News

Shooting of Cambodian loggers along Thai border continues

Adding to a spate of similar incidents since October, Thai soldiers fired on a group of Cambodians who had illegally entered Thailand from Oddar Meanchey province on Saturday looking to log valuable rosewood trees and shot one in the hand, a provincial official said yesterday ...

Eight killed on Thai border in October

Eight Cambodian suspected of illegally logging along the Thai-Cambodian border have been shot dead by Thai soldiers, and three others have been wounded in the month of October alone, human rights workers and officials said Friday. The latest figure brings the death toll so far this ...

Cambodia-Thai trade still on track

Thailand’s worst floods in decades have not slowed trade with Cambodia, a Thai official in Phnom Penh said yesterday, claiming many products sought by Cambodia came from areas free of flooding. Bilateral trade between the two countries rose nine per cent year-on-year in the first nine ...

http://www.phnompenhpost.com/index.php/2011111152697/Business/cambodia-thai-trade-still-on-track.html

Crocodile prices down, breeders blame floods

Cambodian crocodile farmers have blamed the falling price of the reptile on flooding, which they say has turned away Thai and Vietnamese buyers – the market’s cornerstone. Prices for young crocodiles have dropped 25 per cent since August, Kandal breeder Kaing Sarin said. His reptiles fetched ...

http://www.phnompenhpost.com/index.php/2011102852397/Business/crocodile-prices-down-breeders-blame-floods.html

Study says country unlikely to meet rice goal

Cambodia is unlikely to meet even half of its 2015 goal to export 1 million tons of milled rice unless export and production costs are greatly reduced and more private investment goes toward the agriculture sector, according to a new World Bank study obtained Monday. The ...

Kingdom’s trade with Thailand up

Bilateral trade between Cambodia and Thailand increased slightly by 8 per cent during the first eight months of 2011 compared to the same period last year, according to the Thai Embassy’s Foreign Trade Promotion Office (FTPO) statistics obtained by the Post yesterday. The increase in trade ...

http://www.phnompenhpost.com/index.php/2011101752153/Business/kingdoms-trade-with-thailand-up.html

Cambodia, Singapore urge peaceful solution to South China Sea dispute

Phnom Penh — Cambodia’s Minister of Foreign Affairs Hor Namhong and his Singapore’s counterpart K Shanmugam agreed on Wednesday that the territorial dispute in the South China Sea between China and some ASEAN countries should be solved peacefully. “We have exchanged ideas on the issue of ...

http://news.xinhuanet.com/english2010/china/2011-10/05/c_131175455.htm

Foreign investment needed in Special Economic Zones

According to a Sept 4 press release from the Council for Development of Cambodia (CDC), there are currently a total of 19 SEZs and most of them are situated along Cambodia’s borders with Vietnam and Thailand. Eight are fully operational with both local and foreign ...

http://www.etmcambodia.com/

Kingdom set for IT growth over next decade

Cambodia’s information technology sector is looking to leapfrog its current capacities in the next decade as the Kingdom chases other countries in the region, industry experts say. As much as 40 per cent of the country could be online within 10 years, Dell general manager of ...

http://www.phnompenhpost.com/index.php/2011092951863/Business/kingdom-set-for-it-growth-over-next-decade.html

As pig imports grow, price of pork drops

A rise in pig imports from Thailand and Vietnam has driven down pork prices by as much as 33 percent in the past month, leaving farmers here worried that an oversupply in the market will cut into profits. Prathna Preap, a swine market expert at USAID, ...

Oil-claims talks 'highly likely'

Thailand is reportedly preparing to re-enter negotiations with Cambodia on the Overlapping Claims Area after officials from the two countries talked this week at the ASEAN Energy Business Forum in Brunei. Thai Energy Minister Pichai Naripthaphan said yesterday that he met informally with Ministry of Industry ...

http://www.phnompenhpost.com/index.php/2011092351817/Business/oil-claims-talks-highly-likely.html

TNT expands Asia Road Network

TNT Express linked its Chinese day-definite domestic road services into its Asia Road Network. This has created the only scheduled day-definite road network covering China, Vietnam, Cambodia, Laos, Thailand, Malaysia and Singapore, said the operator. CEO Marie-Christine Lombard said: “With the integration of TNT’s two ...

http://www.ifw-net.com/freightpubs/ifw/index/tnt-expands-asia-road-network/20017904622.htm

Floods show Laos needs early warning

Heavy flooding during the rainy season, affecting 10 out of 17 provinces in Laos, has underlined the need for stronger disaster-management efforts, experts say. Tropical storm Haima struck central and northern parts of the country on June 24, with Nock-10 hitting central and southern areas on ...

http://www.phnompenhpost.com/index.php/2011091551652/National-news/floods-show-laos-needs-early-warning.html

Multimodal transport operation will be implemented in ASEAN countries in 2012

In 2012, Cambodia, Thailand, Vietnam, Laos and Myanmar will begin to implement a multimodal transport operations project in order to strengthen the ASEAN regional cross-border transport corridors and promote regional and transport development toward the ASEAN-community integration in 2015, senior officials said this week ...

Business sector feels pinch of govt's minimum wage hike

BANGKOK – The Pheu Thai-led coalition government’s planned 300 baht daily minimum wage hike has forced some businesses to shift their production bases to areas bordering Cambodia and Myanmar, the Employers’ Confederation of Thailand (ECOT) told a seminar on Monday. At a seminar on implementing the ...

http://www.mcot.net/cfcustom/cache_page/266308.html

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

Yingluck adds fuel to gas talks

Deputy Prime Minister and head of the Cambodian National Petroleum Association Sok An has called for the resumption of talks with Thailand over the disputed overlapping claims area in the Gulf of Thailand, believed to be rich in oil and natural-gas reserves. The oil industry had ...

http://www.phnompenhpost.com/index.php/2011091251581/National-news/yingluck-adds-fuel-to-gas-talks.html

Competitiveness Improves

The World Economic Forum’s (WEF) Global Competitiveness Index 2011-2012 ranked the Philippines 75th out of 142 economies, up from 85th out of 139 in the 2010-2011 report. Last year’s placing marked a reversal of 2009’s slide to 87th in a list of 133, from 71st ...

http://www.bworldonline.com/content.php?section=TopStory&title=Competitiveness-improves&id=37920

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