Cambodian News

PHUKET, Thailand — Finance ministers from the ASEAN plus three countries agreed Sunday to speed up the process of operationalising the Chiang Mai Initiative Multilateralization (CMIM), a regional foreign reserve pool in case of currency flow shortage.
The agreement was reached at a special meeting on Sunday in Phuket in southern Thailand in a bid to [...]

The economic downturn has begun hurting the US businesses of many Cambodian-Americans.
“The clients won’t come, if there are a lot of layoffs in their work,” U Makara, who runs a sushi restaurant in the state of Michigan, said recently. “Sushi food is kind of an expensive food.”
People who had come in to eat two or [...]

YANGON, Dec. 25 (Xinhua) — A Japan-Mekong exchange year will be launched in Myanmar’s former capital Yangon early next February to showcase the cooperation and friendship between Japan and Myanmar, one of the Mekong River valley countries, the local Biweekly Eleven News reported Thursday.
The opening ceremony on Feb. 6, 2009 will be attached with joint [...]

Prime Minister Nguyen Tan Dung has praised the cooperation between the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC), particularly an agreement signed during the NBC governor’s current working visit to Vietnam.
While receiving an NBC delegation led by its governor Chea Chanto in Hanoi on December 18, PM Dung said that [...]

The charter of the Association of South East Asian Nations now has official status, binding members to an enhanced legal framework. But as Asia begins to experience the full force of the global economic crisis it may be some time before the grouping begins to operate as a European Union-style community.
More than four decades after [...]

PHNOM PENH, Dec. 4 (Xinhua) — China and Cambodia agreed here Thursday to further promote bilateral comprehensive and cooperative partnership during the talks between China’s top political advisor Jia Qinglin and Cambodian Senate President Chea Sim.
Jia, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), spoke highly of [...]

Cambodian People’s Party Honorary President Heng Samrin appealed to aid agencies and governments Tuesday to continue their donations to the country, in order to strengthen democracy and development.
Heng Samrin spoke at a gathering of CPP officials marking the birthday of the Solidarity Front for the Development of the Cambodian Motherland, the group that originally formed [...]

Cambodia is facing increasing difficulties from the global financial crisis and an erosion of democratic principals, two opposition parties said Wednesday, producing a list of critiques for donors to consider ahead of an annual meeting Thursday.
The National Assembly minority, consisting of the Sam Rainsy and Human Rights parties, urged donors to consider four points ahead [...]

VIENTIANE — Measures to promote the Viet Nam-Laos-Cambodia development triangle were high on the agenda at the fifth triangular summit, which opened in Vientiane yesterday.
At the summit, Vietnamese Prime Minister Nguyen Tan Dung and his Lao and Cambodian counterparts, Bouasone Bouphavanh and Hun Sen agreed to boost economic, commercial and investment co-operation in the development [...]

Hundreds of passengers were left looking for alternate travel plans in Phnom Penh and Siem Reap Wednesday, after protests in Bangkok closed an international airport.
Flights for Bangkok Airways, Thai Airways and Asia Air were canceled Wednesday morning, and passengers were given the chance for refunds to purchase other tickets out or were allowed to change [...]