News

Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Health and women’s affairs get $64M grant

The German ambassador, Joachim Baron von Marschall, signed an agreement with the permanent Deputy Prime Minister Keat Chhon yesterday for €47 million ($64 million) in aid. The grant will be used for developing projects within the ministries of health, rural development and women’s affairs. ...

Hor Kimsay
http://www.phnompenhpost.com/business/health-and-women%E2%80%99s-affairs-get-64m-grant

Amret MFI gets $10M loan to aid SME reach

Amret Microfinance received a $10 million boost yesterday by a loan from German development bank KfW, according to a joint statement from the finance institutions. Chea Phalarin, chief executive officer of Amret Microfinance Institution, said yesterday that the new loan – equal to nearly double its ...

Hor Kimsay
http://www.phnompenhpost.com/business/amret-mfi-gets-10m-loan-aid-sme-reach

Battambang Rice Investment gets international certification

Battambang Rice Investment Co Ltd says it has been certified as the first rice mill in Cambodia with Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP). In a statement, the company said it received confirmation of GMP and HACCP certification in a ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjA4ZDZhYTFmOTJ

Funding boost for Cambodia’s hero mine-detecting rats NGO

The Belgian demining NGO APOPO, which is pioneering the use of mine-detecting rats in the former battlefields of Cambodia, has received funding from the German government to expand its mine-clearance work in the country. In November, the government gave the green light for APOPO to begin ...

Simon Henderson
http://www.cambodiadaily.com/news/funding-boost-for-cambodias-hero-mine-detecting-rats-ngo-54308/

China fuels Cambodia’s airline growth

The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/china-fuels-cambodias-airline-growth/

Germany's finance firm lends 10 mln USD to Cambodian microfinance institution

German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/09/c_133032485.htm

Audi to cruise into local market

German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/audi-cruise-local-market

US embassy surveillance site: report

The United States embassy in Phnom Penh contains an intelligence-gathering operation that amasses information about Cambodia, the Sydney Morning Herald reported yesterday, citing a map first published in Germany’s Der Spiegel. The Herald article referenced some 90 international surveillance sites, including ones housed in embassies in neighbouring Jakarta, Yangon, Bangkok and ...

Sean Teehan
http://www.phnompenhpost.com/national/us-embassy-surveillance-site-report

Sales of large home appliances rise 20 pct

Cambodian consumer spending on major domestic appliances such as air conditioners, refrigerators, washing machines and microwave ovens, saw a roughly 22 per cent year-on-year increase over the first six months of 2013, according to Germany-based research institute GfK. The rise comes alongside a 20 per cent ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/sales-large-home-appliances-rise-20-pct

Museum for money planned

In January, officials broke ground on the new $4 million headquarters for the Cambodia Securities Exchange. Situated along a northern stretch of Freedom Park, a short skip from Wat Phnom, the French colonial-era building is a suitable home for the two-year-old bourse, which now operates ...

http://www.phnompenhpost.com/business/museum-money-planned

Cambodia organizes int'l industrial machinery, garment exhibition

The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...

http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm

Cambodia scores high marks for renewable energy

Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MjRiYTU0NzYyNTR

Hun Sen’s Land Titles Receive Rare Praise From Germany

Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...

http://www.cambodiadaily.com/news/hun-sens-land-titles-receive-rare-praise-from-germany-17312/

Cambodia's Public Debt

According to the [inter]national Monetary Fund (IMF), at the end of 2011, the stock of Cambodia’s external public debt, including arrears, stood at around US 3.8 billion or 30 percent of GDP (24 percent in NPV terms). China remains the largest bilateral creditor, contributing to ...

http://www.cambizreview.com/

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