Trade deficit with Korea widens 43%
Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). ...
Korea and local investors to establish a modern shopping mall in Phnom Penh
Korea is joining hands with Cambodian investor to establish the biggest shopping mall of international standard in Phnom Penh to correspond to the capital’s increasingly modernising lifestyle. ...
Cambodia bets on Saemaeul movement to spur rural reform
With agriculture still the mainstay of its economy, Cambodia is seeking to reform rural communities in partnership with Korea to shore up residents’ livelihoods and boost grain exports. The Southeast Asian country is seeking to follow in the footsteps of the “Saemaeul Undong,” or New Community ...
Bird’s nest producers eye China market
Edible bird’s nest producers have called on the Ministry of Commerce (MoC) to facilitate the industry’s access to the Chinese market. Nang Sothy, president of the Cambodia Bird’s Nest Federation, said yesterday that the association had requested the MoC to include the delicacy on the list ...
Chinese squeeze out tour groups in Siem Reap
Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday. Speaking at the tourism industry’s three-day expo on Phnom Penh’s Koh Pich island on Wednesday, Mr. ...
Kang Sothear and George Styllis
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
Hor Namhong to attend ASEAN-EU meeting next week
Cambodia’s Foreign Minister Hor Namhong will lead a delegation to attend the 20th ASEAN-EU Ministerial Meeting in Brussels, Belgium, next week, according to a statement issued Friday by Ministry of Foreign Affairs and International Cooperation. The statement said the meeting invited by Mrs Catherine ASHTON, high ...
The Cambodia Herald News Staff
Cambodia the focus of new IT training course
Cambodia boasts one of the youngest populations in Southeast Asia, with youth under 30 making up nearly 68 percent of the total number of people in the country, according to the United Nations. And its young demographics and relatively cheap labor are just a few of ...
Cambodian mangoes ship off to China
Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...
Borei Keila firm told to pay $2.7 million
Suy Sophan, the owner of development firm Phan Imex, has been ordered to repay $2.7 million to a Korean company over an uncompleted sale of land at Borei Keila, from where hundreds have been violently evicted, a court document reveals. In a decision handed down in ...
Khouth Sophak Chakrya
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 ...
US willing to further strengthen relations with Cambodia
Scot Marciel, visiting Principal Deputy Assistant to the U.S. Secretary of State for East Asian and Pacific Affairs met with Deputy Prime Minister Hor Namhong, Minister of Foreign Affairs of Cambodia yesterday with an aim to further strengthen relations between the two countries, Koy Kuong, ...
The Cambodia Herald News Staff
Postal service revenue up
Operating revenue at the partly state-owned mail service, Cambodia Post (CP), rose more than 10 per cent last year compared to 2012, according to a senior government official. Ork Bora, CP’s general director, said that revenue reached $4.56 million, an increase of 12.54 per cent from ...
NGO pair sought over Korea work scam
Authorities issued an arrest warrant last week for the director of a local NGO involved with an operation that allegedly bilked thousands out of money by claiming the company could find them work in South Korea. Warrants for the arrests of Theun Samnang, head of NGO ...
First mango export factory planned
Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...
Textile Industry Gets Lessons From Korean Designers
Cambodian manufacturers on Wednesday received training from Korean designers on how to make apparel in line with current fashion trends in the hopes of assisting them in penetrating the lucrative but difficult Korean market. The event was organized by the ASEAN-Korea Center—an intergovernmental organization that aims ...
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
Korea trade nears $1 billion
Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...
Villagers Seize Trucks in Protest
More than 300 protesters seized two company trucks outside the Kratie office of Korean-owned timber company Think Biotech Co yesterday as protests by villagers who allege land-grabbing continued for a second day. “We have seized the company’s two trucks to ask the company to come ...
Villagers Camp Out to Protest ‘Land Grab’
More than 100 people from two communes in Kratie province’s Sambor district gathered yesterday for a three-day protest in front of the provincial office of Think Biotech, a Korean-owned timber company villagers say is encroaching on their land. As of yesterday evening, 10 armed policemen ...