EZECOM and Thai partner interconnect
Thai telecommunications network provider United Information Highway (UIH) and Cambodian internet service provider EZECOM said they established an interconnect agreement last month to offer improved service to customers conducting business with neighbouring countries. “We have UIH as a partner for our connection to Thailand; the connection ...
http://www.phnompenhpost.com/2013021261303/Business/ezecom-and-thai-partner-interconnect.html
MTZ to set up Belarus-Mekong joint venture in Cambodia
Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about ...
KTH mall to be officially inaugurated
The KTH Premium Power Mall, opposite the Chinese Embassy in Phnom Penh, will be officially inaugurated on March 1 by K Thong Huot Telecom Co (KTH). The 1,200-square-metre mall will focus on international brands of electronic products. A mall representative told the Post the business would cater ...
http://www.phnompenhpost.com/2013022661601/Business/kth-mall-to-be-officially-inaugurated.html
Bourse ready for first-day trading, CEO says
The Phnom Penh Water Supply Authority will launch its initial public offering (IPO) today on Cambodia’s bourse, and investors and securities officials said yesterday that they expected the company to make a strong start to trading The Water Supply Authority is issuing 13 million shares, which ...
Micro-life insurance on rise
When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...
http://www.phnompenhpost.com/2013060466033/Business/micro-life-insurance-on-rise.html
China vow to help Cambodia prevent "disturbance from outside"
Chinese Foreign Minister Wang Yi vowed Wednesday, while visiting Cambodia three weeks after a general election that both the ruling and opposition parties claim to have won, to support whatever measures its government takes to ensure stability and offered to help “prevent any disturbance from ...
Kyodo News International
http://www.globalpost.com/dispatch/news/kyodo-news-international/130821/china-vow-help-cambodia-prevent-disturbance-outside
Chinese gov’t invests in language courses
In an effort to bolster China’s cultural influence and expand bilateral ties, the Chinese government last week donated $203,000 to support the Kingdom’s increasingly popular Chinese-language classes. The funding was transferred last Thursday to the Chinese Association in Cambodia, which said it plans to expand class ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/chinese-gov%E2%80%99t-invests-language-courses
De Castle Royal launches leaseback program
In a first for Phnom Penh, South Korean condominium developer Nury D&C has teamed up with SBI Royal Securities to offer condominium buyers a leaseback arrangement on the remaining condo-miniums and condo-minium blocks for sale at De Castle Royal. The 32-storey De Castle Royal has a ...
Post Staff
http://www.phnompenhpost.com/real-estate/de-castle-royal-launches-leaseback-program
Interested, but not yet committed
From the finance to the education sector, the interest from companies looking to list on Cambodia’s nascent stock exchange is on the rise, a CSX official said yesterday, after a meeting with some of the Kingdom’s largest firms. Some 30 companies, the CSX say, are eyeing ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/interested-not-yet-committed
Amnesty idea floated during talks: report
Opposition leader Sam Rainsy and Prime Minister Hun Sen discussed the possibility of offering amnesty to senior government officials in order to allow for “an honourable exit of the leaders”, Rainsy was quoted as saying to the French newspaper La Libération last week. Rainsy reportedly said in the ...
Stuart White
http://www.phnompenhpost.com/national/amnesty-idea-floated-during-talks-report
Agriculture insurance a hard sell
About a year after offering the country’s sole agriculture policy, Forte Insurance is struggling to sell coverage. “We still need time to get farmers to understand the benefits of agricultural insurance,” said Youk Chamroenrith, director and general manager of Forte. “We have four clients signed up ...
Chan Muy Hong
http://www.phnompenhpost.com/business/agriculture-insurance-hard-sell
ANA eyes Cambodia services
All Nippon Airways is studying an option to serve Cambodia, according to an analysis released by the Centre for Asia Pacific Aviation. ANA CEO, Osamu Shinobe, told CAPA that Cambodia and Malaysia are under consideration in a bid to secure a market share of 14% on routes between ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/12/ana-eyes-cambodia-services/
Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
Energy Minister plays down Areng concerns
Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the EnvironmEnt, offering assurances that the planned Stung Cheay ArEng Hydropower Dam will meet high EnvironmEntal and social standards. Opposition Cambodia National Rescue Party member Te Chanmony on September ...
May Titthara
http://phnompenhpost.com/national/energy-minister-plays-down-areng-concerns
SEZs investment potential relies in infrastructure
In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...
James Whitehead
http://www.phnompenhpost.com/real-estate/sezs-investment-potential-relies-infrastructure
ACU takes aim at bribes
The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...
http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html
Follow-up IPOs still on track
Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
Cambodia Airports Comes Under Attack by a Former Executive
Philippe Laurent became secretary-general of Cambodia Airports in May 2008. He was one of six senior executives in charge of the country’s international airports in Phnom Penh, Siem Reap and the little-used facility in Sihanoukville. Mr. Laurent is now carrying out a one-man campaign against ...
http://www.cambodiadaily.com/selected-features/cambodia-airports-comes-under-attack-17727/
Fund raising: Kingdom may borrow more in 2012
Cambodia could borrow US$1.1 billion from other countries in 2012, 75 per cent more than this year, to help repair infrastructure damaged in flooding and support efforts to increase rice exports to one million tonnes by 2015, a senior official said yesterday. Cheam Yeap, chairman of ...
Prasac seeks commercial bank status
PRASAC, Cambodia’s largest microfinance institution by outstanding loans, planned to become a licensed commercial bank in the Kingdom, company officials said yesterday. The news comes despite calls from insiders and experts – most recently the International Monetary Fund and World Bank – for the National ...