ព័ត៌មាន
Cambodia, China's Guangxi pledge to broaden cooperation
Cambodia and China’s Guangxi Zhuang Autonomous Region on Thursday vowed to further enhance cooperation in trade, investment, and tourism for mutual benefits. The commitment was made during a meeting between Cambodian Prime Minister Hun Sen and Peng Qinghua, secretary of Guangxi Zhuang Autonomous Region’s CPC Committee, ...
http://news.xinhuanet.com/english/china/2013-06/13/c_132453081.htm
Bank to join growing group from Taiwan
Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese banks and garment industry investors in the Kingdom. Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua ...
http://www.phnompenhpost.com/2013061366235/Business/bank-to-join-growing-group-from-taiwan.html
Hor Namhong Asks for More Cash for Rail Project
Foreign Affairs Minister Hor Namhong made another appeal to Australia for additional funds to complete a behind-schedule project to rehabilitate the country’s railway network, this time to newly appointed Australian Ambassador Alison Burrows, according to a ministry spokesman. While work on the Southern Line of the ...
http://www.cambodiadaily.com/news/hor-namhong-asks-for-more-cash-for-rail-project-30272/
British Minister kicks off SE Asia tour in Cambodia
Britain’s Minister of Trade and Investment Lord Green is starting his two week visit to Southeast Asia, to promote opportunities for British businesses, in Cambodia Monday, June 10, 2013. The promotion of British businesses is part of a larger effort to enhance the support available to ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjM3MDY2YzIyODJ
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html
Sugar Firm Staff Protest Over Unpaid Wages
About 250 laborers working at a newly opened $90-million sugar factory complex in Kratie province-hailed by the government as a boon to Cambodia’s economy-staged a protest last Saturday morning demanding to be reimbursed for two weeks worth of unpaid wages. District governor Heng Soha acted ...
Cambodia's rice exports up 126 pct in 5 months
Cambodia’s exports of milled rice have sharply increased in the first five months of this year thanks to rising international market demand and country’s rice promotion strategy, an official said Thursday. The country had exported 146,800 tons of milled rice during January-May period this year, up ...
http://news.xinhuanet.com/english/world/2013-06/06/c_132435784.htm
Visas on Myanmar agenda
In a move to facilitate a more unencumbered travel experience in the region, Cambodia, Myanmar, Indonesia and the Philippines plan to develop a mutually beneficial system that would allow tourists to enter the four countries with one single visa. Collaborating with relevant government agencies and stakeholders, ...
http://www.phnompenhpost.com/2013060666095/Business/visas-on-myanmar-agenda.html
Cambodia’s garment exports grow 17.5% in Jan-March’13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Last year, Cambodia exported apparels worth US$ 4.61 billion, ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951
British trade minister to visit Cambodia next week
British minister for trade and investment Lord Green would visit Cambodia next Monday in order to boost bilateral trade and investment ties, according to a media statement from the British Embassy to Cambodia on Wednesday. Mark Gooding, British Ambassador to Cambodia, said trade between UK ...
http://news.xinhuanet.com/english/world/2013-06/05/c_132433361.htm
Japanese oil study ‘Positive’
The hunt for oil around northwestern Cambodia has unearthed “positive” results for Japan Oil, Gas and Metals National Corporation (JOGMEC), which intends to continue exploring the area in a project that could last at least six more years, a government spokesman said. JOGMEC’s survey on the ...
http://www.phnompenhpost.com/2013060566067/Business/japanese-oil-study-positive.html
Cambodian PM inaugurates 90 mln USD water treatment plant in capital
Cambodian Prime Minister Hun Sen on Tuesday inaugurated a new water treatment plant in eastern part of capital Phnom Penh, saying that the plant would meet the rising demand of clean water in the city. The 90 million U.S. dollar plant was invested by the listed ...
http://news.xinhuanet.com/english/world/2013-06/04/c_132430033.htm
Duty-Free Agreements Worry Minister
Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...
http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html
Sea tourism along coast needs infrastructure, investors
Plans to create a tourist circuit encompassing coastal areas of Vietnam, Cambodia, and Thailand could be delayed as infrastructure is not yet in place and authorities cannot find investors. The sea route from the Mekong River Delta province of Kien Giang to Sihanoukville in Cambodia and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTEzNTNmYzMyZDI
PAL to complete investment in Cambodia Air in July
PAL Holdings Inc., operator of flag carrier Philippine Airlines Inc., said Monday it expects to complete a $10-million investment in Cambodia Air by July 15 this year. PAL teamed up with Royal Group of Cambodia in April to establish its first international airline venture known as ...
http://manilastandardtoday.com/2013/05/28/pal-to-complete-investment-in-cambodia-air-in-july/
Cambodian, Swiss senior senators pledge to boost bilateral ties
Cambodian and Swiss senior senators on Monday pledged to help promote bilateral cooperation, particularly in legal field, economics and trade for mutual benefits. The pledge was made during a meeting between First Vice President of the Senate of Cambodia Say Chhum and visiting President of the ...
http://news.xinhuanet.com/english/world/2013-05/27/c_132411625.htm
Hun Sen Tells Landowners in Kep to Obey Tax Law
Prime Minister Hun Sen on Wednesday told landowners in the coastal province of Kep to pay their taxes on unused land and increase the amount of investment in the area to attract more visitors. According to the law, unused land is subject to a 2 percent ...
http://www.cambodiadaily.com/business/hun-sen-tells-landowners-in-kep-to-obey-tax-law-26172/
Students Protest At UN Envoy’s University Lecture
U.N. human rights envoy Surya Subedi on Tuesday received a thorny reception from hundreds of students at a Phnom Penh university, who angrily questioned his impartiality and unfurled banners calling for him to end his work in Cambodia. Special rapporteur Subedi delivered a lecture to about ...
http://www.cambodiadaily.com/news/students-protest-at-un-envoys-university-lecture-25855/
Investments in Cambodia Up
Vietnam’s investment in Cambodia has increased significantly in the last three years, but a mechanism to encourage and oversee investments in prioritized sectors is needed, according to diplomatic sources. Tan Nguyen Tien, head of the economic section at the Vietnamese embassy in Phnom Penh, said Vietnam’s ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjA1NjRhYTIxOTd
Hun Sen Hopes for Increased Rubber Exports
Prime Minister Hun Sen said Wednesday that he hoped land being registered to rural families as part of the government’s nationwide land-titling program would be used to cultivate rubber trees in order to help the country compete with Vietnam as the world’s third-largest rubber exporter. ...
http://www.cambodiadaily.com/news/hun-sen-hopes-for-increased-rubber-exports-24502/
Cambodia-Japan trade volume up 14% in 3 months
Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...
http://news.xinhuanet.com/english/business/2013-05/14/c_132381154.htm
IFC, Deutsche Bank respond to Global Witness report
On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both banks for a response ...
Investment and Trade Fair Opens In Koh Kong
The first three-day Koh Kong Investment and Trade Fair 2013 kicked off on Saturday, promoting trade and investment in the southern provinces of Cambodia with neighbours Thailand and Vietnam. “The [fair] is aimed at promoting trade and development in Koh Kong province and other border ...
http://www.phnompenhpost.com/2013051365565/Business/investment-and-trade-fair-opens-in-koh-kong.html
CIMB says Local Investors Bring More Franchises to Cambodia
The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...