No Cause for Concern - Experts not worried about decrease in fixed-asset investment
At first glance, the numbers indicAte Cambodia’s investment climAte has grown a little colder. Conditions appear to be worse than they were a year ago due to a big drop in total fixed assets for approved investment projects. However, economists say the Cambodia outlook is actually ...
Vehicle Imports up 45 pct in first half
Ministry of Commerce officials maintained that low import taxes and increased demand from consumers were the causes behind the 45.26 increase in vehicle imports in the first half of 2012 compared to the same period last year. The data showed 486,827 vehicles, of all makes and ...
China is promoting the yuan for settling trade deals with the Kingdom
Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...
Boss commits royal blunder
A Chinese factory manager sparked a near-riot in Phnom Penh yesterday morning after publicly destroying two photos of the late King Father in front of hundreds of workers. More than a thousand employees of the Top World garment factory launched an immediate strike, and threatened to ...
http://www.phnompenhpost.com/index.php/2012102359368/National-news/boss-commits-royal-blunder.html
US Seeks Infrastructure Deals in Cambodia
Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...
http://www.cambodiadaily.com/business/us-seeks-infrastructure-deals-in-cambodia-7945/
Cambodian miner Khmer Resources plans to tap Hong Kong capital market
Khmer Resources Investment, which is backed by the Cambodian government, aims to list in Hong Kong within two years, chairman Cao Yunde said. “We intend to leverage the capital market of Hong Kong to finance our growth through a public listing so as to maximise the ...
Kingdom’s small auto industry likely to expand as AEC looms
The Cambodian automotive industry will expand after the Kingdom’s integration into the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015, thanks to the free flow of goods within the bloc and Cambodia’s competitive advantage as a low-cost manufacturer, according to Cambodian Commerce ...
Malaysian motos to enter market
Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the ...
http://www.phnompenhpost.com/business/malaysian-motos-enter-market
Last Three Kratie Province ‘Secessionists’ Released from Prison
It was not the hero’s welcome that greeted Mam Sonando when more than a thousand boisterous supporters cheered his release from Prey sar prison Friday and lifted the popular radio station owner onto their shoulders for an impromptu parade. But for the three unheralded farmers caught ...
Cambodia Lacks Research Enough To Tackle Its Problems, Analysts Say
Not enough priority is given to research in Cambodia, threatening its long term development, economists and other experts say. Larry Strange, executive director of the Cambodian Development Research Institute, says the country cannot plan for major reform, build its economy, or reduce poverty without proper analysis ...
British Minister kicks off SE Asia tour in Cambodia
Britain’s Minister of Trade and Investment Lord Green is starting his two week visit to Southeast Asia, to promote opportunities for British businesses, in Cambodia Monday, June 10, 2013. The promotion of British businesses is part of a larger effort to enhance the support available to ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjM3MDY2YzIyODJ
Telecom CEOs Say Debts to Mfone Are Far Less
Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court. “We do owe Mfone money, ...
http://www.cambodiadaily.com/business/telecom-ceos-say-debts-to-mfone-are-far-less-34630/
NEC Says Don’t Believe Reports, Wait for Election Results
By 8 p.m. on the day of the July 28 election, Information Minister Khieu Kanharith was declaring victory for Prime Minister Hun Sen’s CPP with 68 seats to the opposition’s 55. In the days that followed, preliminary results released by the National Election Committee (NEC) arrived ...
Kuch Naren and Lauren Crothers
http://www.cambodiadaily.com/elections/nec-says-dont-believe-reports-wait-for-election-results-38702/
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 ...
http://www.cambodiadaily.com/news/massive-power-outage-triggered-by-falling-tree-26557/
Election worries for tourists
Chris Leyland had forgotten about Cambodia’s national elections when he made plans to travel into Phnom Penh from Vietnam with Jess Jackson, 34, and her two children. Had Leyland, a 41-year-old from oxford, UK, remembered that it wasn’t going to be a normal weekend in Cambodia, ...
http://www.phnompenhpost.com/business/election-worries-tourists
Garlic leaves are a boon for farmer
Profitable income generation has many sources. Whether it requires work in an office, trading on the market or farming land – the outcome always depends on the innovation and effort of the individual. For Pring Leang, the sources are three small fields in Kampong Por village ...
http://www.phnompenhpost.com/business/garlic-leaves-are-boon-farmer
Cambodian opposition sues election body
Cambodia’s opposition said on Thursday that it had filed a lawsuit against the kingdom’s poll authorities over strongman Prime Minister Hun Sen’s disputed election win. The Cambodia National Rescue Party (CNRP) accused three top National Election Committee officials and their accomplices of faking voter names on ...
Pakistan Daily Times News Staff
http://www.dailytimes.com.pk/default.asp?page=2013%5C09%5C13%5Cstory_13-9-2013_pg4_3
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix COrp., Japan&rsquO;s tOp leasing cOmpany, has agreed tO buy a 6% stake in CambOdia&rsquO;s largest bank by assets, Acleda Bank PLC, accOrding tO peOple clOse tO the matter. It wOuld be the first investment by a majOr Japanese financial institutiOn in the SOutheast Asian cOuntry, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
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 ...
Daniel Pye and Vong Sokheng
http://www.phnompenhpost.com/national/budget-leaves-15b-unassigned
Rights Group Slams ‘Rampant Impunity’ in Cambodia
A Cambodian rights group said Wednesday that impunity is on the rise in Cambodia, hitting out at the authorities for failing to resolve a number of high-profile killings and bring the perpetrators to justice. Ahead of International Day to End Impunity on Saturday, the Cambodian ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/impunity-11202013182832.html