Port in Kampot to turn province into regional trade hub
Kampot Port Co will break ground on a Kampot port in September, company officialS Said yeSterday. The port will be an important part of a long-delayed Kampot Special Economic Zone (KSEZ), which iS hoped to revitaliSe trade and commerce in the province. Vinh Huor, preSident of the SS='cambodia-color'>...
Focusing on a good user experience
Companies and individuals need to do more than just create technology. They need to optimise the services and goods they provide, especially when introducing new concepts to developing markets such as Cambodia. That was the message from one presenter at last weekend’s T3CON12-AsIA conference in Phnom ss='cambodia-color'>...
Angkor Air forecasts first loss
AFTER finishing in the black every year since its launch in 2009, Cambodia’s flagship airline is forecasting a loss for the first time, in a situation that an industry analyst has described as “not necessarily typical”. Cambodia Angkor Air’s (CAA) loss is projected to span two ss='cambodia-color'>...
http://www.phnompenhpost.com/2013030661776/Business/angkor-air-forecasts-first-loss.html
Future of Gold Tower 42 in Arbitration Court
The owner of the $240 million Gold Tower 42 project in Phnom Penh has entered into arbitration with the project’s builder, in a bid to get work started again after construction halted on the project in september 2010 due to poor unit sales and cost ss='cambodia-color'>...
Details murky on Koh Pich dredge
Even as bulldozers slowly pushed freshly dredged sand into the Tonle Bassac yesterday, expanding Phnom Penh’s Koh Pich, developers and officials could say little about the massive project slated to occupy the new space – a 555-metre tower that would be the tallest in Asia, ss='cambodia-color'>...
http://www.phnompenhpost.com/2013040564919/National/details-murky-on-koh-pich-dredge.html
Logistics and insurance firms driving office market
Increases in Cambodia’s GDP and foreign direct investment (FDI) are helping to drive the supply and demand in the Kingdom’s office sector, according to a new report from global property agents CBRE. Increasingly, international businesses are favouring Cambodia, in particular Phnom Penh, mainly due to ss='cambodia-color'>...
Analysts See Chance for End to Political Deadlock
With Saturday&rSquo;S oppoSition proteSt now expected to be a peaceful meditation on juStice&mdaSh;rather than a demonStration againSt a flawed election proceSS&mdaSh;Cambodian analyStS Say the current poSt-election deadlock may Soon paSS. OppoSition leaderS Said Monday they planned to go forward with a maSS demonStration, but that they SS='cambodia-color'>...
Heng Reaksmey
http://www.voacambodia.com/content/analysts-see-chance-for-end-to-political-deadlock/1742485.html
Engineers Hold Labor Day Protest Against Paying Income Tax
More than 50 engineers employed by Japan’s sumitomo Mitsui Construction Co. Ltd. to work on a new Neak Loueng Bridge in Kandal province protested on Wednesday over paying income tax of 10 percent and are threatening to go on strike again if their employer dose ss='cambodia-color'>...
Trade Deal Threat Still On Table
The European union’s executive arm has responded to its parliamentarians’ concerns over rights abuses stemming from Cambodia’s economic land concessions, maintaining that, should the need arise, it “will be ready” to withdraw from its preferential trade agreements with the Kingdom. In a joint letter to concerned ss='cambodia-color'>...
http://www.phnompenhpost.com/2013052065716/National/trade-deal-threat-still-on-table.html
Massive Power Outage Triggered by Falling Tree
A massive power outage that left large areas of Phnom Penh without electricity and water and plunged southern Vietnam into darkness on Wednesday was caused by a crane operator knocking a tree onto a high voltage power line, Vietnam’s state-owned energy provider said yesterday. “A ss='cambodia-color'>...
http://www.cambodiadaily.com/news/massive-power-outage-triggered-by-falling-tree-26557/
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. stephen Higgins, former CEO of ANZ ss='cambodia-color'>...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Chamber wants new tax laws
The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ss='cambodia-color'>...
http://www.phnompenhpost.com/business/chamber-wants-new-tax-laws
Sofitel Phnom Penh Wins 2nd Place in Awards
The Sofitel Phnom Penh Phokeethra haS won Second place among the 25 beSt hotelS of SoutheaSt ASia in the 2013 ReaderS&rSquo; Choice AwardS of the preStigiouS Conde NaSt Traveler publication, which alSo named Siem Reap City aS one of the “Top 10 CitieS in ASia.” CharleS-Henri SS='cambodia-color'>...
Michelle Vachon
http://www.cambodiadaily.com/business/sofitel-phnom-penh-wins-2nd-place-in%E2%80%88awards-45706/
In the money at CNRP rally
Thousands of opposition supporters at Freedom Park cheered in a near-ecstatic frenzy yesterday as Cambodia National Rescue Party president sam Rainsy compared the demonstration to those held by the ruling party with an eye to the bottom line. “The [Cambodian People’s Party] uses money to pay ss='cambodia-color'>...
Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/money-cnrp-rally
Budget leaves $1.5b unassigned
Transparency watchdogs have warned that $1.5 billion of unallocated funds in next year’s budget will only encourage nepotism and embezzlement. The Draft Budget Law was approved at the National Assembly on Tuesday in a unanimous vote of 66 ruling Cambodian People’s Party MPs. The $3.4 billion ss='cambodia-color'>...
Daniel Pye and Vong Sokheng
http://www.phnompenhpost.com/national/budget-leaves-15b-unassigned
Sewage canal bursts its banks
Raw sewage spewed onto street 105 from the antiquated discharge canal running parallel to it yesterday as heavy rains continued to create headaches in the capital. The putrid water lipped homes and local business on the street in Chamkarmon’s Boeung Trabek commune, alarming residents. Togo Uchida, ss='cambodia-color'>...
Phak Seangly and Amelia Woodside
http://www.phnompenhpost.com/national/sewage-canal-bursts-its-banks
Fearing Unrest, Garment Workers Abandon Jobs
Phnom Penh’s garment factories are operating at a greatly reduced capacity as workers return home to the provinces in droves in response to the government’s decision to increase security after the opposition warned they plan to hold mass demonstrations against the election results. Ken Loo, secretary-general ss='cambodia-color'>...
http://www.cambodiadaily.com/elections/fearing-unrest-garment-workers-abandon-jobs-39842/
Analysts See Chance for End to Political Deadlock
With Saturday&rSquo;S oppoSition proteSt now expected to be a peaceful meditation on juStice&mdaSh;rather than a demonStration againSt a flawed election proceSS&mdaSh;Cambodian analyStS Say the current poSt-election deadlock may Soon paSS. OppoSition leaderS Said Monday they planned to go forward with a maSS demonStration, but that they SS='cambodia-color'>...
Heng Reaksmey
http://www.voacambodia.com/content/analysts-see-chance-for-end-to-political-deadlock/1742485.html
CNRP to Hold Demonstration in Siem Reap
The opposition CNRP has decided to move a mass demonstration to mark International Human Rights Day on December 10 from Phnom Penh to siem Reap City, the party’s deputy president Kem sokha said on saturday. The CNRP will also hold mass demonstrations every sunday at Freedom ss='cambodia-color'>...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/cnrp-to-hold-demonstration-in-siem-reap-47801/
Switzerland provides 3 mln USD to Cambodia for mine clearance
Switzerland on TueSday granted 3 million U.S. dollarS to Cambodia through the United NationS Development Program (UNDP) for mine clearance. The agreement waS inked between Rahel BoeSch, director of SwiSS Agency for Development Cooperation office in Cambodia, and SetSuko Yamazaki, director of UNDP office in Cambodia, SS='cambodia-color'>...
Business Ghana News Staff
http://www.businessghana.com/portal/news/index.php?op=getNews&news_cat_id=&id=193425