Cambodia Financial News

Lloyd Austin visited Cambodia on Tuesday in an effort to reset ties with the staunch China ally.

Malaysian Airlines plane, a new claim has been made by the most unexpected people. Some amateur investigators claim to have cracked the decade-long mystery of the disappearance of flight MH370. They have claimed that the plane has been spotted in Google Maps in the dense forest of Cambodia, reports 'Daily Star'. Malaysian Airlines flight MH370 was on its regular flight from Kuala Lumpur to the Chinese capital Beijing in March 2014, when it suddenly lost call contacts and simply disappeared from the radar. It vanished just 40 minutes after taking off from the Malaysian capital. Its debris too has not been found despite repeated attempts by various agencies in the past ten years. Flight MH 370 has become one of the biggest mysteries of aviation history.

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

Tamil Nadu government has cautioned job seekers regarding the risks associated with accepting deceptive job offers from overseas, particularly from countries in Southeast Asia like Cambodia, Thailand, Myanmar, and Laos. The Non-Resident Tamils’ Welfare Department has emphasized the importance of vigilance among the state's residents, urging them not to fall prey to fraudulent schemes promising lucrative employment opportunities abroad. Highlighting the severity of the situation, the government has underscored its commitment to taking legal action against any individuals or agencies within Tamil Nadu found to be complicit in the illicit practice of facilitating unauthorized employment abroad without proper registration with the Union government.

US Defense Secretary Lloyd Austin will meet his Chinese counterpart, the Pentagon announced Friday, after Beijing carried out war games around Taiwan in a sign to the US-backed democracy's new leader.

human trafficking racket being busted in Andhra's Visakhapatnam recently. Andhra Pradesh police said on Tuesday that around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country."As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers," police were quoted by news agency PTI as saying.Meanwhile, Visakhapatnam Police Commissioner A Ravi Shankar said many people called up Visakha city police whatsapp numbers and sent videos.

human trafficking racket busted here recently, Andhra Pradesh police on Tuesday said around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country. As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers, police said. Visakhapatnam Police Commissioner A Ravi Shankar noted that these trafficked Indians caused large scale riots in Jinbei and Compound, Sihanoukvile in Cambodia, which is allegedly a hub for cyber crime. «Many people called up Visakha city police whatsapp numbers and sent videos. Yesterday (Monday), around 300 Indians 'revolted' in a large scale against their handlers in Cambodia,» said Shankar in a release.

warships docked on Sunday at a commercial port in Cambodia, in preparation for joint naval exercises between the two countries. The Jingangshan amphibious warfare ship and Qijiguang training ship sailed in to the Sihanoukville Port as onlookers waved Cambodian and Chinese flags from the piers. The port is north of the Ream Naval Base, where China has funded a broad expansion project that has been carefully watched by the United States and others over concerns it could become a new outpost for the Chinese navy on the Gulf of Thailand. The Gulf is adjacent to the South China Sea, which China claims virtually in its entirety, and would give easy access to the Malacca Strait, one of the most important shipping lanes in the world.

Bring out your designer sunglasses, because this show is about Korea’s super rich. About men who flash their black cards to buy an apartment that costs 991,442,000.00 rupees (16 Billion Won). About a woman who will do anything to get that front row seat at the Paris Fashion Week. About limited edition designer bags, watches, clothes that’s hollower than a show called Dubai Bling which showed up on Netflix a while ago.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

Mint with a rueful smile. She may be playing a huge role behind the scenes of India’s national election, the largest democratic exercise in the world, but for all that, 42-year-old Vishalakshi is a simple, unassuming person. The post-graduate in organic chemistry, who also heads the quality department of the company, is responsible for ensuring that the ink leaves an indelible mark on the voter, one that will remain for at least 72 hours.

climate change is only making it worse. Now, a newly developed quantitative approach may help raise its prominence as an environmental, social and governance issue. The AI-driven tool, known as the Child Labor Index, scores companies in three areas: disclosure levels, public perception and the commodity-level exposure of the supply chain to child labor. Fund managers can use the scores to pinpoint high-risk companies and identify others that need to confront the issue. Among investors, “the level of awareness of child labor is incredibly low,” said Eleanor Harry, chief executive and founder of HACE, the UK-based startup that developed the index. “This will help them monitor risk in their portfolio.”

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.

EAM Jaishankar expresses concern over rising deaths of Indian students in US "Now I read that article and I wanted to say listen, in that heat my lowest turnout is higher than your highest turnout in the best run," Jaishankar said. Jaishankar stressed that "They (West) actually think they are part of our electorate", adding, "I think it's time today that we disabuse them, and the best way that we do that, is by confidence." 'They need to calm down': Jaishankar dials Iran, Israeli counterparts The EAM said that the Western media also slams the Bharatiya Janata Party by calling it "unfair", and added, "In a kind of way, today, we are at a very important inflection point.". "They will question your election system, your EVM, your election commission, even the weather," Jaishankar said.

Defence Secretary Lloyd Austin and and his Chinese counterpart Dong Jun held talks in nearly 18 months and discussed US-China defence relations and regional and global security issues, the Pentagon said. In the meeting held via videoconference on Tuesday, Austin stressed the importance of keeping military-to-military communication lines between the US and China open, it said. It is the first time since November 2022 that Austin has held talks with his Chinese counterpart when he spoke with the then defence minister of China Wei Fenghe in Cambodia. Dong was appointed China's Defence minister in December. China then named General Li Shangfu as its defence minister.

Cambodia's post on X, the diplomat has a deep understanding and administration for Khmer culture and tradition, dressed up 'elegantly' to mark the country's New Year. "Ambassador Devyani Khobragade has a deep admiration for Khmer culture and tradition. Embracing the spirit of Khmer New Year, she elegantly dressed as a Khmer Apsara, embodying the rich bond of our civilizations.

Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travellers among the six neighbouring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveller and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Thailand is steering an initiative for a joint-visa program with countries that together hosted about 70 million tourists last year as Prime Minister Srettha Thavisin ramps up initiatives to attract more long-haul and high-spending travelers. Srettha — who’s pledged to elevate Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travelers among the six neighboring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveler and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Laos, who were lured into unsafe and illegal work, External Affairs Minister S Jaishankar on Saturday lauded the leadership of Prime Minister Narendra Modi and his commitment towards the safety of citizens. Jaishankar took to social media platform X to express his gratitude to Indian Embassy im Laos for their diligent efforts in coordinating the rescue operation. He also extended appreciation to the authorities in Laos for their cooperation in ensuring the safe return of the workers. «Modi ki Guarantee works for all at home and abroad. 17 Indian workers, lured into unsafe and illegal work in Laos, are on their way back home. Well done, @IndianEmbLaos. Thank Lao authorities for their support for the safe repatriation,» said Jaishankar in a post on X.

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...

Senior finance and central bank officials from Southeast Asia and major economies are meeting in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disaster...