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Government Announces Anti-Graft Price Lists

Eight months after the anti-graft provisions of the Anti-Corruption Law came into effect, the Anti-Corruption Unit (ACU) announced yesterday that it would start a widespread campaign to introduce standardized fees for government services in every commune office—though it will likely be months before any visible steps are taken. More than 2,000 ...

UTCC: Rubber prices won't bounce back

Domestic rubber prices are likely to stay below 120 baht a kilogramme over the next five years due to the sluggish world economic outlook that has sapped demand. The lingering euro-zone debt crisis, weak growth in rubber-using countries and rising production in Asean will continue to ...

http://www.bangkokpost.com/business/economics/308754/utcc-rubber-prices-won-t-bounce-back

Bail granted for disgraced officials

Four officials from the Ministry of Land Management, Urban Planning and Construction arrested last week on bribery charges involving millions of dollars would be freed on bail in the next few days, officials said yesterday. Kuy Bunson, director of the Ministry of Interior’s prisons department, said he had ...

http://www.phnompenhpost.com/index.php/2012081557998/National-news/bail-granted-for-disgraced-officials.html

Over 600% Growth in UAE Re-Exports to Cambodia in 2011:

The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290001004928&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

Reserve rate doesn't worry local banks

Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...

http://www.phnompenhpost.com/index.php/2012102359366/Business/reserve-rate-doesnt-worry-local-banks.html

Fish exports performed swimmingly in 2012

Exports of Cambodian fish and shellfish products reached 1,618 tonnes last year, worth $3.5 million, a 16 per cent increase from 1,391 tonnes in 2011, according to figures from the Ministry of Commerce. “A major share of the total exports last year was from saltwater fish ...

http://www.phnompenhpost.com/2013012861017/Business/cambodian-fish-exports-performed-swimmingly-in-2012.html

Tourism Industry's Growth Offers Job Creation For Local Labor Force

PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...

http://thesoutheastasiaweekly.com/

Experts Question New Trade Goal with Vietnam

Officials and experts yesterday questioned the likelihood of Cambodia and Vietnam’s proposal to hike bilateral trade by more than US$2.5 billion by 2015. The pledge of $5 billion in total trade, made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart, Nguyen Tan Dung, last ...

http://www.phnompenhpost.com/index.php/2012062757037/Business/experts-question-new-trade-goal-with-vietnam.html

Kratie vendors protest pricey relocation site

In an effort to improve Kratie town’s aesthetics, authorities have ordered about 300 shop owners on central roads and along the river bank to relocate their operations or face physical removal. Vendors were given until today to move to a location about a kilometre away, but ...

http://www.phnompenhpost.com/index.php/2012082258200/National-news/kratie-vendors-protest-pricey-relocation-site.html

Chinese tourist numbers high

Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...

http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html

PM pledges pay boost

The government on Friday pledged a 20 per cent increase to the base salary of civil servants year-on-year in a move one government official insisted was based on economics, not politics. The announcement was made in a statement released over the weekend outlining government spending for ...

http://www.phnompenhpost.com/index.php/2012102959455/National-news/government-pledges-pay-boost.html

Axiata to offer free Wikipedia for mobiles

AXIATA Group Berhad, parent company of local telecommunications provider Smart, and Wikipedia operator the Wikimedia Foundation announced a partnership to offer Wikipedia on mobile devices free of data charges to Axiata customers throughout Asia, a press release said. “Wikipedia is free as such already, but notwithstanding ...

http://www.phnompenhpost.com/2013032164545/Business/axiata-to-offer-free-wikipedia-for-mobiles.html

Group Lease boosts Singapore unit to fund Cambodia operation

Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...

http://www.nationmultimedia.com/business/Group-Lease-boosts-Singapore-unit-to-fund-Cambodia-30204735.html

Cambodia's rice exports up 126 pct in 5 months

Cambodia’s exports of milled rice have sharply increased in the first five months of this year thanks to rising international market demand and country’s rice promotion strategy, an official said Thursday. The country had exported 146,800 tons of milled rice during January-May period this year, up ...

http://news.xinhuanet.com/english/world/2013-06/06/c_132435784.htm

Too many players vie in Kingdom’s ISP industry

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

http://www.phnompenhpost.com/2013040464879/Business/too-many-players-vie-in-kingdom-s-isp-industry.html

Cambodia sells more, buys less

Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...

http://www.bangkokpost.com/breakingnews/351002/strong-baht-sends-thai-exports-to-cambodia-down

British trade minister to visit Cambodia next week

British minister for trade and investment Lord Green would visit Cambodia next Monday in order to boost bilateral trade and investment ties, according to a media statement from the British Embassy to Cambodia on Wednesday. Mark Gooding, British Ambassador to Cambodia, said trade between UK ...

http://news.xinhuanet.com/english/world/2013-06/05/c_132433361.htm

Cambodia's garment exports up 22 pct in 5 months

Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...

http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm

Chevrolet autos aim to tap into demand for new cars in Cambodia

Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...

http://www.globaltimes.cn/content/779626.shtml#.UYheUaKj2xA

Koh Kong Water Shortage Leaves Families Dry

Hundreds of families in Koh Kong province’s Khmara Phoumint City are suffering from a shortage of water, which is provided by a reservoir that dried up during the hot season, local officials said yesterday. Smach Meanchey and Dang Tong communes typically receive water from the Cham ...

http://www.cambodiadaily.com/news/koh-kong-water-shortage-leaves-families-dry-24517/

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