News

Boutique hotels rising

An increasing number of boutique hotels are appearing in Cambodia and attracting foreign investment, insiders say, including a US$2 million investment in the Governor’s House, a newly opened, 10-room boutique hotel in Phnom Penh. The number of boutique hotels in Cambodia has increased rapidly, particularly in ...

http://www.phnompenhpost.com/index.php/2012070257135/Business/boutique-hotels-cambodia.html

ASEAN projects to receive Around 1 07 million tourists in 2015

Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...

http://thesoutheastasiaweekly.com/

Life Insurer Manulife Opens Its Office In Cambodia

Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...

http://thesoutheastasiaweekly.com/

Hundreds Protest Lao Dam Project

The Venerable Sann Leang, executive director of NGO Environmental More than 500 villagers held a march in eastern Cambodia Friday to protest a controversial dam project on the Mekong River in Laos they say is undergoing construction despite a pledge to halt progress while officials ...

http://www.rfa.org/english/news/cambodia/dam-06292012165509.html

Manulife targets Cambodia's growing middle class

Manulife Financial Corp, Canada’s largest life insurer, has set up shop in Cambodia, hoping to tap into an emerging middle class in the southeast Asian country. The move is part of the Toronto-based company’s strategy of targeting profit growth in Asia as part of its plan ...

http://uk.reuters.com/article/2012/06/28/manulife-cambodia-idUKL2E8HS5D120120628?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Manulife Enters Cambodia Market With Phnom Penh Office

Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...

http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html

Cambodia approves land concessions, despite ban

Cambodia’s government has ignored a suspension on new land concessions to private companies, announcements in an official publication showed, despite ordering a freeze after growing discontent over forced evictions and illegal logging. Prime Minister Hun Sen signed off on 12 sub-decrees on June 7 and 12 ...

http://www.reuters.com/article/2012/06/26/us-cambodia-land-idUSBRE85P0G520120626

Vietnam, Cambodia finally separate, together again

The official marking of the border comes as the two countries commemorate 45 years of diplomatic relations. Cambodia’s Prime Minister Hun Sen said at the ceremony he wanted the border to become “a mechanism of good friendship forever” ...

http://www.radioaustralia.net.au/international/2012-06-26/vietnam-cambodia-finally-separate-together-again/967580

City to co-operate in all fields with Cambodia

HCM City plans further cooperation with Cambodia in all areas, including trade, healthcare, agriculture, and education and training, according to Le Hoang Quan, chairman of the city’s People’s Committee. The project to build the Cho Ray – Phnom Penh Hospital, with a capacity of 500 ...

http://vietnamnews.vnagency.com.vn/social-issues/226525/city-to-co-operate-in-all-fields-with-cambodia.html

ILO Releases its Report in World Day Against Child Labor

During the celebration of world day against child labor, ILO also released its message about the situation of child labor in Cambodia. June 12th is a very important day for all of us, ILO said, adding that we recognize efforts made to promote children’s rights for the children of this country, and share ...

The Southeast Asia Weekly, P. 10
http://thesoutheastasiaweekly.com/

Trade, Tourism To Get Boost Along Phnom Penh-Bangkok Route

Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...

http://thesoutheastasiaweekly.com/

Illegal Fishing, Molotov Cocktails, A Daring Escape

The State Department on Tuesday cited abuses in Thailand’s huge fishing industry as part of an annual worldwide report on Trafficking in Persons. The report noted that men from Cambodia and Myanmar, also known as Burma, are trafficked aboard Thai ships and forced to work ...

http://www.npr.org/2012/06/20/155048186/illegal-fishing-molotov-cocktails-a-daring-escape

Cambodia, China Ink Seven Agreements

Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...

http://thesoutheastasiaweekly.com/

Trend of using phone and internet

In 2012, the number of phone users in Cambodia would stand at about 17.56 million and by 2015, about 21.31 million. And internet users in 2012 will reach to 1,739,618 by 2015, an increase of 1.89 million, His Excellency, Sarak Khansaid. ...

http://thesoutheastasiaweekly.com/

CIMB aiming to be top 10 in Cambodia

CIMB Bank plc, which aims to be among the top 10 banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end. Its deputy general manager and head of commercial banking ...

http://thestar.com.my/news/story.asp?file=/2012/6/18/business/11474729&sec=

Thailand, Cambodia launch direct bus services linking Bangkok, Phnom Penh

Poipet – Thailand and Cambodia on Thursday launched direct bus services linking Bangkok and Phnom Penh via the Aranyaprathet-Poipet border crossing, aiming to cut transportation costs, MOCT reported on June 15. Transport Minister Jarupong Ruangsuwan and Cambodian Public Works and Transport Minister Tram Iv Tek and representatives of the Asian Development Bank (ADB) co-presided at the ...

http://thesoutheastasiaweekly.com/

Migrants stuffed into two homes

More than 100 Cambodian migrant workers were discovered in rented houses this week near Rong Kleu market in Thailand’s Sakaeo province, officials said yesterday. Banteay Meanchey provincial spokesman Ouk Keo Ratanak said Thai authorites found the workers on Wednesday crammed into two houses, and sent them ...

http://www.phnompenhpost.com/index.php/2012061556811/National-news/migrants-stuffed-into-two-homes.html

China may fund Cambodia-Vietnam rail

Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan. Va Sim Sorya, director general at the Ministry ...

http://www.phnompenhpost.com/index.php/2012061356758/Business/china-to-fund-cambodia-rail.html

Cambodia denies maids to Saudi Arabia report

DUBAI: Saudi Arabia media reported that the country would soon begin to receive maids from both Cambodia and Vietnam, but Cambodia has denied the reports, saying they have no intention of sending maids to anywhere in the Middle East and Arab world. ...

http://bikyamasr.com/69732/cambodia-denies-maids-to-saudi-arabia-report/

Maids to Saudi Arabia denied

Both the government and the Association of Cambodian Recruitment Agencies yesterday denied media reports that Cambodia and Vietnam will provide domestic workers to Saudi Arabia. Citing Saudi Arabian newspapers, the news website Emirates 24/7 reported yesterday that Cambodia and Vietnam had agreed to send maids to ...

http://www.phnompenhpost.com/index.php/2012061356764/National-news/maids-to-saudi-arabia-denied.html

China eyes on all-round cooperation with Cambodia, says CPC senior leader (9)

China treasured its traditional friendship with Cambodia, and would take strategic approaches to step up the bilateral cooperation to a new height, visiting senior leader of the Communist Party of China He Guoqiang said here on Tuesday. In his meeting with Heng Samrin, He spoke ...

http://english.peopledaily.com.cn/90883/7844924.html

Cambodia, Japan Trade Volume Reaches $513 Million In 2011

“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And ...

http://thesoutheastasiaweekly.com/

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