Panasonic Solutions Expo opened today at the Sofitel Hotel; the first big scale, centralised showcase of the company’s full suite of technology, business-to-consumer (B2C) products and business-to-business (B2B) solutions for the Cambodia market. The Expo spans across six experiential booths – Corporate Branding, Residential, Energy Solutions, Hotel, Education and Store – to bring about ‘A Better Life, A Better World’ for consumers and business partners.
Prime Minister Hun Sen on Monday called on state agencies to help lower electricity costs for consumers around the country and proposed a scheme to prevent landlords from gouging workers by fitting more rented rooms with their own meters. At the inauguration of the 338-megawatt Lower Stung Russey Chrum hydroelectric dam in Koh Kong province on Monday, Mr. Hun Sen asked state power provider Electricite du Cambodge (EdC), the Mines and Energy Ministry and the Phnom Penh municipal government to work together to ensure landlords are not charging workers inflated electricity rates.
Cambodia’s total trade volume reached $18.1 billion last year, a 13.8 percent increase over $15.9 billion the year before, with the country’s trade deficit widening by more than half a billion dollars, according to the Commerce Ministry and state media. A Commerce Ministry report released on December 30 says Cambodia exported $7.69 billion worth of goods in 2014, up from the $6.9 billion state news service Agence Kampuchea Presse reported the country exported in the previous year.
Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement on behalf of the two parties.
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (NYSE:NTT) Group, announced today that the Asia Submarine-cable Express (ASE) will be extended to Cambodia to provide reliable, high-capacity communication infrastructure for the increasing number of multinational companies operating in the Mekong region.
Despite its late start in the global economic race, Southeast Asia is now considered to have one of the world’s fastest growth rates, with an average GDP of more than 6% over the past decade. The World Bank forecasts that after the economic recession, countries such as the Philippines, Myanmar, Cambodia and Laos will begin to recover their GDP momentum, and can expect growth rates of more than 7% in 2015.
NQ Mobile (NYSE: NQ), a leading global provider of mobile Internet services, today announced a new preload agreement with Cherry Mobile, a large mobile device brand in the Philippines with distribution in Cambodia, Myanmar and Thailand, as well. The deal broadens distribution of NQ Mobile’s award-winning suite of apps that includes its flagship, NQ Mobile Security™, through preinstallation on Cherry Mobile’s Android smartphones for users throughout Southeast Asia.