News

Czech to increase diplomatic ties with Cambodia

The Czech Republic is going to set up its embassy residence here next year in order to strengthen and expand bilateral relations and cooperation between the two nations, the newly-designated ambassador of the Czech Republic to Cambodia Vitezslav Grepl said Tuesday. He said the permanent ...

http://www.nzweek.com/world/czech-to-increase-diplomatic-ties-with-cambodia-38328/

Agricultural options eyed in Cambodia

Representatives from over 100 Cambodian and Vietnamese companies gathered in Phnom Penh to seek agricultural investment opportunities between the two countries. Participants listened to reports on trade and co-operation opportunities in agriculture, forestry, aquaculture and seafood, delivered by representatives from both governments. They discussed Viet Nam’s ...

http://vietnamnews.vn/Agriculture/234150/agricultural-options-eyed-in-cambodia.html

Cambodia Sees Opportunity for US Investment in Agriculture

Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business relatively free from the graft as Cambodia makes anti-corruption headway. Cham Prasidh was in Washington last week, where he and other ...

http://www.voacambodia.com/content/cambodia-least-competitive-in-region-on-global-index/1559776.html

Costs outweigh the benefits of foreign direct investment: FAO

Cambodia has been featured as a case study in a new report launched by the Food and Agriculture Organization of the United Nations (FAO) focusing on the effect of foreign direct investment (FDI) in developing nations’ agricultural sectors. While the report acknowledges the positive effects ...

Erika Mudie
http://www.phnompenhpost.com/index.php/2012111559750/Business/costs-outweigh-the-benefits-of-foreign-direct-investment-fao.html

Cambodian Economy Hurt by Land Evictions

Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...

http://www.cambodiadaily.com

As Climate Changes, Farmers Need More Help

The government is not doing enough to help farmers weather the destructive effects of drought and flooding brought on by climate change, leaving NGOs to provide aid and emergency relief in cases of natural disaster, agriculture industry leaders said at a forum yesterday. ...

http://www.cambodiadaily.com

Trade with Thailand increases

Trade between Cambodia and Thailand increased by about 40 per cent to US$3 billion in the first nine months of this year in comparison with the same period last year, according to figures provided by the Royal Embassy of Thailand in Cambodia. According to Nat Vimonchandra, ...

http://www.phnompenhpost.com/index.php/2012110559559/Business/trade-with-thailand-increases.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

In Speech, Hun Sen Implicated His Cousin in Land Grabbing

Prime Minister Hun Sen on Friday implicated his cousin as being behind an attempt to sell land in Svay Rieng province that was set aside by the government in 2009 to provide hundreds of land titles to villagers on a social land concession. Speaking at a ...

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/

UN Says Cambodia 'Food Secure' Thanks to Gov't Policies

While the global economic crisis weakened the ability of Cambodian households to purchase food, the government’s focus on agricultural production and other policies have since helped alleviate food insecurity in the country, the U.N. Conference on Trade and Development said in a new report. Between June ...

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

Cambodia records US$1.51-B trade deficit in 7 months

Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday. During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at ...

http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm

Countrywide Drought Is Damaging Rice Paddies

More than 16,000 hectares of rice paddies are currently being affected by drought across the country, officials said yesterday. “There wasn’t enough rain for the rice this year, ” said Nhep Srorn, director of Takeo province’s agriculture department. Pich Sokhin, governor of Oddar Meanchey province, said ...

Huge Chinese property project announced

Chinese firm Hainan Ruijin Investment Holding Company (HRIH) has announced an ambitious, US$5.8 billion property project including holiday resorts and high-rise apartments outside of Sihanoukville. Plans for the development, which has been dubbed Sihanoukville-Hainan City, have been approved by the Cambodian government. Further details, such as the ...

Small Signs Show Investors Slowly Diversifying in Cambodia

The lastest investment data from the government shows that Cambodia’s economy is moving away from the long-trusted staple of the garment sector and into more compplex industries. For more than a decade, garments have accounted for the lion’s share of the country’s export market as investors shied away ...

China firm proposes $6.5bn deal

Chinese firms have huge ambitions for Cambodia, with a second firm this week proposing three projects worth an estimated US$6.5 billion to the National Assembly yesterday, but no deadlines were set for the implementation of the projects, according to officials. Pan Xiaoping, chairman of Ruijin Investment Holding Ltd, ...

http://www.phnompenhpost.com/index.php/2012080957898/Business/china-firm-proposes-65bn-deal.html

CEDAC pools capital to produce organic rice

Cambodian Center for Study and Development in Agriculture (CEDAC), a Cambodian agricultural organisation, will collect US$20 million from the Kingdom’s farmers through 2022 in an attempt to accumulate capital for organic rice production. Oun Sophal, president of CEDAC’s Farmer Network from Kampot province’s Dang Tong ...

http://www.phnompenhpost.com/index.php/2012080657818/Business/cedac-pools-capital-to-produce-organic-rice.html

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