News

Toll Royal Railways expands

Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...

http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.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

Growth in service sector brings more challenges

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...

http://www.tourismcambodia.com/news/events/7109/growth-in-service-sector-brings-more-challenges.htm

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

Ministry, factories strike deal

About 600,000 workers in the lucrative garment and footwear industries, roughly 95 per cent of the sector’s work force, will soon take home an extra US$10 a month, the Ministry of Labour said yesterday. Barely an hour after a protest involving garment workers at the capital’s ...

http://www.phnompenhpost.com/index.php/2012071257382/National-news/ministry-factories-strike-deal.html

Direct Bangkok-Phnom Penh Bus Route Officially Opens Commences

Starting today, 22 Cambodian buses and a truck will be allowed to transport passengers and goods directly between Phnom Penh and Bangkok, an official said yesterday. “We will officially open the Poipet International Checkpoint [to buses and trucks] on the Thai border,” said Suon Vanhong, deputy ...

Buses to Run Direct to and from Bangkok

Starting next month, 80 Cambodian and Thai buses and trucks will be allowed to transport goods and passengers directly between Bangkok and Phnom Penh for the first time, an official said yesterday. Suon Vanhong, deputy director of transport at the Ministry of Public Works and Transport, ...

Study to determine cost to finish railway

With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...

Port in Kampot to turn province into regional trade hub

Kampot Port Co will break ground on a Kampot port in September, company officials said yesterday. The port will be an important part of a long-delayed Kampot Special Economic Zone (KSEZ), which is hoped to revitalise trade and commerce in the province. Vinh Huor, president of the ...

http://www.phnompenhpost.com/index.php/2012050255906/Business/port-in-kampot-to-turn-province-into-regional-trade-hub.html

Toll Royal derails regional projects

The unclear future of Cambodia’s national railway, following Toll Royal Railways’ suspension of operations on March 31, has cast doubt not only on the oft-delayed redevelopment project but also on a larger build-out expected to connect much of Asia. Toll Royal, a joint venture by Australian ...

http://www.phnompenhpost.com/index.php/2012050155880/Business/toll-royal-derails-regional-projects.html

City's public transport may take 10 years to materialize

A public transportation system for Phnom Penh is still years from becoming a reality, according to a presentation during a meeting on urban transit on Friday at City Hall, but the Japan International Cooperation Agency (JICA) will begin a survey at the end of May ...

New Year’s price hikes kick in

As many flock to their hometowns today to celebrate Khmer New Year, complaints of price hikes and border bribes have started pouring in like clockwork. Passengers arranging transport to the provinces told the Post yesterday that bus companies and taxies had raised their prices despite a ...

http://www.phnompenhpost.com/index.php/2012041255576/National-news/new-years-price-hikes-kick-in.html

Firms may invest in light rail, traffic lights

Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network. According to an announcement on the municipality’s website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, ...

Pakistan, Cambodia talk economic ties

Pakistan and Cambodia yesterday discussed strengthening economic ties in areas such banking and transportation, a government official said. Ambassador of Pakistan Fazal-ur-Rahman Kazi and Cambodia’s Deputy Prime Minister Sok An considered an agreement on the protection of trade and investment, Ek Tha, spokesman for the Council ...

http://www.phnompenhpost.com/index.php/2011122353574/Business/pakistan-cambodia-talk-economic-ties.html

South Korea lends $52.2M for road renovation

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

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 ...

Economic Census Sheds Light on Businesses

The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...

ADB talks Cambodia funding priorities

The Asian Development Bank (ADB) is focusing on lending to the agriculture, education, finance, water supply and transport sectors in Cambodia as part of its three year Country Partnership Strategy, worth $500 million. $377 million will be allocated to 12 projects in the five mentioned ...

http://www.phnompenhpost.com/index.php/2011070850270/Business/adb-talks-cambodia-funding-priorities.html

Bank Says No Railway Evictee To Be Left Behind

The Asian Development Bank announced yesterday that the organizations behind the rehabilitation of Cambodia’s railways, including the government and the Australian development agency, have jointly pledged to address the complaints of people facing eviction from dwellings across the rail lines. The Australian government provided ...

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