CEOs see auto, ICT, finance sectors as top growth picks
Thai CEOs are confident that the country’s 2013 economic growth will be at least as good as last year’s level and that the automobile, information and communications technology, and financial sectors will be the star performers. The CEOs estimate that their companies’ profits this year ...
Gov’t fights back on ‘useless’ education claim
Education Minister Hang Chuon Naron yesterday slammed opposition leader Sam Rainsy for dismissing university degrees in the country as value-less and labeling the education system one of the poorest in the world. ...
Ven Rathavong
http://www.khmertimeskh.com/news/16635/gov---t-fights-back-on----useless----education-claim/
Price tag set for railway link to Vietnam border
The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...
Telecom Firms Say Mobitel Owes $1.5M in Connection Fees
Cambodia’s largest mobile phone company CamGSM Co. Ltd., which operates under the MobiTel brand name, has been accused by three other firms in the market of refusing to pay more than $1.5 million owed to them in interconnection fees. In a letter to Telecommunications Minister So Khun dated ...
Workers petition Korean government
More than 300 striking workers from the International Fashion Royal garment factory in Phnom Penh appealed for assistance from the South Korean Embassy yesterday afternoon after police blocked their march to Por Sen Chey District Hall, a union official said. Ten days of striking for a ...
http://www.phnompenhpost.com/2013012260899/National/workers-petition-korean-government.html
Hunters and Hunted
Unable to effectively police the Cardamoms alone, the Cambodian government partners itself with several international NGOs. The forests directly north of Highway 48 arc patrolled with the help of Wildlife Alliance. Beginning in 2002 with two ranger stations, Wildlife Alliance now operates six outposts in the ...
$500M Leaves Cambodia Illegally Each Year
Almost $500 million a year was taken out of Cambodia in “illicit financial flows” between 2001 and 2010, a report released yesterday in the U.S. claims. People in the Cambodian finance sector, however, expressed doubts about the accuracy of the figure, which appears in a report ...
http://www.cambodiadaily.com/business/500m-leaves-cambodia-illegally-each-year-6748/
Social Media Changing Cambodia’s Information Landscape
Changes in demography and technology have altered the behavior of Cambodian media consumers, with youth increasingly using social media platforms to share news and information. Pen Sophal, a graduate student in media management at Sweden’s Royal Institute of Technology, says print and electronic media outlets in ...
Construction Woes Plague Railway Project
The rehabilitation of Cambodia’s dilapidated railway network has encountered delays due to poor construction work and inappropriate surveying methods when making plans to lay down tracks, according to a draft review of the ongoing $140 million project conducted by the Asian Development Bank (ADB) and ...
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
Union leader details beating by soldiers
Taking the stand for the first time since his arrest at a garment worker protest that turned violent in early January, union leader Vorn Pao told the Phnom Penh Municipal Court on Tuesday that he went to the protest only to make peace and was ...
Eang Mengleng and Khy Sovuthy
http://www.cambodiadaily.com/news/union-leader-details-beating-by-soldiers-59221/
PAL still pursuing Cambodia venture
PAL Holdings Inc., the operator of flag carrier Philippine Airlines, said Wednesday it will pursue the plan to invest in Cambodia Airlines. The airline operator said in a disclosure to the stock exchange the “ongoing preparations for the completion of the contemplated joint venture agreement between ...
Lailany P. Gomez
http://manilastandardtoday.com/2014/02/13/pal-still-pursuing-cambodia-venture/
Loans and deposits up 30%
Outstanding loans and deposits made at Cambodian banks grew by 32 per cent and 28 per cent respectively at the end of March this year from a year earlier, according to data from the National Bank of Cambodia (NBC). The data from the NBC that the ...
http://www.phnompenhpost.com/2013053065929/Business/loans-and-deposits-up-30.html
Brown Coffee Chain Expands With Third Store
What do three Cambodian teenage girls, a French T-shirt designer, a Japanese doctoral student and a Cambodian businessman have in common? On Thursday afternoon, they were all captured by the appeal of BRow Coffee and Bakery on street 214. The value of this crowd of ...
Fashionistas Plan Extravanganza in Cambodia
2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...
World Bank Urged To Review Policies in Places Like Cambodia
The World Bank is under pressure to review some of its policies around the world to ensure that in countries like Cambodia it is not funding the wrong projects. In a discussion at George Washington University this week, panelists said the World Bank is needed for ...
Royal Group gets exclusive steel deal from Posco
Yong Sheng Global Trading, a subsidiary within the Royal Group conglomerate, signed an exclusive partnership agreement with Posco SS-Vina, a Vietnamese-based steel company, for exclusive distribution rights of construction materials on Tuesday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/royal-group-gets-exclusive-steel-deal-posco
Royal Group submits plan for coal-fired plant
New details have emerged on Royal Group’s ambitions to expand its energy portfolio after a government official clarified that Cambodia’s biggest conglomerate is seeking to develop its own coal-fired power plant, rather than finance an existing one. ...
Kali Kotoski
http://www.phnompenhpost.com/business/royal-group-submits-plan-coal-fired-plant
Royal Group to Take Stake in Mining Project
A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...
Threat of National Assembly Boycott Presents Royal Conundrum
Despite the opposition CNRP’s ongoing threats to boycott the opening of parliament next Monday, the National Assembly on Tuesday officially announced that King Norodom Sihamoni will open the first session of the new legislature as scheduled. “On Monday, September 23, at 8 o’clock in the morning, ...
Zsombor Peter
http://www.cambodiadaily.com/elections/threat-of-national-assembly-boycott-presents-royal-conundrum-42593/