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Group Lease eyes Laos, Vietnam markets

Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year. Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company ...

http://www.bangkokpost.com/business/financialadvice/340373/group-lease-eyes-laos-vietnam-markets

Slight rise in truck numbers

The total number of new trucks registered last year increased slightly, but industry insiders said that even though more trucks are needed to boost the Kingdom’s trading volume, the country’s export capacity is relatively unaffected because of trucks bought in previous years. The number of big ...

http://www.phnompenhpost.com/2013032564655/Business/slight-rise-in-truck-numbers.html

$1.3m SEZ Japanese Restaurant Opens Doors

In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...

http://www.phnompenhpost.com/2013060366009/Business/1-3m-sez-japanese-restaurant-opens-doors.html

Malaysian bank eyes the affluent

A new Malaysian player in Cambodia’s expanding banking sector aims to capture the “emerging affluent” with its mobile and online services. Malaysian-based Hong Leong Bank will begin operating in Phnom Penh today, with a branch on Street 214. Joe Farrugia, CEO of Hong Leong Bank Cambodia, ...

http://www.phnompenhpost.com/2013070866710/Business/malaysian-bank-eyes-the-affluent.html

Satellite system will save fuel and routes

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes

Mobile Banking Services On A Rise

F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...

http://www.phnompenhpost.com/2013050765437/Business/mobile-banking-services-on-a-rise.html

Opposition Supporters Stage Mass US Protests

Thousands of Cambodians and Cambodian-Americans staged coordinated mass demonstrations in cities across the U.S. on Monday in support of opposition claims that Cambodia’s closely contested July election was rigged in favor of Prime Minister Hun Sen and his long-ruling CPP. In Long Beach and San ...

Simon Henderson
http://www.cambodiadaily.com/elections/opposition-supporters-stage-mass-us-protests-40391/

H5N1 Avian Influenza: Cambodia Reports 22nd Case In Girl From Battambang Province

The Ministry of Health (MoH) of the Kingdom of Cambodia has announced a new human case of H5N1 avian influenza, according to a ministry press release Wednesday. The case is a 6-year-old girl from Romdoul village, O Romdoul commune, Phnom Preuk district, Battambang province confirmed positive ...

Robert Herriman
http://www.theglobaldispatch.com/h5n1-avian-influenza-cambodia-reports-22nd-case-in-girl-from-battambang-province-38291/

Oil and gas giant Chevron rotates local personnel

After two and a half years, Chevron’s Cambodia country manager, Steve Glick, will move on from his position in what the oil and gas giant called a routine rotation, according to a statement released yesterday. Glick, who came to the job in 2011, will be “taking ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/oil-and-gas-giant-chevron-rotates-local-personnel

Cambodia's biggest nationwide immunization campaign succeeds: minister

Some 4.5 million Cambodian children aged between 9 months and 15 years, have received new measles and rubella vaccines during the biggest nationwide immunization campaign, starting from October to December. Addressing in a joint press conference on the success of measles-rubella vaccine supplementary immunization activity campaign ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/10/c_133035602.htm

US investors cite corruption as major issue

Though U.S.-owned businesses in Cambodia are optimistic of the country’s economy, its appeal as an investment destination lags behind most of its neighbors due to the perception of endemic corruption, a new survey of 475 senior U.S. business executives in Asean shows. The 2013-14 ASEAN Business ...

Simon Henderson
http://www.cambodiadaily.com/business/us-investors-cite-corruption-as-major-issue-40520/

BIDV to open in Phnom Penh

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTY2YzNlODE3YTk

Battambang moves to establish first Pub Street

To attract tourism and make Battambang province more appealing as a nightlife destination, provincial authorities are preparing to follow the way of Siem Reap and lay the groundwork for a Pub Street ahead of the Khmer New Year. The deputy governor of Battambang, Ngon Ratthanak, says ...

Siv Meng
http://www.phnompenhpost.com/real-estate/battambang-moves-establish-first-pub-street

Bridge SoHo launch receives warm reception

Sales of the SOHO (small office and home office) component of The Bridge condominium project, which will have 54 floors and will be built with an investment of $300 million, officially launched last week. Sear Rithy, director of World Bridge Land, said he was proud and ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/bridge-soho-launch-receives-warm-reception

Mega First boosts spending on Lao dam, Cambodian rubber project

Malaysia’s Mega First Corp Bhd says it increased spending on a controversial dam project in Laos and a new rubber project in Cambodia by 45 percent to MYR 50.4 million ($15.7 million) in 2013. Project development expenditure on the Don Sahong dam on the Cambodian border ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MmI4Yzk4ZDQ4MjA

Parties to meet for ‘final talks’ on basis of 2018 election

Opposition leader Sam Rainsy announced on his Facebook page late last night that the CNRP has accepted a February 2018 national election in exchange for a new electoral commission and that “final talks” to end the political crisis will take place at 9 a.m. on ...

Alex Willemyns and Mech Dara
http://www.cambodiadaily.com/news/parties-to-meet-for-final-talks-on basis-of-2018-election-64514/

Opening bridge, Hun Sen reflects on city’s growth

Prime Minister Hun Sen used the unveiling of the Stung Meanchey overpass in Phnom Penh Thursday morning to praise his government’s development of the capital and to warn the city’s poor not to take up residence under the new $19-million bridge. Mr. Hun Sen also used ...

Hul Reaksmey
http://www.cambodiadaily.com/news/opening-bridge-hun-sen-reflects-on-citys-growth-65492/

Cambodian workers to be hardest-hit victims of wage unrest

Cambodian workers will be the ultimate victims if minority and violent unions continue to put the garment and shoe industries under the state of uncertainty and unpredictability by continuing to demand for further wage hikes that the industry cannot afford, an employers’ association said in ...

The Daily Star News Staff
http://www.thedailystar.net/business/cambodian-workers-to-be-hardest-hit-victims-of-wage-unrest-13761

Bitcoin enthusiast eyes Cambodia

Local entrepreneur Ki Chong Tran believes he has the solution to many of Cambodia’s problems. On March 1, Tran submitted what he described as a “long-held weight off his chest” – a six-page proposal to the New York-based Bitcoin Foundation outlining all the ways the ...

Eddie Morton
http://www.phnompenhpost.com/business/bitcoin-enthusiast-eyes-cambodia

A way of life falls with trees

The Phnong ethnic minority in Mondulkiri province have heard the promises of development before. With increasing investment and the selling off of the region’s forests will come new roads and schools, they are told. But people in this ancient community, tired of seeing their sacred forests handed ...

May Titthara
http://www.phnompenhpost.com/national/way-life-falls-trees

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