ព័ត៌មាន
Cambodia tweaks trip estimate
Cambodia’s Ministry of Tourism has revised tourist travel arrivals from 3.8 million to 4.2 million by year-end. Tourism Minister Thong Khon told local media, earlier this week, that the adjustment was based on a January to April’s performance with 1.5 million trips. “Earlier, we forecast 3.8 million, ...
http://www.ttrweekly.com/site/2013/06/cambodia-tweaks-trip-estimate/
India seeks to enhance trade links
An Indian business delegation visiting Cambodia hopes to boost bilateral cooperation in trade, tourism and transport, officials said yesterday. Meeting with key Cambodian officials, Director General of the Indian Chamber of Commerce said the Kingdom presented many opportunities for India. ...
http://www.phnompenhpost.com/2013061466268/Business/india-seeks-to-enhance-trade-links.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/
Cambodia Carrier on Track with New Flights
Cambodia Angkor Air will launch routes to China and the South Korean city of Seoul by August while it eyes additional destinations to Singapore and Malaysia, according to a senior official with the country’s national carrier. “Singapore is a hub for Asia, so we have ...
http://www.phnompenhpost.com/2013060466030/Business/cambodia-carrier-on-track-with-new-flights.html
NagaCorp rolls dice on $15 million VIP terminal
A private VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion. NagaWorld, the ...
Cambodian police clash with thousands of garment workers, 23 hurt
At least 23 workers were hurt in Cambodia on Monday when police using stun batons moved in to end a protest over pay at a factory that makes clothing for U.S. sportswear company Nike , a worker and a trade union representative said. Police with riot ...
http://www.reuters.com/article/2013/05/27/cambodia-garments-workers-idUSL3N0E829T20130527
Eviction Protestors Block Phnom Penh International Airport
About 20 people protesting their pending eviction from their homes near Phnom Penh International Airport blocked people from leaving or entering the airport for about half an hour yesterday, before a large force of police broke up their protest. In July, authorities told 182 families ...
http://www.cambodiadaily.com/news/eviction-protesters-block-phnom-penh-international-airport-26147/
Cambodian PM to visit Macau in September
Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...
http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html
Cambodia’s Economic Opportunity
While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...
http://thediplomat.com/2013/05/09/cambodias-economic-opportunity/
Tonle Sap Airlines suspends its flights
Local charter carrier Tonle Sap Airlines has suspended flights until June, in what appears to be the latest of a series of disruptions affecting the airline, which has also recently encountered financial turbulence. The airline, which operates chartered flights from Siem Reap to China, Taipei, and ...
http://www.phnompenhpost.com/2013050965498/Business/tonle-sap-airlines-suspends-its-flights.html
Cambodia enjoys travel growth
Cambodia’s tourist arrivals registered a 19.9% growth in February according to the country’s statistics and tourist Information Department. The country welcomed 385,760 visits compared to 321,870 during the same month in 2012. Released by the Ministry of Tourism, Monday, data showed neighbouring Vietnam was the top supplier ...
http://www.ttrweekly.com/site/2013/05/cambodia-enjoys-travel-growth/
Laos, Cambodia aim to address illegal border issues
Illegal border movements, illegal logging, drug trafficking, illegal fishing and unofficial cross border trade are among the issues being confronted by Laos and Cambodia along their shared border at the moment. The report was made during a meeting held between Champassak provincial authorities from Laos and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzA1YzU0ODk0ZDM
Thailand and Cambodia to forge closer trade talks
After the fourth Joint Trade Commission (JTC) recently, Commerce Minister Boonsong Teriyapirom said that Thailand and Cambodia had the potential to drive two-way trade up by 30 per cent, due to strong growth in 2012. Last year, bilateral trade grew by 40.5 per cent year on ...
Tuk-Tuk Maker Eyes Cambodian Market
Japan-based Terra Motors Corporation viewed Cambodia as a potential market for its electric tuk-tuk, the company’s general manager of overseas sales said yesterday. “We’re thinking of entering the Cambodian market as well. But at this moment, there are no concrete plans. [We] just hope to enter,” ...
http://www.phnompenhpost.com/2013032964775/Business/tuk-tuk-maker-eyes-cambodian-market.html
ASEAN countries agree to greater economic cooperation
Senior representatives for Cambodia, Laos, Myanmar, Vietnam and ASEAN met here Tuesday and issued a joint statement highlighting their agreement to forge stronger mutual investment, trade, transport and scientific cooperation links. The joint statement was released at the conclusion of the 6th annual Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit, ...
http://news.xinhuanet.com/english/business/2013-03/12/c_132228469.htm
Infrastructure spending rises
Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public ...
http://www.phnompenhpost.com/2013022261558/Business/infrastructure-spending-rises.html
Healthy growth for Cambodia’s economy
A NEW report from the Organisation for Economic Co-operation and Development (OECD) says GDP growth in Cambodia over the next five years is likely to hit 6.9 per cent, the highest of any ASEAN country apart from Laos. However, the report warns that Cambodia needs to ...
Regus Opens in Cambodia, Expands Footprint to 99 Countries
Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...
Four People Injured After Two Buses Collide
Three Vietnamese nationals and one Cambodian were hospitalized Saturday after two commercial buses driving between Phnom Penh and Ho Chi Minh City collided in Svay Rieng province, police said yesterday. Ouch Sarun, provincial traffic police chief, said that the two buses [belonging to Van Rec. Co. Ltd., and ...
Mekong River threatened by transport of dangerous goods
The Mekong River Commission has released a comprehensive risk analysis of the transport of dangerous goods and issued recommendations to prevent oil spills, industrial waste and other emerging threats from navigation. Developed by the MRC Navigation Programme in Phnom Penh, the risk analysis finds that the ...
Toll Royal Railways expands
Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...
http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html
Possible benefits for Cambodia in Mekong Region trade
Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...
Growth in service sector brings more challenges
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...
http://www.tourismcambodia.com/news/events/7109/growth-in-service-sector-brings-more-challenges.htm
Transport costs remain high
Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...
http://www.phnompenhpost.com/index.php/2012092758948/Business/transport-costs-remain-high.html