Welcome to Cambodia, Mr.President Obama

Welcome to Cambodia, Mr.President Obama

US President Barack Obama arrives in Cambodia for the Asean-US Meeting Monday 19 November 2012.

The meetings come as Asean nations are displaying a rare show of unity against China's sweeping maritime claim, calling for the first formal talks with Beijing over a sea duspute that has raised tensions and exposeed deep divisions in the region.

President Obama meets with prime minister Hun Sen of Cambodia before the official Asean-US Meeting.

Barack Obama

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Welcome to Cambodia: Cambodia Business News: Trade with Thailand increases

Trade with Thailand increases

Trade between Cambodia and Thailand increased by about 40 per cent to US$3 billion in the first nine months of this year in comparison with the same period last year, according to figures provided by the Royal Embassy of Thailand in Cambodia.

According to Nat Vimonchandra, a counsellor for the Thai embassy, factors influencing the increase in trade include greater consumption within Cambodia due to the ASEAN summit, increased tourist numbers and the growing economy.

“Cambodia’s economy has improved in every sector including agriculture, real estate, garments and tourism,” he said.

“That means the country needs to import materials, food, goods and fuel and energy a lot and Thailand is one of the major countries exporting to Cambodia.”

Nat also said the better political relationship between the two countries is another cause and more specifically, the commitment made in May this year to see a 100 per cent increase in trade between the two countries by 2015.

Economic land concessions have also prompted an increase in demand for machinery and vehicles, according to Praivan Limpanboon from the Thai Business Council of Cambodia.

“I would not rule out the factors in the country such as increases in ELCs which increased demand on vehicles, heavy-duty tractors, bulldozers and other agricultural equipment,” she said.

Praivan also noted that the increase in trade between Thailand and Cambodia was interesting because a report in Thailand showed the country’s exports in general are quite low.

Source: Phnompenhpost/ 5 November 2012

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Welcome to Cambodia: Rise in foreign tourist arrivals

Rise in foreign tourist arrivals

The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism.

The ministry’s figures show the number of international tourists in the Kingdom reached 2,577,540 – an increase of 23.6 per cent compared to 2,084,789 in the same period last year.

The data show the number of tourists who arrived in the Kingdom by land was up 33.3 per cent to 1,299,804 tourists or 50.4 per cent of total arrivals. Those arriving by air were up 16.4 per cent.

Teth Chantha, general director of the Ministry of Tourism, said the numbers are a good sign for the country’s tourism industry.

“Visitors still increase, we have good growth, and we have the ASEAN meetings this year so Cambodia’s tourism gets better and better,” he said.

Tourists visiting Siem Reap province increased 27.4 per cent to 1,487,213, while tourists to Phnom Penh increased 18 per cent, to 1,090,327. Coastal areas saw an increase of 50.3 per cent, or 206,129 visitors, the figures showed. Tourists to Preah Vihear temple increased the most, with 13,140 foreign visitors, equal to a rise of 77.39 per cent, while there were 142,910 local visitors there, up 57.7 per cent.

Siem Reap remains the most important tourist destination in Cambodia, while most of foreign arrivals at Phnom Penh airport are businessmen, Teth Chantha said.

Data show visitors from Vietnamese increased 25.4 per cent, for a total of 22.55 per cent of foreign arrivals. Vietnam is followed by South Korea, China, Laos, Thailand, Japan, the US, France, Australia, and Malaysia.

Ang Kim Eang, president of the Cambodia Tourism Association, said tourism in Cambodia is increasing because of its wide array of offerings. He said Cambodia needs more flights to other destinations for more growth.

Ministry officials said they expected more German or European tourists to visit Cambodia after a German airline agreed to directly fly to Siem Reap once a week, starting later this month.

Source: Phnompenhpost/2 November 2012

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