Cambodia records 1.51 bln trade deficit in 7 months

Cambodia reported a trade deficit of 34 percent in equivalent to 1.51 billion U.S. dollars in the first seven of this year, the report of the Commerce Ministry showed on Thursday. During January-July period this year, the country’s total import and export value was 7.45 billion ...

http://www.nzweek.com/world/cambodia-records-1-51-bln-trade-deficit-in-7-months-7684/

Water Wars Feared Over Mekong

China’s dam building spree on the upper Mekong River raises new tensions over water resources Vietnamese President Truong Tan Sang obviously had China in mind when he warned recently that tensions over water resources are not only threatening economic growth but presenting a source of conflict Cambodia, ...

http://www.rfa.org/english/east-asia-beat/mekong-09302012160353.html

UAE- Lubna Al Qasimi heads Trade delegation to Cambodia and Thailand

Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade will lead a delegation on Monday to Cambodia and Thailand to discuss strengthening trade and investment ties with these countries. The delegation also included officials and representatives from national institutions and companies. ...

http://www.menafn.com/menafn/1093564536/UAE-Lubna-Al-Qasimi-heads-Trade-delegation-to-Cambodia-and-Thailand

Meeting sets out action plan for women's economic empowerment

Poor education and a lack of skills are still major challenges for Cambodian women and a recent meeting in Phnom Penh with the Ministry of Women’s Affairs and the United Nations Development Program set out to validate an action plan on women’s economic empowerment that ...

http://etmcambodia.com

Piaggio's Vespa Scoots Back Into Phnom Penh

Vespa, the iconic Italian scooter, is now officially available for purchase in Cambodia-again. Italy-based automobile company Piaggio, in cooperation with the local Narita Group, opened the doors yesterday to the country’s first licensed Vespa dealership. The new Vespas range in price from $2,950 for the ...

Cambodia hits oil revenue

Officials yesterday confirmed that the Cambodian government will receive a majority of the revenue share from Chevron’s offshore Block A oil permit area near Sihanoukville in the Gulf of Thailand. The government expects to issue the American oil giant a production permit licence by the ...

http://www.phnompenhpost.com/index.php/2012092858984/Business/cambodia-hits-oil-revenue.html

Stirrings from B Kak developer

After months of inactivity that has fueled questions about the company’s future, Boeung Kak lake developer Shukaku Inc has launched a recruitment drive, calling for at least half a dozen architects, engineers and other employees. When contacted yesterday, Sok Heng Ly, an administrative employee listed in the ...

http://www.phnompenhpost.com/index.php/2012092858978/National-news/boeung-kak-lake-developer-makes-moves.html

Firm Plans Impact Assessments off Preah Sihanouk

Mirach Energy Ltd., formerly known as China Petrotech Holding Ltd. (CPHL), announced on Tuesday that its Cambodian counterpart, CPHL (Cambodia), had contracted two companies to conduct environmental impact studies for offshore assets in Block D, off the coast of Preah Sihanouk province. Mirach Energy said in ...

Locked-out toy makers left in lurch over wages

Employees at the First & Main cuddly-toy company arrived at work yesterday expecting to be paid outstanding wages – instead, a notice on the gates told them all equipment inside the Phnom Penh factory would be auctioned off, because the company was closing for good. The ...

http://www.phnompenhpost.com/index.php/2012092758945/National-news/locked-out-toy-makers-left-in-lurch-over-wages.html

GO Communications snaps up Cambodia's Active Event Management

Malaysia-based GO Communications Group has acquired Active Event Management, one of the leading public relations and events agencies in Cambodia. The 100-per-cent buy-out follows the group’s signing of a partnership agreement with leading Thai PR agency DC Consultants in May. Danai Chanchaochai, CEO of DC Consultants, said ...

http://www.nationmultimedia.com/business/GO-Communications-snaps-up-Cambodias-Active-Event--30191090.html

Citibank looks to Cambodia for investment opportunities

Citibank, one of the largest banks in the US, showed stronger interest in Cambodia yesterday when the Bangkok-based Thailand head of the big international bank met with Economy and Finance Minister Kheat Chhon. Mey Vann said Citibank recognized that Cambodia had a good investment climate and incentives ...

http://www.phnompenhpost.com/index.php/2012092658916/Business/citibank-seeks-investment-opportunities-in-cambodia.html

Government Hopes for Chevron Offshore Oil Deal This Year

The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday. Cambodia has vast untapped oil and gas resources ...

http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html

Cambodia: Kampot Port Development Hits Hurdle

A local investor revealed yesterday that the construction of the US$100 million Kampot sea port had been further delayed by rain. Vinh Huor, president of the Kampot Special Economic Zone, (KSEZ) said: “We are preparing to be better, and that may take some time. I am ...

Dredging Today Staff
http://www.dredgingtoday.com/2012/09/25/cambodia-kampot-port-development-hits-hurdle/

Japan to build $200 m shopping mall in Cambodia

AEON Mall, a Japan’s single-largest shopping mall developer and the largest retailing operator, will invest $200 million to build a four-storey shopping mall here in December, Cambodian Prime Minister Hun Sen said Tuesday. The construction will be begun on December 10, 2012 on the land area ...

http://www.globaltimes.cn/content/735229.shtml

Citibank (NYSE:C) sees business opportunities in Cambodia

Citibank, one of the largest banks in the United States and the World, is seeking for investment opportunities in Cambodia, a bank senior official said Tuesday. During a meeting with Cambodian Deputy Prime Minister and Finance Minister Cambodian Keat Chhon on Tuesday afternoon, Darren Buckley, country ...

http://www.livetradingnews.com/citibank-nysec-sees-business-opportunities-in-cambodia-87222.htm

Companies aim to be socially minded

Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...

http://www.phnompenhpost.com/index.php/2012092558888/Business/cambodian-companies-aim-for-corporate-social-responsibility.html

Active acquisition is a GO

Malaysian-based GO Communications Group signed an acquisition deal to buy out Cambodian based Active Event Management, on Friday, Sept 21, 2012. Siet Sisopheak, managing director of Active, said GO became interested in the company because of improvements in Cambodia’s economy and how it would benefit the ...

http://www.phnompenhpost.com/index.php/2012092558890/Business/active-acquisition-is-a-go.html

Land Disputes Focus Ire on Chinese Investors

Among thousands of residents in the Boeung Kak Lake district of the capital whose land has been targeted for redevelopment by a Chinese-financed real estate company, Tep Vanny carried a letter explaining the “sadness and suffering” caused by the project — which has turned Phnom ...

http://www.washingtonpost.com/world/asia_pacific/land-disputes-in-cambodia-focus-ire-on-chinese-investors/2012/09/24/1e64dce6-fd9c-11e1-98c6-ec0a0a93f8eb_story.html

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