Posts Tagged ‘Business News’

National emblem of the People's Republic of China

People's Republic of China

China and Cambodia on Thursday inked 6.4-billion-U.S. dollars deals ranging from infrastructure construction to energy exploration.

A total of 16 deals were signed after the hour-long talks between top Chinese legislator Wu Bangguo and Cambodian Prime Minister Hun Sen late Thursday afternoon.

The package of deals covered such key areas of bilateral cooperation as infrastructure construction, water resources development, telecommunication technology and energy exploration among others.

In earlier talks, Wu, chairman of the Standing Committee of the National People’s Congress (NPC), the country’s top legislature, reviewed the smooth growth of China-Cambodia ties since the two countries forged diplomatic ties in 1958.

“Particularly in recent years, bilateral relations have developed rapidly,” Wu said, highlighting strong trust, sincere cooperation and mutual support.



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Nov. 1 (Bloomberg) — Secretary of State Hillary Clinton urged Cambodians to pursue a variety of partnerships throughout the Asia-Pacific region and not become over-reliant on China.

“You don’t want to get too dependent on any one country,” Clinton said in response to a question about China’s influence during a meeting in Phnom Penh today with Cambodian youth. “You want to look for partnerships that cut across regional geographic lines.”

Clinton’s Cambodia visit is part of the Obama administration’s drive in Asia to affirm U.S. leadership and provide a counterpoint to China’s rising clout. Both China and the U.S. are working to extend their influence in Cambodia, said Ernest Bower, director of the Southeast Asia program at the Center for Strategic and International Studies, a policy group in Washington.


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Mfone Vs Metfone

Mfone Vs Metfone

TWO of Cambodia’s largest mobile operators – Metfone and Mfone – have blocked calls between their networks this week over a disputed US$500,000 fee payment, an official said yesterday.


The Kingdom’s second- and third-largest mobile operators respectively, as measured by government data on subscriber numbers, have taken turns blocking services since Tuesday, according to Mfone Chief Financial Officer Naruemon Sriphan.

The dispute arose over more than $500,000 in interconnectivity charges which Mfone believes was owed to it by Vietnamese military-backed Metfone, she said.


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The USC campus from above, prior to constructi...

University of the Sunshine Coast

THE Ministry of Tourism will receive assistance from Australia’s University of the Sunshine Coast to improve education standards and sustainable planning for the domestic tourism industry.

The two parties signed a memorandum of understanding at the public university in the state of Queensland earlier this week.

The deal will see Cambodia benefit from the University of the Sunshine Coast’s expertise specifically in eco-tourism planning, as well as training tourism professionals, according to ministry Chief of Cabinet Kong Solyda.

“The agreement has the potential to strengthen and improve professional skills of employees in the tourism sector in order to attract more local and international tourists,” he said yesterday.

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U.S. Secretary of State Hillary Clinton will visit Cambodia next week, the Ministry of Foreign Affairs and International Cooperation said in a statement Monday.

The statement said that Hillary Clinton will lead a delegation to pay an official visit to Cambodia on Nov. 1, and she will be received in Royal Audience by Cambodia’s King Norodom Sihamoni, and will pay a courtesy call on Prime Minister Hun Sen and to hold a bilateral meeting with Hor Namhong, deputy prime minister and minister of foreign affairs of Cambodia.

Prior to her schedule in Phnom Penh, Hillary Clinton will visit Angkor temples in Siem Reap province for two days.

Clinton is planned to visit a series of Asian countries before coming to Cambodia including New Zealand and Malaysia.

The last U.S. secretary of state who had paid official visit to Cambodia was Warren Christopher in 1996 and followed by a working visit of Colin Power to ASEAN related meetings in Cambodia in 2003.

Source: according peopledaily.com

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Entrance of Phnom Penh International Airport

Image via Wikipedia


PHNOM PENH, Cambodia (AP) – Cambodian aviation authorites issued a vague apology Tuesday for confusion over flight disruptions, saying weather conditions did not force the closure of its two international airports as stated a day earlier.

“No flight disruption or weather-related delays (have) occurred. Any information stating differently is groundless,” the civil aviation authority and the airports‘ operator said in a joint statement.


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FOREIGN tourist arrivals to Cambodia grew 15 percent in the first eight months of the year, compared to the same period of last year.

Tourism Ministry Director General Tith Chan Tha said the industry was returning to heights experienced before the financial crisis, as ministry statistics showed 1,630,068 tourists visited Cambodia from January to August 2010, from 1,422,003 for the same period of last year.


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