Agriculture Minister Meets with NEDO Japan

Agriculture Minister Chan Sarun Monday met with Mr. Shinichi Ishii to discuss a project “Rice Husk Power Generation Systems Utilizing Energy and Environmental Technologies”. NEDO associated with Kansai Corporation and Yanmar Green System have jointly created the said project in Cambodia through ministry of industry and other relevant ministries including the ministry of agriculture with the aims at encouraging farmers to use local raw materials especially rice husk as energy for domestic use, rice mill, coal production, and increasing arable land quality, which leads to the reduction of cutting trees for firewood and coal, highlighted Mr. Ishii. (Rasmei Kam, 30 October 2012)

Hong Kong Trade Minister To Visit Cambodia

Hong Kong Minister for trade and economic development Gregory So Kam-leung will visit Cambodia today and is scheduled to meet with Minister of Commerce Cham Prasidh, said a Commerce official. There are 2 main purposes of his visit, to promote economy and expand trade prestige between Hong Kong and other regional countries such as Cambodia, Singapore and Indonesia. (Rasmei Kam, 30 October 2012)

Oil Business to Start in 2016 with Concerns

During a roundtable discussion on oil business and economic development organized by Club of Cambodian Journalists held on 26 October, Civil society organizations expressed their concern over Cambodia’s oil business, that is, they are afraid of oil abuse and corruption happening after the first oil drop presences. Cambodia’s oil business was firstly expected to start this year but then delayed to 2016. (Rasmei Kam, 28-29 October 2012)

9 Months of 2012, Construction Investment Increases over 80%

As of 3 quarters of 2012, investment in construction sector in Cambodia increased to over 83% if compared to the same period of last year, the time when there were only 1,680 construction projects, said the statistics from Ministry of Lang Management, Urban Planning and Construction, adding that the Ministry had approved roughly 1,350 construction projects amounted to around 1.8 billion USD from January to September this year. The increase was attributed to both foreign and local investments in constructions including trade buildings, houses, flats, apartments, office buildings, garment factories, hotels and restaurants and so forth. (Rasmei Kam, 28-29 October 2012)

Bus City Trans to Start its Transportation Services in Early 2013

Bus City Trans to Start its Transportation Services in Early 2013

            Bus City Trans, a type of bus with 25 seats, is being planned to start transporting passengers in Phnom Penh and its outskirts so as to facilitate traffic and reduce congestion in the beginning of 2013 after its success in recent bidding, said Mr. Choi Dae Yong, Managing Director of Trans Choice Cambodia, adding that, after its bidding success, City Trans Cambodia will have to cooperate with Korea’s Busan Metropolitan City Hall, and he will act as a representative to cooperate with Phnom Penh Municipality to get the services operated. Additionally, Mr. Choi informed that the buses, from Korea, will be run by gas and controlled by ICT and especially equipped with GPS. In the first phase, there will be only 70 or 80 buses available, running on some particular destinations. Customers can use mechanical card worth 10,000, 20,000, 50,000 and 100,000 KHR, and this system is used in line with Korea’s system. (Kampuchea Thmey, 06 October 2012)

UK’s Cattle Farming Company to Invest in Cambodia This Year

            UK’s Montbeliarde Marketing Company, raising dairy and beef cattle, has planned to invest in Cambodia at the end of this year, the company’s president Mr. Malcarm Pearce, who is going to attend a Joint Agriculture Expo at Koh Pich from 10 to 12 October, told reporters on 03 October, adding that he will invest in raising cattle for milk and meat in Cambodia late this year through breeding UK and Cambodia cattle. The investment capital hasn’t been revealed yet. (Rasmei Kam, 07-08 October 2012)