News
Obama Urged to Address Rights Issues During Cambodia Visit
Some of the U.S.’ most senior lawmakers are urging Barack Obama to speak out on what they called Cambodia’s deteriorating human rights situation when the U.S. president makes what will be the first visit to the country by a sitting American leader later this month. ...
http://www.cambodiadaily.com/news/obama-urged-to-address-rights-issues-during-cambodia-visit-5555/
Japanses Police Arrest Ten for Defrauding Investors
Tokyo police arrested 10 Japanese nationals earlier this month for allegedly defrauding more than 1,000 investors out of $20 millions using fictitious investment projects in Cambodia, according to Japanese media reports. “The Metropolitan Police Department found no evidence that the amount of money raised was ...
From Alibaba, a Trove of Cambodian Treasures
From large tracts of rural land to sand from the country’s rivers to human hair, a host of Cambodia’s natural resources are on display in the shop window of China’s largest online trading website. Alibaba.com – which claims more than 80 million users worldwide and is ...
http://www.cambodiadaily.com/business/from-alibaba-a-trove-of-cambodian-treasures-5698/
Visa agreement gets delayed
DESPITE some reports, Cambodian officials said Cambodia and Thailand have not yet set a date for implementing the Irrawaddy-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) single visa. Koy Kuong, spokesman for the Ministry of Foreign Affairs and International Cooperation, said a single visa scheme for all five ...
http://www.phnompenhpost.com/index.php/2012111359702/Business/visa-agreement-gets-delayed.html
Laos hydro dam upsets Mekong River neighbors
Laos began construction last week on a multi-billion dollar hydro dam project that is opposed by other countries along the Mekong River, and activists who say the project will significantly impact the environment and the economies of four countries that rely on the river for ...
Insight: Land conflict, impunity dims Cambodia's awakening
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. ...
http://www.reuters.com/article/2012/11/12/us-cambodia-protests-idUSBRE8AB17J20121112
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Hanging by a Thread
Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...
http://www.bangkokpost.com/business/economics/320823/hanging-by-a-thread
Cambodia: shrinking forests breed violence
Hang Serei Oudom told his 7-month pregnant wife that he was going out to meet a source. A journalist for Vorakchun Khmer Daily, he was investigating illegal logging for luxury woods in the jungles of Cambodia’s northeastern Ratanakkiri province. Three days later, on Sept. 11, he ...
Ratings Agency Retains Stable Growth Outlook for Cambodia
Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. “Economic output growth is vulnerable due to the still large ...
Decorative plants are more popular than ever, but most are imported
Sar Botra has always liked gardening. The front yard of his house, an explosion of flowers and plants, makes it clear that he’s got a very green thumb. He used to spend a lot of time with his plants after work or on the weekends, ...
Obama steers US towards focus on Asia
On his first foreign trip since Tuesday’s election, US President Barack Obama is planning a historic visit to encourage reforms in Myanmar – seen as a key success during his first term – and he’ll also go to Thailand and Cambodia. Secretary of State Hillary Clinton ...
Senator Offers Cash Compensation to Evictees
CPP Senator and business tycoon Ly Yong Phat last week continued to offer families in Koh Kong province cash compensation to get them to drop out of a lawsuit against two sugar cane plantations he once owned, according to villagers. But villager Phann Khly yesterday ...
Controversial Pöyry tapped for Xayaburi
Multinational consulting and engineering firm Pöyry has signed a contract with the Lao government to supervise construction of the divisive Xayaburi hydropower dam in the country’s north, it announced Friday. This work, carried out by its Energy Business Group, will include reviewing the design and ...
Benefits from ‘black gold’- Revenue from Cambodian oil fields could provide a big boost to development, if it’s done right
If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...
Cambodia's Tourism Slows
Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 15.7% in September, the lowest growth rate so far for this year based on 242,747 visits during the month. The percentage increase for the nine-month period was pulled down from 24.5% at ...
http://www.ttrweekly.com/site/2012/11/cambodias-tourism-slows/
Vietnam asks Laos to review impacts of hydropower dam
Viet Nam has urged Laos to continue its research on the environmental impacts of the planned Xayaburi Dam on the Mekong River. Vietnamese Foreign Ministry spokesperson Luong Thanh Nghi made the statement at a regular press briefing in Ha Noi yesterday when answering a question ...
Cambodia has capacity to meet financial commitments
What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...
Vietnam, Laos, Cambodia seek investments for Mekong sub region
Delegates attending a forum on investment and cooperation for the Mekong sub region, held in the central highland province of Dak Lak on November 9, all agreed that Vietnam, Laos and Cambodia need to work on common preferential policies to attract lucrative investments for the ...
Thailand, Cambodia ready to launch joint visa scheme
Thailand and Cambodia are ready to implement a single visa agreement, which would enable tourists to use only one visa for both countries from Nov 21, an immigration bureau chief says. The project comes under the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (Acmecs). Acmecs, which was initiated by ...
http://www.bangkokpost.com/news/local/320478/thailand-cambodia-ready-to-launch-joint-visa-scheme
Cheap Cambodian sand reaches city
The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...
http://www.thehindu.com/news/cities/chennai/cheap-cambodian-sand-reaches-city/article4082209.ece
CAMBODIA: Garment exports soar 9.9% in 9 months
Cambodia’s garment exports rose 9.9% to $3.44bn in the first nine months of this year, up from $ 3.13bn a year ago, according to the latest figures from the Cambodian Ministry of Commerce. ...
http://www.just-style.com/news/garment-exports-soar-99-in-9-months_id116076.aspx
Pentagon chief to visit Australia, Thailand and Cambodia
US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...
Cambodian Appeals Court Upholds Detention of Land Activists
Two land activists from forced evictions in Phnom Penh will not be released on bail as they await trial on incitement charges widely seen as an attack on free speech. The two women, Yorm Bopha and Tim Sak Mony, were arrested in early September and accused ...