News

New provider CooTel launches in Kingdom

Telecommunications company Xinwei (Cambodia) Telecom Co Ltd, operating under the CooTel brand, officially launched in Cambodia yesterday, being the first operator to offer 4G technology in the country, a company statement released yesterday said. “CooTel strongly believes it will be successful in entering the Cambodian market ...

Post Staff, P.8
http://www.phnompenhpost.com

China donates 1 mln U.S. dollars to Cambodia for flood victims

China on Thursday donated one million U.S. dollars to Cambodia for the relief of the flood- affected people. Chinese Ambassador to Cambodia Bu Jianguo handed over the cash donation to Cambodian Prime Minister Hun Sen at the Peace Palace in the Cambodian capital. Bu, on behalf of ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-10/31/c_132848826.htm

De Castle Royal construction moves ahead at a princely pace

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace

Easier to invest in Cambodia

Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going ...

Daily Economic News Staff
http://www.dailyeconomic.com/2013/Asia-Pacific_0927/1928.html

Cambodia's construction attracts over 2 bln USD investment in 8 months

PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/27/c_132755769.htm

Cambodia's national airline launches daily flights to China's Guangzhou City

SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/26/c_132752788.htm

Deal sends milled rice to Chinese

State-owned Green Trade Company has signed an agreement with China’s Shandong Meijing Rice Co Ltd to export 100,000 tonnes of Cambodia’s milled rice. The deal was signed between Chinese and Cambodian officials on September 4 at the China-ASEAN summit in the southwest Chinese city of Nanning, ...

May Kunmakara
http://www.phnompenhpost.com/business/deal-sends-milled-rice-chinese

Inspections over tainted milk start in markets

Government officials began inspecting markets across the country yesterday in search of baby formula containing an ingredient from New Zealand dairy giant Fonterra that could cause botulism, quality control representatives at the Ministry of Commerce said. “We informed all our officials directly to collect nationwide some ...

http://www.phnompenhpost.com/business/inspections-over-tainted-milk-start-markets

Baby milk recalled in Cambodia

Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...

http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

Cambodia posts sharpest increase in rice output among major producers

Cambodia posted the sharpest increase in production among the world’s major rice producers between 2000 and 2010, the Food and Agricultural Organization said in a report released Wednesday. The 2013 edition of the UN agency’s Statistical Yearbook showed that Cambodia was the world’s 12th largest rice ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTRlZjk2Yzg3OTd

Australian Police Say Appropriate Steps Taken in BHP Bribery Case

The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...

http://www.cambodiadaily.com/business/australian-police-say-appropriate-steps-taken-in-bhp-bribery-case-31221/

Cambodia scores high marks for renewable energy

Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MjRiYTU0NzYyNTR

Cambodia: A rising star with a falling reputation?

Cambodia’s reputation as a standard-bearer for apparel workers’ rights is wearing thin – and yet the country is a rising star when it comes to attracting foreign investment and increasing exports. There are many reasons to deter brands and retailers from sourcing clothing in Cambodia. The Kingdom ...

http://www.just-style.com/analysis/a-rising-star-with-a-falling-reputation_id117944.aspx

As Foreign Aid Increases, Questions About Conditions

Cambodia has seen huge growth of foreign aid and loans over the past two decades, but experts are beginning to question its worth—and what conditions might be attached. Total aid from 1993 to 2012 amounts to around $10 billion, with the percentage of aid coming as ...

http://www.voacambodia.com/content/as-foreign-aid-increases-questions-about-conditions/1664821.html

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