News

Industry largely bullish on AEC integration

Government and business representatives continue to remain optimistic about Cambodia’s prospects after the ASEAN Economic Community integration next year, saying that the Kingdom had upped production levels and strengthened quality measures to remain competitive in the region. ...

Sor Chandara
http://www.phnompenhpost.com/business/industry-largely-bullish-aec-integration

Workers say ASEAN integration won’t bring them home

When Asean more closely integrates economically later this year, more goods and services will flow freely between member states.But that will likely mean a greater outflow of Cambodian workers abroad, and not the reverse, workers say. That includes travel to countries outside Asean, like South ...

Sok Khemara
http://www.voacambodia.com/content/workers-say-asean-integration-wont-bring-them-home/2947051.html

Prayut makes his pitch for border investment

Thailand wants more Japanese businesses to expand their investment in Thailand, especially in government-promoted special economic zones (SEZs) that could be used as production bases once the Asean Economic. ​ The prime minister said Thai border trade of 900 billion baht a year could potentially grow ...

Lamonphet Apisitniran
http://www.bangkokpost.com/business/news/615412/

Cambodia inaugurates Japan-funded bridge across Mekong River

Cambodia on Monday inaugurated the Japan-funded Tsubasa Bridge across the Mekong River. The suspension bridge, built at a cost of ¥119.4 million, allows National Route 1 to cross the Mekong River. At 2,215 meters, it is the longest bridge in Cambodia. ...

The Japan Times News Staff
http://bit.ly/1N0vCQV

Time for business to step up

Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...

Hor Kimsay
http://www.phnompenhpost.com/time-business-step

SME policy needed by AEC

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...

Eddie Morton
http://www.phnompenhpost.com/sme-policy-needed-aec

Singapore PM hopeful for Asean

Singapore’s Prime Minister Lee Hsien Loong says much work is still needed to establish the ASEAN Economic Community (AEC), a single market for trade and development in 2015. Lee, head of the most advanced economy in the 10-member Association of Southeast Asian Nations, or ASEAN, ...

Kay Kimsong
http://www.phnompenhpost.com/business/singapore-pm-hopeful-asean

Tax reform looms large for new government

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

Daniel de Carteret
http://www.phnompenhpost.com/business/tax-reform-looms-large-new-government

Troubling contrasts in ASEAN

Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...

Joe Freeman
http://www.phnompenhpost.com/business/troubling-contrasts-asean

Cambodia near top of list for expat workers

Cambodia is one of the most attractive countries for expatriates working for US companies in ASEAN, according to a survey of 475 US business executives from throughout the region. Of those surveyed in Cambodia, 65 per cent reported that employees in other locations requested to relocate ...

http://www.phnompenhpost.com/business/cambodia-near-top-list-expat-workers

AEC will 'Cut impact of US, EU woes'

Malaysia is optimistic Asean is ready to be integrated into a single economic block by December 2015 despite uncertainties over growth in the euro zone and the US. International Trade and Industry Minister Mustapa Mohamed said the 10 member countries would be able to cushion the ...

http://www.nationmultimedia.com/business/AEC-will-Cut-impact-of-US-EU-woes-30195833.html

AEC pushed back 12 months

Asean leaders have decided to delay the launch of the Asean Economic Community (AEC) for 12 months from Jan 1 to Dec 31, 2015 to prepare the necessary regulations. Lao deputy Prime Minister and Minister for Foreign Affairs Thongloun Sisoulith told the Bangkok Post that Asean ...

http://www.bangkokpost.com/news/local/321914/aec-pushed-back-12-months

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