Tag Archives: development
GE, Kingdom sign development MoU for energy projects
American conglomerate General Electric and the Ministry of Industry, Mines and Energy yesterday signed a memorandum of understanding, forming a development partnership to enhance industrial infrastructure and research alternative energy use in the Kingdom. GE, one of the largest companies in the US, plans to work alongside MIME to promote energy initiatives involving advanced gas turbine technology and efficient smart grid technology, according to GE Vice Chairman John Rice. “As one of the dynamic countries in ASEAN today, Cambodia’s location between Vietnam and Thailand means it plays a strategic role in the rapidly growing cross-border trade,” he said. Continue reading
Posted in Khmer newspaper
Tagged assistance, business, cambodia, chairman, council, country, deputy, development, health, ministry, possibilities, secretary
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High-output rice seed factory set to be built
Photo by: Heng Chivoan A worker unloads bags of rice near the corner of Street 108 and Sisowath Quay in Phnom Penh over the weekend. The Kingdom is set to build a new rice seed factory. Cambodia firm Overseas Cambodia Investment Corporation yesterday signed a Memorandum of Understanding with a Singapore-based company to develop a high-output rice seed factory in the Kingdom. Continue reading
Posted in Khmer newspaper
Tagged agriculture, business, cambodia, cambodia-rice, country, development, forestry, investment, near-the-corner, president-pung, singapore-based, study
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Huge real estate deal gets tongues wagging
Speculation has it the biggest property deal in half a decade has just been inked, dwarfing the Hongkong Land purchase made last spring. Hongkong Land (Singapore) Pte Ltd, a subsidiary of Jardine Matheson, shelled out $35.7 million in April for a number of properties in Phnom Penh and Siem Reap from the ailing JSM Indochina, of course Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, capital, companies, country, development, industry, international, kingdom, phnom-penh, real, reputation, shopping, space, united-nations
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FDI soars 250% over last year
Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, council, deputy, development, diversification, economy, foreseeable, from-the-global, kingdom, real-estate, sector, tourism, tourism-thong, year
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Floods force GDP revision
Officials now expect 6 per cent growth Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact of the floods cannot yet be determined, but growth should remain at or above 6 per cent, officials and experts said. Economic problems abroad will have less of an effect on the Kingdom’s outlook. Continue reading
Posted in Khmer newspaper
Tagged chheng-kimlong, country, deputy, development, government, kingdom, minister-keat, prime-minister, rice, university
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Thais to reconsider oil MoU
Cambodian officials yesterday welcomed statements from Thailand’s foreign minister that an all-important 2001 memorandum of understanding on the Overlapping Claims Area would most likely be renewed. Foreign Minister Surapong Towichukchaikul said the MoU would be sent to Thai Prime Minister Yingluck Shinawatra’s cabinet on October 18 for review, according to Pheu Thai spokeswoman Titima Chaisang. The 2001 agreement between the two governments originally outlined a plan for defining the disputed Overlapping Claims Area, which is believed to be rich in oil and gas. Continue reading
IMF sees chances to grow
Photo by: Mai Vireak New International Monetary Fund resident representative for Cambodia Faisal Ahmed speaks to Post reporters in Phnom Penh yesterday. Rising production costs in countries like China and Vietnam may soon give rise to higher-value manufacturing in Cambodia, as investors are drawn to the Kingdom’s favourable business environment, the International Monetary Fund’s newest resident representative for Cambodia said yesterday. Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, cambodia-faisal, chinese, development, international, japanese, monetary-fund, phnom, phnom-penh, vietnamese
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