News

Philippines Department of National Defense joins ASEAN defense assembly in Cambodia

The Department of National Defense (DND) shared the Philippines’ positions on regional and international defense and security environment during the recently held ASEAN Defense Senior Officials’ Meeting (ADSOM) and ADSOM-Plus Meetings in Phnom Penh, Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501081832/philippines-department-of-national-defense-joins-asean-defense-assembly-in-cambodia/

Economic co-op deal inked with Philippines

Cambodia and the Philippines have reaffirmed their commitment to boost bilateral trade and increase the volume of investment, to further enhance economic relations between the two ASEAN countries.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/economic-co-op-deal-inked-philippines

Warning issued on possible effects of ’17th Typhoon’ on Cambodia

The Ministry of Water Resources has issued a notification stating that:On October 8, active low pressure occurred in the Philippines. This active low pressure will gradually increase its impact into the South China Sea, possibly increasing its impact to the 17th typhoon (not yet officially ...

Khmer Times Staff
https://www.khmertimeskh.com/50947163/warning-issued-on-possible-effects-of-17th-typhoon-on-cambodia/

Exporter under attack in rice row

In December 2011, the managing director of Megagreen Imex Cambodia, Renne Outh, proudly announced that his firm had inked a $21 million deal to be the first to ship Cambodian rice to the Philippines. Nearly two and a half years on, not a single Cambodian grain ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/exporter-under-attack-rice-row

US broker partners with Korea's Tongyang Securities in Cambodia

US-based broker Decker and Co has announced a partnership with the Cambodian unit of South Korea’s Tongyang Securities Inc, one of only seven underwriters licensed by the Cambodia Securities Exchange. In a statement late Tuesday, Decker said partnerships with Tong Yang in Cambodia and BPI Securities ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjM5ZDFmOTBkOTM

World Bank raises growth forecast for Cambodia in 2014

The World Bank upwardly revised Monday its GDP growth forecast for Cambodia this year to 7.2 percent, up from its October projection of 7.0 percent. In explaining the higher forecast, the bank’s East Asia and Pacific Economic Update pointed to “the expectation of renewed confidence and ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=YjY5Zjc3MTUwZDg

World Bank says Cambodia has most liberal foreign investment regime in ASEAN

The World Bank says Cambodia has the most open foreign direct investment regime in ASEAN while Thailand has the most restrictive. In a report released Monday, the bank also said that Cambodia had recently emerged as ASEAN’s second-biggest recipient of foreign direct investment in the agricultural ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGM2MTVmYTQ0NTM

Cambodia envoy lauds Clark airport growth

Cambodia Ambassador Tuot Panha said the viability of Clark International Airport will make it one of the progressive international gateways in the Philippines. The ambassador said she would like to see flights between Clark and Phnom Penh or Clark and Siem Reap, now one of the ...

Sun Star News Staff
http://www.sunstar.com.ph/pampanga/local-news/2014/03/09/cambodia-envoy-lauds-clark-airport-growth-332246

PAL urged not to pursue deal to form Cambodia Airlines

 Flag carrier Philippine Airlines (PAL) is said to be better off not pursuing a deal with Royal Group of Cambodia (RGC) to form Cambodia Airlines Co. Ltd., saying there are other “bigger priorities” for the flag carrier. CAPA said the Cambodia-Philippines is a small market, ...

Lenie Lectura
http://www.abs-cbnnews.com/business/02/04/14/pal-urged-not-pursue-deal-form-cambodia-airlines

Cambodia attracts over 879,000 tourists from ASEAN region

For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said.  The figure of tourist arrivals from ASEAN for the ...

The Southeast Asia Weekly Staff
http://www.thesoutheastasiaweekly.com/cambodia-attracts-over-879000-tourists-from-asean-region/

Canadian for-profit pre-school to open up

Canada-based Learning Jungle School, an early learning and child care provider, will enter the expanding Cambodian pre-school market, planning to start operations in January 2014. Ly Virak, Learning Jungle School franchisee for Cambodia, said there is an increasing number of young Cambodian parents who understand the ...

Hor Kimsay
http://www.phnompenhpost.com/business/canadian-profit-pre-school-open

Gaming outfit reports loss

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

http://www.phnompenhpost.com/business/gaming-outfit-reports-loss

Philippine, Cambodian rice deal still on hold

Four months after the Philippines and Cambodia signed an agreement to increase rice trade, the plan is stuck in limbo. Philippine Ambassador to Cambodia Noe Wong and Cambodian Minister of Commerce Cham Prasidh signed a deal in April for the Philippines National Food Authority to import ...

http://www.phnompenhpost.com/business/philippine-cambodian-rice-deal-still-hold

RISDA To Open Two Plantations In Cambodia

The Rubber Industry Smallholders Development Authority (RISDA) is opening two plantations in Cambodia, its director-general Datuk Wan Mohamad Zuki Mohamad said Wednesday. He said discussions had been held with the companies that would be tasked with managing the plantations last week. “We are now awaiting approval ...

http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=964158

FAO sees slight decline in Cambodian rice harvest this year

Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDBmNGIwNDFiZWY

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