Cambodia Financial News

Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, the Yomiuri reported without citing sources.

Chinese warships have made a first visit to a Cambodian naval base that Washington has long feared will boost Beijing's influence in the Gulf of Thailand. A Cambodian defence ministry official said on Thursday that Chinese-funded work to expand the Ream base, near the port city of Sihanoukville, would be «finished soon». Cambodian Defence Minister Tea Seiha said on his Facebook page that he had visited the two ships docked at the base on Sunday «to prepare a training of our Cambodian naval fleet». Cambodian officials refused to give any details of the vessels, the purpose of their visit or how long they were staying, but a sign on one of the gangways identified it as belonging to the Chinese navy. Chinese Foreign Ministry spokesperson Wang Wenbin said: «China and Cambodia have an extremely deep friendship, and the two sides have developed richly successful cooperation in many fields.» The Vice-Chairman of China's Central Military Commission, General He Weidong, visited Phnom Penh earlier this week and met Prime Minister Hun Manet. Cambodia has long had close relations with Beijing and US officials fret that the base will boost China's effort to buttress its international heft with a string of naval and military outposts. Satellite imagery published in July showed that a 363-metre (1,190-foot) pier had been built jutting out into the sea.

Angelina Jolie, her six children are her true pals and she doesn't really have a social life anymore. Jolie, they are the people closest to me and my life. We are seven very diverse people, which is what makes us strong. We had to heal, she continued.

Angelina Jolie has plans to leave the tinsel town for good and retire from lights, camera & action altogether. In an interview with theWall Street Journal, the ‘Lara Croft’ star said that she would have opted for the stage instead of becoming a Hollywood star, had she started her career in 2023. She also revealed that she has plans to eventually shift base from Los Angeles and spend more time in her home in Cambodia.

Henry Kissinger's passing on Wednesday at the age of 100, social and political analysts have passionately discussed Kissinger's life and career. Kissinger's legacy in international politics has drawn praise and criticism in equal measure. Although many hail his contribution to global affairs, others denounce him and call hm a “war criminal” for carpet bombing Cambodia in the midst of the Vietnam War in a covert operation The war is estimated to have left at least 150,000 civilians dead. One notable cultural figure who expressed strong disapproval of Kissinger was the late chef, food writer, and TV host Anthony Bourdain.

Think-tank GTRI on Sunday suggested that the government study the bilateral free trade agreement with Singapore and as part of the Asean bloc together while reviewing its trade pact with the 10-nation grouping.Singapore is a member of 10-nation Asean bloc with which India has a free trade agreement in goods since 2010. Separately, India also implemented a comprehensive free trade agreement (FTA) with Singapore in 2005.The Global Trade Research Initiative (GTRI) also suggested a similar exercise with Thailand, another member of Association of Southeast Asian Nations (Asean). India signed a limited free trade pact with Thailand in 2006.

global market as well as India’s trade. Queries sent to the food department and spokesperson of the Mali embassy in New Delhi remained unanswered at press time.

In a move to enhance cross-border payments, Cambodia’s Bakong digital currency system, a component of the National Bank of Cambodia (NBC), has entered into a memorandum of understanding (MoU) with Chinese payment provider Alipay, Cambodia’s Phnom Penh Post recently reported.

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.

Cambodia has inaugurated its newest and biggest airport, a Chinese-financed project meant to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap

A new report has identified nearly 500 industrial fishing vessels where workers face hazardous, forced conditions sometimes akin to slavery

China will hold a joint military exercise with five south east Asian countries in mid-to-late November, state media outlet Xinhua reported on Sunday. The exercise, to be held in China's southern Guangdong province, will include Cambodian, Lao, Malaysian, Thai and Vietnamese forces. The drills will be focused on counter terrorism and maritime safety, Xinhua said.

EA YONG, Vietnam—In the verdant highlands of central Vietnam, warehouses the size of airplane hangars dominate small farming towns, bristling with mounds of tropical fruit. The bounty is destined for a colossal market: China. Farmers are felling coffee trees traditionally grown in this cool hilly region to plant spiky durians, pungent fruits that have become wildly popular in China.

Indian solar panel manufacturers are grappling with the influx of cheaper Chinese imports funnelled through intermediary countries such as Vietnam, Malaysia, and Singapore as Chinese companies exploit Free Trade Agreement (FTA) loopholes to export to India. Despite New Delhi's imposition of a 40% customs duty on solar modules and 25% on solar cells in April 2022 to boost domestic production and reduce Chinese imports, companies in China are finding ways to bypass these high tariffs and continue supplies to Indian solar farm developers. The Chinese companies have effectively utilised this strategy in the past to evade local tariffs, as demonstrated by a year-long investigation in August 2023 by US federal authorities, which revealed that five Chinese solar panel firms had circumvented tariff regulations by channelling their operations through countries such as Cambodia, Malaysia, Thailand, and Vietnam. Following the imposition of tariffs, direct Chinese exports to India have declined, but from April to August 2023, imports of solar panel modules from Vietnam and Malaysia have surged, accounting for 60% of all such imports into India, with majority of these products originating from Chinese companies. Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.

Cambodians. Later, a parade of festive floats and marching bands passes in front of the Royal Palace and through downtown. The national colors of red and blue are displayed at night on the Royal Palace and other government buildings, just like they are on the flag featured in today's Doodle.

honey manufacturer Tieng Thu Cam Company Ltd is eyeing Indian market for export of honey and actively looking for local distributors. Tieng Thu Cam, which has put up a stall at the ongoing three-day World Food India here, is already exporting honey to Cambodia, Malaysia, Laos and Middle East. «We want to export to India.

Tens of thousands of people, many of them Chinese, have been caught up in cyber scams based in Southeast Asia

UN General Assembly will meet Thursday to discuss the conflict triggered by the attack by Hamas militants on Israel, the body's president announced in a letter to member states. The Security Council has so far failed to agree on a resolution concerning the war, but a number of states — including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Cambodia — formally requested General Assembly President Dennis Francis to schedule the meeting. Last week, the UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution calling for a «humanitarian pause.» Only five of the 15 member states had supported the text, which condemned all violence against civilians and all terrorist acts, but did not name Hamas, an unacceptable omission to the United States, the United Kingdom and France. Washington then vetoed a second resolution put forward by Brazil as the text did not mention Israel's right to defend itself. Twelve out of 15 Council members voted in favor of that resolution, which also condemned the «heinous terrorist attacks by Hamas,» while Russia and the United Kingdom abstained. The United States was the only vote against, but as one of the body's five permanent members its vote counts as a veto. The Security Council will meet to discuss the issue Tuesday ahead of the General Assembly's gathering Thursday at 10:00 am (1400 GMT).

China to support his family after losing his job during the COVID-19 pandemic. In March, a job offer to teach Chinese cooking at a restaurant led him into a cyber scam compound in Myanmar, where he was instead ordered to lure Chinese into giving up their savings for fake investment schemes via social media platforms. Zhang is one of tens of thousands of people, mostly but not all Chinese, who have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia. Regional and Chinese authorities have netted thousands of people in a crackdown, but experts say they are failing to root out the local elites and criminal networks that are bound to keep running the schemes.

World Cup qualifying game for the first time on Tuesday, beating Cambodia 1-0 in Islamabad to advance to the second round. After the first leg in Phnom Penh finished 0-0, a half-volley from Harun Hamid was enough to secure victory at Jinnah Sports Stadium in a first home game for Pakistan since 2015.

Commercial operations have begun at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap