News

AHAVA expanding to 7 more countries

AHAVA Dead Sea Laboratories is expanding its international activity Dead Sea products to be sold in Poland, Italy, Switzerland, Korea, Greece, Denmark and Cambodia. Company CEO expects 10% growth in sales in coming year “In Phnom Penh, the Cambodian capital, we are operating through a franchisee’s store, ...

http://www.ynetnews.com/articles/0,7340,L-4291229,00.html

Cambodia's garment export reaches 3.54 bln USD in 8 months, up 11%

Cambodia has exported garment and textile products in equivalent to 3.54 billion U.S. dollars in the first eight months of 2012, a 11 percent rise from 3.19 billion U.S. dollars at the same period last year, a report from the Commerce Ministry showed Friday According to ...

http://news.xinhuanet.com/english/business/2012-10/19/c_131916898.htm

Xiamen expected to set up sister city relationship with Cambodia's Kampot

Cambodia may set up a consulate in Xiamen in the near future, and the Cambodian port city of Kampot is expected to establish sister city relationship with Xiamen, reported Haixi Morning News on Wednesday. Cham Prasidh, Cambodian Minister of State and Minister of Trade and Commerce, ...

http://www.whatsonxiamen.com/news27659.html

China, Cambodia agree to further advance ties

China and Cambodia agreed on Thursday to further advance their comprehensive relations of strategic cooperation and partnership in accordance with the will of late Cambodian King-Father Norodom Sihanouk. Cambodian Prime Minister Hun Sen told visiting Chinese State Councillor Dai Bingguo on Thursday morning that Cambodia “will ...

http://news.xinhuanet.com/english/china/2012-10/18/c_131915190.htm

ADB cites weaknesses of microfinance sector

THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...

http://www.bworldonline.com/content.php?section=TopStory&title=ADB-cites-weaknesses-of-microfinance-sector&id=60230

Cambodia denies it plans to build a nuclear power plant

The Cambodian government says reports that it is planning to build a nuclear power plant are untrue. Cambodia denies it plans to build a nuclear power plant (Credit: ABC) A report originating in the Bangkok Post newspaper has been replicated internationally. It says the Prime Minister Hun ...

http://www.radioaustralia.net.au/international/radio/program/connect-asia/cambodia-denies-it-plans-to-build-a-nuclear-power-plant/1032012

Singapore's TA Corporation eyes China & Cambodia

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231696/1/.html

Cambodia might benefit from Japan-China row

A lot of Japanese companies have been making inquiries about investing in Cambodia. And a good number of them are companies who are considering relocating from China. This was revealed by Phnom Penh Special Economic Zone manager Hiroshi Uematsu in the Japanese newspaper Asahi Shimbun. Recent ...

http://japandailypress.com/cambodia-might-benefit-from-japan-china-row-1515865

Govt urged to detail link to Cambodia's nuclear plan

Anti-nuclear activists have called on the Thai government to clarify its involvement in Cambodia’s controversial plan to construct a nuclear power plant in the border province of Koh Kong. The activists doubted Phnom Penh’s capacity to single-handedly build and manage such a vast and risky project. Santi ...

http://www.bangkokpost.com/news/local/316888/govt-urged-to-detail-link-to-cambodia-nuclear-plan

Cambodians falling prey to perils of migrant labour

The future remains uncertain for many Cambodian workers seeking jobs in Thailand. Most feel the process of gaining employment in the country is akin to playing the lottery, with exploitation in the job placement industry rife, and legal protection scarce ...

http://www.bangkokpost.com/news/local/316884/cambodians-falling-prey-to-perils-of-migrant-labour

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

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