1st Chinese-invested expressway in Cambodia sparks tourist influx to coastal province: PM
Cambodian Prime Minister Samdech Techo Hun Sen said on Monday that some 200,000 vehicles had traveled on the kingdom’s first-ever expressway since it was open to the public for trial use for free on Oct 1. ...
Li says China willing to work with Cambodia on Belt, Road
China is willing to better synergize its development plan with Cambodia and jointly build the Belt and Road Initiative to further consolidate cooperation on key projects of industrial capacity and investment, Premier Li Keqiang said. Li spoke as he met with his Cambodian counterpart Hun ...
China to work further with Mekong countries in water resources
China is ready to consolidate political trust with the five countries along the Lancang-Mekong River, and further cooperate with them in areas of water resources, drought and flood prevention, industrial capacity, agriculture, and human resources, Premier Li Keqiang said on Wednesday. Li made the remarks ...
Business alliance eyes cross-border e-commerce along Mekong River
Companies and organizations from six countries along the Mekong River have established a business alliance, with a view to build a platform for cross-border e-commerce. ...
China Daily Team
Jiangsu province opens trade, economic office in coastal Cambodia
East China’s Jiangsu province on Wednesday opened a trade and economic representative office in the Sihanoukville Special Economic Zone (SSEZ) in southwest Cambodia, aiming to further boost trade and investment ties between the two countries. ...
Xinhua News Staff
CITIC wins $262m contract for building cement plant in Cambodia
China’s leading cement equipment manufacturer and service provider CITIC Heavy Industries Company on Saturday secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to build a $262 million cement plant in Cambodia. ...
Xinhua News Staff
Chinese carrier launches direct flight to Cambodia's Sihanoukville
Lucky Air has launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to the coastal Cambodian city, a local English newspaper reported on Thursday, citing an airline executive. ...
Xinhua News Staff
US losing by pressuring nations not to join Asia bank
For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are ...
ASEAN power chiefs to follow up power grid plan
Leaders of ASEAN power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening ...
Cambodian PM vows to bring greater prosperity to his people
Cambodian Prime Minister Hun Sen said he had set a vision that his country will be among countries with upper middle income by the year of 2030. He said Cambodia has laid out strategies and action plans to achieve an annual economic growth of 6-7 ...
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...
Beijing supports Asian free-trade area
Premier Wen Jiabao said on Monday China supports pushing forward an Asian free-trade area, which will cover 28 percent of world’s total export volume. Previous reports said China is expected to make announcements on Tuesday in Phnom Penh that it will join the talks for the ...
Rice plant helps grow Sino-Cambodian ties
The rice-processing industry is bringing South China’s Guangxi Zhuang autonomous region and Cambodia even closer, as it becomes a new growth point for bilateral cooperation with the Southeast Asian nation aiming to increase its rice exports. A rice milling plant in Kampong Chhnang Province of central ...
Garment maker eyes economic zone in Cambodia
The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...
Officials seek to boost trade ties with Cambodia
A group of Chinese trade officials from South China’s Shenzhen city has been visiting Cambodia to promote the bilateral trade and investment ties. The group was led by Zhang Jinsheng, director of Shenzhen WTO Affairs Office. Addressing a Shenzhen Economic and Trade Forum on Friday afternoon, Zhang ...
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided to establish an overseas branch office in Cambodia to focus on the threeprojects. Pan did not say when the projects will be started. Heng Samrin pledged full support for those projects, which he said will be good to boost thedevelopment of Cambodia’s economy. “Foreign investment is a key factor to accelerate economic development in Cambodia,” he said. ...
Cambodia's banking industry sees 31 pct lending growth in last 12 months
Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. As of June 2012, the kingdom’s 32 commercial banks had ...
Cambodian FM to visit US next week
Cambodia’s Deputy Prime Minister and Foreign Minister Hor Namhong, Chair of 2012 ASEAN, will lead a delegation to pay an official visit to the United States of America on June 12 During the visit, Hor Namhong will have a bilateral talk with the US Secretary of State Hillary Clinton ...
President Hu concludes three-nation Asia trip
Chinese President Hu Jintao left Phnom Penh, capital of Cambodia, for home Monday, after a state visit to the southeast Asian nation. During the visit, Hu met Cambodian King Norodom Sihamoni, Senate President Chea Sim, National Assembly President Heng Samrin and Prime Minister Hun Sen. Hu and ...
Hu, Cambodian PM agree to advance ties
Chinese President Hu Jintao and Cambodian Prime Minister Hun Sen agreed here Saturday to advance the comprehensive relations of strategic cooperation and partnership between their two countries. In a meeting, the two leaders pledged to expand mutually beneficial cooperation in all fields and to double the ...