News

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

French investors plan tram system for Phnom Penh

French companies are considering plans to invest in a tram system providing comfortable public transport for residents of Phnom Penh, an official said Friday Kuy Koung, spokesman for Ministry of Foreign Affairs and International Cooperation, said the project was discussed during a meeting between Foreign Minister ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YmM0ZTFkZDJjNzg1YTgwMTE4OTU1MGVmYjM0NTYx

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

Belarus plans to open tractor factory in Cambodia

visiting Prima Vitlay, vice minister of industry of Belarus today met with deputy prime minister and finance minister of Cambodia, Keat Chhon, here to expand cooperation and trade ties between two countries. Prima told finance minister: “his country schedules to open a tractor factory in Cambodia ...

http://thesoutheastasiaweekly.com/?p=4835

U.S. Lends Vietnam $118 Million for Satellite

The United States says it will give Vietnam a loan of more than $100 million to buy a telecommunications satellite from a U.S. companyLockheed Martin Ex-Im says the satellite will provide coverage to Vietnam, Cambodia, Laos and Thailand. It says President Barack Obama was required to ...

http://english.chosun.com/site/data/html_dir/2012/10/03/2012100300498.html

UN envoy focuses on land disputes in Cambodia

A UN envoy has called on the international community to pay more attention to human rights issues in Cambodia. The call comes amid ongoing land disputes and legal harassment of activists. Surya Subedi is the United Nations Special Rapporteur on human rights in Cambodia and has submitted ...

http://www.abc.net.au/news/2012-10-01/an-cambodia-human-rights/4289544?section=business

Cambodia Hopes to Benefit from Joint Oil Project

Cambodia will receive most of the income derived from a joint project to exploit promising offshore oil reserves, official sources have confirmed here. Ek Tha, spokesman for the Cabinet Office said that in negotiations with Chevron, the government proposed reaping 70 to 80 percent of the ...

http://www.plenglish.com/index.php?option=com_content&task=view&id=576551&Itemid=1

Rice Exports Increases Two Percent

Cambodia’s total milled rice exports increased just two percent to 131,064 tons over the first nine months of this year in comparison to the same period last year, according to data released from the Ministry of Agriculture ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=90

UAE says mulling investment in halal food, rice in Cambodia

The United Arab Emirates (UAE) is considering investing in halal food production and rice milling in Cambodia, visiting UAE Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi said here on Tuesday. Speaking in a meeting with Cambodian Prime Minister Hun Sen at the Peace ...

http://news.xinhuanet.com/english/business/2012-10/02/c_131885280.htm

IMF: Cambodia’s economy expected to grow 7 pct in 2012

The International Monetary Fund (IMF) predicted Tuesday that Cambodia’s economy could grow as high as 7 percent this year, 0.8 percentage points higher than its April’s forecast of 6.2 percent. Speaking in a meeting with Cambodian Deputy Prime Minister Sok An, IMF’s Chief of Mission to ...

http://www.nzweek.com/world/imf-cambodias-economy-expected-to-grow-7-pct-in-2012-8368/

New outsourcing players challenge export giants

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

http://www.just-style.com/management-topic/new-outsourcing-players-challenge-export-giants_id115700.aspx

Over 600% Growth in UAE Re-Exports to Cambodia in 2011:

The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290001004928&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

Kenya eyes Cambodia's rice and flight sectors

Cambodia’s Deputy Prime Ministerand Ambassador of Kenyadiscussedan initiative to connect Phnom Penh and Nairobi through a direct flight to boost tourism and economic activities as well as the conclusion of a rice export deal ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=85

PTT signs agreement to set up retail oil venture in Myanmar

PTT Plc, the national energy conglomerate, is moving forward with plans to establish a retail oil business in Myanmar by working with a local partner Currently, oil consumption per head in the neighbouring country is very low at 38 litres annually, compared to 140 litres in ...

http://www.bangkokpost.com/business/economics/314856/ptt-signs-agreement-to-set-up-retail-oil-venture-in-myanmar

Cambodian farmers squeezed out

Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...

http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out

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