China dam discharges in Mekong
A large-scale hydropower dam in China began releasing a deluge of water from its overfilling reservoir on Friday, leaving downstream neighbours to fear imminent inundation. ...
Laignee Barron
http://phnompenhpost.com/national/china-dam-discharges-mekong
Borei Keila firm told to pay $2.7 million
Suy Sophan, the owner of development firm Phan Imex, has been ordered to repay $2.7 million to a Korean company over an uncompleted sale of land at Borei Keila, from where hundreds have been violently evicted, a court document reveals. In a decision handed down in ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/borei-keila-firm-told-pay-27-million
Agricultural brokerage firm begins operations
Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...
Stock exchange ready for SMEs
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...
Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/
Rice crackers bound for China
Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ...
Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/
Ten commandments: Gov’t lays out food standards
Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...
Chan Muyhong
http://www.phnompenhpost.com/business/ten-commandments-gov%E2%80%99t-lays-out-food-standards
Local goods replacing imports
The value of imports from neighboring Thailand has decreased by almost $500,000 in the first seven months of this year, a possible sign of health of Cambodia’s domestic production capabilities. According to figures released by the Thai embassy, the value of imports dropped by 16 percent ...
Chea Vannak
http://www.khmertimeskh.com/news/29638/local-goods-replacing-imports/
Damning revelations
An environmental group has accused the Lao government of “unilaterally” pushing forward with construction on the controversial US$3.8 billion Xayaburi dam on the Mekong River, despite serious concerns about the project and an incomplete regional decision-making process. In a statement released yesterday, conservation group International ...
http://www.phnompenhpost.com/index.php/2011080550883/National-news/damning-revelations.html
Online registration option to be rolled out to SMEs
The Ministry of Industry and Handicraft will introduce an online registration platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year, a ministry official confirmed yesterday. Heng Sok Kong, secretary of state at the ministry, said the new software for web registration was built in partnership ...
Annie Lee
http://www.phnompenhpost.com/business/online-registration-option-be-rolled-out-smes
SMEs in anti-graft partnership
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMAC) has sought support from the anti-corruption organization Transparency International, to prepare it to be a graft-free business entity and help its members to be listed on the Cambodia Stock Exchange (CSX). ...
Chea Vannak
http://www.khmertimeskh.com/news/29307/smes-in-anti-graft-partnership/
Decision on first Mekong dam delayed
The Mekong River Commission (MRC) agreed yesterday to delay a decision on Laos’ proposal to build the first hydropower dam on the Lower Mekong River in order to allow Japan to conduct further environmental impact studies on the dam project. Although Cambodian officials welcomed the outcome, ...
Board of CRF seeks a double term
Just a month since their election, the leaders of the nation’s apex rice industry have cast a motion to extend their terms – a move some have greeted with suspicion. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/board-crf-seeks-double-term
SME federation wants its own SEZ
The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...
Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/
Energy Minister plays down Areng concerns
Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the environment, offering assurances that the planned Stung Cheay Areng Hydropower Dam will meet high environmental and social standards. Opposition Cambodia National Rescue Party member te Chanmony on September ...
May Titthara
http://phnompenhpost.com/national/energy-minister-plays-down-areng-concerns
Consumer protection draft law almost ready
Officials at the Ministry of Commerce and Council of Ministers announced yesterday that a draft consumer protection law, which is intended to ensure that food and consumer products made domestically or imported into Cambodia are safe, was almost complete. A quarter of the almost 60 ...
Chea Vannak
http://www.khmertimeskh.com/news/28562/consumer-protection-draft-law-almost-ready/
Industry urged to go green
Small and medium-size enterprises (SME) have been urged by the Cambodian government to employ more environmentally friendly practices at a green industry workshop in Phnom Penh yesterday. Cham Prasidh, minister for the Ministry of Industry and Handicrafts, said SMEs and handicraft producers’ reliance on fossil fuels ...
Chan Muyhong
http://www.phnompenhpost.com/business/industry-urged-go-green
SMEs call for better loan rates
The Kingdom’s small and medium enterprises have called on commercial banks and micro-finance institutions to lower interest rates on loans, as insiders have said they hamper SMEs’ potential for growth. Many Cambodian SMEs are concerned that the high interest rates offered by banks reduce productivity, according ...
http://www.phnompenhpost.com/index.php/2011092151765/Business/smes-call-for-better-loan-rates.html
Nations unite against dam
Cambodia, Vietnam and Thailand have all called on Laos to submit its planned Don Sahong hydropower dam to an intergovernmental assessment. According to the dam’s opponents, the Laos National Mekong Committee has acted unilaterally in the planning of its second Mekong dam, a project they fear ...
Laignee Barron
http://www.phnompenhpost.com/national/nations-unite-against-dam
Phnom Penh Municipal Court Overturns Mfone Injunctions
The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ...
Deadlock end lifts business spirits
Cambodia’s business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal ...
Eddie Morton and Daniel de Carteret
http://phnompenhpost.com/business/deadlock-end-lifts-business-spirits