Economy and commerce
Japanese FM arrives in Cambodia, 143 mln USD aid deals to be signed
Japanese Foreign Minister Fumio Kishida arrived in Phnom Penh, the capital of Cambodia, on Sunday evening for a three-day official visit and will sign to provide more than 143 million U.S. dollars to Cambodia. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140629/japanese-fm-arrives-cambodia-143-mln-usd-aid-deals-be-signed
Fishers report rampant corruption, major depletion of fisheries
Representatives of fishing communities say illegal operations are critically threatening the nation’s fisheries. Corruption and collusion between authorities and illegal fishermen are at the root of the problem, they say. More than 100 representatives from these communities met in Phnom Penh Friday, in an effort to find ...
Khoun Theara
http://www.voacambodia.com/content/fishers-report-rampant-corruption-major-depletion-of-fisheries/1946303.html
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/
Melco’s unit disposes of Cambodia assets
Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic gaming machines, and prohibits any use of the Dreamworld ...
GGRAsia News Staff
http://www.ggrasia.com/melcos-unit-disposes-of-cambodia-assets/
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/
Vendors with a licence to forge
On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/vendors-licence-forge
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/
Ocean Garment to stay shuttered until July 9
A garment factory will prolong its monthlong closure until at least July 9, when the Arbitration Council Foundation rules on a case brought by its workers. ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/ocean-garment-stay-shuttered-until-july-9
Ten commandments: Gov’t lays out food standards
Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...
Chan Muyhong
http://www.phnompenhpost.com/business/ten-commandments-gov%E2%80%99t-lays-out-food-standards
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
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
Thai court agrees to hear lawsuit over controversial Xayaburi dam in Laos
A top court in Thailand agreed on Tuesday to hear a lawsuit brought by villagers against the country’s decision to purchase power from the planned Xayaburi mega dam in neighboring Laos, which green groups say could threaten the region’s environment and food security. Overruling a lower ...
Parameswaran Ponnudurai
http://www.rfa.org/english/news/laos/lawsuit-06242014170128.html
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
New registered businesses increase by 33 percent
The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...
Kang Sothear
http://www.cambodiadaily.com/business/new-registered-businesses-increase-by-33-percent-62376/
Wedding business a winning proposal
It’s no secret. Weddings in Cambodia are big, colourful and extravagant affairs. Guests drink and eat to their heart’s content, music draws revellers onto the dance floor and the party lasts for hours. But guests aren’t the only people having fun. Rising affluence paired with a ...
Hor Kimsay
http://www.phnompenhpost.com/business/wedding-business-winning-proposal
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
Grand Twins’ share price continues to drop
The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/grand-twins-share-price-continues-to-drop-62374/
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/