Cambodia Morning News Roundup For March 2

Cambodia Morning News Roundup For March 2

Welcome to the Cambodia morning news roundup by AEC News Today, your one stop for Cambodia news on matters of governance and policies affecting Asean business communities.

 

Cambodia morning news

Business barometer falls as political uncertainty looms
Business confidence among companies operating in Cambodia has dropped to its lowest level in years on the perceived decline in political stability and anxiety over next year’s general elections, and will likely cool investor appetite for the foreseeable future, according to a new survey by ANZ Royal Bank.
The Phnom Penh Post

Exports driving shift in Thai trade
Cambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to statistics provided yesterday by the Ministry of Commerce.
— The Phnom Penh Post

Chinese bank restructures Cambodian operations
Bank of China (BOC), one of the five biggest state-owned commercial banks in China, announced yesterday that it will restructure its Cambodia operations away from the parent company by selling the assets to BOC Hong Kong for $171 million in two separate transactions subject to regulatory approval.
The Phnom Penh Post

Green Date-Grower in Cambodia Eyes Indonesian Market
There are 700 species of dates in the world, according to Leng Mong Neath, a real estate broker and would-be date farmer. Of these, only about 20 bear edible fruit. And of these 20 edible species, only two can grow in Cambodia.
The Cambodia Daily (paywall)

Cambodia pursues green and clean policy
Cambodia’s Prime Minister Hun Sen has called on the country’s hospitality sector to increase the use of locally grown produce at tourist destinations to improve rural economies.
TTR Weekly

ANZ: Business confidence falls
Cambodia’s business confidence index fell by seven percentage points from last year due to global competition, perceived political instability, and a bearish climate due to the upcoming commune elections, according to the latest ANZ Royal Business Confidence Index Survey report released yesterday.
Khmer Times

Gov’t agro production project nets $36.3M
The Ministry of Economy and Finance secured a $36.3 million concessionary loan from the UN’s International Fund for Agricultural Development (IFAD) program aimed at accelerating the production of small-scale agricultural products including rice, vegetables, potatoes, silk and livestock, according to a ministry release yesterday.
The Phnom Penh Post

Cultivation of cassava still firmly rooted
Cambodian farmers continue to expand cassava cultivation despite falling commercial prices for the crop and low international trade volumes, new data from the Ministry of Agriculture show.
The Phnom Penh Post

Cambodia Ready to Assist Malaysia With Kim Jong-nam Murder Probe, Officials Say
The Cambodian government has said it stands ready to assist the Malaysian authorities’ investigation of the recent death of Kim Jong Nam, the estranged half-brother of North Korean dictator Kim Jong Un.
VOA

Former Soldier Admits to Killing Cambodian Political Analyst
A Cambodian former soldier accused of gunning down a popular political analyst and government critic last July confessed to the crime during a more than five-hour trial on Wednesday in a packed courtroom in Phnom Penh.
Radio Free Asia

Who are Cambodia’s new deputy opposition leaders?
On Tuesday, the opposition Cambodia National Rescue Party (CNRP) announced that three of its politicians – Mu Sochua, Eng Chhay Eang and Pol Ham – would replace Kem Sokha as vice presidents of the party after he was made the new party president.
Southeast Asia Globe

Joint Cambodia, Laos tour packages
Cambodia and Laos, in a bid to promote bilateral tourism, will create joint tour packages to facilitate the visit of tourists to both countries.
Khmer Times

Researchers seek new rice varieties
The Philippines-based International Rice Research Institute (IRRI) has agreed to help Cambodia plant new high-yielding rice varieties that are also able to survive extreme climatic events.
Khmer Times

Kem Ley Murder Suspect to Appear at Hearing
The lawyer for a man suspected of killing a prominent government critic in Cambodia’s capital last year has said his client would attend a hearing in the case on Wednesday.
VOA

New Startup Sees Tech Potential Beyond Battambang’s Agriculture
The Coder Studio is an eight-month-old, eight-member team and one of the first technology startups based in Cambodia’s agricultural province of Battambang. It primarily builds computer and mobile applications for small businesses.
VOA

 

 

 

Feature photo: John Le Fevre

 

 

The Cambodia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

The following two tabs change content below.
Vat Vin

Vat Vin

Vat Vin graduated from the University of Cambodia with a major in Economics. He previously worked as a business writer and journalist at Business Cambodia and as a copy writer at The Source and Solution Group before joining AEC News Today.
Vat Vin

Latest posts by Vat Vin (see all)

Do you know more about this story? Leave a comment or email: feedback@aecnewstoday.com