Gov’t begins effort to send workers back to Thailand
With Thailand and Cambodia both feeling the pinch from the sudden exodus of more than 200,000 Cambodian workers out of Thailand, the two countries are now working together to try and get them back to their old jobs legally, as fast as possible. Some 225,000 Cambodians, ...
Phorn Bopha
http://www.cambodiadaily.com/news/govt-begins-effort-to-send-workers-back-to-thailand-62083/
Questions raised over land sale at lakeside
Developer Shukaku has sold off close to 1.3 hectares of land at the capital’s controversial Boeung Kak lake site to a Singapore-listed HLH Group company, according to a statement from HLH. HLH subsidiary D’Lotus Development purchased the land at Boeung Kak in Daun Penh district for ...
Chan Muyhong
http://www.phnompenhpost.com/business/questions-raised-over-land-sale-lakeside
‘Reforms sink commerce ministry’s revenue by 50%’
A reduction in red tape saw Ministry of Commerce revenue decline 50 per cent last year compared to 2018, its annual report revealed. However, it said the bureaucratic reforms would boost the Kingdom’s competitiveness. The report showed that the government had eliminated some export procedures ...
Thou Vireak
https://www.phnompenhpost.com/business/reforms-sink-commerce-ministrys-revenue-50
Only ‘legal’ SMEs to benefit from aid package: Ministry
The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...
Harrison White
https://www.khmertimeskh.com/50708031/only-legal-smes-to-benefit-from-aid-package-ministry/
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
Toll trains said to stop March 31
Toll Group has informed the Cambodian government that it will suspend all railway operations and lay off half of its Cambodian staff at the end of the month, according to a source familiar with the situation. The Australian logistics firm, which in partnership with Royal Group ...
http://www.phnompenhpost.com/index.php/2012032055123/Business/toll-trains-said-to-stop-march-31.html
Flag of convenience scheme retired
The days of cocaine smuggling, illegal fishing and human trafficking using ships bearing the Cambodian flag appear to have come to an end as government officials claim that, as of today, all foreign-owned ships operating through Cambodia’s “flag of convenience” scheme must be stripped of ...
Kali Kotoski
http://www.phnompenhpost.com/business/flag-convenience-scheme-retired
More Japanese investments on industry and agro-processing sought
Cambodian Minister of Commerce Pan Sorasak has encouraged Japanese investors to invest in the fields of industry and agricultural product processing in Cambodia. The call was made when he received a delegation of Japanese Business Association of Cambodia (JBAC) at the ministry Thursday. In the ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50741042/more-japanese-investments-on-industry-and-agro-processing-sought/
Investors Play Down Impact of Labor Strikes
Economists and analysts on Thursday shrugged off the opposition CNRP’s threat to stage nationwide labor strikes, arguing that while such a move could lower profits for companies in the short term, it would not significantly deter foreign investors. Mr. Rainsy, who mentioned the possibility of strikes ...
Ben Woods
http://www.cambodiadaily.com/elections/investors-play-down-impact-of-labor-strikes-43694/
Kingdom nears ASEAN needs
Cambodia has met 70 per cent of the basic requirements needed to join the ASEAN Economic Community (AEC), Prime Minister Hun Sen said yesterday, referring to a recently updated report issued by the economic block. The Kingdom ranked third in preparedness among the 10 ASEAN member ...
http://www.phnompenhpost.com/index.php/2012021754563/Business/kingdom-nears-asean-needs.html
Boeng Kak Lake Is No Longer Visible on Google Map of Area
Over three years after Shukaku Inc started filling Boeung Kak lake with sand to make way for a CPP Senator’s massive real estate project, Google Maps has now completely erased the image of the lake, which the municipality’s year-end report says is now 95 percent ...
Life on the farm at CC4
A remote jail opened more than five years ago to lessen chronic overcrowding in the prison system is also operating as a farming business, where free labour is seemingly used to yield big profits for senior staff.When Correctional Centre 4 (CC4) opened its gates in ...
May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/life-farm-cc4
Malaysia - Cambodia trade increases
More than 24,000 Cambodians visited Malaysia during the first half of 2012, while Malaysian arrivals to Cambodia numbered 54,000, an increase of 11.1 per cent compared with the same period in 2011. Ambassador Hussein’s remarks came during the the first three-day Malaysia Travel and Shopping ...
http://www.phnompenhpost.com/index.php/2012092458862/Business/malaysia-cambodia-trade-increases.html
Rice exporter turns to Cambodia
Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...
http://www.bangkokpost.com/breakingnews/332629/disillusioned-rice-exporter-turns-to-cambodia
Customs to Give Preference to Trusted Firms
The department of customs and excise will begin certifying companies it deems trustworthy so that their goods have easier passage across Cambodia’s borders, an official said yesterday. Traders will receive ranks based on compliance with customs rules, he [Nuom Chanrith, the director of planning at the Finance Ministry’s general ...
Phnom Penh's restaurant landscape changing
With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...
http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html
Tales of intimidation
When activists Mom Sakin and Sorn Siyan took a stand against illegal logging in Kratie province last month, they were allegedly threatened with violence and lawsuits from officials. “Powerful people who wanted to intimidate us shot their guns into the air to prevent us from going ...
http://www.phnompenhpost.com/2013050165357/National/tales-of-intimidation.html
Tampuon File Complaint Over Forest Clearing
A community of ethnic minority Tampuon people in Ratanakkiri province yesterday filed a complaint with the provincial court against six people they believe illegally cleared 80 hectares of community forest land and sold it to a rubber investor, villagers and court officials said. The land in ...
Cambodia's banking sector stable despite ongoing political row over poll results
Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/23/c_132657163.htm
Approved investment triples
In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance. Released on Friday, the numbers show that $2.3 billion was earmarked ...
May Kunmakara
http://www.phnompenhpost.com/business/approved-investment-triples