Economy and commerce

Economic policy and administration

Temple may be heritage site

Sambor Prei Kuk, the seventh-century temple of the pre-Angkorian Chenla Kingdom built by Isanavarman I, is to be submitted for consideration as a World Heritage Site to UNESCO. The announcement came yesterday at a seminar on research and conservation on the temple complex, the most important ...

Chhay Channyda
http://www.phnompenhpost.com/national/temple-may-be-heritage-site

Cambodia looks to be winner for growth for AEC: ILO

Cambodia stands to be the biggest beneficiary, in terms of GDP growth, for the first decade following ASEAN Economic Integration in 2015, according to a study released publicly today by the International Labour Organisation (ILO). The ILO’s 160-page report says Cambodia could see a 19.9 per ...

Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-looks-be-winner-growth-aec-ilo

Muang Thai maps out expansion plan

Muang Thai Insurance is looking at acquiring portfolios from non-life insurers and selling non-life products to individuals in neighbouring countries as part of its plan to keep its premium income growing by 15 per cent annually in the next three to five years. “The merger model ...

Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Muang-Thai-maps-out-expansion-plan-30241197.html

Cambodia to establish int'l committee for safeguarding, developing world heritage Preah Vihear

ambodia is working with UNESCO to form an International Coordinating Committee for the Safeguarding and Development of the Historic Site of Preah Vihear (ICC-Preah Vihear), Deputy Prime Minister and Cabinet Minister Sok An said Tuesday. Speaking during a meeting with South Korean Ambassador to Cambodia Kim ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/culture/2014-08/19/c_133568463.htm

New airline gets closer to launch

Cambodia Bayon Airlines will soon import two Modern Ark 60 aircrafts from the state-owned Aviation Industry Corporation of China (AVIC), with plans to begin domestic flights before the end of the year, a company representative said yesterday. Bayon will sign an agreement with AVIC on Thursday ...

Hor Kimsay
http://www.phnompenhpost.com/business/new-airline-gets-closer-launch

Cambodia’s tourism slows a mite

Cambodia’s tourist arrivals registered a 0.3% decline in June according to the country’s statistics and tourist Information Department. The country attracted 300,454 visits compared to 301,412 during the same month last year. Released officially by the Ministry of Tourism, last week, data showed Vietnam led the field ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/08/cambodias-tourism-slows-a-mite/

Cambodia's GDP per capita to hit 1,130 USD in 2014: PM

Cambodia’s GDP per capita is expected to reach 1,130 U.S. dollars this year, an estimated increase of 8 percent from 1,043 U.S. dollars last year, Prime Minister Hun Sen said Monday. ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235977

IFC sells stake in Cambodia's commercial bank to Japanese bank

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235929

Thai military arrests Poipet border traders

Sixteen Cambodian border traders were imprisoned by the Thai military over the weekend after they were caught smuggling shoes and clothing illicitly bearing registered trademarks across the Poipet City border crossing on Saturday. The traders, who supply the Rong Kluea border market in Thailand’s Sa Kaeo ...

Saing Soenthrith
http://www.cambodiadaily.com/news/thai-military-arrests-poipet-border-traders-66689/

Kandal property bought up before bridge announcement

Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...

Siv Meng and Vandy Muong
http://www.phnompenhpost.com/post-weekend/kandal-property-bought-bridge-announcement

Mass faintings occur at 6 garment factories in Cambodia

At least 127 Cambodian garment workers at six different factories got fainted on Friday due to poor health, a local police chief confirmed. Yim Socheat, police chief of Phnom Penh’s Dangkor district, where the incidents occurred, said the victims had been sent to hospitals soon after ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235570

Amid credit expansion, Riel loans minimal

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/

‘Orphanage tourism’ still an issue: UNICEF

The UN Children’s Fund in Australia has warned volunteers and tourists to avoid visiting Cambodian orphanages following critical reports from the press in recent weeks. In a post on its website, UNICEF Australia said “these types of tours exploit children and their families for the financial ...

Charles Rollet
http://www.phnompenhpost.com/national/%E2%80%98orphanage-tourism%E2%80%99-still-issue-unicef

Cambodia's rice export down 1.6 pct in 7 months

Cambodia exported 204,000 tons of milled rice in the first seven months of 2014, down 1.6 percent from 207,370 tons over the same period of last year, according to official data released on Tuesday.  Sixty-four companies have brokered Cambodian rice for 54 countries and regions around ...

ASEAN-China Center News Staff
http://www.asean-china-center.org/english/2014-08/14/c_133556101.htm

Cambodia attracts 230,100 Chinese visitors in H1, up 19 pct

Cambodia has received 230,100 Chinese tourists in the first six months of 2014, an increase of 19 percent over the same period last year, according to a tourism report released on Wednesday. The report shows that China is the second largest source of tourists to Cambodia ...

Ecns.cn News Staff
http://www.ecns.cn/2014/08-13/129405.shtml

Factory strikes end after pay disputes solved

About 3,000 garment workers in Kompong Chhnang province agreed to end their protest and return to work Wednesday after confusion over their monthly salaries was cleared away. Workers from the Chinese-owned Jiun Ye Garment factory in Samakki Meanchey district went on strike Monday after picking up ...

Ben Sokhean
http://www.cambodiadaily.com/news/factory-strikes-end-after-pay-disputes-solved-66365/

Wrangling over wage may spur new unrest

Unions representing garment workers have pledged to reignite protests if the minimum wage for the industry is raised to only $115 next year, a sum they say was offered by the Garment Manufacturers Association in Cambodia during a meeting on Friday. The Labour Advisory Committee (LAC) ...

Mom Kunthear
http://www.phnompenhpost.com/national/wrangling-over-wage-may-spur-new-unrest

Cambodia, US trade up in first half of year

Trade data from the US shows Cambodian exports to the world’s largest economy increased 6 per cent during the first six months of the year. As of June 30, Cambodian exports to the US totalled $1.4 billion, up from $1.32 billion recorded during the same six-month ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-us-trade-first-half-year

Roxy Casino made ‘modest profit’ since soft opening

Roxy Casino in Cambodia has made a “modest profit” since its soft opening on May 26, parent company Cell Aquaculture Ltd said in a filing to the Australian Securities Exchange. It did not provide figures. The profit was attributed to its sports betting activities during FIFA World Cup 2014 ...

GGRAsia News Staff
http://www.ggrasia.com/roxy-casino-made-modest-profit-since-soft-opening/

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