Economy and commerce

Economic policy and administration

CPP vows to increase monthly wage to 250 dollars for civil servants and 160 dollars for garment workers by 2018

The ruling Cambodian People’s Party (CPP) has issued nine points of its policies for upcoming local council Election which will be held on May 18, 2014. According a statement issued on Saturday, the policies included a promise to increase the monthly salary to 1,000,000 riel or ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NDk3MDAwNTUzZTA

Cambodia earns $2.5 billion from tourism in 2013

Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140414/cambodia-earns-25-billion-tourism-2013

Cambodia, Laos, Myanmar seen offering big investment opportunities

Business International Monitor said Thursday that Cambodia, Laos and Myanmar were expected to outperform their regional peers in terms of real economic growth in the longer term. In a statement, the London-based firm said the three countries would offer ” substantial opportunities for investors over the coming decade, ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=N2ZkOTU4YTZmZGU

Phnom Penh makes top 5 of Knight Frank real estate index

Phnom Penh has earned one of the top spots in a new report tracking prices of residential and commercial real estate across the region. The Knight Frank Asia Pacific Prime Asia Development Land Index, which the global real estate consultancy has hailed as a market first, ...

Post Staff
http://www.phnompenhpost.com/real-estate/phnom-penh-makes-top-5-knight-frank-real-estate-index

IMF projects further acceleration in Cambodian growth

The International Monetary Fund is projecting further modest acceleration in Cambodia’s rate of economic  expansion over the next five years. In the latest World Economic Outlook released Tuesday, the IMF projects that Cambodia’s gross domestic product will grow from an estimated 7.0 percent last year to ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=M2VkZmJjNTE5ZjU

Hong Kong's KeyBridge acquires 65 pct shares of Cambodian telecom firm

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-04/09/c_133249446.htm

Garment union president in court over incitement allegations

Ath Thorn, the president of the union that led strikes at the SL Garment Factory last year, appeared before the Phnom Penh Municipal Court on Tuesday for questioning over allegations of incitement. The Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU), headed by Mr. Thorn, spearheaded ...

Mech Dara
http://www.cambodiadaily.com/news/garment-union-president-in-court-over-incitement-allegations-56136/

Rethinking investment laws

Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...

Eddie Morton
http://www.phnompenhpost.com/business/rethinking-investment-laws

Ho Chi Minh City EXPO 2014 in Cambodia opens in May

The Vietnam-Cambodia International Trade Fair and Exhibitions 2014, also known as Ho Chi Minh City EXPO 2014, will be held at Koh Pich Convention Center in Phnom Penh, Cambodia on May 7-11. ...

Thao Tien
http://www.saigon-gpdaily.com.vn/Business/2014/4/108657/

World Bank raises growth forecast for Cambodia in 2014

The World Bank upwardly revised Monday its GDP growth forecast for Cambodia this year to 7.2 percent, up from its October projection of 7.0 percent. In explaining the higher forecast, the bank’s East Asia and Pacific Economic Update pointed to “the expectation of renewed confidence and ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=YjY5Zjc3MTUwZDg

World Bank says Cambodia has most liberal foreign investment regime in ASEAN

The World Bank says Cambodia has the most open foreign direct investment regime in ASEAN while Thailand has the most restrictive. In a report released Monday, the bank also said that Cambodia had recently emerged as ASEAN’s second-biggest recipient of foreign direct investment in the agricultural ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGM2MTVmYTQ0NTM

Angkor ready for surge of tourists

Siem Reap hotel operators are preparing for a deluge of tourists this Khmer New Year season the likes of which is not often seen, tourism officials say. Chheuy Chhorn, deputy director of Siem Reap’s tourism department, said after attracting 170,000 visitors to the first annual Angkor ...

Hor Kimsay
http://www.phnompenhpost.com/business/angkor-ready-surge-tourists

Paddy rice farms curb losses from lost land

Cambodian paddy rice production fell only slightly during the first half of this year’s dry season, despite 12,000 hectares of usually productive land deemed unusable due to last year’s floods. According to the Ministry of Agriculture, Forestry and Fisheries, dry season paddy rice production between December ...

Chan Muyhong
http://www.phnompenhpost.com/business/paddy-rice-farms-curb-losses-lost-land

Capturing corruption in modern Cambodia

Towering temples and graceful apsaras are missing from a new Cambodia-themed photo show. Instead, camera lenses focused on corruption. The photos show poverty, inadequate sewage systems and parking squeezes at markets. Contest rules allowed photos to be staged—as long as contestants clarified that a photo was ...

Emily Wilkins
http://www.cambodiadaily.com/news/capturing-corruption-in-modern-cambodia-55812/

Cambodian parliament ratifies protocol on Cambodia-Vietnam investment agreement

The National Assembly of Cambodia on Thursday ratified a protocol on the investment promotion and protection agreement between the governments of Cambodia and Vietnam. All 64 lawmakers of the ruling party, who were present at the parliamentary session, unanimously approved the protocol as the opposition party’s ...

Global Times News Staff
http://www.globaltimes.cn/content/852568.shtml#.Uz4WwfmSxqU

Cambodian, Thai stock market regulators ink cooperation deal

Cambodian and Thai securities market regulatory authorities on Wednesday signed a Memorandum of Understanding (MoU) on consultative cooperation and information exchange in stock markets. The deal was inked between Ming Bankosal, director general of the Securities and Exchange Commission of Cambodia (SECC), and Vorapol Socatiyanurak, secretary ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-04/02/c_133233007.htm

Cambodian rice exports fall in Q1

As Thailand sells its rice reserves and reforms in Myanmar are rewarded with more access to markets abroad, Cambodia’s total exports of milled rice are on the decline, falling more than 10 per cent in the first quarter of this year compared with the same ...

May Kunmakara
http://www.phnompenhpost.com/business/cambodian-rice-exports-fall-q1

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