News
Cambodia focuses on its fragrant rice
Prior to 2013, Dom Dorn, a farmer in Phnom Sruoch district of Kampong Speu province, used oxen to farm his white-rice paddies; now, after just his second harvest of sowing phkarmalis (also known as jasmine or fragrant rice), he is using a kor yun, or ...
http://www.phnompenhpost.com/2013040464877/Business/cambodia-focuses-on-its-fragrant-rice.html
Growing Tourism – A Positive Sign: Asia and Pacific Continue as Travel Hot Spots
Asia and the Pacific continued as a hot spot for international tourism in 2012, attracting what is expected to be in excess of 350 million international visitor arrivals, expanding its collective inbound count by more than 5% and generating more than 18 million additional foreign visits, year-on-year. Within this ...
FAO Raises Paddy Production Outlook
The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...
PM to end missing link to Cambodia
Prime Minister Yingluck Shinawatra promised on Saturday to complete a missing rail link with Cambodia to foster closer ties with the neighbouring country. Ms Yingluck inspected the damaged tracks from Aranyaprathet district in Sa Kaeo to the border with Poipet in Cambodia and directed officials ...
http://www.bangkokpost.com/breakingnews/343138/yingluck-to-end-missing-link-to-cambodia
Government Denies Reports on Mining Corruption and Hun Sen
The Cambodian government on Thursday dismissed media reports in Australia linking Prime Minister Hun Sen to a mining company under investigation there for corruption. Earlier this week, The Age newspaper reported on Australian documents that described officials from BHP Billiton seeking a special meeting with Hun ...
In Washington, ‘Mekong Days’ Puts River in Focus
Advocacy groups, environmentalists and policy-makers have wrapped up five days of events surrounding Mekong River issues in Washington. “Mekong Days,” a series of talks, films and other forums that ended Tuesday, highlighted issues in the region, where some 60 million people live. The Mekong River, a major ...
http://www.voacambodia.com/content/in-washington-mekong-days-puts-river-in-focus/1630640.html
Chinese Investments in Cambodia Ignore Environment Queries
China’s expanding investment portfolio in Cambodia has brought into sharper focus the darker side of the Asian giant’s “development projects” in the impoverished Southeast Asian nation. And it is in the southwestern corner of Cambodia—known for its rich biodiversity, forest covered hills and bubbling rivers—where this ...
The price of land development in Cambodia
Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...
Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year
The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...
http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm
China's Nanning City officials visit Cambodia to promote tourism ties
A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...
Cambodian PM to visit China to advance bilateral ties
Cambodian Prime Minister Hun Sen said Monday that he will pay an official visit to China early next month to meet with new Chinese leaders for talks on further enhancing bilateral relations. “I hope that new Chinese President Xi Jinping and Premier Li Keqiang ...
http://news.xinhuanet.com/english/china/2013-03/25/c_132260956.htm
Hun Sen Seeks Chinese Help for Bridge Project
Prime Minister Hun Sen yesterday urged China to come up with enough funding for Cambodia to build a 3.5km bridge across the Tonle Sap and connect National Road 6 in Kampong Thom with Kampong Chhang province. Speaking at a ground-breaking ceremony for a $20 million Chinese ...
Cambodia’s total trade worth US$ 2.7-B in first 2 months, + 28%
Cambodia’s import and export trade volume had amounted to US$2.7-B in the 1st 2 months of this year, up 28% compared to the US$2.1-B in the same period last year, the statistics of the Commerce Ministry showed Friday. Main products Cambodia imported are garment and textile ...
E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
Cambodia: Visits on the rise
Cambodia is rapidly attracting more and more visitors from tourists to businessmen. Visits are continuing to climb as January figures show a 15.4 percent increase, Cambodia’s statistics and tourist Information Department reported. So far,the country has welcomed 404,106 visitors compared to 350,257 during the same ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MmQ1MmMyNTUzMjJ
Million-dollar machine sweetens outlook
Local food producer Ly Ly Food Industry had invested about $1 million for a Chinese-made machine to improve production and food quality as it prepared for the coming regional economic community, the company’s owner said yesterday. Keo Mom said a tremendous amount of goods from neighbouring ...
http://www.phnompenhpost.com/2013032164553/Business/million-dollar-machine-sweetens-outlook.html
Kingdom, Japan to ink $33.9m grant today
Cambodia will sign a $33.9 million grant aid today from the Japanese government to support various small hydropower dam projects, improve a hospital and update resources of a university, according to a press release from the Ministry of Foreign Affairs. ...
http://www.phnompenhpost.com/2013032164548/Business/kingdom-japan-to-ink-33-9m-grant-today.html
Combi plans $1.5m factory for baby goods
CONSTRUCTION is progressing on a $1.5 million baby-products factory that will be among the largest in the Phnom Penh Special Economic Zone (PPSEZ). Combi (Cambodia), which owns the factory, announced the plans for its new facility in an online job listing yesterday. The five-hectare factory was scheduled ...
http://www.phnompenhpost.com/2013032164550/Business/combi-plans-1-5m-factory-for-baby-goods.html
Rosewood trade must stop: PM
Prime Minister Hun Sen has called on Thailand, Vietnam, Myanmar and Laos to help curb the illegal trade in rosewood after Cambodia’s bloodiest year yet for logging-related border shootings. Speaking to reporters at Phnom Penh International Airport after the premier returned from a two-day meeting ...
http://www.phnompenhpost.com/2013031461944/National/rosewood-trade-must-stop-pm.html
Indirect trade with India unhealthy
CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...
http://www.phnompenhpost.com/2013031461933/Business/indirect-trade-with-india-unhealthy.html
Thailand, Cambodia mull joint business, trade body
Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...
http://www.pattayamail.com/news/thailand-cambodia-mull-joint-business-trade-body-23289
World's largest freshwater fish threatened
The 16th Conference of Parties of the Convention on International Trade in Endangered Species (Cites) has brought thousands of delegates from over 150 countries to Bangkok to discuss cross-border cooperation, sustainable use of biodiversity and transnational endangered species issues. Construction has already begun on the ...
http://www.bangkokpost.com/opinion/opinion/340170/mekong-dams-threaten-world-largest-freshwater-fish
More capital for factories
The government approved 103 factories with a combined investment of $660 million last year a big increase from the previous year’s 52 factories valued at $230 million, according to data from the Council for the Development of Cambodia. Industry representatives and economists said the sharp ...
http://www.phnompenhpost.com/2013031361912/Business/more-capital-for-plants.html
Footwear Sector To Have ‘Running Room’
Cambodia’s footwear industry has experienced significant growth over the past five years, with the number of factories doubling, according to data from the Ministry of Commerce. Meanwhile, the International Labour Organisation (ILO) has announced it will monitor and report on footwear factories. As of November, 45 ...
http://www.phnompenhpost.com/2013031361901/Business/footwear-sector-to-have-running-room.html