Printing industry growing in the region
The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...
SCB focus on Myanmar, Laos, Cambodia
Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...
http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia
Group Lease eyes Laos, Vietnam markets
Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year. Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company ...
http://www.bangkokpost.com/business/financialadvice/340373/group-lease-eyes-laos-vietnam-markets
$1.3m SEZ Japanese Restaurant Opens Doors
In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...
http://www.phnompenhpost.com/2013060366009/Business/1-3m-sez-japanese-restaurant-opens-doors.html
E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
Tourism not competitive
Cambodia ranks last in travel and tourism competitiveness among eight Southeast Asian countries, according to a recently published study by the World Economic Forum. The Travel and Tourism Competitiveness Report 2013, which excluded Laos and Myanmar, said Cambodia comes 106th out of 140 countries this year, ...
http://www.phnompenhpost.com/2013040964952/Business/tourism-not-competitive.html
Tate & Lyle Defends Sugar Plantation Deal In Koh Kong
A U.K. firm being sued by 200 Cambodian farmers over the loss of their land to two sugar plantations has defended its business dealings, claiming that the affected families were dealt with legally and were properly compensated for the loss of their properties. Local farmers ...
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
Summonsed seek delay
Scores of people in Preah Sihanouk province’s Kompong Seila district have asked the provincial court to delay proceedings in a case filed against them by three local businesspeople in September. The 88 people received summonses in September, but yesterday asked the court to postpone a hearing ...
May Titthara
http://www.phnompenhpost.com/national/summonsed-seek-delay
British expert trains Cambodian judges
The British Embassy in Phnom Penh on Monday sponsored a training course on company and insolvency law for 150 commercial judge trainees with the aim of supporting legal and judicial reform in Cambodia. The workshop is intended to train Cambodian commercial judge trainees on English ...
Global Times News Staff
http://www.globaltimes.cn/content/841609.shtml#.UvjnIdJmi1I
US broker partners with Korea's Tongyang Securities in Cambodia
US-based broker Decker and Co has announced a partnership with the Cambodian unit of South Korea’s Tongyang Securities Inc, one of only seven underwriters licensed by the Cambodia Securities Exchange. In a statement late Tuesday, Decker said partnerships with Tong Yang in Cambodia and BPI Securities ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjM5ZDFmOTBkOTM
IMF forecasts Cambodia's economy at 7.2 pct in 2014
Cambodia’s economy is expected to grow by 7.2 percent this year, and pick up to 7.5 percent next year, the International Monetary Fund (IMF) has said. The IMF hailed Cambodia for making good progress in achieving the Millennium Development Goals and reducing poverty substantially. It said ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/01/c_133087969.htm
Government to freeze bank accounts of four tardy tycoons
Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-to-freeze-bank-accounts-of-four-tardy-tycoons-65593/
Cambodia cleans up visas
Cambodia’s Ministry of Foreign Affairs has called on all embassies and consulates to accelerate visa application procedures and end all “unofficial” fees. Foreign Affairs Minister Hor Namhong said the government would crackdown on corruption related to the issue of visas. According to a Phnom Penh Post ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/01/cambodia-cleans-up-visas/
To honour Chut Wutty
Nearly two years have passed since Cambodia’s leading forestry activist, Chut Wutty, was gunned down in the Cardamom Mountains. After a long wait, more than 100 activists, supporters and monks will finally make the pilgrimage on Saturday to the spot where he was killed to pay ...
May Titthara
http://www.phnompenhpost.com/national/honour-chut-wutty
Poipet poor ‘bearing brunt of water woes’
A private utilities company owned by wealthy businessman and ruling Cambodian People’s Party Senator Kok An is fulfilling only about half of Poipet’s demand for clean water, despite being contracted to supply the whole town, according to the city governor. With priority for the distribution of ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-poor-%E2%80%98bearing-brunt-water-woes%E2%80%99
Biz guided to end corruption
Cambodia’s Anti-Corruption Unit (ACU) held its first consultation meeting with the private sector on Friday over a proposed new anti-corruption guidebook, encouraging firms to police themselves in the absence of any official regulation. According to Om Yentieng, head of the ACU, the new Guide on Anti ...
Chan Muyhong
http://www.phnompenhpost.com/business/biz-guided-end-corruption
Police chief accused in $678k corruption case
Hy Narin, the Meanchey district police chief arrested by the Anti-Corruption Unit (ACU) on Tuesday, was questioned on Thursday by the Phnom Penh Municipal Court over allegations that he stole more than $600,000 from the state and its citizens during his eight years as police ...
Khuon Narim
http://www.cambodiadaily.com/news/police-chief-accused-in-678k-corruption-case-68996/
No compensation for vendors at Old Market
The committee that runs Old Market in Phnom Penh told the owners of stalls that were gutted by a fire on Monday that they would receive no compensation and would have to rebuild their businesses themselves. Yun Chandara, director of the committee that oversees the ...
Sen David
http://phnompenhpost.com/national/no-compensation-vendors-old-market
Borey 999 investors anxious
The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...
Sum Manet and Hin Pisei
http://phnompenhpost.com/business/borey-999-investors-anxious