News

Vietnam raises minimum pay

A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. “The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...

http://www.phnompenhpost.com

Nearly 100,000 tourists visit Cambodia's Preah Vihear temple in 2012

Cambodia’s world heritage Preah Vihear temple greeted some 99,490 domestic and foreign tourists in 2012, up 79 percent from 55,580 visitors in 2011, statistics from the Preah Vihear provincial tourism department showed Wednesday. The Hindu temple had been a flashpoint of deadly armed clashes between Cambodian ...

http://news.xinhuanet.com/english/culture/2013-01/02/c_132076419.htm

Factory worker wages to be re-examined

Amid threats of another mass strike in the thriving garment sector, the Ministry of Social Affairs has called a meeting with the industry’s leading players to discuss union demands for a $150-per-month minimum wage, a letter obtained yesterday reveals. At the behest of Prime Minister Hun ...

http://www.phnompenhpost.com/2013010260589/National/factory-worker-wages-to-be-re-examined.html

Thai envoy vows to deepen ties with Cambodia in all fields

Newly-designated Thai ambassador to Cambodia Touchayoot Pakdi pledged on Wednesday to strengthen and deepen bilateral ties and cooperation with Cambodia in all fields for both sides’ mutual benefits. Speaking at a meeting with Cambodian deputy Prime Minister and Foreign Minister Hor Namhong, the ambassador asserted that ...

http://news.xinhuanet.com/english/world/2013-01/02/c_132076641.htm

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

Tough times for telecom bosses in 2012

The year 2012 has seen a number of changes of personnel within different companies in Cambodia, particularly in the telecommunications sector, but also in the insurance and banking industry. According to In Channy, ACLEDA Bank’s CEO and vice chairman of the International Business Chamber Cambodia, the ...

http://www.phnompenhpost.com/2013010160558/Business/tough-times-for-telecom-bosses-in-12.html

Regional Workers Need More Protection, Advocate Says

With Thailand threatening to oust undocumented workers, Asean must do more as a region to protect its migrant workers, a leading rights advocate says. More and more workers are crossing the borders between Asean countries, and the region looking to lower trade barriers, so workers need ...

http://www.voacambodia.com/content/regional-workers-need-more-protection-advocate-says/1574026.html

Thai-Cambodian single visa to commence Thursday

Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...

http://www.nationmultimedia.com/breakingnews/Thai-Cambodian-single-visa-to-commence-Thursday-30196840.html

Thai, Cambodian FMs meet in Bangkok on economic cooperation

Thailand and Cambodia will step up road construction, and open more checkpoints along their common borders, Thai News Agency reported on Wednesday. The resolution was made during the 8th Thai-Cambodian Joint Commission, held in Bangkok on Tuesday and Wednesday. ...

http://news.xinhuanet.com/english/world/2012-12/26/c_132064949.htm

6.7% growth forecast for Cambodia

Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...

http://www.nationmultimedia.com/aec/6-7%C2%A0rowth-forecast-for-Cambodia-30196729.html

Car sales sharply rise in Cambodia in 2012 due to strong economic growth

Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...

http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm

Rubber plant opts for export

A local investor has spent nearly US$5 million setting up a rubber-processing factory in Kampong Cham, a key province in the Kingdom’s rubber production for export rather than producing final products, an insider says. ...

http://www.phnompenhpost.com/2012122460430/Business/rubber-plant-opts-for-export.html

Single visa with Cambodia to be discussed

Foreign Minister Surapong Towichukchaikul and his Cambodian counterpart Hor Namhong will co-chair the meeting in Bangkok on Tuesday and Wednesday to discuss several issues, including the single-visa initiative. The idea of a joint visa for visitors to both Thailand and Cambodia has been mooted as a ...

http://www.nationmultimedia.com/politics/Single-visa-with-Cambodia-to-be-discussed-30196550.html

Cambodia exposed to large fiscal risks from disasters

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...

http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm

Single visa test-run

A single visa for Thailand and Cambodia is ready for launch 27 December at all of the countries’ consulates and embassies. It is a test phase of a wider project called ACMECS Single Visa (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) involving Thailand, Laos, Vietnam, Cambodia, and ...

http://www.ttrweekly.com/site/2012/12/single-visa-test-run/

Mikasa's Koh Rong factory Sees it join Japanese influx

Mikasa Corporation, a famous Japanese sports goods manufacturing company, is to invest more than $5 million in building a ball production factory in Cambodia’s Koh Kong Special Economic Zone (KKSEZ) and plans to start construction early next year according to officials. Hiroshi Suzuki, chief executive ...

http://www.phnompenhpost.com/2012121860344/Business/mikasas-koh-kong-factory-sees-it-join-japanese-influx.html

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