News
PetChem sees healthy growth in 2013, eyes Myanmar, Cambodia
KUALA LUMPUR (Dec 18) : Petronas Chemical Group Bhd (PetChem) said that its top and bottom line growth was going to be in “healthy mode” next year, with prices of its chemical products seen to be firming up. Speaking at a media briefing on Tuesday, its ...
New species, old threats to wildlife: WWF
From a devilish-looking bat to a frog that sings like a bird, scientists have identified 126 new species in the Greater Mekong area, the WWF said Tuesday in a new report detailing discoveries in 2011. But from forest loss to the construction of major hydropower projects ...
Telco Axiata strengthens regional hold, controls 34% of Cambodian market post-acquisition
Being one of the biggest Asian telecommunications companies with operations across ten countries, Axiata Group Bhd has flexed its muscles to firm its grip on the Cambodian market After the acquisition of its rival Latelz Co Ltd, the second-largest mobile operator with a 21% market share ...
http://biz.thestar.com.my/news/story.asp?file=/2012/12/17/business/12469671&sec=business
ADB - Asian Development Bank : Greater Mekong Ministers to Review New Phase of Development Priorities
Ministers from the Greater Mekong Sub-region (GMS) will review progress on the Regional Investment Framework (RIF) to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China (PRC). The ...
AEC will 'Cut impact of US, EU woes'
Malaysia is optimistic Asean is ready to be integrated into a single economic block by December 2015 despite uncertainties over growth in the euro zone and the US. International Trade and Industry Minister Mustapa Mohamed said the 10 member countries would be able to cushion the ...
http://www.nationmultimedia.com/business/AEC-will-Cut-impact-of-US-EU-woes-30195833.html
T.K. Garment Co moves across the border for cheaper wages
When the government decided to raise the daily minimum wage to 300 baht nationwide, labour-intensive industries knew sunset was descending on their businesses. As a leading original equipment manufacturer (OEM) for popular clothes lines in Thailand, the company is relocating its largest production site to ...
http://www.bangkokpost.com/business/economics/324412/sunrise-in-cambodia
Cambodian NGO: PTT entry would benefit consumers
A Cambodian NGO believes that investment by Thailand’s PTT oil conglomerate in petroleum projects in the region would promote competition and benefit consumers. Thailand’s largest petroleum firm said lastThursday it is currently studying options for petrochemical and oil refinery projects in three Asean countries — Cambodia, ...
http://www.bangkokpost.com/business/news/323691/cambodia-ptt-entry-would-benefit-consumers
Study reveals extent of Mekong dam food security threat
The planned construction of hydropowered dams on the Mekong River in South-East Asia could jeopardise livelihoods, water access and food security for 60 million people, across Cambodia, Laos, Thailand and Vietnam, according to a study. The study reports that dams will block fish migration routes and ...
Aeon eyes major Asean expansion
Aeon Thana Sinsap (Thailand) plans aggressive business expansion both here and in neighbouring countries. The leading Japanese non-bank company is using Thailand as a centre to expand its businesses in other Asean countries. Aeon Thana Sinsap plans to offer more financial services in Cambodia, Vietnam, Laos and ...
http://www.bangkokpost.com/business/economics/323617/aeon-eyes-major-asean-expansion
PTT to conduct feasibility study in Cambodia: report
PTT, Thailand’s largest oil and gas conglomerate said it plans to conduct a feasibility study on petrochemical and oil refinery projects in three ASEAN countries – Cambodia, Indonesia and Myanmar, according to Dow Jones Newswires. Pailin Chuchottaworn, PTT chief executive said, however, that Indonesia and Myanmar ...
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
SCB focus on Myanmar, Laos, Cambodia
Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...
http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia
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 ...
Key joins Asian free trade talks
Prime Minister John Key has joined a launch of Asian free trade talks – but made it clear he favours a US-backed deal. The East Asian Summit wrapped up in Phnom Penh yesterday with Asian leaders formally announcing a start to negotiations towards a Regional Comprehensive ...
http://www.stuff.co.nz/business/7978019/Key-joins-Asian-free-trade-talks
Grouping urged to work together for 2015 integration
The secretary-general of the Council for the Development of Cambodia (CDC) called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015. Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh, said Asean members must ...
http://www.nationmultimedia.com/aec/Grouping-urged-to-work-together-for-2015-integrati-30194612.html
Cambodian, U.S. leaders hold talks on old debt, human rights
Cambodian Prime Minister Hun Sen and visiting U.S. President Barack Obama met here on Monday to discuss a number of issues including old debt, human rights, democracy and forced evictions in Cambodia, a senior Cambodian official said. Hun Sen also raised the issue of old ...
http://news.xinhuanet.com/english/world/2012-11/20/c_123972558.htm
Obama Presses Hun Sen on Human Rights
U.S. President Barack Obama pressed Prime Minister Hun Sen on the government’s human rights record during a closed-door meeting between the two leaders in Phnom Penh yesterday, calling for fair elections and the release of all political prisoners. In the first visit to Cambodia by a ...
http://www.cambodiadaily.com/news/obama-presses-hun-sen-on-human-rights-record-6174/
Full text of ASEAN Human Rights Declaration
Herewith the full text of the ASEAN Human Rights Declaration adopted by Southeast Asian leaders Sunday: WE, the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (hereinafter referred to as “ASEAN”), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of ...
ASEAN issues declaration to promote regional community
The 21st ASEAN Summit opened in Phnom Penh yesterday under the theme One Community, One Destiny, with meetings during the three-day event expected to tackle such issues as measures to build the ASEAN Community, regional peace and security, and strengthening co-operation between the bloc’s member ...
ASEAN+3 leaders meet in Cambodia to chart future cooperation
The ASEAN+3 (China, Japan and South Korea) Summit was held here on Monday to discuss measures and actions to further enhance cooperation in the future. The Summit was made between the leaders of the ten-country ASEAN led by Cambodian Prime Minister Hun Sen and the leaders ...
http://news.xinhuanet.com/english/china/2012-11/19/c_131984651.htm
Southeast Asia calls for talks with China on sea dispute
Southeast Asian nations displayed a rare show of unity on Sunday against China’s sweeping maritime claims, calling for the first formal talks with Beijing over a sea dispute that has raised tensions and exposed deep divisions in the region. As Chinese Premier Wen Jiabao arrived in ...
http://www.reuters.com/article/2012/11/18/asia-summit-southchinasea-upd-idUSL3E8MI0BU20121118
Cambodia Drops a Spot in Asean as Burma Reforms
THE ten-member Association of South-East Asian Nations (ASEAN) is used to fending off “interference” by the West in the internal affairs of some of its members. In recent years the human-rights record of the regime in Myanmar has been the tenderest of these sore spots. ...
China's Aid to Cambodia Helps Cement Ties
When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...
Chun Han Wong
http://online.wsj.com/article/SB10001424127887324595904578120582308358540.html
Merit in rice trade plan
The cabinet on Tuesday approved a proposal allowing the Commerce Ministry to form a rice trade partnership with Asean’s four other rice-producing countries, namely Vietnam, Laos, Cambodia and Myanmar, to stabilise rice prices in the global market and to promote food security in the region. The ...
http://www.bangkokpost.com/news/local/321297/rice-trade-area-plan-has-merit