Miner buys into Cambodian copper

Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...

http://www.phnompenhpost.com/2013010460638/Business/miner-buys-into-cambodian-copper.html

Rise in Cargo Reflects a Diversifying Economy

The amount of air cargo entering and leaving Phnom Penh increased by almost 40 percent last year, and nearly 100,000 more business travelers to the capital were recorded during the first 11 months of last year compared to the same period in 2011, data from ...

http://www.cambodiadaily.com/business/rise-in-air-cargo-reflects-a-diversifying-economy-7214/

Cambodia’s Economic Challenge

Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...

http://thediplomat.com/2013/01/03/cambodias-failed-trickle-down-economy/

Cambodian milled rice exports rise slightly

Cambodian milled rice exports to international markets grew only 2 per cent year-on-year, leading rice trading experts to express concern that the goal of exporting a million tonnes in 2015 cannot be accomplished. Hean Vanhorn, deputy director general of the Ministry of Agriculture and director of ...

http://www.phnompenhpost.com/2013010360602/Business/cambodian-milled-rice-exports-rise-slightly.html

Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012

The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...

http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm

Vietnam investment in Cambodia hits US$2.5 bil

Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...

http://english.vietnamnet.vn/fms/business/55818/vietnam-investment-in-cambodia-hits-us-2-5-bil.html

Cambodia defies global crisis

Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...

http://www.phnompenhpost.com

Hun Sen Encourages Cambodians to Emulate Chinese-Style Wealth

Prime Minister Hun Sen yesterday encouraged Cambodians to strive for Chinese-style millionaire status as he inaugurated a sugar refinery located inside two controversial plantations belonging to CPP Senator Ly Yong Phat and his wife in Kompong Speu province. “I have one clear policy in strengthening the ...

http://www.cambodiadaily.com/news/hun-sen-encourages-cambodians-to-emulate-chinese-style-wealth-7028/

Two new ports for Cambodia

The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo. The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014. ...

http://www.phnompenhpost.com/2012122660476/Business/two-new-ports-for-cambodia.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

More investment from India

Cambodia expects to attract more investment from India after an agreement on trade and investment was made by all ASEAN leaders last week in New Delhi. Officials said India would become a potential market for Cambodia. The agreement will encourage Indian investors to invest in ASEAN ...

http://www.phnompenhpost.com/2012122460431/Business/more-investment-from-india.html

Ministries’ different interpretations, wood imports get stuck

The Vietnam Agriculture and Forestry Investment and Development Company in Hanoi is one of the two enterprises that signed a contract on importing 20,000 cubic meters of wood from Cambodia. Cambodian authorities approved the export of the volume of wood to Vietnam in 2011-2012. The ...

http://english.vietnamnet.vn/fms/business/55233/ministries--different-interpretations--wood-imports-get-stuck.html

Annual Prahok Season Threatened by Poor Catch

Cambodia’s annual prahok season began Wednesday along the Tonle Sap River, with fishermen unloading boatloads of tiny fish onto weigh stations along the riverbank. But due to low water levels during this year’s five-day migration season, fishermen and buyers were predicting a poor catch, both in ...

http://www.cambodiadaily.com/business/prahok-season-threatened-by-low-water-levels-6818/

ITC defends its use of funds, claiming silk weavers profiting

The International Trade Centre (ITC) yesterday rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was appropriate and well managed. Mao Thora, secretary of state for the Ministry of Commerce, publicly criticised the ITC during a seminar ...

http://www.phnompenhpost.com/2012122060382/Business/itc-defends-its-use-of-funds-claiming-silk-weavers-profiting.html

Cambodia acquits ex-governor of shooting at protesting factory workers

A former Cambodian governor accused of shooting three garment workers during a labour protest was acquitted in a ruling that prompted outrage Wednesday from rights groups who say it highlights the impunity surrounding the country’s political elite. Former official Chhouk Bandith was governor of Bavet town, ...

http://www.calgaryherald.com/news/Cambodia+acquits+exgovernor+shooting+protesting+factory/7719189/story.html

Co-op scheme aims to boost farmers’ profits

An ambitions new agricultural development project backed by a former US diplomat is aiming to dramatically revamp the sector and bring profits back into the hands of farmers. Sichan Siv, a Cambodian with dual citizenship who spent five years serving as US ambassador to the UN, ...

http://www.phnompenhpost.com/2012121960368/National/co-op-scheme-aims-to-boost-farmers-profits.html

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