Economist Says Asean Likely To Miss Key Deadlines for Integration

Southeast Asian countries are likely to miss a deadline for the economic integration of Asean in 2015, a leading economist says.

Jayat Menon, an economist for the Asian Development Bank, told reporters in Phnom Penh Wednesday that Asean countries are behind on key targets for integration that may not come until 2020 or even 2025.

GM seeks to bar some ignition lawsuits

General Motors has asked a US court to bar some lawsuits relating to its recall over faulty ignition switches.

The faulty switches could turn off the engine, disabling the airbags and have been linked to at least a dozen deaths.

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What’s next for Cambodian rice?

In November, Cambodia won the coveted World’s Best Rice award for the fragrant variety. It was the second year in a row that the product finished first in the global competition, held this year in Hong Kong. Kann Kunthy, chief executive officer of Battambang Rice Investment Co, was a presenter at the competition. The Post’s Chan Muy Hong sat down with Kunthy to talk about what the award has done for rice exports, and what challenges to stay competitive lie ahead.

New lottery bets on success

Malaysian-owned company VW Win Holdings Plc launched lottery operation Camloto in the Kingdom this week, making it the second to go live in as many months.
Camloto CEO Jimmy Kong unveiled the new start-up, which will draw its first ball tonight on all major TV stations, on Saturday at the company’s office in Phnom Penh.

Cambodia low on energy ranking

Low electrification rates and over-dependence on fossil fuel imports have contributed to Cambodia’s abysmally low ranking in the new World Economic Forum’s Global Energy Architecture Performance Index Report for 2014.
Cambodia ranked 120 out of 124 nations, with a so-called Energy Architecture Performance Index (EAPI) score of 0.36. EAPI is calculated by averaging the country’s scores in economic growth and development, environmental sustainability, access to energy and energy security. Discounting Myanmar and Laos, which weren’t included in the index due to lack of data, Cambodia came in dead last among the remaining members of Association of Southeast Asian Nations (Asean).
“The [Asean] region’s lowest-performing country across energy access-related indicators is Cambodia. It achieves the lowest access to electricity relative to population (at 31 per cent), and nearly 90 per cent using solid cooking fuels,” the report said.

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