NEAR BROMA VILLAGE, Cambodia, Nov 13 (Reuters) – Cambodia’s
transformation from war-torn basket-case to one of Asia’s most
promising emerging economies is being overshadowed by a
backwards lurch in human rights and land policies that critics
say are entrenching poverty.
Next week’s visit by Barack Obama, the first by a U.S.
president, will in some ways set the seal on the emergence of
Cambodia’s $13 billion economy under Prime Minister Hun Sen as
it draws unprecedented interest from investors.
VIENTIANE (Reuters) – Europe pressed Asian countries on Tuesday to open their economies further and urged China to ramp up domestic demand as it seeks to tap into the faster-growing region and ease the effects of its long-running economic crisis.
European Commission President Jose Manuel Barroso said the 49 countries of the Asia-Europe Meeting (ASEM) agreed to a “strong rejection of protectionism” at a two-day summit in Vientiane, Laos.
PHNOM PENH, Nov 6 (Reuters) – Hiroshi Uematsu had a tough
start in Cambodia, where he heads an economic zone that aims to
attract business from his native Japan. He arrived just before
the global financial crisis sent the Asian economic minnow’s
exports into a tailspin and dried up investment interest.
Now, though, business is looking up.
About a third of the lots on the 365-hectare (900-acre) site
on the outskirts of the capital Phnom Penh remain vacant and
overgrown, roamed by scrawny cattle. But they are being snapped
up by household Japanese company names such as Yamaha Motor
, food maker Ajinomoto and electronics firm
TORONTO/KUALA LUMPUR, Oct 20 (Reuters) – Canada has blocked
Malaysian state oil firm Petronas’ C$5.17 billion ($5.2 billion)
bid for gas producer Progress Energy Resources in a
surprise move that could signal problems for a much larger
Chinese deal in the country’s energy sector.
Canada’s announcement late on Friday, minutes before a
deadline, was a blow to Petronas, whose domestic oil
supplies are shrinking and which has been seeking to boost its
resources beyond Malaysia and volatile areas such as Sudan.
TORONTO/KUALA LUMPUR (Reuters) – Canada has blocked Malaysian state oil firm Petronas’ C$5.17 billion ($5.22 billion) bid for gas producer Progress Energy Resources Corp, a surprise move that could signal problems for a much bigger offer by China’s CNOOC Ltd for oil producer Nexen Inc.
The announcement late on Friday in Canada is a blow to the expansion plans of Petronas as its domestic oil supplies shrink and it seeks to boost its resources beyond Malaysia and volatile areas such as Sudan.
(Reuters) – When one of Vietnam’s richest and best-connected bankers was arrested in August, a move that sent the country’s stock market tumbling, a little-known blog broke the news hours ahead of state media.
It was the first sign that the Quan Lam Bao website could be a window into mounting leadership tensions as the Communist country wrestles with the deep economic woes that have shattered its image as one of Asia’s hottest emerging markets.