News

Cambodia Hopes to Benefit from Joint Oil Project

Cambodia will receive most of the income derived from a joint project to exploit promising offshore oil reserves, official sources have confirmed here. Ek Tha, spokesman for the Cabinet Office said that in negotiations with Chevron, the government proposed reaping 70 to 80 percent of the ...

http://www.plenglish.com/index.php?option=com_content&task=view&id=576551&Itemid=1

Thai flood: thousands may evacuate in Northwestern Cambodia

Due to rising water level in Thailand’s reservoirs caused by heavy rainfall, the Thai government announced the opening of a dam in Sa Kaeo province, located about 20 km from the Cambodian border. This decision will potentially affect 10,000 Cambodian families in Poipet, Serei Sophorn ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=92

Rice Exports Increases Two Percent

Cambodia’s total milled rice exports increased just two percent to 131,064 tons over the first nine months of this year in comparison to the same period last year, according to data released from the Ministry of Agriculture ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=90

UAE says mulling investment in halal food, rice in Cambodia

The United Arab Emirates (UAE) is considering investing in halal food production and rice milling in Cambodia, visiting UAE Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi said here on Tuesday. Speaking in a meeting with Cambodian Prime Minister Hun Sen at the Peace ...

http://news.xinhuanet.com/english/business/2012-10/02/c_131885280.htm

Tiger Airways launches daily service to Singapore

Direct daily flights between Phnom Penh and Singapore started yesterday with the first Tiger Airways flight departing at 8:30am and landing in Singapore at 11:30am, kicking off a seven-days-a-week low-cost service. The company is offering a special price of US$38 one-way from Phnom Penh to Singapore ...

http://www.phnompenhpost.com/index.php/2012100259032/Business/tiger-airways-launches-daily-service-to-singapore.html

Tiger Airway's 1st Flight Lands in Phnom Penh

Tiger Airways inaugural flight from Singapore to Cambodia touched down at Phnom Penh International Airport yesterday morning, making the low-cost carrier the 21st airline to offer daily flights to the capital. Mao Havanall, secretary of state at the State Secretariat of Civil Aviation, said yesterday ...

Garment Exports to EU Catching Up With US

The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.S. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ...

Vietnamese bank to extend operation

Vietnamese Bank Sacombak (Cambodia) Plc, a wholly-owned subsidiary of Sacombank in Vietnam, will extend its operation in the Cambodian financial market, according to a bank official. Nguyen Nhi Thanh, CEO and President of Sacombank in Cambodia, said during the first anniversary celebration after the bank’s transformation ...

http://www.phnompenhpost.com/index.php/2012100259030/Business/vietnamese-bank-invests-in-cambodia.html

Investment Needed to Reach Rice Export Target

Cambodia exported just 78,000 tons of milled rice through the first eight months of 2012, and if the government is to reach its target of exporting 1 million tons each year by 2015 the agriculture sector needs more access to financing, participants at the Cambodian ...

Northwest Prepares as Thailand Opens Dam

Thai authorities yesterday opened a dam near the Cambodian border, a move that could worsen flooding and affect thousands of people in Banteay Meanchey province, according to Cambodian officials. Mr. Vanda [vice president of the National Committee for Disaster Management (NCDM)] said the excess water ...

Flood's deadly toll contested

Disputed figures surround the flood death toll in Banteay Meanchey province. Yesterday, Banteay Mean­chey city hall spokesman Keo Ratanak rejected reports that more than 10 people had drowned in the province as a result of the flooding, saying: “The exact number is seven.” But according to numbers ...

http://www.phnompenhpost.com/index.php/2012100259036/National-news/floods-deadly-toll-contested.html

Emirates ask for more rice

As part of its plan to become of the world’s top exporters of rice, Cambodia is looking to increase its rice shipments to the United Arab Emirates, one of the world’s main milled rice importers. Cham Prasidh, Minister of Commerce, met with delegates and businessmen led ...

http://www.phnompenhpost.com/index.php/2012100259035/Business/uae-asks-for-more-rice.html

Four face charges in incitement case

Ratanakkiri Provincial Court yesterday summonsed three well-known rights workers and a journalist to appear for questioning next week over years-old incitement charges in connection with a long-standing land dispute. In a summons signed by deputy provincial prosecutor Chea Sopheak, the court ordered Radio Free Asia journalist Sok Ratha, ...

http://www.phnompenhpost.com/index.php/2012100259037/National-news/prominent-activists-face-incitement-charges.html

Hun Sen Asks China for Loan to Build New Road

Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...

Rice exports up 2 percent over last year

Cambodia’s total export of milled rice via the single window office slightly increased by two per cent over the first nine months of this year compared to the same period last year, according to data from the Ministry of Agriculture. Speaking at the Cambodian Rice Forum ...

http://www.phnompenhpost.com/index.php/2012100259022/Business/rice-exports-up-2-per-cent-over-last-year.html

Three Rights Workers, Journalist Summoned Over Incitement

The Ratanakkiri Provincial Court yesterday summoned three human rights workers and a journalist over allegations that hey incited indigenous ethnic minority villagers in Lumphat district to protest violently against a powerful agro-industry company in 2009. Deputy court prosecutor Chea Sopheak said he had requested Adhoc provincial ...

Shots fired at me, says Tep Kolap

In a bizarre series of events, only days after being vindicated by the Supreme Court, Phnom Penh International University rector Tep Kolap claimed to have been chased across Phnom Penh yesterday evening by men who shot at her car as she sought refuge in Prime ...

http://www.phnompenhpost.com/index.php/2012100259043/National-news/tep-kolap-alleges-attempted-murder.html

Sonando Jailed for 20 Years; Sentence Denounced

The Phnom Penh Municipal Court handed down a 20-year jail sentence to independent radio station owner Mam Sonando yesterday for his role in fomenting an alleged secessionist movement in a decision drawing condemnation from human rights groups and some of Cambodia’s main foreign donors. The court ...

IMF: Cambodia’s economy expected to grow 7 pct in 2012

The International Monetary Fund (IMF) predicted Tuesday that Cambodia’s economy could grow as high as 7 percent this year, 0.8 percentage points higher than its April’s forecast of 6.2 percent. Speaking in a meeting with Cambodian Deputy Prime Minister Sok An, IMF’s Chief of Mission to ...

http://www.nzweek.com/world/imf-cambodias-economy-expected-to-grow-7-pct-in-2012-8368/

New condominium launched

A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...

http://www.phnompenhpost.com/index.php/2012100259027/Business/new-condominium-launched-in-phnom-pehn.html

September 2012 Maps

– Economic Land Concessions –  ‘ELCs’ – ( Government Data Partial 3 items, and 1 cancelled concession) Click here to download – Mining ( Secondary source data: 79 items ) Click here to download If you have map data to share or compare, please get in touch! info@opendevcam.net ...

New outsourcing players challenge export giants

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

http://www.just-style.com/management-topic/new-outsourcing-players-challenge-export-giants_id115700.aspx

Over 600% Growth in UAE Re-Exports to Cambodia in 2011:

The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290001004928&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

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