Firms urged to tap growing middle-class market in GMS
Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Firms-urged-to-tap-growing-middle-class-market-in--30218244.html
Plans to Reform Economy for Asean Integration
Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/plans-to-reform-economy-for-asean-integration-46469/
City bus operation awarded on basis of ‘verbal’ contract
The Chinese-owned company that began operating Phnom Penh’s new public bus service Wednesday secured its five-year deal on the basis of a verbal agreement and has not yet signed a formal contract with City Hall, the company’s CEO said. Lim Andre, the CEO of Global (Cambodia) ...
Simon Henderson and Hul Reaksmey
http://www.cambodiadaily.com/news/city-bus-operation-awarded-on-basis-of-verbal-contract-53627/
Construction begins at bloody eviction site
More than four years after the violent forced eviction of about 800 families from Dey Krahorm in the capital’s high-rent Tonle Bassac commune, small-scale construction is finally beginning on the site. In the past month, the skeletons of a future barbecue restaurant and a beer garden ...
http://www.phnompenhpost.com/2013032764726/National/construction-begins-at-bloody-eviction-site.html
Task of Obtaining Passport Is Adding To Illegal Migration Problem
Thousands of Cambodians cross the border via illegal checkpoints into Thailand every year. Some end up working in slave-like conditions on illegal fishing trawlers. Others work in factories while getting paid under the table. It is often a last resort fraught with danger and uncertainty and ...
Court Questions Cambodian, Chinese Businessmen Over Fraud
The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...
http://www.cambodiadaily.com/news/court-questions-cambodian-chinese-businessmen-over-fraud-40923/
Debate on land reform takes place in absence of the CPP
Civil society groups held a workshop in Phnom Penh on Thursday in which government officials and lawmakers were invited to discuss post-election land grabs and land-based conflict, although the ruling CPP failed to turn up to the event. Though incidents of land-grabbing appeared to decrease ahead ...
Khuon Narim
http://www.cambodiadaily.com/news/debate-on-land-reform-takes-place-in-absence-of-the-cpp-49282/
Cobras Thrown Into Land Dispute Family’s Home
Three highly venomous cobras were thrown early Tuesday morning into the Phnom Penh home of a family locked in a dispute with a private company that wants to develop the family’s land in Tuol Kok district. Ly Sreang Kheng, 58, his wife Mok Siv Hong, 51, ...
Mech Dara
http://www.cambodiadaily.com/news/three-cobras-thrown-into-land-dispute-familys-home-46359/
Government’s Trade Union Law may limit freedom of association
A draft trade union law that the government has pledged to introduce by the end of the year includes provisions that will allow for unions to be suspended if their activities are deemed illegal, the head of Cambodia’s largest employers association said Wednesday. Van Sou Ieng, ...
Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/governments-trade-union-law-may-limit-freedom-of-association-54042/
ADB Smothers Report On Families Hit by Rail Project
The Asian Development Bank has refused to release a critical study on the impacts its $141.6 million railway project is having on thousands of Cambodian families because disclosure of the report could hurt its relationship with the government, an ADB spokeswoman said. Raising concerns about the ...
Kingdom’s bourse missing some magic
At the headquarters of the Cambodia Securities Exchange on the 25th floor of Canadia Tower, something seems to be missing. Here, in Phnom Penh’s business heart, the sights typically associated with trading shares – gesticulating, shouting traders, the confusing hand signals, the buzz in the air ...
Anne Renzenbrink
http://www.phnompenhpost.com/2013062166422/Business/kingdom-s-bourse-missing-some-magic.html
Unlike Past Elections, Property Investors Remain Buoyant
Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...
Koh Pich Awash With Development, but Don’t Ask for Details
Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cambodia Investment Corp., is also extending the island by ...
http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/
Logging up after poll, NGOs claim
At least a dozen companies including some of Cambodia’s most prominent developers have been illegally logging and transporting rosewood since the election without any action from authorities, a pair of local NGOs alleged. In a report released yesterday, the Coalition of Cambodian Farmer Community and the ...
http://www.phnompenhpost.com/national/logging-after-poll-ngos-claim
CNRP Lawmakers in Siem Reap as Boycott Starts
CNRP lawmakers on Sunday took an oath in front of Angkor Wat swearing they would boycott today’s opening session of the National Assembly and promising “not to betray the conscience of the people.” With the opposition in Siem Reap, the ruling CPP—which officially won a majority ...
Hul Reaksmey and Zsombor Peter
http://www.cambodiadaily.com/elections/cnrp-lawmakers-in-siem-reap-as-boycott-starts-42886/
Kampot’s famous pepper goes global
When Him Anna started to plant pepper crops seven years ago, she would have never thought that one day it would turn into a profitable business. Today, Anna is the chief executive officer of Bright Starling Holdings Co, which owns Starling Farm Kampot Pepper. Established ...
http://www.phnompenhpost.com/business/kampot%E2%80%99s-famous-pepper-goes-global
Vendors hit as price of Thai durian imports rise
The price of durian from Thailand has risen sharply this year, leading to shrinking profits for fruit vendors in Phnom Penh as demand from China for the spiky, pungent fruit grows more robust. On Sihanouk Boulevard, fruit vendor Heng Sovanna said that since March, the price ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/vendors-hit-as-price-of-thai-durian-imports-rise-59964/
At a Sihanoukville beach, stinky wastewater flows into the sea
Foul-smelling wastewater is draining into the sea at Sihanoukville’s O’Chheu Teal beach, leaving visitors plugging their noses and a local business owner and tourism official concerned that the stink will scare off tourists. ...
Sorn Sarath and Ou Leang Chhay
https://cambojanews.com/at-a-sihanoukville-beach-stinky-wastewater-flows-into-the-sea/
Land Disputes Focus Ire on Chinese Investors
Among thousands of residents in the Boeung Kak Lake district of the capital whose land has been targeted for redevelopment by a Chinese-financed real estate company, Tep Vanny carried a letter explaining the “sadness and suffering” caused by the project — which has turned Phnom ...
EdC Appeals For Public to Unplug In Power Crisis
Cambodia’s national electricity provider yesterday appealed to the public to unplug from the national energy supply in an effort to alleviate chronic seasonal power shortages that are causing blackouts across Phnom Penh and the rest of the country. Eletricite du Cambodge (EdC) published an announcement asking ...