News

Kingdom, Hong Kong boost ties

Economic cooperation between Cambodia and Hong Kong is on the rise, while the introduction of a new visa extension is also evidence of strengthening relations, officials say. On June 1, Cambodian officials will be able to travel to Hong Kong without a visa and stay ...

http://www.phnompenhpost.com/2013061866316/Business/kingdom-hong-kong-boost-ties.html

Japanese Mizuho Bank to Open Representative Office

One of Japan’s largest banks will open a representative office in July due to burgeoning interest in Cambodia most likely by Japanese investors, a bank official said yesterday. Mizuho Financial Group will open a small office in Phnom Penh Tower on Monivong Boulevard on July 8, ...

http://www.cambodiadaily.com

MUJI Plans Green Dye Factory for Cambodia

Japanese retail company MUJI announced the development of an eco-friendly natural dyeing plant in Cambodia, a press release on Sunday said. The plan is part of the Business Call to Action, a global initiative supported by several international organisations and hosted by the UN Development Programme ...

http://www.phnompenhpost.com/2013060466031/Business/muji-plans-green-dye-factory-for-cambodia.html

7 Cambodian Workers Arrested at Nike Contractor

Cambodian police clashed Monday with workers at a factory that makes clothing for the U.S. sportswear company Nike, arresting seven, in the latest violence linked to a strike over salaries, union organizers and rights activists said. The protest at the Taiwanese-owned Sabrina (Cambodia) Garment Manufacturing plant ...

http://abcnews.go.com/International/wireStory/cambodian-workers-arrested-nike-subcontractor-19311324#.Ua1mckDTxe9

EU Won’t Investigate Land Concessions—for Now

The trade commissioner and foreign affairs representative of the European Union (E.U.) have turned down a request from 13 members of the European Parlia­ment that they immediately investigate Cambodia’s much criticized economic land concessions, but said they were monitoring the issue closely. In a March letter ...

http://www.cambodiadaily.com/news/eu-wont-investigate-land-concessions-for-now-25194/

Turkey to enhance diplomatic ties with Cambodia

Turkey is willing to establish an embassy residence in Cambodia in order to promote bilateral relations and cooperation between the two countries, the newly- designated ambassador of Turkey to Cambodia, Osman Bulent Tulun said Tuesday. The two countries’ bilateral trade is relatively small. According to ...

http://www.xinhuanet.com/english/

Last Year Saw More New Firms Register

Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...

http://www.cambodiadaily.com

Cambodia's economy to grow by 6.7% this year: WB

Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...

http://news.xinhuanet.com/english/business/2013-01/16/c_132106591.htm

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