Cambodia’s low wages lure manufacturers away from China, other countries

Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is one of many businesses that have ...

http://www.washingtonpost.com/world/asia_pacific/cambodias-low-wages-lure-manufacturers-away-from-china-other-countries/2013/01/07/ab1f5a7a-58f1-11e2-9fa9-5fbdc9530eb9_story.html

Royal Group to Take Stake in Mining Project

A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...

http://www.cambodiadaily.com

Cambodia's national carrier adds new aircraft, targeting Singapore, China

The national flag carrier, Cambodia Angkor Air (CAA), added a new passenger plane on Sunday in order to expand new flight destinations to countries in the region, said a senior government official. “The new Airbus 321 plane is leased from an Airbus manufacturer in France,” Tek ...

http://news.xinhuanet.com/english/world/2013-01/06/c_132083762.htm

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/

Minister of Transport Says He Knows Little About Railway Project

The minister of transport, who on Monday watched over the signing of a deal between two Chinese companies to build a 400-km railway, yesterday said the government has minimal knowledge of the project. Transport Minister Tram Iv Tek said, however, that he did not know ...

http://www.cambodiadaily.com

Ha Tien Vegas Casino closes due to bankruptcy

Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...

http://thesoutheastasiaweekly.com/?p=5267

Locals in the Dark to Chinese Rail Project

With two Chinese firms due to start work on a 400-km railway, steel mill and port in July, an environmental impact assessment (EIA) has yet to be conducted, and affected provinces are still largely in the dark about the massive infrastructure project. In a ceremony in ...

http://www.cambodiadaily.com/business/locals-in-the-dark-to-chinese-rail-project-7128/

Inside the North Korean museum in Siem Reap

For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...

http://www.phnompenhpost.com/2013010260590/National/inside-the-north-korean-museum-in-siem-reap.html

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