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Entries from May 2008

Cambodia to Increase Cambodia Trade with North Korea

October 29th, 2007 · 1 Comment

Cambodia plans to sign an agreement with North Korea to increase Cambodia trade according to Forbes.
While it is unclear to what extend the agreement will increase Cambodia trade with North Korea, the diplomatic ties that the two countries are forging are not likely to go over well with the US.
If an increase of Cambodia trade […]

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Tags: Cambodia Trade

US Pledges $65 million to Help Improve Cambodia Economy

October 23rd, 2007 · No Comments

The US has pledged $65 million to help improve the Cambodia economy according to The Honolulu Advertiser.
As the growth of the Cambodia economy becomes of more strategic interest to US, the US plans to provide assistance in the areas of improving education, public health, corruption prevention, and in helping to manage natural resources.
However, the likely […]

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Tags: Cambodia Economy

Cambodia Sees $861 Million in Foreign Direct Investment (FDI) This Year

October 18th, 2007 · No Comments

So far this year, Cambodia has seen $861 million in foreign direct investment (FDI) according to the recent United Nations Conference on Trade and Development (UNCTAD) report as cited by XinHua News.
The breakdown of total Cambodia investment thus far this year is as follows:
cambodia cambodia foreign direct investment fdi foreign direct investment […]

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Tags: Cambodia Foreign Direct Investment

Japan Airlines (JAL) to Offer Direct Flights to Siem Reap Cambodia

October 17th, 2007 · 1 Comment

Japan Airlines (JAL) is set to offer direct flights to Siem Reap Cambodia according to Japan’s Corporate News.
While the flight is still contingent on government approval, the Japan Airlines (JAL) direct flight to Siem Reap Cambodia would elevate the need for Japanese tourist to the travel to Bangkok or Ho Chi Minh first in order […]

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Tags: Cambodia Economy

Cambodia Land Prices Rise Twenty-Fold

October 16th, 2007 · No Comments

Cambodia land prices in Phnom Penh have risen from $5 per sq meter to $100 per sq meter in one year according to Channel Asia News.
The key driver to such an increase in Cambodia land prices is due the growing inflows of foreign direct investment into Cambodia from countries such as
cambodia cambodia economy […]

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Tags: Cambodia Foreign Direct Investment

Cambodia Tonle Sap Lake Oil Exploration Raises Environmental and Corruption Concerns

October 15th, 2007 · 2 Comments

The Cambodia government plans to consider exploration of oil and gas in Tonle Sap Lake according to the International Herald Tribune.
Controversy over the announcement involves environmental and corruption concerns.
The 3 million acre lake is home to more than
cambodia economy cambodia government corruption oil and gas oil exports tonle sap lake

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Tags: Cambodia Economy

World Bank Concerned Over Cambodia Corruption

October 12th, 2007 · No Comments

Evidence that World Bank projects in Cambodia are riddled with corruption continues to concern World Bank official according to the Wall Street Journal.
The extend of such corruption runs so deep that in 2006 the World Bank ask for a $ 12 million refund by the Cambodia government in order to compensate for the mismanagement of […]

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Tags: Cambodia Foreign Direct Investment

Japan to Loan $8.7 Million in Cambodia Poverty Reduction

October 10th, 2007 · No Comments

Japan has announced that it will loan Cambodia $8.7 million in aid to help fight Cambodia poverty according to People’s Daily Online.
Loans to Cambodia by Japan have already reached $146 million and the current loan is
cambodia cambodia economy japan loans poverty strategic development

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Tags: Cambodia Economy

China Cambodia Past Relations Spur Investment

October 9th, 2007 · No Comments

As China now looks to other nations to invest, Cambodia is seeing the benefits largely due to is past relationship with China according to EarthTimes.
With strong China Cambodia diplomatic ties dating back to the 1950’s, China made a decision to
cambodia cambodia foreign direct investment china investment

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Tags: Cambodia Foreign Direct Investment

Cambodia Eases Bank Lending Rules

October 8th, 2007 · No Comments

In a sub-decree signed by Prime Minister Hun Sen, the Cambodia government is now allowing investors to use long-term leases and land concession rights as collateral for bank loans according to People’s Daily Online.
The move is a step in the right direction for Cambodia as local investors can now l
bank loans cambodia economy […]

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Tags: Cambodia Economy

Cambodia Lacks Quality Plan to Reduce Poverty

October 2nd, 2007 · No Comments

The Asian Development Bank (ADB) has stated its plan to reduce poverty in Cambodia is relevant, yet it lacks the ability to be effective unless improvements are made according to Forbes.
With overall Asian Development Bank (ADB) performance in Cambodia low, the bank is concerned that
adb asian development bank cambodia cambodia economy […]

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Tags: Cambodia Economy