(Posted by CAAI News Media)
CBI tackles corruption
Friday, 04 December 2009 15:00 Steve Finch
THE Clean Business Initiative (CBI) is set to launch its clean business toolkit today in Phnom Penh in a meeting aimed at building capacity in social responsibility in the Kingdom. Representatives from numerous large Cambodia-based businesses were scheduled to take part, including ACLEDA Bank and Leopard Capital as well as NGOs operating in the country, according to a CBI statement Thursday. The toolkit “is drawn from best practices internationally and in Cambodia”. Transparency International ranked the Kingdom at 158 out of 180 on its perceptions of corruption index for 2009.
Officials meet in S'ville
Friday, 04 December 2009 15:00 May Kunmakara
SIHANOUKVILLE – Foreign Minister Hor Namhong led a government delegation that spoke with Vietnamese counterparts in a two-day meeting of the Cambodia-Vietnam Joint Commission on Economic, Cultural, Scientific and Technology Cooperation that started Thursday in Sihanoukville. The 11th such meeting of its kind between the two neighbours was co-chaired by Vietnamese Deputy Prime Minister Pham Gia Khiem, and both sides agreed to strengthen cooperation in the four sectors in a bid to counter bilateral trade that has fallen nearly 30 percent in the first 10 months compared to the same period last year to US$1.049 billion.
Japan businessmen due
Friday, 04 December 2009 15:00 Sam Rith
A DELEGATION of 70 to 80 businesspeople representing about 50 companies from Japan is scheduled to arrive in Cambodia on December 13. Kith Pheara, chief of the Product Development Office at the Ministry of Commerce, said the purpose of the visit was to assess investment opportunities in the Kingdom. He said during the two-day visit the delegation would visit businesses and factories, including those at the Phnom Penh Special Economic Zone. He added that his ministry would request the attendance of officials from the Council for the Development of Cambodia and the Garment Manufacturers Association of Cambodia.
Second Kep trade fair
Friday, 04 December 2009 15:00 May Kunmakara
KEP will host its second trade fair from December 26 to 27, the Ministry of Commerce said in an announcement, an event designed to spur trade and economic development in the south of the country. The two-day fair was also a chance to further economic cooperation with neighbouring Vietnam, the ministry said, which lies about 20 kilometres east of the coastal province. In a bid to promote tourism in the area the authorities were planning boat racing and a music concert, the ministry added, along with a trade workshop.
Ajinomoto to miss target
Friday, 04 December 2009 15:00 Steve Finch
AJINOMOTO, a Japanese food company, will likely not meet a Cambodia sales goal for 2009, said Ichiro Nishimura, president of the firm’s operations in the Kingdom. Nishimura blamed the economic downturn, but forecast that sales of its products – must notably monosodium glutamate (MSG) – would be higher than in 2008. Ajinmoto has increased its sales every year since launching here in 2001, according to company data which showed it was aiming to sell 8,500 tonnes of its products. Nishimura said Ajinomoto had begun building its new US$6 million plant in the Phnom Penh Special Economic Zone in October, and that the project was on schedule.
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