News

Sweet Prospects

The sugar palm is a national symbol for Cambodia. Harvested by the country’s poor for centuries, no part of the palm tree goes to waste in a process that fashions the tree into a range of products. The durable and strong leaves are weaved into ...

http://sea-globe.com/sweet-prospects/

USDA Hikes 2013 Export Projections for Cambodia, India, U.S.

The USDA increased its rice export forecasts for India, Cambodia and the U.S. mainly due to higher production estimates in these countries. Cambodia’s 2013 rice export estimates was increased 150,000 tons to a record 975,000 tons, up about 21% from last year, said the USDA in ...

http://oryza.com/content/usda-hikes-2013-export-projections-cambodia-india-us

New palm oil plant for $16m

Mong Reththy Group (MRG) will begin construction on a US$16 million crude palm oil refinery next month in Preah Sihanouk province, where several thousand hectares of palm trees are grown, insiders said yesterday. Mong Reththy, president of the eponymous firm, told the Post that his company ...

http://www.phnompenhpost.com/2013030661772/Business/new-palm-oil-plant-for-16m.html

India to supply HR development assistance

Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...

http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Rice exporter turns to Cambodia

Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...

http://www.bangkokpost.com/breakingnews/332629/disillusioned-rice-exporter-turns-to-cambodia

Cambodia’s garment exports grow in 2012

The exports of garments and textiles from Southeast Asian nation of Cambodia grew to US$ 4.61 billion, up nine percent over total textiles and garment exports worth US$ 4.24 billion made in 2011, according to The Phnom Penh Post report. However, the rise in garment ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=120092

Rice Exports Slow Due to Millers Hoarding

Cambodia exported more than 200,000 tons of milled rice in 2012, the greatest yield on record, though well short of the government target to export 1 million tons by 2015. Speaking at the Ministry of Agriculture’s annual meeting in Phnom Penh, Agriculture Minister Chan Sarun said ...

http://cambodiadaily.com/

Thaicom's Mfone files for insolvency

Cambodia-based telecommunication operator Mfone, part of the Thaicom group, on Wednesday petitioned for insolvency proceedings in Phnom Penh after facing difficulties in an intensely competitive market and after failing to complete the sale of its shares to INT Management Service Company. “Mfone has been through a ...

http://www.nationmultimedia.com/business/Thaicoms-Mfone-files-for-insolvency-30197687.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

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

Starbucks to open its first outlet in Vietnam

Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...

http://www.phnompenhpost.com/2013010460636/Business/starbucks-to-open-its-first-outlet-in-vietnam.html

Tourist arrivals top estimates

The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that  in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...

http://www.phnompenhpost.com/2013010160559/Business/tourist-arrivals-top-estimates.html

Cambodia seeks $57m Indian loan

Cambodian Prime Minister Hun Sen asked for $57m concessional loan from India for two development projects and urged India to consider direct flights to Cambodia. He said the two projects are the electricity transmission line from Kratie province to Stung Treng province with an estimated ...

http://thepeninsulaqatar.com/india/218944-cambodia-seeks-57m-indian-loan-.html

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