Tourism arrivals climbed again in August, but analysts warned that the data did not signify a recovery in the sector, with the gains mostly coming from visitors crossing overland borders rather than air arrivals from the higher-spending developed world. Last month 171,668 foreigners came to Cambodia, Minister of Tourism Thong Khon said Monday at an inauguration [...] [...more]
Commerce Minister Cham Prasidh called on the World Trade Organisation (WTO) Monday to address “systematic” obstacles to the admission of least-developed countries (LDCs) into the trade body. Only three countries categorised as least-developed had been admitted to the global organisation since it was launched in 1995, he told officials from the WTO, World Bank, the European [...] [...more]
The government signed an amendment to an existing bilateral agreement with the United States on Wednesday that will provide US$7.79 million in funds for a programme aimed at boosting productivity in rural businesses. Deputy Prime Minister Sok An said the money, which will be provided through the US Agency for International Development (USAID), would provide a [...] [...more]
The global financial crisis has led to fewer visitors to Siem Reap and, therefore, big financial losses for many businesses that rely on the tourism trade. Some, however, have never been busier, including French expatriate Herve Nicole’s quad bike tour business, the only one of its kind in town. Nicole’s theory is that, although tourists are happy [...] [...more]
The Phnom Penh Autonomous Port is starting to see the benefits from the launch of the Cai Mep deepwater port in southern Vietnam, with outbound cargo increasing 22.65 percent in August compared with the same month a year earlier. The gain follows a 0.84 percent increase in exports through the port in July, which in turn [...] [...more]
The company behind a proposed $4 million tourist port in Kep province has applied for approval to boost its investment to $20 million and build a conference centre on site, a company representative said Monday. The woman, who declined to be named, said Rotong Development Group had asked for a land concession on more than 100 [...] [...more]
The recently announced deals between China and India concerning ASEAN trade are expected to add a welcome boost to trade figures within the region, and to stimulate recovery following the global downturn. Accordingly it seems an appropriate time to revisit the prefaces to the China Briefing book “China’s Neighbors” as it provides a good overview [...] [...more]
