The embassy in Washington will mark 60 years of diplomatic relations with the US on Friday, with celebrations scheduled in Cambodia in weeks ahead. The Cambodian Embassy has invited 200 guests and dignitaries for a performance of traditional dance and a live concert Friday, the Ambassador Hem Heng told VOA Khmer. In Cambodia, the US [...]
Posts Tagged ‘Cambodian News’
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Cambodia Behind Region in Investment
July 18th, 2010 
admin While Cambodia has adopted a competitive investment strategy, it lags behind Asia-Pacific countries in terms of investment facilities and other factors, the World Bank reported Wednesday. Cambodia is one of the more open countries to foreign investment, but its roads, ports and other infrastructure are not developed, according to the “Investing Across Borders” annual report. [...]
Cambodia’s elite ‘selling off’ oil and mineral wealth
February 5th, 2009 Cambodian News The environmental watchdog Global Witness claims Cambodia’s political elite has captured the country’s oil and mineral resources. In a new report entitled ‘Country for Sale’, the group says earnings from oil, gas and minerals are jeopardised by high-level corruption, nepotism and patronage in allocating and managing the assets. Global Witness also suggests that millions of [...]
Crude Prices To Stanch Oil Flow: Experts
January 28th, 2009 Cambodian News While Cambodia waits for the oil to flow from its offshore blocks, potentially yielding millions of barrels and billions of dollars, industry experts have lowered their expectations. “It is a very risky business. Oil is sticky, and it likes to stay in the ground,†said Michael McWalter, an oil and gas expert at the Asian [...]