Cambodia Morning News For November 6

It’s time for Cambodia to choose high-quality investment projects
As the economic development rate in Cambodia keeps steady at 7 percent, the physical manifestations of this growth are seen through the development of many mixed-use high-rise buildings, highlighting the architectural collaborations between local residents and foreign influences.
— The Phnom Penh Post

Three-day Water Festival Attracts 4 Million Visitors
The three days of celebrating the Royal Water Festival attracted a total of 4 million visitors, according to the report of the Ministry of Tourism.
— Fresh News

Cambodia sees Belt and Road Initiative as key development strategy for trade, investment
Cambodia regarded the China-proposed Belt and Road Initiative as a key development strategy for the country’s trade and investment expansion, said a Commerce Ministry news release on Sunday.
— Xinhua

Num Banh Chok: More Than Just Rice Noodles to Khmer (video)
Rice noodles are a staple food in many Asean countries and globally few people would be unaware of pre-packed instant noodles, or cup noodle snacks.
— AEC News Today (video)

Fight for grassroots democracy in Cambodia sidelines U.S.
Sin Rozeth’s attempts to show the benefits of grassroots democracy to some of the poorest people in the Cambodian city of Battambang are in peril.
— Reuters

Apparel leads surge of Kingdom exports
The value of Cambodia’s exports surged to $7.7 billion in the first nine months of this year, a 17 percent increase from the same period last year, according to figures released by the Ministry of Commerce yesterday.
— The Phnom Penh Post

Cambodian king, PM wrap up annual Water Festival
Cambodian King Norodom Sihamoni, accompanied by Prime Minister Samdech Techo Hun Sen, attended the closing ceremony of the annual Water Festival here on Saturday.
— Xinhua

Cambodia urges Thais to sign trade deal
Cambodian officials have asked their Thai counterparts to sign a Memorandum of Understanding (MoU) on cross-border trade as soon as possible to avoid complications for transportation companies when new Thai regulations on cross-border trade comes into effect in mid-November.
— Bangkok Post

Cambodian PM Tells Opposition to Defect or Face Being Banned From Politics
Cambodian Prime Minister Hun Sen on Saturday (04/11) called on lawmakers from the main opposition party to defect ahead of a court ruling on whether to dissolve it, saying they could be banned from politics for five years if they left it too late.
— Jakarta Globe

Business Insider: Transfer pricing rules retooled
With the General Department of Taxation (GDT) recently introducing transfer pricing rules that aim to shore up the Kingdom’s tax base and align regulations with international standards, The Post’s Kali Kotoski spoke with Brendan Lalor, director of tax and advisory services at Ernst & Young, about how the new laws will impact businesses.
— The Phnom Penh Post

Tourists flow to Siem Reap, Sihanoukville over festival weekend
The number of tourists visiting Preah Sihanouk and Siem Reap provinces swelled to 360,000 during the three-day Water Festival this past weekend.
— The Phnom Penh Post

DPM Tea Banh Leads Defense Officials to Thailand
Samdech Tea Banh, Deputy Prime Minister and Minister of Defense, led his senior officials to Thailand on Sunday on a two-day mission to attend the International Defense Security exhibition.
— Fresh News

Feature photo World Bank Photo Collection/Masaru Goto
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.