Beeline Weighs Future Options in Cambodia
VimpelCom Ltd., the Russian mobile telephone operator that runs the Beeline brand in Cambodia, is reviewing its assets in Cambodia to decide whether it should stop doing business here or merge with another firm in the country, an official at the company said yesterday. “We will ...
Cambodia's consumer prices decline
Consumer prices decreased month-on-month in May for the first time since statistics were available, Cambodia’s National Institute of Statistics (NIS) data showed. The 1.1 per cent drop, driven largely by lower food and gasoline prices, would be a relief to businesses and shoppers after a period ...
http://www.phnompenhpost.com/index.php/2012062556991/Business/consumer-prices-decline.html
Decorative plants are more popular than ever, but most are imported
Sar Botra has always liked gardening. The front yard of his house, an explosion of flowers and plants, makes it clear that he’s got a very green thumb. He used to spend a lot of time with his plants after work or on the weekends, ...
Export plans on hold
Local instant noodle company Men Sarun failed in its plan to export canned noodles to US markets this year, and an official confirmed that failures stemmed from both the unstable market price and increasing costs of transportation. Choun Kol, deputy general director of Men Sarun Investment, ...
http://www.phnompenhpost.com/2013032264621/Business/export-plans-on-hold.html
Tax revenues increase by 22.9 per cent
The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...
http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html
Ethnic villagers, firm battle over Ratanakkiri plot
A local official and four ethnic minority Tompuon villagers appeared in a Ratanakkiri court on Friday to face accusations of land-grabbing and protesting against a private company that purchased their land in 2007, authorities said yesterday. Rocham Pheun, an assistant to the chief of Keh Chung ...
Rice industry caught in flux
The rice industry’s quest for greater quality at lower cost reached a dead end yesterday at a conference in Phnom Penh, with exporters and farmers polarised on how to achieve greater returns for the industry. The workshop, titled “Improving Rice Value Chain and Enhancing Farmers’ Livelihoods”, ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-industry-caught-flux
Malaysian entrepreneurs urged to work closely with the Cambodian govt: Muhyiddin
Malaysian entrepreneurs operating their businesses in Cambodia have been urged to work closely with the Cambodian government, Tan Sri Muhyiddin Yassin said. The deputy prime minister said like Malaysia, the Cambodian government has rolled out a plan to turn Cambodia into a developed country. “Apart from generating ...
Adib Povera
http://www.nst.com.my/latest/malaysian-entrepreneurs-urged-to-work-closely-with-the-cambodian-govt-muhyiddin-1.489106
Tougher ELC oversight pledged
In what is the government’s latest pledge to hold tycoons and foreign investors to account for their business practices, the Ministry of Environment will begin assessing existing and proposed economic land concessions (ELCs), cancelling or rejecting those that have negative social or environment impacts, a ...
May Titthara
http://www.phnompenhpost.com/national/tougher-elc-oversight-pledged
Anti-Vietnam talk by CNRP ‘alarms’ envoy
UN human rights envoy Surya Subedi yesterday said he was “alarmed” by anti-Vietnamese language used by the opposition party to rally its supporters, a message he said he had conveyed to Cambodia National Rescue Party leaders during his visit. Speaking at a press conference to conclude ...
Kevin Ponniah
http://www.phnompenhpost.com/national/anti-vietnam-talk-cnrp-%E2%80%98alarms%E2%80%99-envoy
Jail terms for four in Mondolkiri mining fraud
The Phnom Penh Municipal Court on Monday convicted and imprisoned four people for their roles in a fraud case that involved the forging of Prime Minister Hun Sen’s signature to secure a mining license in Mondolkiri province. Al Romny, the 41-year-old director of the local company ...
Hay Pisey
http://www.cambodiadaily.com/news/jail-terms-for-four-in-mondolkiri-mining-fraud-65700/
Cambodia's anti-graft chief rebukes report on weak credibility system
Om Yintieng, Chairman of Cambodia’s Anti-Corruption Unit, on Tuesday afternoon vehemently rejected an NGO report claiming that the country’s integrity system is weak and requires significant improvement. The official’s remarks came after the TI Cambodia, a branch of the Berlin-based TI, released its 233-page assessment ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-09/09/c_133631066.htm
Resintech to tap into rubber plantation with joint venture in Cambodia
Resintech Bhd, a local Polyethylene and poly vinyl chloride (PVC) pipe manufacturer, will tap into the rubber plantation sector in a bid to diversify its business segment given the healthy outlook on the rubber industry. Resintech’s managing director Datuk Teh Kim Poo said that according to ...
Malaysian firm to build substation
Malaysian-based electrical power technology company Pestech International Bhd inked a contract to construct the $7.34 million 230/11kV Okvau Transmission Substation, leading Malaysian business publisher The Edge Media Group Pte Ltd reported on Thursday. ...
Thou Vireak
https://www.phnompenhpost.com/business/malaysian-firm-build-substation
MoUs boost finance access for SME’s
The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...
Thou Vireak
https://www.phnompenhpost.com/business/mous-boost-finance-access-smes
Preah Sihanouk clean water suppliers warned
Preah Sihanouk provincial governor Kuoch Chamroeun warned he would revoke the business licences of water companies that do not collaborate with relevant officials to expand their reservoirs. ...
Voun Dara
https://www.phnompenhpost.com/national/preah-sihanouk-clean-water-suppliers-warned
Japanese firms in Cambodia biomass and solar power venture
According to Japan’s The Mainichi News, the company, a renewable energy producer Aura Green Energy Co. has teamed up with another Japanese partner to launch a hybrid power generation business in 2021, with the aim of securing the country’s power supply stability. ...
Khmer Times Staff
https://www.khmertimeskh.com/50717991/japanese-firms-in-cambodia-biomass-and-solar-power-venture/
Sharp drop in wages sent back to Kingdom
Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...
Sorn Sarath
https://www.khmertimeskh.com/50717705/sharp-drop-in-wages-sent-back-to-kingdom/
Higher budgets and more skills ‘needed to embrace digital transformation’
Cambodia is at risk of “getting left behind” if it doesn’t invest more in a digitally skilled workforce as local companies look to improve their business process and customer experience through “digital transformation”, according to a panel discussion on an industrywide survey. ...
Harrison White
https://www.khmertimeskh.com/50765233/higher-budgets-and-more-skills-needed-to-embrace-digital-transformation/
Ministry works on digital agriculture challenge
The Ministry of Economy and Finance (MEF) together with the Techo Startup Centre and relevant stakeholders yesterday launched an inception workshop to disseminate information about a rural challenge and to discuss expectations of its intended digital platform under the Sustainable Assets for Agriculture Markets, Business ...
Sok Chan and Jason Boken
https://www.khmertimeskh.com/50744903/ministry-works-on-digital-agriculture-challenge/