News

Latex exports rise, revenues fall

Cambodia’s total rubber latex exports rose by 12 per cent in the first nine months of this year, according to new figures. However, revenues from the exports saw a dramatic 27 per cent decrease due to a fall in rubber prices in the international market, ...

http://www.phnompenhpost.com/index.php/2012112959998/Business/latex-exports-rise-revenues-fall.html

Electricity Vietnam No Longer Involved in Lower Sesan 2 Dam

Electricity Vietnam International (EVNI), a subsidiary of Vietnam’s state-owned electricity giant EVN, is no longer involved in the Lower Sesan 2 dam, a Vietnamese Embassy official confirmed yesterday. Cambodian conglomerate Royal Group and China’s Hydrolancang International Energy Co. Ltd. on Monday signed an agreement in Phnom ...

http://www.cambodiadaily.com/news/electricity-vietnam-no-longer-involved-in-lower-sesan-2-dam-6363/

Rare hardwood sparks gunfights, corruption in Asia

KOH KONG, CAMBODIA — A Thai force dubbed the “Rambo Army” couldn’t stop the gangs, armed with battlefield weaponry, as they scoured the forests. Neither could a brave activist, gunned down when he came to investigate. Nor, apparently, can governments across Southeast Asia. The root of the ...

http://www.bradenton.com/2012/11/24/4291081/rare-hardwood-sparks-gunfights.html

PM Hun Sen lavishes praise on China

In his first public speech following this week’s ASEAN summit, Prime Minister Hun Sen offered lavish praise for China’s financial largesse and congratulations for its newly appointed Communist Party heads. Speaking to thousands of villagers during a ceremony to inaugurate National Road 8 in Prey ...

http://www.phnompenhpost.com/index.php/2012112359905/National-news/pm-hun-sen-lavishes-praise-on-china.html

Cambodia inaugurates China-funded road in eastern part

Cambodia on Thursday inaugurated a 133-km China-funded national road No. 8 in Prey Veng province, hoping that the road will contribute to promoting social and economic development in the country’s eastern part. The road, which connects from Prek Tamak Mekong River Bridge to Vietnam border, cost ...

http://Editor: Tang Danlu

Joint visa for Thailand and Cambodia in limbo

Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...

http://www.phnompenhpost.com/index.php/2012112259881/National-news/joint-visa-for-thailand-and-cambodia-in-limbo.html

Hun Sen Announces Talks to Begin on Huge Free Trade Zone

A plan to create a free trade area covering roughly half the world’s population by 2015 was initiated yesterday by regional and world leaders meeting in Phnom Penh. During the Asean and related meetings at his office, Prime Minister Hun Sen announced that the group of ...

http://www.cambodiadaily.com

Japanese Investment in Cambodia Grows, but Hurdles Remain

Japanese Investment in Cambodia is steadily increasing as a result of sharply rising wages in China and other Southeast Asian nations. But experts warned this week that for sustained investment growth and to avoid driving Japanese companies to other attractive investment destinations such as Burma ...

http://www.cbre.com.kh/2012/11/japanese-investment-cambodia-grows-hurdles-remain/

Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft

In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...

http://www.etmcambodia.com/viewarticles.php?articlesid=304

Bank of China launches dual currency ATM card

The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...

http://www.phnompenhpost.com/index.php/2012111959801/Business/bank-of-china-launches-dual-currency-atm-card.html

Cambodia calls for deeper East Asian financial cooperation

Cambodia called Monday for the further deepening of ASEAN’s financial cooperation with China, Japan and South Korea. According to a paper circulating at a gathering of leaders to mark 15 years of cooperation between the 13 countries, so-called ASEAN+3 financial cooperation has “achieved many solid outcomes” ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MWJiZTczMjAyZmJjMGZlNzhjM2FiMGQwZjUzN2M2

Wen says China-Cambodia relations good example of friendly neighboring ties

Visiting Chinese Premier Wen Jiabao said here Sunday that the relationship between China and Cambodia has set a good example of friendly ties between neighboring countries. Wen made the remarks during a meeting with Cambodian Prime Minister Hun Sen. The comprehensive strategic partnership of cooperation between China ...

http://news.xinhuanet.com/english/china/2012-11/19/c_123967041.htm

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