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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 ...

http://www.phnompenhpost.com/index.php/2012083158399/Business/us-firms-suggest-asean-improve-financial-services.html

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

An IPO with a value approach

Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, held a bookbuild last month to determine the share price for its upcoming initial public offering on the Cambodian stock market. The private company aims to raise between $8.1 ...

Cam McGrath
http://www.phnompenhpost.com/business/ipo-value-approach

New ISP aims to compete on quality, not low pricing

Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-isp-aims-compete-quality-not-low-pricing

Bag firm plans to grow local operations

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations

43 awarded tax agent licenses

As part of ongoing government efforts to modernize and streamline the country’s tax system, 43 tax agent licenses were awarded yesterday. The 43 companies are now legally recognized as offering tax declaration services to the public and private sectors. Eighteen had previously been doing this work ...

Chea vannak
http://www.khmertimeskh.com/news/31518/43-awarded-tax-agent-licenses/

Report on Worldwide Land Grabbing Zeroes In on Cambodia

A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...

http://www.cambodiadaily.com

Land prices along major roads increase sharply

The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...

Seun Son
http://www.phnompenhpost.com/real-estate/land-prices-along-major-roads-increase-sharply

United Kingdom's Prudential Company invests life insurance in Cambodia

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

http://thesoutheastasiaweekly.com/

ICT expo is planned for next month

An information and communications technology (ICT) event will be held from July 5-7 this year, offering sales and networking opportunities amid a surge in ICT growth in the Kingdom. Expected to draw about 100 companies, the Mobile Social Commerce International Conference and Expo at Phnom Penh’s ...

http://www.phnompenhpost.com/2013060766122/Business/ict-expo-is-planned-for-next-month.html

Garment workers to receive USD 100 per month from February

The Government already issued a Decision to require the employers to increase the minimum wage for the factory workers to USD 100 per month, starting from February 2014, said a government official. Vong Savann, a senior official of the Labor Ministry adDed that the Decision was ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=NmY5MTVmYTZhMzE

German Foundation to launch “The Development of Cambodian Administrative Law”

Konrad-Adenauer-Stiftung (KAS) in Cambodia will launch a book on “The   development of Cambodian Administrative Law” on 07th of May 2014 at 05:30pm at Raffles Hotel Le Royal. In its press statement, KAS said that by offering readers an overview on the status and development of administrative ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=YmJmYzc2YjIwMWI

Cambodia ready for rice bid

Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says. The Philippine government’s National Food Authority (NFA) last week authorised the import of 500,000 tonnes of rice to the country. The bidding process, which is looking for the ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-ready-rice-bid

Strike ends as sacked workers take cash

Seven union leaders protesting against being sacked from the Vantage River Textile factory in Preah Sihanouk province each agreed yesterday to accept $300 compensation. Worker representative and sacked employee Keo Srey Pich, 22, said three hours of negotiations between the union, workers and the company, in ...

Pech Sotheary
http://www.phnompenhpost.com/national/strike-ends-sacked-workers-take-cash

Kuoy families in Preah Vihear worry over land issue

More than 250 indigenous Kuoy families in Preah Vihear province have refused to accept compensation from a gold mining company that has offered them just $500 per hectare of land. ...

Yin Soeum
https://www.khmertimeskh.com/50929763/kuoy-families-in-preah-vihear-worry-over-land-issue/

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