News

Vietnam, Cambodia strengthen cross border trade

The Ministry of Industry and Trade (MIT), in conjunction with the Cambodian Ministry of Commerce, held the 5th Conference on Vietnam-Cambodia Border Trade Development Cooperation in southern Binh Phuoc province on January 9. According to Minister of Industry and Trade Vu Huy Hoang, bilateral economic ...

http://www.tuoitrenews.vn/cmlink/tuoitrenews/business/vietnam-cambodia-strengthen-cross-border-trade-1.96166

NGOs call for discussion of Xayaburi dam at meet

A coalition of NGOs has called on Cambodia’s National Mekong Committee (CNMC) to push for the Xayaburi dam to be added to the agenda of a regional Mekong River meeting next week. Chhith Sam Ath, executive director of NGO Forum on Cambodia, said it was disappointing ...

http://www.phnompenhpost.com/National/ngos-call-for-discussion-of-xayaburi-dam-at-meet.html

Local ISP claims licence overlap is causing losses

At least one internet service provider in Cambodia still claims to have overlapping frequencies, which means losses for the affected company MekongNet. The company’s chief executive, Sok Channda, reported that the internet service provider can’t use the frequencies that were supposed to cover the WiMAX service, ...

http://www.phnompenhpost.com/Business/local-isp-claims-licence-overlap-is-causing-losses.html

Britain life insurer Prudential officially launches operations in Cambodia

The U.K.-based life insurer, Prudential Plc, on Wednesday announced the commencement of its life insurance operations in Cambodia, according to the firm’s press release. Alongside the launch of its business operations, Prudential Cambodia and Acleda Bank, the largest commercial bank in Cambodia, also announced the establishment ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091413.htm

Cambodia prepares to conserve disappearing cyclos

Cambodia is preparing to conserve the capital’s disappearing cyclos or rickshaws, which used to be a popular means of transport during the French colonial rule about 80 years ago. Cyclo is a three-wheeled bicycle with the driver perched on high above the rear wheel, and the ...

http://news.xinhuanet.com/english/world/2013-01/09/c_132091143.htm

IMF Says Cambodia to Reach 7.5% Growth in Medium Term

The International Monetary Fund said it expects economic growth in Cambodia to reach its potential of 7.5 percent in the medium term. The Washington-based IMF forecast growth of 6.7 percent this year, up from an estimated 6.5 percent in 2012, in its annual assessment of the ...

http://www.bloomberg.com/news/2013-01-08/imf-says-cambodia-to-reach-7-5-growth-in-medium-term.html

‘Guards are more than farmers in uniform’

Located in a humble, barrack-like building with small offices that are still under construction, Global Security Solutions enjoys the proximity to its biggest customer: Toll Royal Railways. The company not only provides security for embassies, but for petrochemical companies, hotels and airlines as well. Since the ...

http://www.phnompenhpost.com/2013010860663/Business/guards-are-more-than-farmers-in-uniform.html

Union sues Mfone director for violating labor law

Free Trade Union of Workers of Cambodia said Tuesday it had sued the director of Thailand’s Mfone Co Ltd for not respecting local labor laws. In a letter issued Tuesday to the Department of Labor Disputes, the union’s deputy secretary general Sam Srey Mom accused Mfone ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmRhZmZmMzliZDRkYzg1ODg5MDJmYTkzNTdjYTFi

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

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

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. ...

http://www.phnompenhpost.com/2013010360592/Real-Estate/cheng-keng-becomes-president-of-estate-agents-association.html

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 ...

http://www.phnompenhpost.com

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 ...

http://thesoutheastasiaweekly.com/?p=5267

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

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