to-be-discussed-30196550.html
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...
http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm
Cambodia reports strong October travel
International arrivals to Cambodia bounced back in October with a growth of 20% after a below average performance in the third quarter. Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 24.8% to 290,959 during October. The percentage increase for 10 months lifted ...
http://www.ttrweekly.com/site/2012/12/cambodia-reports-strong-october-travel/
Single visa test-run
A single visa for Thailand and Cambodia is ready for launch 27 December at all of the countries’ consulates and embassies. It is a test phase of a wider project called ACMECS Single Visa (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) involving Thailand, Laos, Vietnam, Cambodia, and ...
New species, old threats to wildlife: WWF
From a devilish-looking bat to a frog that sings like a bird, scientists have identified 126 new species in the Greater Mekong area, the WWF said Tuesday in a new report detailing discoveries in 2011. But from forest loss to the construction of major hydropower projects ...
Thai-Cambodia buses ready to roll
Thailand and Cambodia will launch the first bus services linking Bangkok with Siem Reap and Phnom Penh in the next two weeks. The first bus service between the two countries will debut on Dec 29, said The Transport Co, a state enterprise under the Transport Ministry. The ...
http://www.bangkokpost.com/breakingnews/326227/thailand-to-launch-bus-routes-to-cambodia
PAL seeks CAB green light for flights to Turkey, Kuwait, Cambodia
Flag carrier Philippine Airlines is eying flights to Kuwait, Turkey, and Cambodia starting next year amid its refleeting and expansion program, the Civil Aeronautics Board said Wednesday. PAL has filed petitions with the industry regulator for flights to Istanbul in Turkey, Phnom Penh in Cambodia, and ...
Cambodia's central bank launches national clearing system
The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...
http://news.xinhuanet.com/english/world/2012-12/12/c_132036029.htm
ADB - Asian Development Bank : Greater Mekong Ministers to Review New Phase of Development Priorities
Ministers from the Greater Mekong Sub-region (GMS) will review progress on the Regional Investment Framework (RIF) to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China (PRC). The ...
'Cambodia best ASEAN market for Indian SMEs'
Cambodia has recorded a growth rate of 10 percent since the last 10 years, and the time is right for the Indian small and medium enterprises (SMEs) to look at Cambodia as its key partner for accessing the ASEAN marke [sic], Ambassador of India in ...