Cambodia Tourism Industry Fears Fallout From Election Uncertainty
Enterprises in Cambodia’s biggest tourism hub have called on Prime Minister Hun Sen and opposition leader Sam Rainsy to quickly resolve a festering election dispute that they say is threatening business prospects as tensions rise ahead of mass opposition protests next week. Travel companies ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/tourism-08302013144408.html
Petrol prices squeeze domestic consumers
Soaring prices for gasoline and goods have hurt some Cambodian consumers, causing what economists have said was a drop in the living standard of the Kingdom’s lower-income population. Gasoline traded at 5,300 riel per litre in Phnom Penh yesterday, an increase of about 12 percent ...
Gas prices at all-time high
Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...
Seoul looks abroad for farmland
The South Korean government is looking to procure farmland aboard, approximately 380,000 hectares by the year 2018. The government is providing assistance to companies that lease arable land or buy stakes in overseas operations and are looking for such potential in Cambodia as well as ...
Svay Rieng shooting victims get their say
The three young women wounded in last month’s factory shooting in Svay Rieng province will meet with provincial prosecutor Hing Bunchea today to give their account of the February 20 incident that has yet to produce an arrest warrant. Bun Chinda, 21, Nuth Sokhorn, 23, and ...
Ministry to crack down on fake service charges
Tourism sector businesses will be fined up to 300,000 riel ($75) if caught imposing “service charges” without first applying to the Ministry of Tourism, an announcement issued on Monday said. The ministry’s director of the tourism, accommodation and food and beverage (F&B) management, Kim Serey ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/ministry-crack-down-fake-service-charges
Three more BEEP centres open in Phnom Penh
The Labour and Education ministries, in collaboration with Unesco, yesterday jointly launched three more Basic Education Equivalency Programme centres in Phnom Penh for school dropouts to continue their education online. The new centres are at the National Institute of Entrepreneurship and Innovation, JVC Technical College ...
Sen David
https://www.khmertimeskh.com/50600369/three-more-beep-centres-open-in-phnom-penh/
Sihanoukville aims to reform tourism landscape
Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-aims-reform-tourism-landscape
Interior Minister says Preah Sihanouk boom could hit sea’s health
Interior Minister Sar Kheng on Wednesday claimed the recent influx of Chinese visitors to Preah Sihanouk province was raising concerns over the condition of ecosystems on the Kingdom’s coast. Speaking during a ceremony to appoint leaders to posts at both the National Authority for Combating ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/interior-minister-says-preah-sihanouk-boom-could-hit-seas-health
Rural road work continues to boost livelihoods
The Rural Development Ministry last year paved more than 40,000 kilometres of roads in rural areas to accommodate business travel. According to the ministry’s annual report, in 2018 ministry officials worked with development partners to pave 39,045 kilometres of dirt road, 165 kilometres of asphalt ...
Sen David
https://www.khmertimeskh.com/50574457/rural-road-work-continues-to-boost-livelihoods/
‘Life goes on’ if Cambodia loses Everything But Arms
Cambodia’s business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in mid-August, ...
Husain Haider
https://www.phnompenhpost.com/national/life-goes-if-cambodia-loses-everything-arms
PM: Utility bill to be separated
Prime Minister Hun Sen on Tuesday ordered that waste collection fees be removed from electricity invoices issued by Cambodian national utility company Electricite du Cambodge (EdC). The decision will take effect from January. The move came a day after the government revoked the business licence ...
Long Kimmarita
https://www.phnompenhpost.com/national/pm-utility-bill-be-separated
Change of the guard
With the ASEAN Economic Community (AEC) expected to intensify business competition across the region, Thailand’s biggest industrial conglomerate expects to rise to the challenge under a new leader.Kan Trakulhoon is retiring as president and chief executive of Siam Cement Group (SCG) after a decade at ...
Nareerat Wiriyapong
http://www.bangkokpost.com/business/news/808916/change-of-the-guard
Turkish brands seek expansion in Cambodia
Turkish cosmetics brands looking to push further into the Southeast Asian market have met in the Cambodian capital, an embassy official said Wednesday. A joint economic commission was also set up that month by Cambodian Commerce Minister Sun Chanthol and Turkey’s Minister for Science, Industry ...
Lauren Crothers
http://aa.com.tr/en/turkey/turkish-brands-seek-expansion-in-cambodia/484526
Microfinance success stories from the countryside
When Chheung Rattana was married a few years ago, the only thing she and her new husband inherited from their families was a small plot of land to grow rice on. It was a tough start for the newlyweds, who decided that the only way ...
May Kunmakara
http://www.khmertimeskh.com/news/22923/microfinance-success-stories-from-the-countryside/
Postal service to launch e-commerce
The state-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity. Ork Bora, director-general of the Cambodia Post, told Khmer Times yesterday that after about a year of studying e-commerce, the state-owned enterprise decided ...
May Kunmakara
http://www.khmertimeskh.com/news/33904/postal-service-to-launch-e-commerce/
PTT prepares 800 million baht for expansion into Cambodia, Laos
The PTT Public Company Limited is looking to invest 800 million baht in energy business expansion in Cambodia and Laos in the next five years. The PTT planned to open 4-5 more gas stations in Laos and Cambodia each. The Thai energy giant already has 14 ...
Cambodia Least Competitive in Region on Global Index
Cambodia is the one of the least competitive countries in the region, hampered by corruption, a poorly educated workforce and inefficient government, according to a recent study. The annual Global Competitive Index, conducted by the World Economic Forum, showed a large uptick in reported corruption for ...
http://www.voacambodia.com/content/cambodia-least-competitive-in-region-on-global-index/1559776.html
Factory Workers Continue to Strike for Higher Wages
About 4,000 garment workers from factories that produce clothing for international brands H&M, Gap and Levi Strauss continued protesting yesterday in Phnom Penh for higher wages, union representatives said. Singaporean-owned SL Garment Processing (Cambodia) Ltd. parked three large trucks in front of their Meanchey district factories ...
BoC is set to expand after rapid growth
Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...
http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html