News

‘Tourism, Dynamic Area In Economic Sector’

Rita O’ Sullivan, ADB Country Director Tourism is a dynamic component in the economic sector. In the Greater Mekong Sub Region – Thailand, Myanmar, Laos and Cambodia – bound together by the Mekong River, the tourism industry is a driving force, says Rita O’ Sullivan, ...

http://www.thesundayleader.lk/2012/09/23/tourism-dynamic-area-in-economic-sector/

The bank that likes to say less: Cambodia’s greatest commercial success story is not over yet

AN HOUR’S drive south of Phnom Penh, deep in rural Cambodia, Chrek Heang is doing the rounds of his rapidly expanding poultry and fisheries business. Just four years ago he was living, like most of his countrymen, in a small wooden hut with a tin ...

http://www.economist.com/node/21563302

Fair facilitates economic ties with Cambodia

A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...

http://vietnamnews.vnagency.com.vn/Economy/230445/fair-facilitates-economic-ties-with-cambodia.html

Activists Stage Flash “Faint-Ins” at H&M, Gap to Protest Sweatshop Conditions

Dozens of human-rights activists are staging flash “faint-ins” at high-street retailers across Europe to illustrate the high incidence of mass fainting in Cambodia’s apparel factories. Protestors from the Clean Clothes Campaign, an alliance of organizations in 15 European countries dedicated to improving working conditions in ...

http://www.ecouterre.com/activists-stage-flash-faint-ins-at-hm-gap-to-protest-sweatshop-conditions/

Chinese language study surging in Cambodia

As China has risen to become the world’s second-largest economy and cemented close political and economic ties with the Kingdom, many people see advantages in speaking the language of their powerful northern benefactor.   From 1994 to 2011, data from the Council for the Development of Cambodia show ...

http://etmcambodia.com

Int'l Rights Group Says Abuses 'Systematic' in Cambodia

An international rights group yesterday said the situation of human rights in Cambodia was continuing to worsen and accused the government of being “at war” with its own citizens over access to land. In its briefing paper, the Paris-based International Federation for Human Rights (FIDH) also said that Cambodia was ...

Unesco Director Condemns Cambodian Journalist's Killing

The director-general of Unesco on Thursday spoke out against the murder of journalist Hang Serei Odom in Ratanakkiri province, and called for the authorities to provide justice for the victim and his family. “I am deeply concerned by the killing of Hang Serei Odom,” Irina Bokova ...

Cambodia sets up telco regulatory body

Telecommunication Regulator of Cambodia (TRC) will supervise the country’s telecoms sector, govern rules and regulations over the establishment of fair pricing, and inspect techniques and administration of networks.. Cambodia on Thursday officially launched the Telecommunications Regulator of Cambodia (TRC) which will be responsible for overseeing the ...

http://www.zdnet.com/cambodia-sets-up-telco-regulatory-body-7000004604/

Construction sector investment soars

Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 8s-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this ...

The Week at the CSX - Sept 6-12, 2012

The price of Phnom Penh Water Supply Authority stock over the Sept 6-12 period fluctuated between KHR 6,350 (US $1.57 and KHR 6,300 (US $1.55). The price on Sept. 6, KHR 6,350 fell to KHR 6,300 (US $1.58) on Sept 7 and remained there ...

http://etmcambodia.com

Telecommunications Regulatory Body Launched

With a proposed telecommunications law yet to be approved, the Ministry of Post and Telecommunications yesterday launched the Telcom Regulator of Cambodia (TRC) to handle disputes between mobile phone companies and Internet providers, although officials admitted that the body will have limited powers. .. But unless ...

Thousands Evacuated, but Floodwaters Abating

More than 400 families in Banteay Meanchey province have now been evacuated from their homes due to heavy flooding in towns and villages along the Thai border, provincial officials said yesterday. About 100 families were evacuated from Poipet City – the worst-hit area – yesterday alone, ...

Board Passes Nearly $850M in Investments

The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...

Cambodian PM: Poverty reduction target may hit 2 years earlier

Cambodia is expected to achieve the Millennium Development Goal (MDG) in poverty reduction two years earlier than the UN-imposed target, Prime Minister Hun Sen said Friday. According to the UN MDG, Cambodia is set the target to reduce poverty rate to 19.4 percent by 2015, meaning ...

http://news.xinhuanet.com/english/world/2012-09/21/c_131865877.htm

CP Group plans more investment in Indochina

Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from ...

http://www.nationmultimedia.com/business/CP-Group-plans-more-investment-in-Indochina--30190834.html

Phnom Penh sees rise in shipments in 2012

Container traffic through the Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year compared to the sme period last year, according to port figures. In the January through August period, the port received 57,000 twenty-foot-equivalent units, or TEUs, up ...

http://etmcambodia.com

Hun Sen Says Shootings, Traffic Accidents Threaten Tourism

Gun violence and fatal traffic accidents are hurting the government’s efforts to boost tourism, Prime Minister Hun Sen said yesterday, urging local authorities to take action-even against the powerful. Mr. Hun Sen also said the government has earmarked sites for two new international airports to cater to ...

Union boss adds another strike to plate

With a court date hanging over his head for his involvement in the Tai Yang factories strike in Kandal province, Cambodian Confederation of Unions president Rong Chhun yesterday intervened in another garment dispute, this time in Kampong Speu province. About 1,000 workers entered day five of ...

http://www.phnompenhpost.com/index.php/2012092158840/National-news/union-boss-picks-another-fight.html

Phnom Penh to get new airport

Prime Minister Hun Sen announced yesterday that Cambodia is going to build a new international airport in Phnom Penh, in response to the rising number of passengers received every year. The Kingdom is expected to get seven million tourists a year by 2020. The initial concept ...

http://www.phnompenhpost.com/index.php/2012092158838/Business/phnom-penhs-second-airport-takes-off.html

Telco regulator launched

The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing  conflicts among mobile ...

http://www.phnompenhpost.com/index.php/2012092158837/Business/telecom-ministry-launches-regulator.html

Cambodian PM targets 7 million tourists by 2020

Prime Minister Hun Sen says Cambodia can earn $5 billion a year from tourists by more than doubling foreign visitors to 7 million by 2020. Hun Sen told a tourism seminar Thursday that Cambodia would need to improve the quality of services and infrastructure for ...

http://www.newsday.com/news/world/cambodian-pm-targets-7-million-tourists-by-2020-1.4021006

Cambodian Land Mass More Than Originally Thought, Hun Sen Says

Prime Minister Hun Sen has announced that Cambodia’s total land mass is some 300 square kilometers more than historically stated and wants to put the number in the constitution. His announcement is thought to be a response to political opponents and critics who accuse ...

http://www.voacambodia.com/content/cambodian-land-mass-more-than-originally-thought-hun-sen-says/1506663.html

Vinci sees more airport opportunities

French construction and concessions group Vinci expects to see considerably more opportunities to acquire airport concessions in the next two years, its chief executive said on Thursday Vinci’s concessions unit, the operator of nine regional airports in France and Cambodia’s three main airports, is keen on ...

http://www.reuters.com/article/2012/09/20/vinci-acquisitions-idUSL5E8KK43020120920

U.S. to aid Cambodia in agriculture, food security, environment

The United States will sign up to provide 18.5 million U.S. dollars to Cambodia to support the country’s priorities in agriculture, food security, and climate change adaptation and mitigation, according to a media release from the U.S. Embassy here on Thursday. The agreement will be signed ...

http://news.xinhuanet.com/english/world/2012-09/20/c_131863234.htm

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