E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
Tourism not competitive
Cambodia ranks last in travel and tourism competitiveness among eight Southeast Asian countries, according to a recently published study by the World Economic Forum. The Travel and Tourism Competitiveness Report 2013, which excluded Laos and Myanmar, said Cambodia comes 106th out of 140 countries this year, ...
http://www.phnompenhpost.com/2013040964952/Business/tourism-not-competitive.html
Tate & Lyle Defends Sugar Plantation Deal In Koh Kong
A U.K. firm being sued by 200 Cambodian farmers over the loss of their land to two sugar plantations has defended its business dealings, claiming that the affected families were dealt with legally and were properly compensated for the loss of their properties. Local farmers ...
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
Summonsed seek delay
Scores of people in Preah Sihanouk province’s Kompong Seila district have asked the provincial court to delay proceedings in a case filed against them by three local businesspeople in September. The 88 people received summonses in September, but yesterday asked the court to postpone a hearing ...
May Titthara
http://www.phnompenhpost.com/national/summonsed-seek-delay
British expert trains Cambodian judges
The British Embassy in Phnom Penh on Monday sponsored a training course on company and insolvency law for 150 commercial judge trainees with the aim of supporting legal and judicial reform in Cambodia. The workshop is intended to train Cambodian commercial judge trainees on English ...
Global Times News Staff
http://www.globaltimes.cn/content/841609.shtml#.UvjnIdJmi1I
US broker partners with Korea's Tongyang Securities in Cambodia
US-based broker Decker and Co has announced a partnership with the Cambodian unit of South Korea’s Tongyang Securities Inc, one of only seven underwriters licensed by the Cambodia Securities Exchange. In a statement late Tuesday, Decker said partnerships with Tong Yang in Cambodia and BPI Securities ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjM5ZDFmOTBkOTM
IMF forecasts Cambodia's economy at 7.2 pct in 2014
Cambodia’s economy is expected to grow by 7.2 percent this year, and pick up to 7.5 percent next year, the International Monetary Fund (IMF) has said. The IMF hailed Cambodia for making good progress in achieving the Millennium Development Goals and reducing poverty substantially. It said ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/01/c_133087969.htm
Government to freeze bank accounts of four tardy tycoons
Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-to-freeze-bank-accounts-of-four-tardy-tycoons-65593/
Cambodia cleans up visas
Cambodia’s Ministry of Foreign Affairs has called on all embassies and consulates to accelerate visa application procedures and end all “unofficial” fees. Foreign Affairs Minister Hor Namhong said the government would crackdown on corruption related to the issue of visas. According to a Phnom Penh Post ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/01/cambodia-cleans-up-visas/
Poipet poor ‘bearing brunt of water woes’
A private utilities company owned by wealthy businessman and ruling Cambodian People’s Party Senator Kok An is fulfilling only about half of Poipet’s demand for clean water, despite being contracted to supply the whole town, according to the city governor. With priority for the distribution of ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-poor-%E2%80%98bearing-brunt-water-woes%E2%80%99
Biz guided to end corruption
Cambodia’s Anti-Corruption Unit (ACU) held its first consultation meeting with the private sector on Friday over a proposed new anti-corruption guidebook, encouraging firms to police themselves in the absence of any official regulation. According to Om Yentieng, head of the ACU, the new Guide on Anti ...
Chan Muyhong
http://www.phnompenhpost.com/business/biz-guided-end-corruption
Police chief accused in $678k corruption case
Hy Narin, the Meanchey district police chief arrested by the Anti-Corruption Unit (ACU) on Tuesday, was questioned on Thursday by the Phnom Penh Municipal Court over allegations that he stole more than $600,000 from the state and its citizens during his eight years as police ...
Khuon Narim
http://www.cambodiadaily.com/news/police-chief-accused-in-678k-corruption-case-68996/
No compensation for vendors at Old Market
The committee that runs Old Market in Phnom Penh told the owners of stalls that were gutted by a fire on Monday that they would receive no compensation and would have to rebuild their businesses themselves. Yun Chandara, director of the committee that oversees the ...
Sen David
http://phnompenhpost.com/national/no-compensation-vendors-old-market
Borey 999 investors anxious
The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...
Sum Manet and Hin Pisei
http://phnompenhpost.com/business/borey-999-investors-anxious
Indian delegation to visit Vietnam, Cambodia to discuss issues pertaining to pharma trade
A high level Indian delegation from the department of commerce and trade, government of India, is expected to visit Vietnam and Cambodia this month to discuss various issues pertaining to pharma trade and improve business ties with the two South East Asian countries. Rajeev Kher, secretary, ...
A Raju Hyderabad
http://www.pharmabiz.com/NewsDetails.aspx?aid=86004&sid=1
Poipet porters defend protest
Cross-border porters in Banteay Meanchey’s Poipet town over the weekend defended the decision last week to stage a demonstration over customs fees – a demonstration that turned violent and ultimately left four injured – saying that import tax and unofficial fees exacted by police are ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-porters-defend-protest
ACU guidelines short on details
Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...
Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details
Banks, MDIs urged to provide loans
The National Bank of Cambodia (NBC) has encouraged banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry. ...
May Kunmakara
https://www.phnompenhpost.com/business/banks-mdis-urged-provide-loans
Cambodia no longer one of the cheapest places to live: study
Cambodia’s reputation as one of the cheapest places in the world to live has been called under question, according to a survey conducted by CEOWORLD magazine, a leading business publication. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50700413/cambodia-no-longer-one-of-the-cheapest-places-to-live-study