Cambodia Morning News For November 7

Exports to US continue to climb upward
Exports to the US continued to trend in positive territory during the first nine months of this year, a sign that one economist took as optimistic for overall trade with the Kingdom’s single largest trading partner despite the bilateral strain on relations and Cambodia’s deteriorating political climate.
— The Phnom Penh Post

Chinese airlines eye Cambodian market
Three more Chinese airlines will enter the aviation market in Cambodia in the near future, with the number of routes connecting Chinese and Cambodian cities also expected to rise, according to an industry insider.
— Bangkok Post

PM Hun Sen Urges Indonesia to Launch Direct Flights to Cambodia
Cambodian Prime Minister Hun Sen on Monday urged Indonesia to launch direct flights to Cambodia to promote tourism and trade as well as people’s relations between the two countries.
— Fresh News

China’s construction bubble may leave Cambodia’s next generation without a home
The construction industry in Cambodia has been enjoying great growth in recent years. Yet there are concerns over the quality of some of these projects and an over-reliance on Chinese investment.
— Southeast Asia Globe

Local insurance firm launches e-platform
Cambodian Investment Management Insurance Agent (CIMIA), a majority owned subsidiary of Cambodian Investment Management, plans to launch the Kingdom’s first online insurance quote system today, allowing users and potential clients to get immediate access to details on an array of insurance products.
— The Phnom Penh Post

Exports to Japan see modest growth
The growth of Cambodian exports to Japan, which have registered in the double-digits for nearly the last decade, slowed to only 2 percent growth during the first nine months of this year, according to newly released data from the Japan External Trade Organization (Jetro).
— The Phnom Penh Post

Investing in Cambodia’s Phnom Penh
Phnom Penh, once known as the ‘Pearl of Asia’, is the capital and largest city of Cambodia. Located at the confluence of three major rivers – the Mekong, the Tonle Sap River, and the Bassac River -, the city serves as Cambodia’s major economic, business, and trading destination.
— Asean Briefing

Capital port signs MoU for container shipping
The Phnom Penh Autonomous Port (PPAP) announced yesterday that it recently signed a memorandum of understanding (MoU) with contractor KTC International in an effort to establish future cooperation between the two entities, according to a filing on the Cambodia Stock Exchange (CSX).
— The Phnom Penh Post

U.S Cuts Aids to CMAC for Bomb Removal, PM Hun Sen Guarantees CMAC’s Operations
Heng Ratana, director general of Cambodian Mine Action Center told Fresh News on Monday night that the United States has ceased aid, with an amount of $2.5 million per year for demining activities in Cambodia.
— Fresh News

Stable growth in Kingdom for Thailand cement firm
Thai cement manufacturer Siam Cement Group (SCG) has seen total sales revenue in Cambodia reach $254 million during the first nine months of the year, according to a company press release yesterday.
— The Phnom Penh Post

Cambodia Asks for Help in Dealing With ‘Chemical Weapons’
Devices believed to be vehicles for the disbursal of chemical weapons were found in Mondulkiri province in 2012 and in Svay Rieng province in October this year.
— VOA

Government to reopen pipeline for US deportees
Cambodia is preparing to accept deportees from the US again, reversing course after more than a year of diplomatic back-and-forth, Interior Ministry spokesman Khieu Sopheak confirmed yesterday.
— The Phnom Penh Post

Feature photo World Bank Photo Collection/Masaru Goto
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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.