ADB approves $60 million loan for skills training
Asian Development Bank yesterday approved a $60 million loan to Cambodia to boost labor skills and competitiveness and help the government’s efforts to transit the economy into a skills-driven one. Cambodia is ranked 110th out of 140 economies in the 2018 Global Competitiveness Report, based on ...
May Kunmakara
https://www.khmertimeskh.com/50617576/adb-approves-60-million-loan-for-skills-training/
Timber firms face action
The government has said it will revoke the business licences and immediately halt the operations of five companies in Mondulkiri province’s Koh Nhek district if they are found to be involved in forestry crimes. The warning came as authorities probe the companies’ alleged involvement in logging ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/timber-firms-face-action
Singapore’s Ascott moves into Phnom Penh
CapitaLand’s wholly owned serviced residence business unit, Ascott Limited, has entered the Cambodian market with a contract to manage Somerset Norodom Phnom Penh, the company announced on Friday.“With our entry into Cambodia, Ascott is now present across nine out of 10 countries in ASEAN,” Ascott ...
Sum Manet
http://www.khmertimeskh.com/news/17144/singapore---s-ascott-moves-into-phnom-penh/
Trade fair to cement India-Cambodia ties
In order to further promote trade between India and Cambodia, Phnom Penh will host an Indian trade fair next month, the Commerce Ministry announced. Organized in collaboration between the Indian and Cambodian chambers of commerce, the event is intended to further develop ties between businesses in ...
Chea Vannak
http://www.khmertimeskh.com/news/28743/trade-fair-to-cement-india-cambodia-ties/
Wing to handle gov’t fees
In an effort to increase transparency and accuracy, the payment of fees for government services such as business and vehicle registration, and taxes in the future, is now being handled by Wing Specialized Bank, the Commerce Ministry announced yesterday. A memorandum of understanding (MoU) was signed ...
May Kunmakara
http://www.khmertimeskh.com/news/29819/wing-to-handle-gov---t-fees/
Direct Japan fights start
Landing at 3:10pm yesterday, the All Nippon Airways (ANA) Boeing 787-8 marked the first direct flight between Tokyo and Phnom Penh in seven years. The daily service will make for a much shorter – and hassle free – journey, and boost business and tourism, officials said ...
Sum Manet
http://www.khmertimeskh.com/news/29258/direct-japan-flights-start/
Cambodia regulator to cancel inactive telecom licenses
The Telecom Regulator of Cambodia (TRC) has urged 34 domestic telecom operators and ISPs to submit their business performance reports by end-November. The watchdog plans to ensure the companies comply with their licensing agreements, Khmer Times reports, citing Im Vutha, director of regulation at TRC. ...
Telecompaper News Staff
http://www.telecompaper.com/news/cambodia-regulator-to-cancel-inactive-telecom-licenses--1114622
Local SMEs keen to replace Thai, Vietnamese imports
Cambodian businesses are joining forces in an attempt to increase production and reduce the country’s dependence on imports. The Federation of Association for Small and Medium Enterprises of Cambodia, the Ministry of Industry and Handicraft, and the Cambodia Chamber of Commerce plan to encourage small ...
Sok Chan
http://www.khmertimeskh.com/news/18174/local-smes-keen-to-replace-thai--vietnamese-imports/
Workers demand outstanding wages
Up to 90 former workers from defunct Korean-owned Keohwea International Garment Factory gathered in front of the vacant factory building in Kampong Speu’s Kaheng commune yesterday morning to demand that the owner of the building sell the machinery left there by the Korean business owner, ...
Pav Suy
http://www.khmertimeskh.com/news/18952/workers-demand-outstanding-wages/
US-Cambodia relations to stay strong
As business mogul and reality television personality Donald Trump was announced as the next president of the United States yesterday, Cambodian political figures called for continued good relations. Shortly after president-elect Trump gave his victory speech in New York yesterday afternoon, Cambodian Prime Minister Hun Sen, ...
Taing Vida
http://www.khmertimeskh.com/news/31900/us-cambodia-relations-to--stay-strong/
Taiwan Cooperative Bank to open Cambodia branch
Taiwan Cooperative Bank, the banking arm under Taiwan Cooperative Financial Holding Co. Ltd., received the green light from Cambodia’s central bank to open a branch in the capital city of Phnom Penh, the bank said Saturday. Cambodia, a member of the Association of Southeast Asian Nations, ...
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201209080024
Vinci sees more airport opportunities
French construction and concessions group Vinci expects to see considerably more opportunities to acquire airport concessions in the next two years, its chief executive said on Thursday Vinci’s concessions unit, the operator of nine regional airports in France and Cambodia’s three main airports, is keen on ...
http://www.reuters.com/article/2012/09/20/vinci-acquisitions-idUSL5E8KK43020120920
As Tensions Grow, Residents Pitted Against Authorities, ‘Not Companies’
Boeung Kak and Borei Keila villagers embroiled in longstanding land disputes with two private companies in Phnom Penh say the authorities are protecting business interests over the public, as thousands of families lose their homes under forced evictions. This has turned the protesters and government officials ...
Thai prices ease as intervention distorts regional trade
Thailand’s rice intervention scheme is distorting trade around Southeast Asia, attracting rice smuggled from neighbouring countries into Thai government stockpiles, but genuine business remains slack and Thai prices have fallen this week. Cheap rice from Cambodia and Myanmar is finding its way into Thai government warehouses ...
Telecom Group Vimpelcom Hires Adviser to Help Sell Beeline
United Arab Emirates-telecoms group Vimpelcom has hired Standard Chartered to advice it on the sale of its business in Cambodia, Laos, Burundi, Zimbabwe and the Central African Republic, two people familiar with the matter said. New York-listed Vimpelcom wants to focus on its largest markets of ...
Maybank IB eyes Cambodia, Laos capital markets
Maybank Investment Bank Bhd (Maybank IB) plans to leverage on its parent, Malayan Banking group’s presence in Cambodia, Laos to penetrate their capital markets there. Maybank IB chief executive officer Tengku Datuk Zafrul Abdul Aziz said on Monday he was looking at organic growth for the ...
Ng Bei Shan
http://www.thestar.com.my/Business/Business-News/2013/08/26/Maybank-IB-eyes-Cambodia-Laos-capital-markets.aspx
Ministry shake-up as AEC integration looms
The Ministry of Commerce is undergoing an internal shake-up to better position itself for the opening up of trade across the region. Commerce Minister Sun Chanthol told the Post yesterday that ahead of Asean Economic Community (AEC) integration in 2015, new divisions were being established and others realigned ...
Daniel de Carteret
http://www.phnompenhpost.com/business/ministry-shake-aec-integration-looms
Malaysian trade exhibition kicks off in Cambodian capital
The fifth edition of a Malaysian trade exhibition kicked off here on Tuesday, aiming to further promote bilateral trade and investment ties, officials said. The three-day event, held at the Diamond Island Exhibition Center, features 62 Malaysian companies from diverse sectors including construction, business services, industrial ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-06/12/c_133402783.htm
CPP, CNRP negotiation at standstill
The Cambodian People’s Party and the opposition Cambodia National Rescue Party haven’t yet initiated new meetings as they are busy campaigning for upcoming city, provincial and district council election. An opposition official called the current political situation as deadlock, but is denied by the ruling party, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=YjQ1MjZmMjdhMmY
Land fight in Kampong Speu
Some 250 families in Kampong Speu province’s Phnom Sruoch district have sought intervention from rights group Adhoc to help resolve a land dispute involving a business they allege is headed by the son of former provincial governor Kang Heang. Families from three villages say Heang, who ...
May Titthara
http://www.phnompenhpost.com/national/land-fight-kampong-speu