News

Cambodia, Sri Lanka and the China debt trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. A 2016 International Monetary Fund report showed that Cambodia’s external multilateral public debt is now at US$1.6 billion, while its bilateral public debt with ...

Veasna Var and Sovinda Po
http://www.atimes.com/article/cambodia-sri-lanka-china-debt-trap/

Police arrest 17 Bangladeshis wanted for human trafficking

A yearlong investigation by immigration police culminated in the arrest on Saturday of 17 Bangladeshi men hiding in Phnom Penh and Poipet City to avoid charges of human trafficking in their home country, police said Sunday. Three of the fugitives, arrested   at a guesthouse in Phnom ...

Ben Sokhean
http://www.cambodiadaily.com/news/police-arrest-17-bangladeshis-wanted-for-human-trafficking-72876/

LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn

Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media ...

Lanka Business Online News Staff
http://www.lankabusinessonline.com/news/lolc-group-acquires-60-pct-stake-in-cambodian-microfinance-company-for-usd-20.3-mn/1806143502

Smart posts midyear gains

Mobile service provider Smart has outperformed its fellow Axiata Group subsidiaries in the first half of the year, according to the Malaysian conglomerate’s latest financial report. Driven by a 115 per cent increase in data traffic revenue, Axiata’s results show Smart’s gross revenue totalled 270 million ...

Eddie Morton
http://www.phnompenhpost.com/business/smart-posts-midyear-gains

Stolen Buddha urn reclaimed

Authorities say they have recovered a priceless gold urn believed to contain the ashes of the Buddha from a house in Takeo province’s Traing district. Kandal provincial police chief Eav Chamroeun said officers arrested two suspects yesterday, in the process seizing back the urn, along with ...

Chhay Channyda, Shane Worrell and Sen David
http://www.phnompenhpost.com/national/buddha-urn-found-police

Sri Lankan company to plant 20,000 hectares of rubber in Cambodia

Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy. Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGEzOGYyMjJhYTI

Asian garment industry to undergo further segmentation

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...

http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm

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

Cambodia scores high marks for renewable energy

Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MjRiYTU0NzYyNTR

FAO Raises Paddy Production Outlook

The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...

http://www.cambizreview.com

EU warns 8 nations to improve their fight against illegal fishing

he European Union is warning eight nations from around the world to improve their fight against illegal fishing or risk sanctions. EU Fisheries Commissioner Maria Damanaki said Thursday that naming Belize, Cambodia, Fiji, Guinea, Panama, Sri Lanka, Togo and Vanuatu did not mean they were put ...

http://www.edmontonjournal.com/business/warns+nations+improve+their+fight+against+illegal+fishing/7552277/story.html

Regus Opens in Cambodia, Expands Footprint to 99 Countries

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 ...

http://www.timescolonist.com/business/Regus+Opens+Cambodia+Expands+Footprint+Countries/7550616/story.html

Sri Lanka’s Touchwood acquires land in Cambodia to set up an agricultural project

Sri Lanka’s Touchwood Investments PLC has acquired 11,138 hectares of land in Cambodia to set up an agricultural project to plant rubber and other crops. Chairman of the firm, Roscoe A. Maloney, says the acquisition done in the previous financial year is aimed at exploring the ...

http://www.news360.lk/business-finance/news-sri-lanka%E2%80%99s-10-09-2012-touchwood-to-set-up-an-agricultural-project-in-its-cambodian-land-557891

ANRPC sees higher rubber output

Natural rubber (NR) production in Association of Natural Rubber Producing Countries (ANRPC) this year is set to rise by 4.9% to 10.83 million tonnes from 10.33 million tonnes in 2011 The members of ANRPC are Thailand, Indonesia, Malaysia, Vietnam, Cambodia, India, China, Papua New Guinea, the ...

http://biz.thestar.com.my/news/story.asp?file=/2012/9/6/business/11977003&sec=business

ABF Freight Adds Offices in Asia

ABF Freight System Inc. on Monday announced it had opened offices in Indonesia, Japan, Singapore, South Korea, Malaysia, Vietnam, Thailand, Cambodia, Myanmar, the Philippines, India and Sri Lanka. The locations are in addition to ABF offices in China, Hong Kong and Taiwan, ABF said in a ...

http://www.arkansasbusiness.com/article.aspx?aID=128384.54928.140526

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