Cambodian, Thai firms form business alliance
SBI Royal Securities, a subsidiary of Japanese-based SBI Holdings, has concluded a basic agreement to form a business and capital alliance with one of Thailand’s leading securities firms, in a move that could attract more investment from Cambodia’s northern neighbour. The agreement with Thailand’s Finansia Syrus ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodian-thai-firms-form-business-alliance
Businesses need help fighting corruption: CAMFEBA
Corruption is weighing on businesses, and the avenues to address it are limited, according to Cambodia’s leading employer association. At a joint conference with the International Labour Organization (ILO) and the Cambodian Federation of Employers (CAMFEBA) in Phnom Penh yesterday, the employer representative called on the ...
Daniel de Carteret
http://www.phnompenhpost.com/business/businesses-need-help-fighting-corruption-camfeba
Time for business to step up
Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...
Hor Kimsay
http://www.phnompenhpost.com/time-business-step
Hun Sen says business breeds bribes
Prime Minister Hun Sen yesterday defended his government, saying its reputation for corruption is undeserved, laying blame on the private sector for initiating the bribe process and calling out international development partners for applying double standards. Speaking at the Eighth Regional Conference of Anti-Corruption Intiative for ...
Chan Muyhong
http://phnompenhpost.com/business/hun-sen-says-business-breeds-bribes
Thai business seeks openings in Cambodia
In anticipation of increasingly adverse export conditions, entrepreneurs from six northeastern provinces of Thailand are trying to strengthen ties with their counterparts here. ...
Naomi-Collett Ritz
http://www.khmertimeskh.com/news/12544/thai-business-seeks-openings-in-cambodia/
Local businesses lead surge in registrations
The Ministry of Commerce received more than 2,100 new business registrations in the first half of the year, surpassing the 2,020 registrations received at the halfway mark of 2014. ...
Sok Chan
http://www.phnompenhpost.com/post-weekend/local-businesses-lead-surge-registrations
Major Brands Confront Cambodian Leader Over Use of Force
A coalition of 30 brands and three global unions have sent a letter to Cambodian Prime Minister Hun Sen calling for an investigation into the recent use of deadly force against striking garment-sector workers. The letter, dated Friday, urged the government to launch a new process ...
Kate O'keeffe and Sun Narin
http://online.wsj.com/news/articles/SB10001424052702304027204579330201431431652?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304027204579330201431431652.html
Bank of India looks ahead
The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...
Donors Mum On Aid Forum Postponement
Cambodia’s foreign donors are staying largely mum about the government’s decision to indefinitely high-level aid meeting, though one donor conceded that the move had caught it off guard. Economists also said yesterday that a delay in holding the donor meeting would have little effect, but ...
Vietnamese military bank to open doors today
Vietnam’s Military Commercial Joint-Stock Bank (MB Bank) will open its doors in Phnom Penh today, becoming the fourth Vietnamese bank to set up operations here and bringing the total number of commercial banks in Cambodia to 31. Nguon Sokha, general director of the National Bank of ...
As Climate Changes, Farmers Need More Help
The government is not doing enough to help farmers weather the destructive effects of drought and flooding brought on by climate change, leaving NGOs to provide aid and emergency relief in cases of natural disaster, agriculture industry leaders said at a forum yesterday. ...
Government Distributes Land For Landless And Poor People
Samdech Prime Minister Hun Sen on June 14 ordered line ministries to distribute land to landless and real poor people to contribute to strengthening social equity system in the kingdom. “Landless and real poor people will get a plot of land with land titles according to the obvious situation,” Premier said in the launching ceremony ...
Cambodia says LDCs need more time for service industries
Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...
Siam City Cement to enter Cambodia with local partner
Siam City Cement and the Chip Mong Group will co-build a new cement plant in the Toukmeas district of Kampot by 2015 in order to take advantage of the “huge” demand in Cambodia. The plant will cater specifically to the Cambodian market, although they will also ...
http://www.phnompenhpost.com/Business/siam-city-cement-to-enter-kingdom-with-local-partner.html
National Bank of Cambodia Reports Lending Surge in 2012
Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National Bank of Cambodia (NBC) yesterday. Banks lent out a total of $5.89 billion in 2012, compared with $4.39 billion in 2011, NBC figures show, meaning ...
http://www.cambodiadaily.com/business/national-bank-of-cambodia-reports-lending-surge-in-2012-11368/
Cambodia keen on farming cooperation with Tien Giang
A senior Cambodian official has voiced his desire to boost agricultural cooperation with the Mekong Delta province of Tien Giang, especially in fruit farming. Tien Giang has 70,000 ha grown with various fruit trees which produce nearly 1 million tonnes a year. Working with the provincial officials ...
FAO sees slight decline in Cambodian rice harvest this year
Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDBmNGIwNDFiZWY
Bank Says No Railway Evictee To Be Left Behind
The Asian Development Bank announced yesterday that the organizations behind the rehabilitation of Cambodia’s railways, including the government and the Australian development agency, have jointly pledged to address the complaints of people facing eviction from dwellings across the rail lines. The Australian government provided ...
Cambodia's International Reserves Increase to Nearly $3 Billion
According to the statement from the national bank of Cambodia (NBC), the country’s international reserves increased by 2.912 million US dollars so far this year with guaranteeing to import for four months. “For the management of the international reserves, we have implemented the policy with ...
USAID Report Offers New Way to Protect Prey Long Forest
The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the US Agency for ...