News

The ASEAN+3 (China, Japan and South Korea) Summit was held here on Monday to discuss measures and actions to further enhance cooperation in the future. The Summit was made between the leaders of the ten-country ASEAN led by Cambodian Prime Minister Hun Sen and the leaders ...

PRIME Minister Julia Gillard is aiming for an ambitious trade agreement that not only covers ASEAN and its neighbours but leaves the door open for other entrants. Ms Gillard arrived in the Cambodian capital Phnom Penh on Monday for the East Asia Summit, which is set ...

Southeast Asian nations displayed a rare show of unity on Sunday against China’s sweeping maritime claims, calling for the first formal talks with Beijing over a sea dispute that has raised tensions and exposed deep divisions in the region. As Chinese Premier Wen Jiabao arrived in ...

Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...

A glance around Battambang’s dilapidated train station reveals the monumental task it will be to complete the Cambodian segment of the ‘iron silk road’, which will connect Southeast Asia to Europe by rail for the first time. Cows graze between missing rails in front of ...

Cambodian authorities have disrupted several events held by nongovernmental organizations and have threatened to arrest anyone holding protests ahead of sensitive regional summits to be held in the capital Phnom Penh, rights groups said Wednesday. The Independent Democracy of Informal Economic Association (IDEA) said authorities in ...

The World Bank and Japan will promote Thailand as the insurance centre of the Association of Southeast Asian Nations (Asean) to help develop the industry in neighbouring countries and provide professional services to the more advanced economies. The move is also expected to upgrade the insurance ...

Cambodia imported approximately 1.2 billion tonnes of petroleum in the first nine months of the year, up 12.51 per cent from the 1.1 billion tonnes in the same period last year, statistics from the Ministry of Commerce showed last week. From January to September, Cambodia bought ...

What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...

The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...

Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

The price of paddy rice in Cambodia’s northwestern provinces jumped to 1,500 riel from 1,350 riel per kilogram in mid-October on a lack of supply, but quickly fell to 1,360 riel. Meanwhile, the prices in the Cambodia-Vietnam border provinces rose from 1,300 riel to 1,390 ...

With the recent announcement that two Taiwanese banks plan to open branches in Cambodia, the number of commercial banks in the country will swell to 34 and may even go higher as foreign businesses seriously consider Cambodia an alternative to more costly countries such as ...

Norway-based Eltek Valere has won a court injunction against Mfone, the Cambodian mobile subsidiary of SET-listed satellite operator Thaicom, for its failure to pay outstanding service charges. According to The Bangkok Post on Monday, citing court documents, the Phnom Penh Municipal Court ruled in favor of ...

Cambodia spent $1.22 billion to purchase petroleum from foreign suppliers in the first nine months of this year, a 18 percent rise compared with $1.03 billion it spent during the same period last year, a Commerce Ministry’s report showed Monday. ...

Celestial Tiger Entertainment (CTE), the operator of the largest bouquet of pan-Asian channels dedicated to Asian entertainment, has announced five new carriage agreements on the first day of the 2012 CASBAA Convention, the annual pay TV industry conference held in Hong Kong. The newly-inked deals ...

Cambodian migrant workers in Thailand, Japan, Malaysia and Korea have sent home an average of US$360 million a year in remittances, according to Seng Sakada, general director of Ministry of Labor and Vocational Training. Overseas Cambodian migrants mainly work in the fields of housework, construction, factories ...

FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...

AHAVA Dead Sea Laboratories is expanding its international activity Dead Sea products to be sold in Poland, Italy, Switzerland, Korea, Greece, Denmark and Cambodia. Company CEO expects 10% growth in sales in coming year “In Phnom Penh, the Cambodian capital, we are operating through a franchisee’s store, ...

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

Tiger Airways has launched two new routes from its Singapore (SIN) base, using its single fleet of 180-seat A320s. On 27 September, the low-cost airline began operating five times weekly to Hyderabad (HYD) in southeast India – the airline’s sixth destination in India ...

Direct daily flights between Phnom Penh and Singapore started yesterday with the first Tiger Airways flight departing at 8:30am and landing in Singapore at 11:30am, kicking off a seven-days-a-week low-cost service. The company is offering a special price of US$38 one-way from Phnom Penh to Singapore ...

Tiger Airways inaugural flight from Singapore to Cambodia touched down at Phnom Penh International Airport yesterday morning, making the low-cost carrier the 21st airline to offer daily flights to the capital. Mao Havanall, secretary of state at the State Secretariat of Civil Aviation, said yesterday ...