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/
Special economic zones
A Special Economic Zone (SEZ) is a defined area within a country that is subject to different laws and regulations than other areas of the country. These comprehensive industrial areas provide preferential incentives to investors and offer government import-export administrative support to facilitate trade. Though ...
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
Public Warned of Traffic Delays Due to Drainage
Phnom Penh Municipality has warned the public to expect prolonged traffic disturbances around O’Russei market in Prampi Makara district after construction began in the area Monday as part of the ongoing Japan-funded drainage project, a statement from City Hall said. The public has been asked for ...
Khuon Narim and Simon Henderson
http://www.cambodiadaily.com/news/public-warned-of-traffic-delays-due-to-drainage-50912/
DVD shops close before raid
A handful of stores in Phnom Penh’s City Mall closed up shop yesterday morning, draping large curtains over their storefronts rather than face an impending police raid on businesses allegedly selling pirated movies there, police and other vendors said. The aborted raid came less than two ...
Sen David and Stuart White
http://www.phnompenhpost.com/national/dvd-shops-close-raid
AEON tenants target Cambodia’s middle class
An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class
A ride worth the weight
North of the Sesan River, in protected forests that stretch to the border with Laos and Vietnam, illegal timber traders describe a network of bribery that leaves them counting their riels, despite the multimillion-dollar nature of the industry. In contrast to the large flat-bed trucks owned ...
May Titthara
http://www.phnompenhpost.com/national/ride-worth-weight
PAS revenue shoots up 17.5 per cent last year
The total revenue of Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) shot up by 17.5 per cent last year, indicating strong growth in its year-on-year business performance. An annual report from the Ministry of Public Works and Transport released on Wednesday said the Port’s ...
May Kunmakara
https://www.phnompenhpost.com/business/pas-revenue-shoots-175-cent-last-year
Tourism savaged by COVID-19
As of May, government data shows COVID-19 forced the closure of nearly 3,000 tourism-based business and left more than 45,045 staff members unemployed. The unemployment and rising debt would severely affect the social economy while the Minister of Tourism estimated that the tourism sector would ...
Sorn Sarath
https://www.khmertimeskh.com/50740504/tourism-savaged-by-covid-19/
E-Commerce Strategy finally incorporated
The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50748715/e-commerce-strategy-finally-incorporated/