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Business Registrations Up 10.8% in First 6 Months

The number of new businesses registered in Cambodia through the first six months of 2012 reached 1,694, an increase of 10.86 percent compared to the same period last year, according to figures released on Tuesday by the Ministry of Commerce. ...

Labor unions, associations not allowed to celebrate Labor Day at Freedom Park

Phnom Penh City Hall has refused labor unions and associations to celebrate 128th International Labor Day (May 1) at Freedom Park. The decision was made during a meeting on Thursday between representatives of labor unions, association and Phnom Penh City Hall officials. ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzFjZmRmZjg4ODE

Slow start for GTI as public firm

Grand Twins International (GTI) ended trading yesterday with a slight decline. The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening. ...

Eddie Morton
http://www.phnompenhpost.com/business/slow-start-gti-public-firm

Estimated $900k damage after factory blaze

The cost of a blaze that ripped through a backpack factory in Phnom Penh’s Dangkao district last Tuesday amounted to almost $1 million, an administrator at the factory said Monday. ...

Sek Odom
http://www.cambodiadaily.com/news/estimated-900k-damage-after-factory-blaze-67745/

Cambodians in Washington fundraise for children’s hospital

Cambodians in Washington raised more than $15,000 for the Kantha Bopha Hospital on Saturday, at an event sponsored by the Cambodian Embassy. ...

Sophat Soeung
http://www.voacambodia.com/content/cambodians-in-washington-fundraise-for-children-hospital/2491065.html

Wat Phnom to be restored

The Phnom Penh municipality is finalising plans for a potential $1 million renovation of Wat Phnom, City Hall spokesman Long Dimanche said yesterday. The project, which will commence at an unspecified date, will focus on combating hillside erosion while restoring worn-out structures. ...

Taing Vida
http://www.phnompenhpost.com/wat-phnom-be-restored

Shoot-out after Laotians snared in drug sting

Stung Treng provincial military police and at least four Laotian drug smugglers exchanged gunfire along the Lao border Tuesday after a man was arrested for attempting to sell more than 1.5 kg of crystal methamphetamine to undercover officers, an official said Wednesday. ...

Saing Soenthrith
https://www.cambodiadaily.com/news/shoot-out-after-laotians-snared-in-drug-sting-78704/

We want your business, UN tells local firms

The $1.6-billion Untac mission of the early 1990s injected a huge amount of money into Cambodia’s economy. Now, the U.N. wants to pump millions more into the country—this time by buying up the offerings of local businesses. ...

Kang Sothear and Chris Mueller
https://www.cambodiadaily.com/news/we-want-your-business-un-tells-local-firms-85035/

Mekong industrial belt taking shape

Backed by their government, Japanese firms are pressing ahead with plans to link the burgeoning industrial complexes that line a 1,700-kilometer economic corridor that runs from Ho Chi Minh City, Vietnam, to a massive new port being constructed in Dawei, Myanmar. ...

Cam McGrath and Phun Chan Ousaphea
http://www.khmertimeskh.com/news/13018/mekong-industrial-belt-taking-shape/

SME Bank announces loans for tourism sector

SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...

Sok Sithika
https://www.khmertimeskh.com/501105841/sme-bank-announces-loans-for-tourism-sector/

Announcement on 6 new positive COVID-19 cases of Cambodian-Muslim who attended religious ceremony in Malaysia and 3 positive case of Malaysian

On 17 March 2020, the Ministry of Health issued an announcement on the finding of 09 positive COVID-19 cases , six of which are Cambodian-Muslim who recently returned from religious ceremony in Malaysia and three cases are Malaysian males. These include:1. In Siem Reap province: ...

Ministry of Health

Download: pdf

After Thai floods, flow of migrant labor soars

Thailand’s ongoing recovery efforts from recent flooding have led to a resurgence in the country’s demand for labor, resulting in a record number of Cambodian migrants crossing the border in search of work, officials and experts said yesterday. Ouk Keorattanak, Banteay Manteay provincial deputy administration chief, ...

Rampant Smuggling Hurts Cigarette Industry

An increase in the amount of cigarettes smuggled into Cambodia has forced the country’s largest cigarette manufacturer to scale down production by nearly half, leaving local tobacco farmers with little choice than to sell their crop at a reduced price to Vietnam. According to Tola Ponlu, ...

Commune Vote Predictable, but Margins Less So

With Sunday’s commune elections quickly approaching, the five main political parties are all predicting substantial gains over how they faired in the last election in 2007, though none deny that the ruling Cambodian People’s Party (CPP) will continue to dominate the polls. And with the entrance ...

Asian tourist numbers up, profits stagnant

The growth in international tourists visiting Cambodia is almost 27 per cent that of the numbers seen during the first six months of 2011, according to tourism officials who are predicting that the growth may be 25 per cent at the end of this year. Visitors ...

http://www.phnompenhpost.com/index.php/2012080757845/Business/asian-tourist-numbers-up-profits-stagnant.html

Cambodia Moves Up in World Bank Report

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

At 10th Anniversary, Arbitration Council Faces Funding Shortage

The Arbitration Council, an independent body that resolves labor disputes in Cambodia’s garment sector, celebrated its 10th anniversary yesterday, though officials expressed concern that funding for the body was due to run out in March next year. Oum Mean, secretary of state at the Ministry of ...

http://www.cambodiadaily.com/news/at-10th-anniversary-arbitration-council-faces-funding-shortage-25887/

Thai AirAsia on Siem Reap price war

Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...

http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route

On World Environment Day, a Call to Save Cambodia’s Forests

About 200 people celebrating World Environment Day on Wednesday gathered in front of the National Assembly to submit a petition asking the government to stop the destruction of Cambodia’s forests. A report released by the WWF last month said that Cambodia has lost almost a ...

http://www.cambodiadaily.com/news/on-world-environment-day-a-call-to-save-cambodias-forests-29329/

MFI loans, deposits continue to increase

Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...

http://www.phnompenhpost.com/business/mfi-loans-deposits-continue-increase

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