News

Bilateral Talks, and Their Two Interpretations

Two polarizing narratives emerged after the Monday night discussion between U.S. President Barack Obama and Prime Minister Hun Sen, with the U.S. claiming it had been “tense,” while Cambodia insisted the talks were cordial. When it came to agenda, Mr. Obama put human rights, electoral and ...

http://www.cambodiadaily.com

Officials ignore call for special small and medium enterprises bank

Cambodian officials have refused to establish a specialised bank for small and medium enterprises (SMEs) despite experts saying the sector needs aid in order to compete efficiently with ASEAN economic integration in 2015. Hang Chounnaron, secretary of the Ministry of Economy and Finance said Cambodia would ...

http://www.phnompenhpost.com/index.php/2012112059836/Business/officials-ignore-call-for-special-sme-bank.html

Acleda to Launch Banking Services in Burma

Acleda Bank announced on Sunday that it will expand its banking services into Burma by opening a microfinance institute there in January. ...

http://www.cambodiadaily.com

Asean Agrees to Promote Free Flow of Labor

Economic ministers from Asean’s 10 member states signed an agreement yesterday to loosen restrictions around the movement of skilled labor in the region, part of preparation for the integration of the Asean Economic Community in 2015. The Asean Movement of Natural Persons Agreement is supposed to ...

http://www.cambodiadaily.com

Trade, Investment Focus Of Asean-India Summit

With political and cultural ties between India and Southeast Asia already strong, economic issues were the focus of the 10th Asean-India Summit at the Peace Palace yesterday in Phnom Penh, the India ambassador to Cambodia said. ...

http://www.cambodiadaily.com

Land dispute back in court

Seven representatives of 415 families entangled in an unresolved land dispute with a deputy commander of the Royal Cambodian Armed Forces have received a second summons to appear in Battambang Provincial Court to clarify accusations that they had vandalized the commander’s property, “They not only ...

http://www.phnompenhpost.com/index.php/2012112059821/National-news/land-dispute-back-in-court.html

Movement on migrant Memorandum of Understanding

A migrant worker Memorandum of Understanding (MoU) is back in the spotlight after Malaysia yesterday agreed to send a delegation of senior government officials to meet with their Cambodian counterparts tomorrow and Thursday. MoU talks are of mounting importance in the face of escalating evidence of ...

http://www.phnompenhpost.com/index.php/2012112059823/National-news/movement-on-migrant-mou.html

Coca-Cola, Smart Mobile again team up for top-ups

Coca-cola and Smart Mobile have teamed up in a joint promotion to give away $1 million worth of prizes, including top-up minutes and 25 Samsung Galaxy S3 smartphones using numbers printed under bottle caps of Coca-Cola, Fanta and Sprite. The promotion started on November 1 ...

http://www.phnompenhpost.com/index.php/2012112059834/Business/coca-cola-smart-mobile-again-team-up-for-top-ups.html

Pregnancy terminated in bid to regain old job

A woman fired from the Conpress Holding garment factory last week said she terminated her pregnancy of three months on Sunday in a desperate bid to gain reinstatement for herself and three other workers fired last week for unionising. Huk Pov, Free Trade Union president ...

http://www.phnompenhpost.com/index.php/2012112059825/National-news/pregnancy-terminated-in-bid-to-regain-old-job.html

Envoy hopeful of more direct flights from Phl to Cambodia

The Philippine ambassador in Cambodia is confident there will be more direct flights between the two Asian countries, apart from the current Manila-Siem Reap route, which is six hours away by land from this capital. Ambassador Noe Wong expressed optimism there will be another memorandum of ...

http://www.philstar.com/headlines/2012/11/19/868375/envoy-hopeful-more-direct-flights-phl-cambodia

Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft

In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...

http://www.etmcambodia.com/viewarticles.php?articlesid=304

Cambodia-U.S. trade reaches 2.2 bln USD in 9 months, up 2 pct

The bilateral C volume between Cambodia and the United States reached 2.2 billion U.S. dollars in the first nine months of this year, a 2 percent rise compared with 2.15 billion U.S. dollars at the same period last year, according to the statistics of the ...

http://news.xinhuanet.com/english/business/2012-11/19/c_131984263.htm

Bank of China launches dual currency ATM card

The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...

http://www.phnompenhpost.com/index.php/2012111959801/Business/bank-of-china-launches-dual-currency-atm-card.html

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