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
Marubeni powers into Cambodia
Marubeni Corp. said Monday that it would acquire a 20 percent stake in a Cambodia-based electricity generation and transmission business owned and operated by Malaysia’s Leader Group, marking Japan’s first foray into Cambodia’s power market. Leader Infrastructure Ltd. operates two 50 megawatt coal-fired power stations in ...
Kyodo News Staff
http://www.japantimes.co.jp/news/2014/06/02/business/marubeni-powers-into-cambodia/#.U4128fmSx8F
Port eyes public listing amid profits recovery
Sihanoukville Autonomous Port (SAP) could be ready to list on the Cambodian Stock Exchange (CSX) by mid 2015, the head of the state-owned enterprise says. Lou Kimchhunn, director-general at the port said he is awaiting evaluations of the business’s 2014 performance from an independent accounting firm ...
May Kunmakara
http://www.phnompenhpost.com/business/port-eyes-public-listing-amid-profits-recovery
Advans SA increases holdings in local MFI
Luxembourg-based Advans SA Group and two other foreign investors have increased their share holdings in local microfinance institution Amret, giving Advans a controlling stake in the company. Claude Falgon, executive director of Advans SA SICAR, said that since the first stake acquisition, the business had acquired ...
May Kunmakara
http://www.phnompenhpost.com/advans-sa-increases-holdings-local-mfi
New pier to attract tourists
Kampot province’s City Hall yesterday revealed plans for a new passenger pier to siphon more coastal tourism business from Thailand and Vietnam. Sim Vuthea, administrative director of Kampot City Hall, said the new $40 million passenger pier, which will be funded by the Asian Development Bank ...
Chan Muyhong
http://phnompenhpost.com/business/new-pier-attract-tourists
PM calls for greater collaboration among ministries
With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...
Ananth Baliga
http://www.phnompenhpost.com/pm-calls-greater-collaboration-among-ministries
New gas safety rules
As part of a new safety initiative, the Ministry of Mines and Energy will require all petrol station owners to present a certificate acknowledging that their businesses follow risk-prevention protocols. The directive came in response to a series of petrol fires and explosions that damaged property ...
Pech Sotheary
http://www.phnompenhpost.com/new-gas-safety-rules
Smooth road means more tourism for remote province
At the Coffee Resort in Sen Monorom, the capital of Mondulkiri province, business is booming. In just an hour, about 50 tourists, local and foreign alike, come through, ordering coffee or avocado shakes to go. Coffee beans and avocados grow well here, and now, thanks to ...
Phorn Bopha
http://bit.ly/1IgUL3l
GMAC, other textile associations mount pressure on brands to pay suppliers
Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...
Khmer Times Staff
https://www.khmertimeskh.com/50713331/gmac-other-textile-associations-mount-pressure-on-brands-to-pay-suppliers/
Cambodia Angkor Air ready to take-off
Cambodia Angkor Air, the national flag carrier, says its business operations are optimistic and well prepared in terms of strengthening domestic flights and expanding international flights, according to its chairman. ...
Sok Chan
https://www.khmertimeskh.com/50749135/cambodia-angkor-air-ready-to-take-off/
Ministry revamps self-assessment tax regime classifications
The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...
Sok Chan
https://www.khmertimeskh.com/50804495/ministry-revamps-self-assessment-tax-regime-classifications/
Four regional airports on shelf courtesy of pandemic
Plans to build new international airports have been put on hold as the Coronavirus pandemic continues to keep tourists and business travelers from visiting the Kingdom. ...
Michael Firn
https://www.khmertimeskh.com/50898872/four-regional-airports-on-shelf-courtesy-of-pandemic/
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
Government continues recovery measures against COVID-19 impacts
The Royal Government continues measures to mitigate the socio-economic fallouts of the COVID-19 pandemic and to support businesses to get back on track for the recovery stage. ...
Khmer Times Staff
https://www.khmertimeskh.com/50961812/government-continues-recovery-measures-against-covid-19-impacts/