Sign up | Log in



Home  >>   Daily News  >>   Cambodia  News  >>   Trade  >>   Business leaders meet in spite of conflict
NEWS UPDATES Asean Affairs        21  February 2011

Business leaders meet in spite of conflict

Related Stories

February 15, 2011
Canadian trade mission arrives in Cambodia

December 24, 2010
Cambodia trade needs investment

November 10, 2010
Cambodian trade deficit to rise

August 28, 2010
 Cambodia earns ‘mini-tiger’ status

August 10, 2010
Cambodian trade boosted by lower tariffs

Business representatives from Cambodia and Thailand put country tensions to one side to discuss measures to improve commercial relations, with the exchange of investment information highlighted as an important area for development.

The first Cambodia-Thailand Business Summit, held in Phnom Penh, saw the two nations agree upon commercial issues for both governments to tackle – such as the opening of more international gates, improved logistics, and easing vehicle restrictions at borders.

In a series of meetings, one attended by Minister of Finance and Economy Keat Chhon and Thailand’s Deputy Prime Minister Trairong Suwankiri, ideas were also put forward to develop business relations.

Thailand’s Chamber of Commerce also suggested the creation of business information centres in border areas to aid economic development. The centres – termed SME clinics – would boost economic cooperation, said Thai Board of Trade Vice Chairman Niyon Wairatpining.

“Presently new investors, particularly SMEs, are afraid to invest into neighbouring countries, because of a lack of information [needed] for decision making,” he said yesterday. Cambodia Chamber of Commerce Deputy Director, Sorn Sokna, said the suggestion could boost trade an added that the chamber already had some provincial representative offices.

“We have around 150,000 SMEs looking to put investment into neighbouring countries – if we have SME clinics, they can access information and seek partners,” he said.

“I will set up more offices along the border to ease the situation [of a lack of information],” he said.

Sorn Sokna said the next step would be to ensure there was an easy way to set up the project. Niyon Wairatpining recommended Cambodia set up the clinics through the Ministry of Commerce.

Finance Minister Keat Chhon emphasised the importance of Thailand as a business partner for Cambodia.

“In 2010, Thailand was No1 of the 10 ASEAN member states in terms of bilateral trade with Cambodia,” he said.

Thai Deputy Prime Minister Trairong Suwankiri said the summit had built a path for business people in the two neighbours to improve their ties.

“Trading is benefiting both our peoples,” he said. He added it was important for businesses to find reliable partners.

The respective Chamber of Commerce of the two countries also signed a memorandum of understanding to strengthen business and investment cooperation and information sharing at yesterday’s meeting. Thailand will host the second Cambodia-Thailand Business Summit next year.

Bilateral trade between the two countries increased 54.18 percent in 2010, according to the Thai Embassy.

February 3,2011
Singapore to help residents

January 18,2011
Singapore fertility falls to record low

January 5, 2011
Singapore's income gap a worry

December  8, 2010
Singapore's 2011 growth slows

The Singapore government is undertaking another review of the Baby Bonus scheme which hopes to encourage married couples to have more children by defraying part of the financial costs.

A survey with some 3,000 beneficiaries is in the works. The move comes at a time when Singapore's fertility rate is at a record low.

Observers have said that more comprehensive provisions should be made, to reverse the declining trend.

Under the Baby Bonus scheme, parents are given a cash gift of up to S$4,000 each for the first and second child and S$6,000 each for the third and fourth child.

The government also gives a dollar-for-dollar match when parents contribute to their child's Children Development Account (CDA). The savings will be matched up to the cap of S$6,000 each for the first and second child, S$12,000 each for the third and fourth child and S$18,000 each for the fifth and subsequent child. Parents can tap on the scheme when they register for their child's birth at hospitals and the Immigration & Checkpoints Authority (ICA).

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    21  February 2011 Subsribe Now !
• Business leaders meet in spite of conflict
Subcribe: Asean Affairs Global Magazine
• Indonesia to review new film tax Asean Affairs Premium
• Experts weigh in on Indo economic policy
• Philippine central bank calls for higher growth
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines credit conditions normalizing
• Oil up in Asia as Libyan tensions escalate
• Thailand dealing with inflation
• Thai exports to China decline
Asean Analysis    21   February 2011 Advertise Your Brand
• 2050-A pivotal year? Sponsor Our Events
Asean Stock Watch    18  February 2011
• Asean Shares are going to add to gains
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand