News

Asean membership has helped reduce development gaps

Cambodia has significantly benefited from its Association of Southeast Asian Nations (Asean) membership, Royal Academy of Cambodia (RAC) secretary-general Yang Peou said on Thursday during a conference to mark the 52nd anniversary of Asean’s establishment and the 20th anniversary of the Kingdom’s membership in the ...

Voun Dara
https://www.phnompenhpost.com/national/asean-membership-has-helped-reduce-development-gaps

Hun Sen Says Cambodia Is Not Ready for Nuclear Power

Prime Minister Hun Sen yesterday denied giving the green light for a neighboring country to construct an electricity-generating nuclear power plant in Cambodia, saying it would be too dangerous. Senior Minister and Vice Chairman for the Council for the Development of Cambodia Sun Chanthol said ...

PM urges migrant protection

Some 285 million workers will migrate for employment when ASEAN countries open their borders to each other in 2015, Prime Minister Hun Sen predicted yesterday, as he urged speedier regional legislative action to ensure they could travel safely. At an ASEAN Socio-Cultural Community Council meeting, the premier warned ...

http://www.phnompenhpost.com/index.php/2012102659423/National-news/pm-urges-migrant-protection.html

China's ICBC offers RMB transfers

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

Window closing on AHRD: NGOs

Time is running out to rid the proposed ASEAN Human Rights Declaration of clauses that would restrict peoples’ rights rather than protect and enhance them, civil society groups said yesterday. Nay Vanda, deputy head of the monitoring section of rights group Adhoc, said civil society groups needed more ...

http://www.phnompenhpost.com/index.php/2012102259330/National-news/window-closing-on-asean-human-rights-declaration.html

Possible benefits for Cambodia in Mekong Region trade

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...

http://www.phnompenhpost.com/index.php/2012101259264/Business/cambodia-to-get-more-benefits-in-mekong-region-trade-adb.html

ASEAN affected by slowdown

The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some ASEAN nations, particularly low-income countries such as Cambodia. A senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some ASEAN economies relying heavily ...

http://www.phnompenhpost.com/index.php/2012101059213/Business/asean-economies-affected-by-slowdown.html

Experts Put Forward Changes to Draft Agreement Protecting Maids

Officials from the government  U.N. and human rights groups on Friday put forward amendments to draft memorandum of understanding (MoU) that is designed to impose safeguards for Cambodians to travel to work as maids in Malaysia. While the original draft by the Malaysian government sets out the responsibility of ...

Transport costs remain high

Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...

http://www.phnompenhpost.com/index.php/2012092758948/Business/transport-costs-remain-high.html

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