Tech start-up pitches sought

A group of Phnom Penh-based high-tech professionals are putting on the second annual Startup Weekend Cambodia from June 22 to 24 at Yellow Tower, across the Tonle Sap from the Riverside. Darren Jensen of Yoolk, a software company that builds content, sales and HR management systems ...

http://www.phnompenhpost.com/index.php/2012061156712/Business/tech-start-up-pitches-sought.html

Firms relocating for cheaper labour costs

Industrialists have raised concerns that the higher minimum wage is a key factor driving many labour-intensive manufacturers to relocate to less developed neighbouring countries. At a seminar on investment strategy in Cambodia, Laos, Myanmar and Vietnam held yesterday by the Board of Investment of Thailand (BOI) ...

http://www.nationmultimedia.com/business/Firms-relocating-for-cheaper-labour-costs-30183724-showAds1.html

Stevia Nutra Corporation Set to Launch Stevia Propagation Centre in Cambodia

Stevia Nutra Corporation — (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...

http://www.marketwatch.com/story/stevia-nutra-corporation-set-to-launch-stevia-propagation-centre-in-cambodia-2012-06-08

SL factory strikes to slow Cambodian garment industry

A sharp increase in garment factory strikes this year has raised eyebrows among industry insiders, who say the disputes could lead to a decrease in year-on-year export growth. The Arbitration Council, which hears work-related disputes such as factory strikes, saw claims nearly double during the first ...

http://www.phnompenhpost.com/index.php/2012060756642/Business/strikes-hit-garment-boom.html

First milled-rice order destined for China

A 144-tonne shipment of Cambodian fragrant rice will leave Phnom Penh for Fuzhou, China on Saturday, the first Chinese order for the Kingdom’s milled rice after a recent government agreement was reached on Chinese regulation. Mekong Oryza Trading received the order months earlier ...

http://www.phnompenhpost.com/index.php/2012060756646/Business/first-milled-rice-order-destined-for-china.html

Siem Reap’s US$1bn airport delayed

No ground was broken in May on the New Siem Reap International Airport (NSRIA), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIA Co Ltd, an equal joint ...

http://www.phnompenhpost.com/index.php/2012060656613/Business/siem-reaps-us1bn-airport-delayed.html

OSK and RHB bank in merger deal

OSK Holdings Berhad and RHB Capital Berhad have announced the signing of a conditional share purchase agreement to merge their investment banking operations, creating the largest investment bank by assets in Malaysia, an official press release said.   ...

http://www.phnompenhpost.com/index.php/2012060556578/Business/osk-and-rhb-bank-in-merger-deal.html

Retail space to triple: report

The supply of shopping centre space in Phnom Penh is set to triple in the next five years, according to a CBRE Cambodia report, and one insider said the jump in higher-end retail venues would come even sooner. A Parkson Corporation Sdn Bhd shopping centre, one ...

http://www.phnompenhpost.com/index.php/2012060456561/Business/retail-space-to-triple-report.html

Germany, Cambodia cement stronger investment, and tourism relations

Hermann Otto Solms, vice president of the German Bundestag, the lower house of parliament, Monday pledged to encourage German investors and tourists to Cambodia in order to cement the bi-lateral ties. Hermann made his remarks during a meeting with Cambodian Prime Minister Hun Sen at the ...

http://www.livetradingnews.com/germany-cambodia-cement-stronger-investment-and-tourism-relations-75348.htm#.T-cPdWBREXx

Second rice trial to China

Local rice miller Mega Green said it planned to export about 240 tons of milled rice to the Chinese market by the end of June – a second round of test exports to Cambodia’s northern neighbour. Renne Outh, owner of Mega Green Imex Cambodia, told the ...

http://www.phnompenhpost.com/index.php/2012060156526/Business/second-rice-trial-to-china.html

Cambodia Plans to Send Second Test Consignment of Rice to China

Cambodia is planning to send a second consignment of 40 tons of milled rice to China as a part of the approval process for rice exports to China. In April, China had rejected a sample consignment of about 48 tons ...

http://oryza.com/Rice-News/15283.html#

Southeast Asia's solid economic growth rides over global woes

Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...

http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601

Electronics factory to open

A US$37.9 million base plate factory will launch in June in the northwestern province of Banteay Meanchey, Japanese electronics manufacturer SC WADO Component Co said yesterday in a statement. The entry of SC WADO, a subsidiary of Nidec Electronics, was another step in Cambodia’s march away ...

http://www.phnompenhpost.com/index.php/2012053156501/Business/electronics-factory-to-open.html

Angkor Gold identifies northeast prospects

Angkor Gold Corp, a Toronto Stock Exchange-listed company, has announced the identification of five new prospects in Ratanakiri province, according to a company statement. the mining firm said it planned to consolidate its gold prospects in the northeastern corner of the country. ...

http://www.phnompenhpost.com/index.php/2012053156499/Business/angkor-gold-identifies-northeast-prospects.html

Japanese Firm set to Open Plant in Poipet

Japanese electronics firm Nidec Corporation has invested about $37.5 million to establish a factory in Poipet City that will produce parts for computer hard drives ...

Stevia Nutra Corp Establishes Major Cambodian Agriculture Companies

(The Company), an Agro-Management company focused on stevia agronomics, announced that it has incorporated Health Power Trading Company Ltd., a wholly owned BVI subsidiary company and Mighty Mekong Agro Industries Co. Ltd., a Cambodian based wholly owned subsidiary. This strategic move by Stevia Nutra will allow the Company to capitalize on significant labour and technical advantages as ...

http://thesoutheastasiaweekly.com/

Malaysia - Cambodia Trade And Investment Performance 2011

Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...

http://thesoutheastasiaweekly.com/

SMEs look to regional buyers

Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...

http://www.phnompenhpost.com/index.php/2012053056469/Business/smes-look-to-regional-buyers.html

SEZ Shooting Suspect Under Court Supervision

The Svay Rieng Provincial Court has placed former Bavet City Governor Chhouk Bundith under court “supervision” after questioning him last week in connection to the Feb. 20 shooting of three female factory workers, according to investigating Judge Pech Chhoeut. Mr. Chhoeut said the ex-governor was questioned ...

Advanced Bank of Asia loans MFI $2m

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

http://www.phnompenhpost.com/index.php/2012052956446/Business/advanced-bank-of-asia-loans-mfi-2m.html

Eviction worry delays Phnom Penh mega project

The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...

http://www.phnompenhpost.com/index.php/2012052956448/Business/eviction-worry-delays-mega-project.html

Guinea interested in Cambodian rice

The Republic of Guinea plans to import 40,000 tonnes of milled rice from Cambodia, Alpha Condé, the president of the West African nation, said during a recent visit to the Kingdom. The two countries will also look to follow up on agricultural technology co-operation agreed on ...

http://www.phnompenhpost.com/index.php/2012052856412/Business/guinea-interested-in-cambodian-rice.html

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