US firms eye new markets in the Kingdom
VISA, Mastercard, Dell and Cisco Systems have been added to a growing list of US companies looking to enter the Cambodian market, according to Frances Zwenig, counsellor of the US-ASEAN Business Council. The financial services and information technology companies joined GE, Chevron, Johnson & Johnson ...
EU Eyes Asean as Solution for Troubles at Home
As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel De Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...
ASEAN-US business summit next week
United States Trade Representative Ron Kirk, will spend two days, August 30 and 31, in Siem Reap attending the 44th ASEAN Economic Ministers’ meeting and the ASEAN-US Business Summit. He is also scheduled to meet separately with Cambodian leaders and other participating ministers to discuss bilateral ...
China is promoting the yuan for settling trade deals with the Kingdom
Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...
Regus Opens in Cambodia, Expands Footprint to 99 Countries
Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...
Cambodia-Vietnam trade, investment see marked rises in 2012
Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...
http://news.xinhuanet.com/english/world/2012-12/29/c_132070890.htm
Major Cineplex comes to Cambodia
Thai-based movie theatre company Major Cineplex said it will build “a high-end lifestyle and entertainment complex” at the Aeon mall in Phnom Penh, hoping to capture Cambodia’s youth market in what it believes is a stable business environment for its entertainment products. While it sees prospects in ...
http://www.phnompenhpost.com/2013021461365/Business/major-cineplex-comes-to-cambodia.html
Rice husk to power agriculture
Cambodia-based SOMA Energy will construct two bio-mass power-generating plants that convert rice husks into electricity to supply Cambodian farmers working in the provinces. SOMA energy, a subsidiary of SOMA group, has invested nearly $3 million in the construction of the plants, one of which is located ...
http://www.phnompenhpost.com/business/rice-husk-power-agriculture
Software licenses debated
Open source software is an important way forward and a useful impetus for development in Cambodia, according to attendees of the Kingdom’s first software conference this weekend. The conference, which centred on TYPO3, an open source content management system (CMS), was held this past weekend ...
Tech start-up pitches sought
A group of Phnom Penh-based high-tech professionals are putting on the second annual Startup Weekend Cambodia from June 22 to 24 at Yellow Tower, across the Tonle Sap from the Riverside. Darren Jensen of Yoolk, a software company that builds content, sales and HR management systems ...
http://www.phnompenhpost.com/index.php/2012061156712/Business/tech-start-up-pitches-sought.html
Business boom depletes forests
During the past four years, Cambodia has seen drastic decreases in rare species of trees due to illegal logging, community research from the National Resource Protection Group indicates. If continued unabated, illegal logging threatens to wholly deplete Cambodia’s rare tree species, Chut Wutty said. Cambodia’s ...
Businesses asked to relocate
The Phnom Penh Municipal Hall has requested owners of factories, enterprises, warehouses and garages to relocate to the outskirts along the capital’s third ring road, which is still under construction and expected to be completed by 2021. It said the facilities’ locations in the city ...
Khorn Savi
https://www.phnompenhpost.com/national/businesses-asked-relocate
Cambodia, China talk business
China’s Commerce Minister Gao Hucheng, who has been on an official visit to Cambodia, will discuss roads, railways, airport construction, agriculture and other projects with senior government officials in the next few days. ...
Ven Rathavong
http://www.khmertimeskh.com/news/27926/cambodia--china-talk-business/
Cambodia businesses fret Myanmar
While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...
Myanmar Times News Staff
http://www.mmtimes.com/index.php/business/16458-cambodia-businesses-fret-myanmar.html
Human side of business
Companies should embrace the concept of corporate social responsibility (CSR) in their operations and encourage a positive impact through their activities on the environment, consumers, employees, communities, stakeholders and all other members of the public, said an NGO official yesterday. “CSR-focused businesses would proactively promote public ...
Chea Vannak
http://www.khmertimeskh.com/news/31606/human-side-of-business/
Business outlook still positive
Bun Mony, advisor to the Cambodian Microfinance Association (CMA) noted that though the interest rate cap could lower revenue and cut profit margins in the sector, overall neither the election nor the cap would have a lasting impact for the industry. ...
Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/business-outlook-still-positive
Report targets corrupt business
Transparency International Cambodia yesterday released its first Business Integrity Country Agenda assessment report, aimed at reducing corruption and improving the overall Business environment in the country. ...
Khuon Narim
http://www.khmertimeskh.com/5096822/report-targets-corrupt-business/
MIME launches business award
The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...
http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html
Challenging business for startups
The World Bank recently ranked Cambodia 184th out of 189 countries for ease of starting a business, but you wouldn’t have known it at Phnom Penh’s recent Startup Weekend. Pitches for Cambodia’s first commercial organic chicken farm and for an app to connect tuk-tuk drivers to ...
Justine Drennan
http://www.phnompenhpost.com/business/challenging-business-startups
Beds block busy road
About 100 villagers embroiled in a land dispute in Phnom Penh’s Chroy Changvar district gathered on National Road 6A at 7am yesterday, blocking the road with wooden beds and their bodies for three hours. The protest stems from a December 15 court injunction ordering 30 villagers ...
Sen David
http://www.phnompenhpost.com/national/beds-block-busy-road