Tourism for fourth months of 2012
Report from tourism ministry said: in 2011, it gained 2.8 million tourist arrivals and harvested for 1.9 billion US dollars. For fourth months of 2012, we received over 1, 272,514 foreign tourists, an increase of over 27 percent if comparing the same period of last year. Tourism industry offered direct jobs of 350,000. Ministry urged to ...
Hun Manet meets Vietnamese defense minister in Hanoi
Vietnamese Defense Minister Phung Quang Thanh says Vietnam is willing to co-operate with Cambodia in terrorism prevention through exchanges and joint drills, Nhan Dan reported Wednesday. The official organ of the Communist Party of Vietnam said the offer was maDe at a reception in Hanoi Tuesday ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YjI5OWFhZGMwMTM
Land fight in Kampong Speu
Some 250 families in Kampong Speu province’s Phnom Sruoch district have sought intervention from rights group Adhoc to help resolve a land dispute involving a business they allege is headed by the son of former provincial governor Kang Heang. Families from three villages say Heang, who ...
May Titthara
http://www.phnompenhpost.com/national/land-fight-kampong-speu
Port eyes public listing amid profits recovery
Sihanoukville Autonomous Port (SAP) could be ready to list on the Cambodian Stock Exchange (CSX) by mid 2015, the head of the state-owned enterprise says. Lou Kimchhunn, director-general at the port said he is awaiting evaluations of the business’s 2014 performance from an independent accounting firm ...
May Kunmakara
http://www.phnompenhpost.com/business/port-eyes-public-listing-amid-profits-recovery
Holiday clemency requested for 900 prisoners
The names of more than 900 prisoners have been put forward to receive pardons and sentence reductions during next month’s Khmer New Year festivities, officials said yesterday. The inmates were selected by the Ministry of Interior and their cases are now being assessed by the Ministry ...
Chhay Channyda
http://www.phnompenhpost.com/holiday-clemency-requested-900-prisoners
Vietnam tops auction to supply rice to NFA
Vietnam offered Friday the lower price for the additional rice supply that the Philippines will import to increase its buffer stock for the lean season, the National Food Authority said. NFA earlier invited Cambodia, Thailand and Vietnam to supply an additional 250,000 metric tons of rice ...
Anna Leah E. Gonzales
http://bit.ly/1QgImol
Leading Malaysian insurer to bring “Fast & Easy” insurance to the local market
Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...
Khmer Times Staff
https://www.khmertimeskh.com/50700680/leading-malaysian-insurer-to-bring-fast-easy-insurance-to-the-local-market
Rocket Internet launches e-commerce site in Cambodia
A local representative of controversial online start-up incubator Rocket Internet said the company would invest “millions” in Cambodia as it launched a new online retail store yesterday, in what market insiders call a trend toward increasing e-commerce in the Kingdom. The site, shop.com.kh is offered in ...
http://www.phnompenhpost.com/index.php/2012071157333/Business/rocket-launches-e-commerce-site.html
South Korea to approve $1.5b loan to develop Cambodia’s economy
Cambodia is preparing to ink a deal that will see South Korea offer $1.5 billion in loans to further develop the kingdom’s energy sector and infrastructure. ...
Meas Molika
https://kiripost.com/stories/south-korea-to-approve-15b-loan-to-develop-cambodias-economy
Microfinance to tap into WASH sector
A partnership between Cambodia Microfinance Association (CMA) and Water.org aims to increase access to safe water and sanitation nationwide by offering incentives to finance the sector. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-microfinance-to-tap-into-wash-sector
NGO calls for extension of maternity leave in Kingdom
The Scaling Up Nutrition Network (SUN), which represents more than fifty national and international civil society organisations and the SUN UN network, which represents four agencies, offered their congratulations to the government for recent workshops held to promote breastfeeding and the introduction of increased maternity ...
Post staff
https://www.phnompenhpost.com/national/ngo-calls-extension-maternity-leave-kingdom
SERC combat illegal investment schemes
The Securities Exchange Regulator of Cambodia (SERC) is actively seeking collaboration with relevant ministries and institutions to combat the illicit collection of public funds by unauthorised investors offering high returns. ...
May Kunmakara
https://www.phnompenhpost.com/business/serc-combat-illegal-investment-schemes
Third minimum wage negotiation – Employers agree to $2 now as employees reduce to $10
The third textile, garment, footwear and travel goods minimum wage negotiation for 2025 has yet to reach a consensus, even though employers representatives raised their offer from $1 to $2, while union representatives dropped their rate from $14 to $10. ...
Sovann Sreypech and Pou Soreachny
https://cambojanews.com/third-minimum-wage-negotiation-employers-agree-to-2-now-as-employees-reduce-to-10/
US firms suggest ASEAN improve financial services
Although US businesses across ASEAN have expressed a positive investment outlook towards Cambodia and the other members of the regional group, they are unsure of how to take advantage of the free-trade agreement with China, insiders said at the first-ever ASEAN-US Business Summit, which kicked ...
Microsoft decries pirated software
Microsoft Cambodia has found that an overwhelming majority of computer retailers surveyed earlier this year failed to offer customers the option to purchase licensed, as opposed to pirated, software. Out of the 54 Cambodian computer retailers included in the May survey, the results of which were ...
http://www.phnompenhpost.com/business/microsoft-decries-pirated-software
Garment IPO to pay for factory
Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/garment-ipo-pay-factory
Villagers want compensation for Lower Sesan 2 Dam construction
A group of eight villagers from Stung Treng and Ratanakkiri provinces facing displacement by the construction of the Lower Sesan 2 dam lodged a petition Thursday with the Chinese Embassy and three ministries demanding that the developer negotiate with them. “The affected families have never been ...
Kuch Naren
http://www.cambodiadaily.com/news/villagers-want-compensation-for-lower-sesan-2-dam-construction-52244/
Culture Ministry Plans to Build New Cinema
In an effort to increase Khmer film production the Ministry of Culture and Fine Arts is going to build a state-run cinema next to the Chaktomuk Conference Hall. Recently Westec Media opened a cinema, the first offering 3D movies in Cambodia, at City Mall in ...
Kingdom pushes power grid
The Cambodian government yesterday offered a subsidy on equipment to private electricity distributors in an effort to expand the Kingdom’s limited power grid. Private power suppliers who have completed between 70 to 80 per cent of their planned investments in electricity networks can request subsidies on ...
http://www.phnompenhpost.com/index.php/2011122053502/Business/kingdom-pushes-power-grid.html
Capital ferry hosts official launch
The Ministry of Public Works and Transport said caretaker Prime Minister Hun Sen presided over the official launch of a ferry service that has been operating for the past three months. The service takes passengers along the Tonle Sap and Tonle Bassac rivers, making three ...
Hin Pisei
https://www.phnompenhpost.com/business/capital-ferry-hosts-official-launch