Hun Sen Asks China for Loan to Build New Road
Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...
Port more active over nine months
Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...
http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html
The Siam Cement PCL : Siam Cement 3Q Net Profit Falls 13% but Meets Forecasts
Siam Cement PCL’s (SCC.TH) third-quarter net profit fell 13% as higher expenses and cost of sales weighed, but the fall in earnings at Thailand’s largest industrial conglomerate by revenue was in line with analysts’ expectations. Despite the profit decline, the conglomerate said before Wednesday’s earnings statement ...
Japanese delegation seeks business options
Some 140 Japanese investors arrived in Cambodia yesterday to meet with local government leaders and other stakeholders in an effort to boost economic cooperation between the two countries. According to the Japanese Embassy in Cambodia, the delegation arrived in the country yesterday afternoon, following a visit ...
http://www.phnompenhpost.com/2013020861255/Business/japanese-delegation-seeks-business-options.html
Second-hand, first in imports
Cambodia imported almost 10 times as many used clothes as new ones in the first 11 months of last year, according to statistics from the Ministry of Economy and Finance. Some 79,217 tonnes of used garments worth $61.5 million were brought in during that period, compared ...
http://www.phnompenhpost.com/2013030461731/Business/second-hand-first-in-imports.html
Malaysian firm plans 10-mw biomass plant
A Malaysian-base[d] energy service group has plans to spend roughly $10 million to build a biomass power plant in Cambodia. Wah Seong Corporation Berhad’s plant would have a production capacity of up to 10 megawatts, said the group’s chief executive, Chan Cheu Leong, in an article ...
http://www.phnompenhpost.com/2013040264825/Business/malaysian-firm-plans-10-mw-biomass-plant.html
Poipet Casino Grand Opening set for Next Month
U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...
http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/
ADB Says Hydropower Growth Won’t Match Need for Oil, Coal
Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...
http://www.cambodiadaily.com/news/adb-says-hydropower-growth-wont-match-need-for-oil-coal-28794/
Micro-life insurance on rise
When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...
http://www.phnompenhpost.com/2013060466033/Business/micro-life-insurance-on-rise.html
Thousands go on strike at factories
About 5,000 workers went on strike at the M&V garment factory in Kampong Chhnang province yesterday, adding to the list of incidents at the factory in the past two years that has also included mass faintings. Elsewhere, about 700 workers from the Pine Great (Cambodia) ...
http://www.phnompenhpost.com/2013050965503/National/thousands-go-on-strike-at-factories.html
Cambodia-U.S. bilateral trade up 2 pct
Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...
The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct
Officials demanded bribes, teacher say
A teacher at Tea Chamrath High School in Pursat town has accused school director Bou Sovannarith and deputy director Chhub Buntha of forcing students to pay bribes in the form of, among other things, enrolment fees for matriculation into the 2013-2014 academic year. Phat Malin, the ...
Mom Kunthear
http://www.phnompenhpost.com/national/officials-demanded-bribes-teacher-says
Cambodia flood death toll climbs to 122
The death toll from Mekong River and flash floods in Cambodia has risen to 122 in the past four weeks, a senior disaster control official said Monday. “To date, the floods have killed 122 people and affected some 1.5 million people,” Nhim Vanda, vice-president of the ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/14/c_132797207.htm
IMF Predicts Country’s Economy to Grow 7%
The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
Profits peeled at new centre
A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...
Hor Kimsay
http://www.phnompenhpost.com/business/profits-peeled-new-centre
Country’s first Japanese news website launched
Thmey Thmey online news website on Wednesday launched a Japanese-language version of the site to help illuminate the world of Cambodian politics and business for Japanese residents here, as well as those considering relocating or investing in the country. The news site, which was set up ...
Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/news/countrys-first-japanese-news-website-launched-58743/
Exports consistent for Cambodia’s ag sector
Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...
May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector
Khmer New Year tourism up in Siem Reap
A giant traditional sticky rice cake weighing two tons, the largest num ansorm ever made, was unveiled at the Angkor Wat temple complex in Siem Reap province yesterday as visitors flocked to the area to mark Khmer New Year. Visitor numbers for the three-day holiday ...
Hul Reaksmey
http://www.cambodiadaily.com/archives/khmer-new-year-tourism-up-in-siem-reap-56531/
Standoff in Areng Valley continues
Seven Chinese nationals were prevented from entering the Areng Valley in Koh Kong province yesterday as locals continued their standoff with the operator of the Stung Cheay Areng dam concession, villagers at the scene said. Ven Vorn, a community leader among those blocking a road used ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/standoff-areng-valley-continues
Report sees increasing foreign investment in industrial sector
The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...
Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector