AEON widens HP to farmers
AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...
http://www.phnompenhpost.com/2013052365789/Business/aeon-widens-hp-to-farmers.html
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
High Risk Seen in Kingdom’s Business Environment: Report
Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
Satellite cities a solution for overcrowded Phnom Penh
The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population. “Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said ...
Noodle maker tries instant route
Cambodia has always been a source for a broad variety of raw materials from the agricultural sector. The country exports many of these materials to neighbouring countries and other markets in the world – without turning them into new products. This lack of domestic processing has ...
http://www.phnompenhpost.com/2013062666486/Inside-Business/noodle-maker-tries-instant-route.html
Limited Trafficking, Rampant Abuse in Thai Fishing Industry
Only one of the 241 Cambodians questioned for the largest survey of the notoriously abusive Thai fishing industry’s workforce to date said he was forced into the job, according to a new report by the International Labor Organization (ILO). Though some of the findings are in ...
Zsombor Peter
http://www.cambodiadaily.com/news/limited-trafficking-rampant-abuse-in-thai-fishing-industry-41643/
Security Buildup Remains in Effect After Peaceful Mass Protest
Government security forces kept up a visible presence in central Phnom Penh on Sunday morning after what on Saturday promised to be the first of many opposition-led mass protests against the contested results of the country’s July 28 national election. Some 20,000 CNRP supporters turned out ...
Hul Reaksmey and Zsombor Pete
http://www.cambodiadaily.com/news/security-buildup-remains-in-effect-after-peaceful-mass-protest-41924/
Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
Cambodia opposition rallies for second day
Cambodian opposition supporters have taken to the streets for a second day, after thousands of protesters marched to the United Nation’s human rights office in the capital, Phnom Penh. They are urging the world body to intervene in the country’s political deadlock, and opposition leader Sam ...
Aljazeera News Staff
http://www.aljazeera.com/video/asia-pacific/2013/10/cambodia-opposition-rallies-second-day-20131024435425956.html
DENSO, Toyota Tsusho and Aisin Seiki to Open Wholly-Owned Automotive After-Sales Service Store in Cambodia- Will offer high-quality automotive after-Sales services in emerging economies
DENSO Corporation , Toyota Tsusho Corporation and Aisin Seiki Co., Ltd., will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the ...
Hispanic Business News Staff
http://www.hispanicbusiness.com/2013/11/28/denso_toyota_tsusho_and_aisin_seiki.htm
Cambodia low on energy ranking
Low electrification rates and over-dependence on fossil fuel imports have contributed to Cambodia’s abysmally low ranking in the new World Economic Forum’s Global Energy Architecture Performance Index Report for 2014. Cambodia ranked 120 out of 124 nations, with a so-called Energy Architecture Performance Index (EAPI) score ...
Eddie Morton
http://www.phnompenhpost.com/business/cambodia-low-energy-ranking
Malaysian and Sri Lankan Charged Over Bank Card Scam
The Phnom Penh Municipal Court on Monday heard the case of a Malaysian and a Sri Lankan charged with using fake bank cards to withdraw up to $50,000 from ATMs during Khmer New Year in 2012. Delvin Joshap, 30, of Malaysia, had masterminded the crime and ...
Eang Mengleng
http://www.cambodiadaily.com/news/malaysian-and-sri-lankan-charged-over-bank%E2%80%88card-scam-44012/
Cambodia to resume international adoptions next year
Cambodia will resume international adoptions in 2014, more than four years after suspending them over concerns about child exploitation, an official said Wednesday. Deputy Social Affairs Minister Nim Thoth told reporters that foreigners interested in adopting Cambodian children would be able to make applications in the ...
The Salt Lake Tribune Staff
http://www.sltrib.com/sltrib/world/57218072-68/adoptions-cambodia-resume-international.html.csp
Condo market continues to grow despite over-supply
New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...
Siv Meng
http://www.phnompenhpost.com/real-estate/condo-market-continues-grow-despite-over-supply
Profits dip for water authority
Second-quarter net profit for the exchange-listed Phnom Penh Water Supply Authority dropped nearly 26 per cent to $2 million from the same quarter a year ago, according to the most recent financial report released on October 11. Sim Sitha, the director-general of PPWSA, said the decrease ...
May Kunmakara
http://www.phnompenhpost.com/business/profits-dip-water-authority
RCAF evicting for bases: NGO
The Royal Cambodian Armed Forces have evicted nearly 1,000 families in 14 provinces in the past five years, ostensibly to build military bases, according to a report released by rights group Adhoc yesterday. The report outlined Adhoc’s concerns over ongoing land disputes between local communities and ...
May Titthara
http://www.phnompenhpost.com/national/rcaf-evicting-bases-ngo
Cambodian defense minister warns opposition against violating law in anti-PM Hun Sen protests
Cambodian Deputy Prime Minister and Defense Minister Tea Banh on Thursday warned main opposition against unlawful acts in its daily protests against Prime Minister Hun Sen’s government. “In the latest development, the opposition’s protesters are demanding the legitimate Prime Minister (Hun Sen) of the government to ...
Global Times News Staff
http://www.globaltimes.cn/content/833032.shtml#.UrOoG9IW2ls
Defense Minister Warns Protesters Against Blocking Streets
Striking garment factory workers and protesting CNRP supporters should respect people of other nationalities and make sure they act within the boundaries of the law, Defense Minister Tea Banh said Thursday. Speaking at an opening ceremony for three new Royal Cambodian Armed Force science laboratory buildings, ...
Sek Odom
http://www.cambodiadaily.com/news/defense-minister-warns-protesters-against-blocking-streets-49733/
Jailed UK Businessman Faces Fresh Charges
The Banteay Meanchey Provincial Court laid fresh charges of money laundering on the detained chairman of an embattled British investment firm on Friday, the same day that a provincial official was arrested in relation to fraud charges the businessman was already facing, a court official ...
Kuch Naren
http://www.cambodiadaily.com/news/jailed-uk-businessman-faces-fresh-charges-50494/