Wednesday, 28 July 2010

The Phnom Penh Post News in Brief


via Khmer NZ

South Korean boost

Wednesday, 28 July 2010 15:00 May Kunmakara

CAMBODIA’S trade with the Republic of Korea has increased slightly this year to the end of June, with garments and vehicles accounting for the main items shipped, according to data obtained yesterday. The Kingdom sent finished clothing, metal products and unprocessed rubber to South Korea, while South Korea sent fabrics, vehicles, and consumer products in return. Bilateral trade increased 2.8 percent, from US$106 million to $109 million, according to the Ministry of Commerce.

Trade with China surges

Wednesday, 28 July 2010 15:00 May Kunmakara

BILATERAL trade between Cambodia and China surged more than 25 percent during the first half of 2010, Ministry of Commerce statistics obtained yesterday show. Trade totalled US$501 million, a 25.89 percent increase on US$398 million for the same period 2009. Cambodia imported $483 million from the People’s Republic while $17 million was shipped the other way. Exports largely composed of agricultural products.

Hello bills per second

Wednesday, 28 July 2010 15:00 Jeremy Mullins

HELLO has launched per-second billing, charging US$0.001 per second ($0.06 per minute) for on-network calls, according to the firm’s marketing manager Eric Chong. “We want to stay competitive in the market, and continue to attract customers,” he said, and many of the Kingdom’s providers had been structuring tariffs on a per second basis for several months.

Kirin takes 15pc stake in Tiger, Anchor backer

Wednesday, 28 July 2010 15:00 Jeremy Mullins

TOKYO-based Kirin Holdings has purchased 14.7 percent of Singapore-based Fraser and Neave Ltd, one of the companies behind the Tiger and Anchor beer brands. Kirin intends to complete the US$980 million deal on Friday, it said in a press statement. Fraser and Neave operates Asia Pacific Breweries in a joint venture along with Dutch brewer Heineken International.

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