News

A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan Business Federation, is leading the delegation and said he hopes that meetings with ...

A national policy on science, technology and innovation is being drafted to boost Cambodia’s development in the competitive field, as the Kingdom endeavours to catch up with its regional neighbours and internationally. Officials met for the first-ever consultation workshop yesterday to draft a national policy document ...

South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...

Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday. The other two countries are Myanmar and Laos, and the plan is part of CP All’s expansion ...

Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...

Connectivity is crucial to the process of building the Asean Community, and ties in with the effort to market the region as a single tourist destination, the grouping’s chief said. “Asean is in the process of building the Asean Community, and in the process of building ...

More creative thinking is needed to restore trust in Cambodian products, but intense competition from foreign investment has the potential to stifle local innovation, industry experts say. A survey of more than 600 Cambodian consumers undertaken by Thai Market Research Company Envirosell found that Cambodian consumers ...

The burgeoning demand for high-end electronic devices in Cambodia, driven by a more affluent and growing middle class, has doubled or even tripled sales revenues in the country, industry leaders say. “The market demand is shifting to the premium segment – from normal phones to smart ...

Cambodian migrant workers at a tuna processing company in Thailand have had their passports confiscated by their employers and are effectively trapped in substandard work conditions, research released yesterday revealed. Non-profit research organisation Finnwatch said it had found a number of “problems” with working conditions at ...

After closing the last of its 19 petrol stations in Cambodia in April 2010, Petroliam Nasional Bhd (Petronas) is again eyeing the country’s oil and gas (O&G) sector. This will see Chevron and its partners developing the country’s first offshore oil field this year. According to ...

Representatives of the ten ASEAN nations met on Sunday in Laos’ capital of Vientiane to launch the ASEAN Tourism Forum (ATF), where they pledged to expand tourism cooperation and discussed creating a pan-ASEAN tourist visa. The ATF, which was first held in 1981, is designed to ...

Laos yesterday defended its decision to begin building the Xayaburi dam amid criticism from Cambodia on a lively final day of the Mekong River Commission’s annual council meeting in Luang Prabang, Laos. According to separate sources who attended, Cambodia spoke out against Laos for “misinterpreting” the ...

Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...

As Cambodia’s economy continues to grow, advertising in the country has developed to keep pace. But the industry still faces challenges, insiders say. According to Media Adex data by Indochina Research, which monitors advertising spending for TV and print (but not radio) $105.4 million was ...

Energy supplies will be more secure once territorial disputes between Thailand and Cambodia are resolved, Department of Mineral Fuels director-general Songpob Polchan said on Friday. Mr Songpob said that the sooner Thailand and Cambodia are able to work out their differences, the sooner they can exploit ...

The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that  in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...

BANGKOK- First bus services between the two Kingdoms of Cambodia and Thailand had their debut on December 29, said the Transport Co., a Thai state enterprise under the Transport Ministry. The service includes the Bangkok-Siem Reap route, a 424-kilometre trip that takes about seven hours. ...

Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...

Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...

After 28 years in the capital, eating like “a king” and enjoying the perks one receives as the son of high-ranking CPP officials, Sophal’s* move to the countryside was as jarring as it was eye-opening. Until the day in June when he traded his designer threads ...

Foreign Minister Surapong Towichukchaikul and his Cambodian counterpart Hor Namhong will co-chair the meeting in Bangkok on Tuesday and Wednesday to discuss several issues, including the single-visa initiative. The idea of a joint visa for visitors to both Thailand and Cambodia has been mooted as a ...

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...

Up a sweeping jungle valley in a remote corner of Cambodia, Chinese engineers and workers are raising a 100-meter- (330-foot-) high dam over the protests of villagers and activists. Only Chinese companies are willing to tame the Tatay and other rivers of Koh Kong province, ...

A single visa for Thailand and Cambodia is ready for launch 27 December at all of the countries’ consulates and embassies. It is a test phase of a wider project called ACMECS Single Visa (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) involving Thailand, Laos, Vietnam, Cambodia, and ...