News
Youth keying into digital economy
Southeast Asia’s youthful population is embracing the internet and rapidly connecting to the digital economy, creating enormous potential for economic growth throughout the region, panellists at the World Economic Forum on ASEAN said on May 10. Addressing a panel discussion on “The ASEAN Dream”, Kao ...
Mekong states sign on to UN policy on drugs
With the Kingdom in the middle of a controversial “war on drugs”, six Mekong countries agreed on May 10 to adopt a regional drug policy that puts health care first, and mandates police and judicial cooperation. Ministers and delegates from Cambodia, China, Laos, Vietnam, Myanmar and ...
Quality infrastructure needed to support economic growth
Cambodia sits at a crossroads in the ASEAN region, potentially making it a key part of regional economic development and trade flows, though improved infrastructure and more innovative financing approaches are still needed, infrastructure experts meeting in Phnom Penh said on May 10. Speaking at ...
Illegal meat confiscated
Koh Kong provincial authorities, in collaboration with the Wildlife Alliance, on Tuesday confiscated 50 kilos of illegal game meat as well as several wild animals that were still alive. The animals were released in Botum Sakor National Park while the confiscated meat was buried. Agriculture ...
Minister aims to boost farming through partnerships
The government is considering setting up public private partnerships to add value to the country’s farming industry, Agriculture Minister Veng Sakhon has told a meeting of senior regional leaders. Speaking at the Grow Asia Forum on May 10, Mr Sakhon said Cambodia is in the ...
Quality infrastructure vital for growth
Quality infrastructure will attract foreign direct investment and is the key to ASEAN’s sustained economic growth, according to a Japanese bank official on May 10. “The ASEAN region needs to give priority to developing good infrastructure. This is a key factor for improving connectivity and long ...
Japan agrees aid for port expansion
The Japanese government has agreed to help Sihanoukville Autonomous Port (SAP) introduce an electronic system for handling import and export procedures. The Electronic Data Interchange (EDI) system will allow companies to send one another electronic information, replacing the manual method currently in use. The agreement ...
Kerry Worldbridge SEZ opens its doors
Kerry Worldbridge Logistics’ special economic zone began operating yesterday, with promises of boosting the high-end technology industry. The zone, a joint venture between Hong Kong-listed Kerry Logistic Network Ltd and Worldbridge International, said the SEZ will be a hub for foreign manufacturing firms. Sear Rithy, president ...
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families on May 9 petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
