News

Dam Firm Told to Build Homes for Affected Communities

Prime Minister Hun Sen has said that the company responsible for building the Lower Sesan 2 dam in Stung Treng province will be in charge of constructing homes for thousands of villagers that will be displaced according to a statement Friday by the Council of ...

http://www.cambodiadaily.com

Cambodia approves Lower Sesan 2 hydroelectric dam

Cambodia’s government has approved a controversial hydroelectric dam on a tributary of the Mekong River. The joint venture involves Cambodian, Chinese and Vietnamese investment of $781m (£488m) and is due to be completed within five years. The project in northern Stung Treng province is known as Lower ...

http://www.bbc.co.uk/news/world-asia-20184447

Rise in foreign tourist arrivals

The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism.  The data show the number of tourists who arrived in the ...

http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html

Over 2.5 million visitors to Cambodia in the first nine months of 2012

Cambodia attracted some 2.57 million international visitors in the first nine months of this year, a 24% rise compared with the same period last year, a report from the Ministry of Tourism showed on Wednesday. ...

http://www.traveldailynews.com/news/article/51858/over-2-5-million-visitors-to

ADB Institute: too much focus on 2015

Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...

http://www.phnompenhpost.com/index.php/2012110159515/Business/adb-institute-too-much-focus-on-2015.html

Factory boss tried for crumpling moon pic

The Kandal Provincial Court yesterday tried and convicted a Chinese factory supervisor for damaging a photograph of the moon in which the likeness of the late King Father Norodom Sihanouk is believed to have been seen. Judge Lim Sokuntha said the court had sentenced Leav Kuyseang, ...

http://www.phnompenhpost.com/index.php/2012102659426/National-news/factory-boss-tried-for-crumpling-moon-pic.html

Factory Manager Handed Suspended Sentence

A Chinese garment factory manager was handed a three-month suspended sentence and released yesterday after she was found guilty of folding up a photograph of King Father Norodom Sihanouk in front of workers in Kandal province, officials said. Liv Kuy Chheang, 45, was charged with intentionally ...

Chinese Factory Manager Deported, Another Stands Trial

A Chinese garment factory manager was deported yesterday after she was given a one year suspended sentence for destroying a picture of the late King Norodom Sihanouk, officials said. The deportation took place as another Chinese factory manager, Liv Kuy Chheang, was charged by the ...

Deported home in disgrace

A Chinese woman found guilty of intentionally causing damage after tearing up photos of the late King Father was deported yesterday morning – a mere two days after the crime occurred. Wang Zia Chao, 43, who on Tuesday was given a suspended one-year prison sentence, left ...

http://www.phnompenhpost.com/index.php/2012102559412/National-news/deported-home-in-disgrace.html

Sentencing swift in pic ripping case

Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...

http://www.phnompenhpost.com/index.php/2012102459392/National-news/sentencing-swift-in-sihanouk-pictures-ripping-case.html

Second Factory Manager Arrested for Lese Majeste

A second Chinese garment factory manager was arrested yesterday for destroying a photograph of the late King Norodom Sihanouk, while the woman who destroyed pictures of the late monarch at the factory in Phnom Penh on Monday was convinced and given a one-year suspended sentence, officials said. Employed ...

Garment maker eyes economic zone in Cambodia

The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...

http://www.chinadaily.com.cn/cndy/2012-10/23/content_15837895.htm

China's ICBC offers RMB transfers

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

Questions over China dams

Some questions remain about whether hydro dams on the upper Mekong River in China exacerbated conditions during Cambodia’s devastating drought of 2010, environmental groups say, as China’s dam program powers ahead. When the first power-generating unit was switched on last month at China’s giant 262-metre tall ...

http://www.phnompenhpost.com/index.php/2012102359350/National-news/questions-over-china-dams.html

Higher costs forcing Chinese firms to relocate to Southeast Asia

China’s rising wages and shrinking export demand are forcing manufacturers to relocate to neighbouring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said Buyers have “turned their eyes to manufacturers from Southeast Asian countries”, ...

http://my.news.yahoo.com/higher-costs-forcing-chinese-firms-relocate-southeast-asia-091002927.html

U.S., S. Korean, Chinese, Japanese leaders to attend 21st ASEAN Summit in Cambodia

U.S. President Barack Obama, South Korean President Lee Myung-bak, Chinese Premier Wen Jiabao and Japanese Prime Minister Yoshihiko Noda have already confirmed their participation in the 21st ASEAN Summit and related Summits here on Nov. 15-20, said Cambodia’s Foreign Minister Hor Namhong on Monday. ...

http://news.xinhuanet.com/english/world/2012-10/22/c_131922509.htm

China, Cambodia agree to further advance ties

China and Cambodia agreed on Thursday to further advance their comprehensive relations of strategic cooperation and partnership in accordance with the will of late Cambodian King-Father Norodom Sihanouk. Cambodian Prime Minister Hun Sen told visiting Chinese State Councillor Dai Bingguo on Thursday morning that Cambodia “will ...

http://news.xinhuanet.com/english/china/2012-10/18/c_131915190.htm

Singapore's TA Corporation eyes China & Cambodia

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231696/1/.html

Cambodia might benefit from Japan-China row

A lot of Japanese companies have been making inquiries about investing in Cambodia. And a good number of them are companies who are considering relocating from China. This was revealed by Phnom Penh Special Economic Zone manager Hiroshi Uematsu in the Japanese newspaper Asahi Shimbun. Recent ...

http://japandailypress.com/cambodia-might-benefit-from-japan-china-row-1515865

Commerce Official Denies Luxury Wood 'Logs' Exported to China

A Commerce Ministry official yesterday denied that Cambodia was exporting luxury wood logs to China, insisting that any wood leaving the country was in a “processed” form. The China Customs data also states that each year, just under 10,000 cubic meters of “logs” and about ...

http://www.cambodiadaily.com/news/commerce-official-denies-luxury-wood-logs-exported-to-china/

East Asia growth to recover next year: WB

Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...

http://ph.news.yahoo.com/east-asia-growth-recover-next-wb-060002801.html

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