Author: boraleopardcapital Reposted from the Bangkok Post
By Steve Finch
The biggest US trade delegation to Cambodia in decades joined Secretary of State Hillary Clinton here as the two countries look to expand their economic relationship beyond exports of cheaply produced garments.
Executives from Google, Goldman Sachs and MasterCard were among the cast of US multinationals that attended the US-Asean Business Forum in Siem Reap on July 13 following Mrs Clinton’s stops in Vietnam and Laos. More…
Reposted from the Voice of America
By Scott Stearns
U.S. Secretary of State Hillary Clinton is in Cambodia where she met with Prime Minister Hun Sen to discuss U.S. investment and Cambodia’s outstanding debt. More…
Reposted from Bloomberg
By William Pesek
Myanmar’s conversion to democracy is breathing new life into a project with a terminally boring name: Greater Mekong Subregion.
This name was bestowed on an investment bloc that the Asian Development Bank put together in 1992. It was made up of Cambodia, Laos, Myanmar, Thailand, Vietnam and China’s Yunnan Province. Talk about odd bedfellows. It mixes constitutional monarchies, immature multiparty democracies, communist states and military regimes suddenly mulling elections with one thing in common — a waterway that’s central to the livelihood of 330 million people. More…
Reposted from the Phnom Penh Post
By May Kunmakara
Phnom Penh Water Supply Authority saw 8.2 per cent revenue growth during the first quarter of the year, a welcomed disclosure after the retirement of the state-owned firm’s general director was announced last week.
The firm took in US$7,725,500 between January and March, up from $7,140,473 during the same period last year, according to a financial statement released on Friday. More…
Reposted from the Global Times
British Foreign Office Minister Jeremy Browne said Tuesday that the United Kingdom has set its political program to strengthen and expand relationship with Cambodia and the Association of Southeast Asian Nations (ASEAN).
Browne made the remarks during a meeting with Cambodian Prime Minister Hun Sen at the Peace Palace, according to Eang Sophallet, spokesman for Prime Minister Hun Sen.
Browne said the UK has laid out a foreign policy to work closely with ASEAN as the ASEAN has been working closely toward a community by 2015, adding that the UK is committed to doubling trade volume with ASEAN in the next five years. More…
Reposted from Ebeling Heffernan’s Live Trading
Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012
Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year.
The port’s report showed that from January to May this year, the port had received some 100,000 twenty-foot-equivalent units, TEUs or standard-sized containers, + 8% compared with the same period last year. More…
Reposted from the Jutia Group’s Gold Report
The Gold Report: Why should investors pay attention to Cambodia?
Ken Booth: Because of political forces, Cambodia was forgotten and ignored. The French explored during its colonial period in Vietnam and other parts of Southeast Asia. That information was lost. The Australians explored Southeast Asia, but focused more on Indonesia, closer to its backyard. The political strife that ended in the mid-1980s further stopped foreign investment in Cambodia and it became a forgotten place. More…
Reposted from the Phnom Penh Post
By Don Weinland
Oil production in Cambodia may not begin until 2016, or at least three years after the originally appointed date, Chevron officials reportedly said at a Ministry of Environment meeting on Friday.
Government officials yesterday confirmed the feasibility of the time frame.
If Chevron Overseas Petroleum Cambodia gained approval for a production permit by the end of this year, it could embark on a 34-month process that would lead to drawing oil from Cambodia’s offshore Block A in the Gulf of Thailand, according to people who attended Friday’s meeting. More…
Reposted from the Phnom Penh Post
By May Kunmakara and Gregory Pellechi
Prudential plc, a financial-services company from the United Kingdom, planned to invest US$7 million in Cambodia’s insurance industry, British ambassador Mark Gooding told Cambodia’s Minister of Economy and Finance Keat Chhon during a meeting on Friday.
Prudential, not to be confused with the Prudential Insurance Company of America, will open an office in the Kingdom but the ambassador could not confirm the services to be offered, or a time frame for the launch. More…
