News

Laos Urges Cambodian Businesspeople to Invest More

President of Laos National Assembly, Her Excellency Pany Yathotou, on September 1st arrived here for the four-day official visit in order to strengthen bilateral cooperation between the neighboring countries “Both sides will exchange visits of the officials and lawmakers of National Assemblies to strengthen bonds and ...

http://thesoutheastasiaweekly.com/

Cambodia, South Korea Ties

Cambodia-Korea Alumni Association (CAMKAA) in cooperation with The Korea International Cooperation Agency (KOICA) Cambodia Office launched the 3rd Seminar on the “Exchange Experiences of the Cambodia Korea Alumni Association” on August 26th to observe the mutual cooperation between Cambodia-South Korea. Mr. Seng Setha, President of CAMKAA, ...

http://thesoutheastasiaweekly.com/

Rice Scheme Will Hurt Thais and Help Vietnam

Thailand–Consumers face prospect of high prices, low quality rice from Burma, Cambodia: TDRI. While consumers and taxpayers will suffer from the government’s controversial rice policy, Vietnam will substantially gain, the Thailand Development Research Institute (TDRI) has warned. Ammar Siamwalla, a prominent economist, yesterday asked the ...

http://www.nationmultimedia.com/2011/09/05/business/Rice-scheme-will-hurt-Thais-and-help-Vietnam-30164507.html

24 More Faint at Dangkao District Garment Factory

Continuing the spate of mass fainting at Phnom Penh garment factories, 24 workers fainted at the Heart Enterprise factory on Friday, prompting the factory to shut down for the second time in a week, officials said. The Dangkao district garment factory had reopened on Friday ...

Nine Companies Barred From State Projects for Not Paying Tax

The Ministry of Finanace in August barred nine local companies from working on government infrastructure projects for allegedly failing to pay tax owed on several projects funded by foreign money, government and company officials said yesterday. The move by Finance Minister Keat Chhon to freeze ...

Report Says Reforms Were Hard to Drill Home at Petrol Authority

The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...

World Bank Influence Curbed by ‘New’ Donors

The World Bank is losing influence in Cambodia to “emerging donors” and making no major headway in stemming corruption, the Bank’s Independent Evaluation Groups said in a report released Wednesday. Specifically focused on the World Bank;s 2007 anti-corruption initiative through 2010, the report uses six ...

Digging deep outside the law

Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said George Boden, a campaigner at watchdog group Global Witness. Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said ...

http://www.phnompenhpost.com/index.php/2011090251412/Business/digging-deep-outside-the-law.html

Exports to be unaffected by debt crisis

As Cambodian exports continue to grow, commerce officials predict sovereign debt crises in the United States and Europe will not threaten the sector. Total exports surged by more than 46 per cent to US$2.677 billion in the first seven months of the year, compared to ...

http://www.phnompenhpost.com/index.php/2011090251413/Business/exports-to-be-unaffected-by-debt-crisis.html

England Promises to Invest US$ 2.22 Billion in Cambodia

England promised to invest in Cambodian around US$ 2.22 billion make total investment projects in country during 7 month of the year increased up to US$ 5.5 billion, Council for Development of Cambodia (CDC)’s reported to the media. According to the report, in the first ...

http://thesoutheastasiaweekly.com/

Hands-on contest a hit in Cambodia

Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...

http://www.phnompenhpost.com/index.php/2011090151403/Lifestyle/hands-on-contest-a-hit-in-cambodia.html

Capital’s growth pushes housing demand

Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip Seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ...

http://www.phnompenhpost.com/index.php/2011090151405/Special-Supplement/capitals-growth-pushes-housing-demand.html

Tourism stronger than predicted

The Kingdom’s tourism industry this year will perform much better than the government expects thanks in part to Cambodia’s growing popularity as a vacation destination, investment firm Cambodia Capital has said. Total tourist arrivals to Cambodia for 2011 will reach 2.85 million, while total revenues ...

http://www.phnompenhpost.com/index.php/2011090151407/Business/tourism-stronger-than-predicted.html

Fainting factory told to act

Another garment factory within the International Labour Organisation’s Better Factories program was hit by a mass fainting incident yesterday.  More than 50 employees of Heart Enterprise (Cambodia) Co Ltd began collapsing soon after starting their shift at the facility, in Phnom Penh’s Dangkor district. An ...

http://www.phnompenhpost.com/index.php/2011090151398/National-news/fainting-factory-told-to-act.html

Cruise Ship Arrivals Dip 31% in First Half

The number of visitors arriving by cruise ship in Sihanoukville dropped steeply in the first six months of the year compared to the same period last year, a Tourism Ministry official said yesterday. A lack of attractions in Sihanoukville and high visa fees were keeping ...

At Least 50 Garment Workers Faint Over Two Days

At least 50 garment factory workers fainted over the past two days in Phnom Penh’s Dangkao district, bringing the number of workers who have fainted in the district in August to 60, workers and union members said yesterday. N Tuesday, workers from Heart Enterprise Cambodia ...

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