News
Czech to increase diplomatic ties with Cambodia
The Czech Republic is going to set up its embassy residence here next year in order to strengthen and expand bilateral relations and cooperation between the two nations, the newly-designated ambassador of the Czech Republic to Cambodia Vitezslav Grepl said Tuesday. He said the permanent ...
http://www.nzweek.com/world/czech-to-increase-diplomatic-ties-with-cambodia-38328/
Agricultural options eyed in Cambodia
Representatives from over 100 Cambodian and Vietnamese companies gathered in Phnom Penh to seek agricultural investment opportunities between the two countries. Participants listened to reports on trade and co-operation opportunities in agriculture, forestry, aquaculture and seafood, delivered by representatives from both governments. They discussed Viet Nam’s ...
http://vietnamnews.vn/Agriculture/234150/agricultural-options-eyed-in-cambodia.html
Shopping shapes up in Phnom Penh
With demand for shopping space in Cambodia on the rise and investor interest growing, the Japanese developer Aeon Mall (Cambodia) Co Ltd last week broke ground on the construction of a US$205-million mall in Phnom Penh. “We are happy to contribute to the development of ...
http://www.bangkokpost.com/business/retail/326570/shopping-shapes-up-in-phnom-penh
Flagship airline gets new planes
National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...
http://www.phnompenhpost.com/2012121760309/Business/flagship-airline-gets-new-planes.html
Lawmakers Reject Petition
Lawmakers from Cambodia’s ruling party on Monday refused to accept a petition from hundreds of people who held a rally calling for the government’s help in resolving land disputes, drawing criticism from activists who questioned the effectiveness of the country’s parliament. The appeal, which contained more ...
http://www.rfa.org/english/news/cambodia/petition-12172012164439.html
Official says resettlement sites are good for development
Widely different interpretations of the government’s land policy were voiced at a conference on Land Security and Housing Rights on Thursday in Phnom Penh, with civil servants defending mass relocations, while rural evictees spoke of being forced into poverty due to loss of their land. ...
Cambodia organizes large-scale trade fair to boost import-export activities
The 7th Cambodia Import-Export Promotion Exhibition kicked off here on Saturday, aiming at promoting local trade and trade between the country and its foreign trading partners. The four-day event, held at the capital’s Diamond Island Exhibition Center, brought together products from 21 countries around the world, ...
http://news.xinhuanet.com/english/business/2012-12/15/c_132042699.htm
Thai-Cambodia buses ready to roll
Thailand and Cambodia will launch the first bus services linking Bangkok with Siem Reap and Phnom Penh in the next two weeks. The first bus service between the two countries will debut on Dec 29, said The Transport Co, a state enterprise under the Transport Ministry. The ...
http://www.bangkokpost.com/breakingnews/326227/thailand-to-launch-bus-routes-to-cambodia
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
Corridor towns to see $37 million in ADB loans
Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...
Prasac inaugurates new HQ in Phnom Penh
Officials expressed optimism that microfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank of Cambodia and Prasac expect the new 10-storey building to enhance ...
http://www.phnompenhpost.com/Business/prassacs-new-hq-inaugurated.html
PAL seeks CAB green light for flights to Turkey, Kuwait, Cambodia
Flag carrier Philippine Airlines is eying flights to Kuwait, Turkey, and Cambodia starting next year amid its refleeting and expansion program, the Civil Aeronautics Board said Wednesday. PAL has filed petitions with the industry regulator for flights to Istanbul in Turkey, Phnom Penh in Cambodia, and ...
Idemitsu, Cambodia sign biofuel production deal
Idemitsu Kosan Co. said Monday it has signed a memorandum of understanding with the Cambodian government to promote biofuel production in the Southeast Asian country. The move is part of plans by the Japanese energy firm to produce bioethanol out of cassava, a type of potato, ...
Hun Sen says growing Japanese investment reflects maturing economy
Prime Minister Hun Sen said Monday that the gradual increase in Japanese investment in Cambodia reflected a maturing of the domestic economy. His remarks came at a groundbreaking ceremony for a shopping mall being built by top Japanese retailer Aeon Co Ltd. The $200 million mall ...
Cambodia inaugurates food industry lab under Chinese aid
Cambodia on Friday inaugurated a food industry laboratory with Chinese aid, aiming at assisting food quality improvement, research and technology development, officials said. The China-Cambodia Food Industry Laboratory is situated in the complex of the Industrial Laboratory Center of Cambodia in Phnom Penh’s Russey Keo district. ...
http://news.xinhuanet.com/english/china/2012-12/08/c_132027343.htm
Hun Sen Tells Ratanakkiri’s Minorities Their Future Is Rubber
On the second day of his two-day visit to Ratanakkiri, Prime Minister Hun Sen on Friday cajoled indigenous minority members about their ready adoption of new technology amid the shift away from traditional ways of life, and extolled the benefits of rubber plantations over their ...
http://www.cambodiadaily.com/news/hun-sen-tells-ratanakkiris-minorities-their-future-is-rubber-6519/
Japanese auto supplier sets to launch auto parts factory in Cambodia
A Tokyo-based auto supplier, the Yazaki Corporation, has completed the construction of an automotive electronics and instrument plant in Cambodia and the production will be launched later this month, a company representative said Wednesday. Speaking during a meeting with Cambodian Prime Minister Hun Sen at the ...
Tenants Look for Apartments Beyond Daun Penh
Foreign renters are vacating apartments in Phnom Penh’s central Daun Penh district and opting for cheaper, more spacious and better-equipped living spaces elsewhere in the city, realtors and landlords say. As a result, landlords in Daun Penh are being forced to decrease rental prices to try ...
http://www.cambodiadaily.com/business/tenants-look-for-apartments-beyond-daun-penh-6481/
Phnom Penh signs city lights contract with French company
Phnom Penh City Hall had signed a contract with the French company Citelum on Monday to broaden and modernise its public lighting system over the course of a 20-year agreement, the French embassy announced yesterday. ...
Major Gap Emerging Between Labor Market and Job Seekers
PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...
National Electricity Provider Warns of Dry-Season Power Cuts
The national electricity provider has warned residents in Phnom Penh and in Kompong Speu and Kandal provinces to expect power outages in the coming months as supply would likely fall short of demand throughout the dry season. In a statement issued Friday, Electricite du Cambodge (EdC) ...
http://www.cambodiadaily.com/news/national-electricity-provider-warns-of-dry-season-power-cuts-6384/
Renewed MAI flights touch down in Cambodia
Myanmar Airways International (MAI) has resumed flights between Yangon and Phnom Penh after a four-month suspension due to low demand. The MAI flight landed at Phnom Penh International Airport at 7:15pm on Saturday. MAI country manager Ye Jhan told a press conference to cover the flight’s arrival ...
More local software urged : UNCTAD
Less developed countries should promote domestic software development that meets local needs and capabilities, bringing development gains, a United Nations Conference on Trade and Development (UNCTAD) report published last week says. Locally developed software is more likely to fit the culture, context and language where it ...
http://www.phnompenhpost.com/index.php/2012120360049/Business/more-local-software-urged-unctad.html
Three satellite city projects underway
Three projects of the six satellite cities around Phnom Penh that were originally approved by the government have been “significantly” developed, according to officials of the Ministry of Land Management, Urban Planning and Construction. Lao Tepseiha, deputy director of the construction department of the Ministry ...
http://www.phnompenhpost.com/index.php/Real-Estate/three-satellite-city-projects-underway.html