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Imported Delays Cap Pharma Growth

Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...

http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html

Not all app stores online

Smartphones and the accompanying online stores that sell applications for them may be gaining ground across emerging markets, according to a study conducted by a London-based telecommunications research and analysis firm, but Cambodia’s market is limited by a lack of places to legitimately purchase apps, ...

http://www.phnompenhpost.com/index.php/2012081357948/Business/slow-demand-for-paid-phones-apps.html

Cambodian farmers squeezed out

Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...

http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out

Garment firm to list on CSX

The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...

http://www.phnompenhpost.com/2013020761223/Business/garment-firm-to-list-on-csx.html

Cambodia enters global marketplace, stock trading begins

After a string of false starts, Cambodia’s stock market finally started trading on Wednesday, marking a significant step forward for an impoverished country blighted by corruption and scarred by decades of civil war. But on Wednesday, traders were reaping fast gains as the price of ...

http://www.reuters.com/article/2012/04/18/cambodia-bourse-idUSL3E8FH30X20120418

Concern Over Chinese Investment

Cambodia’s largest opposition party has expressed concern that China’s investment in the country is heavily skewed towards exploiting natural resources, wreaking havoc on the environment. China is Cambodia’s largest investor by a wide margin, having poured U.S. $9.7 billion into the country over the past 18 ...

http://www.rfa.org/english/news/cambodia/china-02072013175545.html

Government tells telcos off

The Telecommunication Regulator of Cambodia (TRC) of the Ministry of Posts and Telecommunications issued warning letters to mobile operators Beeline and Smart over their recent advertisement, stating it violates the Inter-Ministerial Prakas, or edict, signed in 2009. The separate letters, obtained by the Post last week, ...

http://www.phnompenhpost.com/2013040864932/Business/government-tells-telcos-off.html

Call for Arsenal to Drop Links With Rubber Firm

An online petition has been launched calling on English Premier League football club Arsenal to break its ties with a Vietnamese rubber company accused of land grabbing and deforestation in Cambodia. A report by London-based Glob­al Wit­ness this month named Hoang Anh Gia Lai (HAGL) as ...

http://www.cambodiadaily.com/news/call-for-arsenal-to-drop-links-with-rubber-firm-26801/

Sales of palm sugar not so sweet

Sales of Cambodia’s World Trade Organization-certified palm sugar from Kampong Speu province dipped to 12 tonnes at the end of the harvest season this year, about a 30 per cent decline from 2012. Two districts with palm trees in Kampong Speu province were granted geographical indication ...

http://www.phnompenhpost.com/business/sales-palm-sugar-not-so-sweet

Porsche seeks niche among Cambodia’s newly-rich

The wizened cyclo driver, cigarette in mouth, muscles taut from pedalling up and down French-style boulevards, is one of Indochina’s enduring romantic images. But cyclos on the streets of Phnom Penh are now outnumbered by another means of transport: the luxury car. But with the urban ...

http://www.gulf-times.com/asean-philippines/188/details/355586/porsche-seeks-niche-among-cambodia%E2%80%99s-newly-rich

Thousands of workers in Cambodia march for pay rise on Int'l Labor Day

About 5,000 Cambodian workers took to the street on Wednesday to mark the International Labor Day, calling for pay rise, better labor conditions and decrease in petrol prices, a union representative said. Marchers, mostly garment workers, held banners and walked from the Freedom Park near the ...

http://news.xinhuanet.com/english/world/2013-05/01/c_132352087.htm

Tata moves in on agriculture

India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector. Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), ...

Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture

Mercedes-Benz Distributor to Halt Repairs on Illegal Imports

Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...

Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/

Open skies policy examined

Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...

Eddie Morton
http://www.phnompenhpost.com/business/open-skies-policy-examined

Poor urban renters a ‘forgotten demographic’

When Hay Bunny left her home in Prey Veng province some five years ago to find a job in Phnom Penh, she was not expecting to wind up living in a small tin shack hemmed in by dozens of nearly identical dwellings on a single ...

Holly Robertson and Ouch Sony
http://www.cambodiadaily.com/news/poor-urban-renters-a-forgotten-demographic-72322/

Cambodian opposition power figure Mu Sochua relishes election fight

Outspoken female MP takes battle to Hun Sen’s ruling party as Cambodia goes to the polls. She is brave, eloquent and defiant in a country where government critics have been detained, imprisoned and sometimes killed for speaking out. Now Mu Sochua, Cambodia‘s leading female opposition MP, ...

http://www.guardian.co.uk/world/2013/jul/26/cambodian-opposition-mu-sochua-election

PPAP share offer fully subscribed

Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, successfully raised $5.2 million in an initial public offering that was more than 1.4 times oversubscribed, its underwriter said yesterday.Subscription for 4.1 million shares, a 20 per cent stake, of the port ...

Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/ppap-share-offer-fully-subscribed

National products chase GI recognition

A lack of funds would prevent Cambodia registering some of the country’s specialty products as geographic indications (GI), a form of international recognition that has boosted the sales of other domestic products such as Kampong Speu palm sugar. The government would like to see Siem Reap ...

http://www.phnompenhpost.com/index.php/2012030754890/Business/national-products-chase-gi-recognition.html

Telco Axiata strengthens regional hold, controls 34% of Cambodian market post-acquisition

Being one of the biggest Asian telecommunications companies with operations across ten countries, Axiata Group Bhd has flexed its muscles to firm its grip on the Cambodian market After the acquisition of its rival Latelz Co Ltd, the second-largest mobile operator with a 21% market share ...

http://biz.thestar.com.my/news/story.asp?file=/2012/12/17/business/12469671&sec=business

PPWSA up 48 per cent on first day

By the time Deputy Prime Minister Keat Chhon closed the first session of the Cambodian Securities Exchange yesterday morning, shares in Phnom Penh Water Supply Authority, the Kingdom’s first domestically listed company, were just shy of soaring 50 per cent. Institutional and retail investors traded 487,110 ...

http://www.phnompenhpost.com/index.php/2012041955648/Business/ppwsa-up-48-per-cent-on-first-day.html

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