Economy and commerce
Camko City starts third phase
The Now World City company is starting construction of its third phase at Camko City after its satellite city had suspended operations for a while. Kim Duk Kon, the vice president of World City, said that the new project included building luxury villas, with 140 houses ...
Siv Meng
http://www.phnompenhpost.com/real-estate/camko-city-starts-third-phase
Cambodia's construction sector attracts 2.27 bln USD in 9 months
Cambodia’s construction sector has attracted a total investment of 2.27 billion U.S. dollars in the first nine months of 2013, up 24 percent compared with 1.83 billion U.S. dollars over the same period last year, a government report showed Thursday. The report said during the January-September ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/31/c_132848042.htm
New fees, political crisis mean fewer businesses
The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...
May Kunmakara
http://www.phnompenhpost.com/business/new-fees-political-crisis-mean-fewer-businesses
Firms urged to tap growing middle-class market in GMS
Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Firms-urged-to-tap-growing-middle-class-market-in--30218244.html
Doing Business in Cambodia Becoming More Difficult
Cambodia ranked 137 out of 189 countries in the World Bank’s Doing Business 2014 report released Tuesday, the first drop in at least two years that shows conducting business in the country is becoming more difficult. The report ranks countries in 10 categories, including starting a ...
Joshua Wilwohl and Aun Pheap
http://www.cambodiadaily.com/business/doing-business-in-cambodia-becoming-more-difficult-46243/
Japan auto parts firm seeks plant in PPSEZ
Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...
Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez
Trade With Indonesia up but Logistics a Hurdle
Trade and tourism between Indonesia and Cambodia is growing but the two countries can still increase cooperation in those fields, according to participants in the 7th Indonesian Trade and Tourism Promotion exhibition on Phnom Penh’s Koh Pich on Sunday. The sale of Indonesian pharmaceuticals, food products ...
George Styllis
http://www.cambodiadaily.com/business/trade-with-indonesia-up-but-logistics-a-hurdle-46146/
Cambodian PM urges Chinese to invest in agricultural processing plants
Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang ...
Xinhuanet News
http://news.xinhuanet.com/english/china/2013-10/28/c_132836976.htm
Power line investment approved
The Cambodian government has entered into a public-private partnership with a little-known company named ALEX Corporation Co Ltd to develop power lines from plants in Preah Sihanouk province to Phnom Penh, according to the Council of Ministers. The private firm will invest $119.1 million in a ...
Hor Kimsay
http://www.phnompenhpost.com/business/power-line-investment-approved
Cargo shipments up 16 pct
The volume of cargo shipments going through the Sihanoukville Autonomous Port (PAS), the biggest deep-water port in Cambodia, saw a 16 per cent year-on-year increase in the first nine months of this year, data released by the port on Friday show. About 2.27 million tonnes of ...
May Kunmakara
http://www.phnompenhpost.com/business/cargo-shipments-16-pct
Thai-Cambodian border trade still normal
Despite the disputed territory near Phra Viharn Temple, Thai-Cambodian border trade is still normal as 150,000 billion baht cash flow is expected by the end of 2013. According to the Thai Chamber of Commerce (TCC), border trade along the disputed area around Phra Viharn Temple ...
Thailand National News Bureau Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5610270010002
Cambodia sees 1.48 bln USD trade deficit in 9 months
Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm
Flooding could affect growth
When the extent of flood damage becomes clear, the Asian Development Bank may lower its economic growth forecast for Cambodia to reflect the severity of the aftermath, a senior official with agency’s local office said yesterday. “It is possible that we will have to revise downward ...
Joe Freeman and Sen David, P.7
http://www.phnompenhpost.com
Delays continue to constrain launch of Cambodia Airlines
For Cambodians aspiring to a career in aviation, this weekend looks promising. Almost seven months after its formal establishment, Cambodia Airlines is hosting a career fair in Phnom Penh. The airline is moving forward by looking for staff – from captains, first officers and cabin crew ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/delays-continue-constrain-launch-cambodia-airlines
Carlsberg Unworried by Call for Beer Boycott
Danish beer giant Carlsberg, a partner in Cambodia’s largest brewery, Cambrew, said it is not concerned by a call to boycott its popular Angkor Beer brand over a partner company’s investment in a Laos dam. Ben Morton, vice president of Carlsberg’s international media relations and issues ...
Dene-Hern Chen
http://www.cambodiadaily.com/news/carlsberg-unworried-by-call-for-beer-boycott-45794/
Garment exports up, margins down
Despite concerns that political uncertainty would be a drag on the economy, Cambodia’s garment exports continued on an upward trend in the first nine months of the year, the latest data show. Though volume increased, factory profit margins were squeezed due to labour disputes and demands ...
Hor Kimsay
http://www.phnompenhpost.com/business/garment-exports-margins-down
Construction Set to Resume at CamKo City
Construction on Phnom Penh’s CamKo City project will resume after a year’s suspension following a fraud scandal that left its original financial backer bankrupt, an official at the Ministry of Land Management said Wednesday. CamKo City, located in Phnom Penh’s Russei Keo district, was halted ...
Hul Reaksmey
http://www.cambodiadaily.com/business/construction-set-to-resume-at-camko-city-45747/
De Castle Royal construction moves ahead at a princely pace
Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...
Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace
Carabao Dang maker eyes plants in Myanmar, Cambodia
Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...
Savitree Rinwong
http://www.nationmultimedia.com/business/Carabao-Dang-maker-eyes-plants-in-Myanmar-Cambodia-30217758.html
Petition for Investigation Into Sugar Trade Gains Support
More than 55,000 people have joined an online petition set up by a pair of French nongovernment groups urging the European Union (E.U.) to immediately launch an investigation into local sugar plantations accused of illegally evicting hundreds of Cambodian families. At the center of the dispute ...
Zsombor Peter and Kuch Naren
http://www.cambodiadaily.com/news/petition-for-investigation-into-sugar-trade-gains-support-45704/
First mango export factory planned
Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...
Hor Kimsay
http://www.phnompenhpost.com/business/first-mango-export-factory-planned
Government Must Work With Farmers to Combat Climate Change
Some 9.5 million Cambodians who directly engage in agriculture must adopt new techniques in order to counter dynamic weather patterns caused by climate change, and the government must work with farmers to ensure that it happens, an agricultural conference was told last week. Flown in from ...
Matt Blomberg and Khuon Narim
http://www.cambodiadaily.com/news/government-must-work-with-farmers-to-combat-climate-change-45678/
Calls for Angkor Beer Boycott Over Laos Dam Investment
Environmental groups and a local community leader in Stung Treng province have called for a nationwide boycott of the popular Angkor Beer brand to protest the beverage company’s links to a controversial hydropower dam to be built in Laos. Laos announced earlier this month that it ...
Dene-Hern Chen and Kuch Naren
http://www.cambodiadaily.com/news/calls-for-angkor-beer-boycott-over-laos-dam-investment-45646/
Cambodia sees 22 pct rise in garment exports in 9 months
Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...
Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E