News
US urges 'Restraint' in Cambodia after violence
The United States on Friday appealed for peaceful dialogue and denounced violence in Cambodia after police opened fire on protesting garment workers, killing three people. “The United States deeply regrets the recent loss of life in Cambodia during violent clashes between protesters and government security forces,” ...
AFP News Staff
http://www.google.com/hostednews/afp/article/ALeqM5iy83VmwV8EjDuptYbUme3o9-vdPw?docId=a4c09c59-b109-4dc0-9015-bbce4fa08a63
For 2013, trade value to reach $16 billion
The value of Cambodia’s overall trade volume for 2013 is expected to reach $16 billion, according to the former Minister of Economy and Finance, Keat Chhon. The figure comes to a 14.4 per cent rise from last year. ...
Chan Muy Hong
http://www.phnompenhpost.com/business/2013-trade-value-reach-16-billion
U.S. gov't launches HIV research project in Cambodia
The United States government on Wednesday launched a HIV research project in Cambodia, aiming to collect and disseminate critical data that will help the country in the fight against HIV. Men Chean Rithy, coordinator for the newly-launched HIV Innovate and Evaluate Project, said the U.S. provided ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131211/us-govt-launches-hiv-research-project-cambodia
Cambodia-U.S. bilateral trade up 2 pct
Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...
The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct
Farmers weigh up US technology
US and Cambodian governments have presented a united front calling for the country’s agriculture industry to diversify, modernise and commercialise. US ambassador William E Todd and the Cambodia’s Deputy Prime Minister and Chairman of the Council for Agricultural and Rural Development Yim Chhay Ly led an ...
Chan Muy Hong and Eddie Morton
http://www.phnompenhpost.com/business/farmers-weigh-us-technology
One-third of citizens ‘suffering’: Gallup poll
Cambodia has the dubious distinction of coming in third place in a survey released this week purporting to measure countries’ suffering. In the well-being poll compiled by US research company Gallup, more than a third of Cambodian respondents rated their quality of life as abysmally low, ...
Laignee Barron
http://www.phnompenhpost.com/national/one-third-citizens-%E2%80%98suffering%E2%80%99-gallup-poll
US Congressman Says Hun Sen Must Resign
The chairman of the U.S. House of Representatives Committee on Foreign Affairs called on Prime Minister Hun Sen to stand down during an event attended by CNRP Vice President Kem Sokha in California on Saturday night. Speaking at a CNRP fundraising event, Ed Royce, a Republican ...
Alex Willemyns and Phorn Bopha
http://www.cambodiadaily.com/news/us-congressman-says-hun-sen-must-resign-48243/
Accounting, Auditing Crucial in Development, Experts Say
Proper accounting and auditing help promote business opportunity and development, finance experts say. Socheat Chum, a senior associate auditor for KPMG, a professional accounting service, told “New Voices” on Monday that companies with “solid” financial statements will “attract more business partners and be able to borrow ...
Im Sothearith
http://www.voacambodia.com/content/accounting-auditing-crucial-in-development-experts-say/1793321.html
UK: Cambodia worker health part of M&S Plan A progress
UK retailer Marks & Spencer (M&S) is trialling a new campaign aimed at helping 14,000 garment workers in Cambodia deal with common health issues, as part of its Plan A ethical programme. The company, which aims to become the world’s most sustainable major retailer by 2015, ...
Katie Smith
http://www.just-style.com/news/cambodia-worker-health-part-of-ms-plan-a-progress_id119714.aspx
US Ambassador Says Corruption Scares Off American Firms
U.S. Ambassador William Todd on Thursday said that despite his efforts to promote Cambodia as an attractive destination for business, major American companies are reluctant to invest here as they still perceive the country as indelibly corrupt. “I believe now is the time for big U.S. ...
Ben Woods and Phorn Bopha
http://www.cambodiadaily.com/business/us-ambassador-says-corruption-scares-off-american-firms-42799/
Cambodia organizes int'l industrial machinery, garment exhibition
The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...
http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...
New Cafe to Enter Growing Cambodian Market
Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is ...
http://www.cambodiadaily.com/business/new-cafe-to-enter-growing-cambodian-market-36434/
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/
Garment Exports Booming Despite Concerns
Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said ...
http://www.cambodiadaily.com/business/garment-exports-booming-despite-concerns-34035/
U.S. seeks to cut aid to Cambodia
Lawmakers in the U.S. and human rights activists are pushing for cuts of more than $70 million in aid to Cambodia if Prime Minister Hun Sen wins the July 28 elections. Many factors have pushed the U.S. to this point be it unfair and unjust, such ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTQ1OTEyZDAxMTd
International Donors Call for Redesign of Sesan 2 Hydro Dam
International donors, including the U.S., Australia, the European Union and the World Bank, have urged the Cambodian government to redesign a massive hydropower project in Stung Treng province that environmentalists say will deplete fisheries and submit it to the Mekong River Commission (MRC) for consultation. In ...
http://www.cambodiadaily.com/news/international-donors-call-for-redesign-of-sesan-2-hydro-dam-33311/
Cambodia's garment exports up 22 pct in 5 months
Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...
http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm
‘Thinnest’ smartphone is set for debut in Cambodia
Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...
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 ...
BHP bribery scandal not thoroughly investigated
Reports have today emerged criminal allegations that BHP Billiton employees bribed officials in Cambodia and China were not thoroughly investigated by the Australian Federal Police, with the matter instead being passed over to corporate regulator ASIC, which also ran no in-depth investigation. The documents released ...
http://www.miningaustralia.com.au/news/bhp-bribery-scandal-not-thoroughly-investigated
Cambodia eyes to become region's prominent gems, jewelry market
Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...
http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm
Unions Trade Barbs Over Violent Factory Strike
Two rival workers unions continued to trade barbs Thursday, each blaming the other for a violent clash between striking garment workers and police at a factory in Kompong Speu province on Monday that saw eight people arrested. The Free Trade Union (FTU) has led strikes for ...
http://www.cambodiadaily.com/business/unions-trade-barbs-over-violent-factory-strike-29833/
Cambodia feels drop in Asian rubber prices
The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...
http://www.phnompenhpost.com/2013060666093/Business/cambodia-feels-drop-in-asian-rubber-prices.html