Economy and commerce

Standard forms aim for public bid transparency

The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...

Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency

CPP-friendly businessman launches newspaper

T Mohan, a Malaysian publisher and businessman arrested in the 1990s for attempting to extort a casino executive, is back in Cambodia’s newspaper market. The Khmer Times, the latest English-language news offering from Mr. Mohan, hit newsstands earlier this month, with a government spokesman even resigning ...

Alex Willemyns
http://www.cambodiadaily.com/news/cpp-friendly-businessman-launches-newspaper-58610/

Court temporarily halts lease transfer for victory beach

Russian businessmen Nikolai Doroshenko and Sergei Polonsky are locked in a legal dispute over Sihanoukville’s Victory Beach following Mr. Polonsky’s release from prison last month, according to copies of court documents obtained Monday. The Preah Sihanouk provincial court has temporarily prevented Mr. Doroshenko from transferring the ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/court-temporarily-halts-lease-transfer-for-victory-beach-58598/

Angkor brewery agrees to strikers’ demands

More than 200 striking workers at Cambodia’s largest brewer, Cambrew Ltd., resumed work on Saturday after the company agreed to lift their monthly salary from $120 to $150 as they had been demanding. The workers at the company, which produces Angkor beer and Black Panther stout, ...

Ben Sokhean
http://www.cambodiadaily.com/news/angkor-brewery-agrees-to-strikers-demands-58466/

For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/

Kia enters market with high hopes

Kia Motors opened its first showroom in Cambodia on Friday and the local authorised dealer, A&A Auto Group, says the time is right for the Korean carmaker to join the ranks of those looking to tap the country’s growing middle class. Sin Soveoung, sales manager for ...

Chan Muyhong
http://www.phnompenhpost.com/business/kia-enters-market-high-hopes

Kratie families march in Phnom Penh to protest evictions

Nearly 200 villagers from Kratie province gathered in Phnom Penh Monday, hoping to deliver a petition to the Cambodian Senate and other government agencies in protest of a rubber company’s development there. The villagers, from Snoul district, say a Vietnamese rubber company began developing in ...

Suy Heimkhemra,
http://www.voacambodia.com/content/kratie-families-march-in-phnom-penh-to-protest-evictions/1912760.html

Standards must improve: official

Small food and beverage makers are at risk of being uncertified when the ASEAN economic community takes shape in 2015, with the vast majority far from achieving international quality and safety standards, a government official says. Him Phanith, the deputy director of National Productivity Center, said ...

Chan Muyhong
http://www.phnompenhpost.com/business/standards-must-improve-official

Staff poaching spurs bank action

Cambodia’s banking sector is looking to establish a collective fund to help recoup staff training expenses lost from competitors poaching employees off one another, Grant Knuckey, CEO of ANZ Royal said yesterday. Speaking at the launch of ANZ Royal’s business confidence index in Phnom Penh yesterday, ...

Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/staff-poaching-spurs-bank-action

Economic expansion of Cambodia; an opportunity for Thai entrepreneurs

The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...

National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001

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