City's Water Authority Open to Bids
The Phnom Penh Water Supply Authority (PPWSA) will begin taking bids from investors tomorrow in order to determine the price and number of shares it will issue during its long-awaited initial public offering on Cambodia’s stock exchange, the company’s general director said yesterday. Investors will ...
Rocket Internet blames poor tax compliance for pullout
Rocket Internet, the successful German-based internet copycat, says that despite its interest in Cambodia’s e-commerce market, tax issues in the Kingdom had forced it to “reposition” its projects. In July, the company launched an online retail site, saying it planned to invest millions in the country’s ...
Rice exporter turns to Cambodia
Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...
http://www.bangkokpost.com/breakingnews/332629/disillusioned-rice-exporter-turns-to-cambodia
Neglecting to conduct good market research is hurting SMEs in Cambodia
A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Chinese tourists warned of expensive counterfeits in Siem Reap
PHNOM PENH (The Cambodia Herald) — Chinese Tourism companies have warned their citizens visiting Siem Reap province not to buy gifts or souvenirs from vendors for fear of expensive counterfeit products. A tourist guide in Ankor Wat, Siem Reap said that this happens a lot because ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzFkMGQwMzM1YmM
Snake Island plans back to the drawing board
A development company with a government concession for a high-end property project on the island of Koh Pos, also known as Snake Island, has announced that it will significantly alter its original plans for the project. The new plan, which must first be submitted for ...
Siv Meng
http://www.phnompenhpost.com/real-estate/snake-island-plans-back-drawing-board
Salt farmers fear little output due to rainfall
As salt farmers in Kep and Kampot provinces prepare for the upcoming salt season, they have expressed concerns that unstable weather conditions could cause a supply shortage on the growing domestic market. Salt production in Cambodia usually starts in early January and ends in late ...
Chan Muy Hong
http://www.phnompenhpost.com/business/salt-farmers-fear-little-output-due-rainfall
Sea Festival fails seafood vendors
Droves of seafood sellers descended on the normally sleepy Kep province this past weekend, attempting to capitalise on a tourism festival set up to drive dollars to Cambodia’s coastal areas. But overcrowding and blocked roads pushed prices down and kept customers away, according to vendors. The ...
Hor Kimsay
http://www.phnompenhpost.com/business/sea-festival-fails-seafood-vendors
Office space demand up slightly in Q4 2013
Demand for office space in Phnom Penh in the fourth quarter of 2013 grew by five per cent over the previous quarter, according to research by local property services provider VTrust Property Company. VTrust deputy director Chrek Soknim said that growth in Q4 of last year ...
Sum Manet
http://www.phnompenhpost.com/real-estate/office-space-demand-slightly-q4-2013
PPWSA makes pitch to investors before IPO
Trading on the Cambodian Securities Exchange should begin at the end of March as the Kingdom’s first stock, Phnom Penh Water Supply Authority, prepares to consult and share information with potential investors this week. The company would host a “roadshow” for investors in anticipation of its ...
Another power deal for senator
The opposition has raised conflict-of-interest concerns over another agreement headed to the National Assembly today guaranteeing the government will buy electricity from a power plant to be constructed by a company owned by ruling party Senator Lao Meng Khin. However, it was unclear yesterday whether the ...
Kingdom relieved after US internet law fails to pass
The postponement of two US internet piracy bills last week was met with relief by human rights and media experts in Cambodia, who say the overreaching grasp of the proposed legislation would hinder the internet’s progress and growth in the Kingdom. The US House of Representative’s ...
In Need of Power, Phnom Penh Blacks Out
Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...
Obtain quality certification, rubber industry owners told
The Ministry of Agriculture, Forestry and Fisheries has called on rubber industry owners to obtain quality certification for their product to boost rubber prices. The ministry’s director of the Department of Administration and Legislation under the ministry’s General Directorate of Rubber Khuon Phalla spoke to ...
Thou Vireak
https://www.phnompenhpost.com/business/obtain-quality-certification-rubber-industry-owners-told
Future Telecommunications Regulator Will Face Challenges
A lack of proper regulations, unrealistic market data and a constant stream of disputes between Cambodia’s mobile operators will likely hinder the country’s future telecommunications regulator from effectively governing the sector, according to a leading research firm. Without the enactment of telecommunications law, which is currently ...
Cost pressure squeezes Asian growth
I attended a meeting in Chengdu, Sichuan Province last week. The most frequent word mentioned by local officials and scholars there was “industry.” They are very proud that the number of local jobs created in Sichuan has now surpassed the number of workers leaving to ...
Alliance an advocate for industry
The executive committee of the Alliance of Rice Producers and Exporters of Cambodia, ARPEC, decided earlier this month to set up a commercial arm to help members get financing for a variety of rice-related activities. According to ARPEC secretary-general Hun Lak and deputy secretary-general David Van, ...
http://www.phnompenhpost.com/index.php/Special-Reports/alliance-an-advocate-for-industry.html
Rampant Smuggling Hurts Cigarette Industry
An increase in the amount of cigarettes smuggled into Cambodia has forced the country’s largest cigarette manufacturer to scale down production by nearly half, leaving local tobacco farmers with little choice than to sell their crop at a reduced price to Vietnam. According to Tola Ponlu, ...
Cambodia Hosts 44th ASEAN Economic Minister Meeting
The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward because this community is going smoother than other two ...