News

H&M meets NGOs and factories to improve working conditions

H&M Hennes & Mauritz’s head of sustainability Helena Helmersson was in Cambodia last week to meet with ILO/Better Works Cambodia on how to improve working conditions in export garment factories. Helmersson said in a blog post that the lack of dialogue between workers and factory management ...

http://www.just-style.com/news/hm-meets-ngos-and-factories-to-improve-working-conditions_id115807.aspx

Cambodia, Vietnam agree to details of cross-border fisheries project

Cambodian and Vietnamese officials agreed Thursday to details of a proposed cross-border project to improve fisheries management between Prey Veng Province and Dong Thap Province in Vietnam. The agreement came during a two-day meeting chaired by So Sophort, deputy secretary general of the Cambodian National Mekong ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MjhiODNhMTdlMjY0YzdjYzVmMjQxMTJmODgxMTFj

Trade barriers hinder growth of Cambodia's export industry

Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...

http://www.globaltimes.cn/content/737669.shtml

Thailand Urges Cambodia To Consult Asean On Nuclear Power Project

Thai Army Chief General Prayuth Chan-ocha has called on neighbouring Cambodia to consult with member countries of the Association of Southeast Asian Nations on its reported plan to develop a nuclear power project. General Prayuth said the Cambodian nuclear power project has “pros and cons” ...

http://www.bernama.com/bernama/v6/newsindex.php?id=700827

Thai prices ease as intervention distorts regional trade

Thailand’s rice intervention scheme is distorting trade around Southeast Asia, attracting rice smuggled from neighbouring countries into Thai government stockpiles, but genuine business remains slack and Thai prices have fallen this week. Cheap rice from Cambodia and Myanmar is finding its way into Thai government warehouses ...

http://www.brecorder.com/markets/commodities/asia/85016-thai-prices-ease-as-intervention-distorts-regional-trade-.html

Rebuilding Cambodia's troubled railways

A project to rebuild Cambodia’s decrepit rail-system appears on track for completion, despite delays and difficulties relocating residents The ABC has been told of the $26 million originally allocated through AusAID, just over $14 million remains, and will go towards finishing tracks and building a bridge ...

http://www.abc.net.au/news/2012-10-10/an-rebuilding-cambodia27s-troubled-rail-system/4305676

Growth in service sector brings more challenges

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...

http://www.tourismcambodia.com/news/events/7109/growth-in-service-sector-brings-more-challenges.htm

EU Bike Import Shows Huge Shifts

The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th ...

http://www.bike-eu.com/Sales-Trends/Product-trends/2012/10/EU-Bike-Import-Shows-Huge-Shifts-1081701W/

East Asia growth to recover next year: WB

Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...

http://ph.news.yahoo.com/east-asia-growth-recover-next-wb-060002801.html

Third Taiwanese Bank Slated To Open in Cambodia

The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...

http://www.voacambodia.com/content/third-taiwanese-bank-slated-to-open-in-cambodia/1522678.html

Kiwi Umbrella Company Conquers Global Market

New Zealand’s most wind-resistant outdoor umbrella range has taken the global market by storm with exports to 35 countries Shade7 is a Kiwi export success story and is run by businessmen and philanthropists David Jesze and Michael Pearce. Jesze and his wife currently live in Cambodia, where ...

http://www.scoop.co.nz/stories/BU1210/S00309/kiwi-umbrella-company-conquers-global-market.htm

Subedi objects to Cambodian PM's remarks

UN Human Rights Envoy to Cambodia Prof Surya Subedi has taken a strong exception to the scathing criticism of him by Cambodian Prime Minister Hun Sen, saying it was unbecoming of a person of the prime minister´s stature to “descend to the personal level”. In a ...

http://myrepublica.com/portal/index.php?action=news_details&news_id=43140

CAMBODIA: Rural poor lose out in land deals

Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...

http://www.irinnews.org/Report/96452/CAMBODIA-Rural-poor-lose-out-in-land-deals

Cambodia needs markets to export remaining 3 million tons of cassava products

Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...

http://thesoutheastasiaweekly.com/?p=4823

European Anti-Corruption Law Could Reach Cambodia’s Oil, Forestry Sectors

New European legislation passed last month could help transparency in the extractive industries, by forcing companies to declare payments to foreign governments rich in resources For resource-rich countries like Cambodia, that means much more transparency, she said. More than 95 percent of the world’s major extractive ...

http://www.voacambodia.com/content/european-anti-corruption-law-could-reach-cambodia-oil-forestry-sectors/1519817.html

ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand

The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...

http://www.tourismcambodia.com/news/localnews/7027/adb-lowers-cambodia%E2%80%99s-economic-growth-to-6.4-percent-in-2012-due-to-weak-global-demand.htm

Slowdown in garment exports from Cambodia

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497

Cambodia’s Jasmine Rice Awarded World Best Rice for 2012

Cambodia’s aromatic variety of jasmine rice was awarded top prize at the Rice Trader World Rice Conference in Bali, Indonesia, last month Cambodia is now seeking to expand its exports of its jasmine rice and other varieties. Ung Chhengsear, a representative of Cambodian rice export company Lor ...

http://www.voacambodia.com/content/cambodia-jasmine-rice-awarded-world-best-rice-for-2012/1518980.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

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