Economy and commerce

Economic policy and administration

Labor committee details schedule for wage talks: report

The Labor Advisory Committee has asked unions and employers to start separate internal talks on wages this month under a schedule it approved in June, an industry source says. In a report late Wednesday, Fibre2fashion.com said the 28-member committee had agreed that the talks would be ...

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

Will AEON mall succeed in one of the poorest countries in the world?

The presence of AEON Mall in Cambodia has stirred a lot of questions revolving around the future success of this Japanese giant mall. Since the official opening of the mall, thousands of people have flocked to visit this new mall. Not only people in general ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZmMxZmI4MTA1Mjg

More work needed at the tax dept, JICA says

The General Tax Department of Cambodia (GTD) needs to improve a number of administration processes to enhance revenue collection and make a greater contribution to the economy, a recent study released yesterday by Japan International Cooperation Agency (JICA) reveals. According to data from GTD, Cambodia ...

Hor Kimsay
http://www.phnompenhpost.com/business/more-work-needed-tax-dept-jica-says

Plans Underway for Overpass, Extension of Riverside

City Hall met with urban planning experts and officials from relevant ministries Tuedsay to discuss building a new overpass on Russian Boulevard, near the Institute of Technology, and extending the existing paved walkway along Phnom Penh’s riverside to Koh Pich bridge, according to Chrean Sophann, ...

Ouch Sony
http://www.cambodiadaily.com/news/plans-underway-for-overpass-extension-of-riverside-62946/

Cyclo drivers struggle as demand dwindles

When Men Chan started out as a cyclo driver in Phnom Penh in 1966, his services were in demand and his salary was modest but adequate. Now—like most of his colleagues across the city—the 71-year-old is struggling to make ends meet as his income stagnates and ...

Kang Sothear and Holly Robertson
http://www.cambodiadaily.com/news/cyclo-drivers-struggle-as-demand-dwindles-62948/

Workers win seniority pay

A six-month standoff that eventually halted a box factory’s production ended on Friday, when managers of the factory in the capital’s Por Sen Chey district paid seniority bonuses to almost 150 former employees. Harta Packaging Industries paid bonuses of between $500 and $4,000 to a total ...

Mom Kunthear
http://www.phnompenhpost.com/national/workers-win-seniority-pay

Japanese chain to open hotel in 2015

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...

Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015

US firm to build border market in Takeo

Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...

Kang Sothear
http://www.cambodiadaily.com/business/us-firm-to-build-border-market-in-takeo-62693/

Factory reopens amid strike

A packaging factory is back in business, opening its doors after about 200 former employees stopped blocking shipments, which they had been doing since Saturday. Factory management at Harta Packaging Industries acquiesced to a negotiation session with the group, which has been protesting against the company ...

Mom Kunthear
http://www.phnompenhpost.com/national/factory-reopens-amid-strike

Locals still off-limits, PM cautions casinos

As Cambodian migrant workers return in droves from Thailand through the casino-laden border town of Poipet, Prime Minister Hun Sen is warning gambling parlour owners this does not mean a jackpot for them. “Casinos in Phnom Penh and along the border are not for Khmer citizens,” ...

Meas Sokchea
http://www.phnompenhpost.com/national/locals-still-limits-pm-cautions-casinos

7 of Cambodia's best islands

They’re still massively undeveloped compared to their Thai neighbors, but Cambodia’s islands are starting to get the attention they deserve. Whether you’re looking for an all-night party or an underwater adventure among pristine coral reefs, Cambodia’s got an island for all types and all budgets. Not ...

Lina Goldberg
http://edition.cnn.com/2014/06/27/travel/cambodia-best-islands/

Ministry sets official Tuol Sleng ticket price

Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...

Kuch Naren
http://www.cambodiadaily.com/news/ministry-sets-official-tuol-sleng-ticket-price-62599/

CBRE: Cambodia’s bright future

CBRE Cambodia’s latest MarketView report sees strong growth in tourist arrivals resulting in growth in hotel occupancy rates and durations of stay. Quoting Ministry of Tourism statistics, CBRE said Cambodian tourism sector continued to enjoy steady growth over the course of 2013, with the number of ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cbre-cambodias-bright-future/

Cambodia fears tough competition for long-grain rice exports from India

Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...

Oryza News Staff
http://oryza.com/news/rice-news/cambodia-fears-tough-competition-long-grain-rice-exports-india

India’s rice dump may impact local exports

With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia’s rice producers fear that any spillover into the global rice trade may impact local exports. David Van, acting secretary-general of a newly established Cambodia Rice Federation, said ...

May Kunmakara
http://www.phnompenhpost.com/business/india%E2%80%99s-rice-dump-may-impact-local-exports

Ocean reps take case to arbitration

Twenty representatives of workers locked in a monthlong dispute with management at the Ocean Garment factory appeared before the Arbitration Council yesterday, a union official said. A spokesman from the Arbitration Council yesterday told the Post that such cases are typically sorted out within 15 working days. ...

Mom Kunthear
http://www.phnompenhpost.com/national/ocean-reps-take-case-arbitration

Japanese firm signs agreement with bank

Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector. Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows ...

Hor Kimsay
http://www.phnompenhpost.com/business/japanese-firm-signs-agreement-bank

Cambodia attracts 1.9 mln foreign tourists in 5 months, up 6 pct

Cambodia has received some 1.9 million foreign visitors in the first five months of 2014, a 6 percent rise compared to the same period last year, a tourism official said Tuesday. “Vietnam, China and South Korea are the largest sources of tourists to Cambodia,” Kong ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226061

Cambodia revising gambling laws to attract investment

The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...

GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/

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