News

Cambodia lags Asean peers in eliminating tariffs

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-lags-asean-peers-eliminating-tariffs

Factory for Nissan cars, parts proposed

A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/factory-nissan-cars-parts-proposed

NBC modernizes payment system

The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...

May Kunmakara
http://www.khmertimeskh.com/news/25854/nbc-modernizes-payment-system/

US companies eager to reap benefits of ASEAN integration

The rollout of the Asean Economic Community (AEC), beginning on December 31st this year, could propel significant growth for American companies in the Asia-Pacific region, according to experts. ...

Emma Cramer
http://www.voacambodia.com/content/us-companies-eager-to-reap-benefits-of-asean-integration/2887036.html

Experts tell Laos, VN, Cambodia to study border issues

Delegates from Viet Nam, Cambodia and Laos discussed the ASEAN Economic Community’s effects on transnational natural resources at an annual international conference on cross-border economic co-operation. ...

Viet Nam News Staff
http://vietnamnews.vn/society/273671/experts-tell-laos-vn-cambodia-to-study-border-issues.html

Thailand pushes for more connectivity ahead of AEC

Thailand has made great strides to adjust its rules and regulations to work seamlessly with the ACMECS member nations and their plan of action, Prime Minister Prayut Chan-o-cha said Tuesday. The success of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) grouping was setting the pace for ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/world/thailand-pushes-for-more-connectivity-ahead-of-aec-13182

Vietnam's stamp design used among ASEAN nations

The stamp and postmark designed by Vietnamese artists will be produced as a joint issue stamp within the Association of Southeast Asian Nations (ASEAN) on Aug. 8, 2015 to celebrate the association’s 48th founding anniversary and the formation of the ASEAN Economic Community by Dec. ...

The Cambodia Herald​ News Staff
http://bit.ly/1bAWN41

PM calls for greater collaboration among ministries

With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...

Ananth Baliga
http://www.phnompenhpost.com/pm-calls-greater-collaboration-among-ministries

ASEAN economic ministers expect stronger growth in 2015

The ministers expect ASEAN’s economy to improve in 2015 to 5.1% – above the 3.5% global growth projection – based on the stronger demand in advanced economies, energised by the robust US recovery and several policy stimulus measures in the Eurozone and Japan. ...

Channel News Asia News Staff
http://www.channelnewsasia.com/news/business/asean-economic-ministers/1687244.html

Commerce Ministry takes AEC on the road

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...

Chan Muyhong
http://www.phnompenhpost.com/commerce-ministry-takes-aec-road

Cambodian PM urges students to enhance abilities as ASEAN community nears

Cambodian Prime Minister Hun Sen on Saturday appealed to students to study hard to develop their own abilities to compete in regional job markets as the ASEAN will turn into a community by the end of 2015. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-11/01/c_133759246.htm

PM Prayut heads to Cambodia on October 30-31

The Thai prime minister would be holding talks with his Cambodian counterpart today to strengthen bilateral relations between both nations in order to be prepared for the ASEAN Economic Community (AEC). ...

National News Bureau of Thailand News Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNPOL5710300010005

Open economy needs new strategy for regional integration

Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/open-economy-needs-new-strategy-for-regional-integration-71127/

Cambodian children more vulnerable under Asean integration, report warns

Rights workers fear for the safety of Cambodia’s vulnerable children once Asean joins in an economic community next year. Children could also face more risk from economic pulls, experts warn. That includes families sending their children to work in other countries, where they will be ...

Suy Heimkhemra
http://www.voacambodia.com/content/cambodian-children-more-vulnerable-under-asean-integration-report-warns/2489920.html

Livestock law near approval

A draft law on animal health and production is expected to be approved by the December 2015 Asean Economic Community (AEC) deadline, government officials say. Soun Sothoeun, deputy director of animal health and production at the Ministry of Agriculture, said on Friday that the new law ...

Chan Muyhong
http://phnompenhpost.com/business/livestock-law-near-approval

Cambodia needs more investments and global integration – Moody's

Cambodia needs increased investments, and for that, deeper regional as well as global integration is crucial, Moody’s Investors Service has said. The B2 sovereign bond rating is constrained by the small size of the economy, low per capita income and high level of dollarization while robust ...

Boby Michael
http://www.ibtimes.co.uk/cambodia-needs-more-investments-global-integration-moodys-1467675

Report calls for foreign teacher trainers, higher salaries

Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...

Zsombor Peter
http://www.cambodiadaily.com/news/report-calls-for-foreign-teacher-trainers-higher-salaries-67184/

Thai capital market should cater to Cambodia, Laos, Myanmar

Thailand’s capital market should aim to be a funding base for Cambodia, Laos and Myanmar to gain the full benefit from high growth in the Greater Mekong Subregion and a more integrated region through the Asean Economic Community (AEC), panellists at a Euromoney Conferences forum ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MTc2MDk3YzQ2ZTI

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