Economy and commerce

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/

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

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/

Gov’t to meet recruitment firms over migrants

Labor Ministry officials are set to meet today with about 40 local recruitment agencies to talk about formalizing the procedure for sending migrant workers to Thailand, an agency director said. The meeting will focus on how the agencies can help migrants obtain work permits and other ...

Phorn Bopha
http://www.cambodiadaily.com/news/govt-to-meet-recruitment-firms-over-migrants-62202/

Gambling on change

The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...

Eddie Morton
http://www.phnompenhpost.com/business/gambling-change

Six unions call for pay, acquittals

Union leaders made another appeal for the Cambodian government to raise the minimum wage to $160 and rescind convictions of 25 workers arrested during deadly demonstrations in November and January. ...

Sean Teehan
http://www.phnompenhpost.com/national/six-unions-call-pay-acquittals

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