Economy and commerce

Economic policy and administration

Cambodia expected to greet 4.6 mln foreign tourists in 2014: minister

Cambodia is projected to receive 4.6 million international visitors this year, an expected rise of 10 percent from 4.2 million last year, Minister of Tourism Thong Khon said Saturday. “In the first six months of this year, more than 2.2 million foreigners visited Cambodia, up 5.2 ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140802/cambodia-expected-greet-46-mln-foreign-tourists-2014-ministe

Chinese tourists to Cambodia's Angkor heritage site up 17 pct in first half

The number of Chinese visitors to Cambodia’s Angkor Wat temple, one of the World Heritage Sites, has reached 161,700 in the first six months of this year, a 17 percent rise over the same period last year, an official data showed Friday. The data from the ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/travel/2014-08/01/c_133524492.htm

Workers ill after fainting at factory

A lingering odour in a Sixplus Industry garment factory is aggravating the already-fragile health of its workers, 100 of whom fainted last weekend, and has forced the factory to send many of them back to health centres. ...

Pech Sotheary
http://www.phnompenhpost.com/national/workers-ill-after-fainting-factory

Maiden landing at beachside airport

Sihanouk Ville International Airport received its first international flight this week, a landing the industry hopes will open up the coastal resort destination to more foreign tourists. A flight by South Korea-based Skywings Asia Airlines, an international charter carrier, arrived from Seoul on Tuesday. One hundred ...

Post Staff
http://www.phnompenhpost.com/business/maiden-landing-beachside-airport

As Cambodia’s financial sector grows, so do its challenges

The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s banking and microfinance sectors have seen enormous growth in recent years with ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-cambodias-financial-sector-grows-so-do-its-challenges-65414/

Unions want arbitration council deal renewed

Trade unions at either end of the political divide Wednesday said they were eager to renew their agreement with garment factories to abide by the rulings of the country’s Arbitration Council, with some changes, despite a new report showing that both unions and employers often ...

Zsombor Peter
http://www.cambodiadaily.com/business/unions-want-arbitration-council-deal-renewed-65410/

Direct flights start from Seoul to Sihanoukville

Skywings Asia Airlines completed its maiden voyage from Seoul to Sihanouk International Airport on Tuesday, marking the launch of seasonal direct charter flights between Sihanoukville and South Korea. The new service, which will run from July through August, will connect the beach resort to the large ...

George Styllis
http://www.cambodiadaily.com/business/direct-flights-start-from-seoul-to-sihanoukville-65284/

Cambodia's rubber exports up 91 pct in H1

Cambodia has seen a 91 percent rise in dry rubber exports in the first half of 2014 as revenue from the exports increased only 3 percent due to global decline of rubber prices. During the January-June period this year, the country exported 42,190 tons of dry ...

ASEAN-China Center News Staff
http://www.asean-china-center.org/english/2014-07/29/c_133518119.htm

Forestry revenues falling short

Rights groups have called on the government to increase tax rates for logging companies amid the latest domestic revenue figures. According to the Ministry for Agriculture, Forestry and Fisheries, timber exports produced $9.4 million in government tax revenue during the first half of the year, up ...

Chan Muyhong
http://www.phnompenhpost.com/business/forestry-revenues-falling-short

Tourists to Cambodia's Preah Vihear heritage site up 53 pct in first quarter

Cambodia’s world heritage Preah Vihear temple greeted 63,610 local and foreign visitors in the first half of 2014, up 53 percent over the same period last year, a report from the Preah Vihear provincial tourism department showed Tuesday. The temple welcomed about 56,870 local visitors and ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/29/c_133518016.htm

Gov’t gives telecom firms time to digest new draft law

The ministry of Posts and Telecommunications (MPTC) has postponed a two-day meeting with telecom firms to discuss a controversial draft law leaked to the Post last week, which details the government’s plan to assert control over the industry. A representative from one telecommunications provider who wished ...

Eddie Morton
http://www.phnompenhpost.com/business/gov%E2%80%99t-gives-telecom-firms-time-digest-new-draft-law

Cambodia Business Conference opens registration

Cambodia’s business community is anticipating keen interest from overseas investors as registration for the country’s international investment conference opens this week. The International Business Chamber (IBC) of Cambodia investment conference will take place on October 6th and 7th at the Intercontinental Hotel in Phnom Penh. The ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjIyZDgyN2M0ZDQ

Workers clash: At factory in Kandal, fight over protest

Melees at a garment factory in Kandal province between striking workers and employees who are against the industrial action have left five people mildly injured. Employees at the Tae Young factory began striking a week ago, calling for two administrators at the plant to be fired, ...

Mom Kunthear
http://www.phnompenhpost.com/national/workers-clash-factory-kandal-fight-over-protest

Interested, but not yet committed

From the finance to the education sector, the interest from companies looking to list on Cambodia’s nascent stock exchange is on the rise, a CSX official said yesterday, after a meeting with some of the Kingdom’s largest firms. Some 30 companies, the CSX say, are eyeing ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/interested-not-yet-committed

On the march: Days-long strike shifts to district HQ

After striking for more than a week, employees at Phnom Penh’s Sun Well Shoes yesterday marched to Por Sen Chey district hall, demanding their voices be heard. Some 300 people marched from their Veng Sreng Boulevard factory with a list of seven demands, including the ...

Mom Kunthear
http://www.phnompenhpost.com/national/march-days-long-strike-shifts-district-hq

Minister lauds controversial sugar industry

Environment Minister Say Sam Al on Wednesday lauded the country’s controversial sugar industry and the jobs it has created, saying that companies operating in the sector need to be defended against the widespread criticism they have been receiving. Rights groups and the opposition CNRP have undertaken ...

Khuon Narim and Lauren Crothers
http://www.cambodiadaily.com/news/minister-lauds-controversial-sugar-industry-64810/

After deal, unions expect support

News of an end to a year-long political deadlock has labour union leaders believing the opposition party can bring their interests to parliament, but a lack of follow-through could cost the Cambodia National Rescue Party vital support from one of its key interest groups. Different union ...

Sean Teehan, Mom Kunthear and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/after-deal-unions-expect-support

Deadlock end lifts business spirits

Cambodia’s business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal ...

Eddie Morton and Daniel de Carteret
http://phnompenhpost.com/business/deadlock-end-lifts-business-spirits

Cambodia's Angkor artifacts to be exhibited in China

Eighty masterpieces from Cambodia’s renowned Angkor Wat Temple will be displayed in China for six months, aiming at promoting cultural ties between the two countries. Cambodian Minister of Culture and Fine Arts Phoeurng Sackona and Liu Shuguang, director general of the Chinese Academy of Cultural Heritage, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/culture/2014-07/22/c_133502962.htm

Strike for a song: Employees ‘waste time on phones’

About 500 garment workers whose bosses have complained that they spend too much of their working day talking on the phone and listening to music protested outside their Kampong Speu factory yesterday, demanding better working conditions. ...

Pech Sotheary
http://www.phnompenhpost.com/national/strike-song-employees-%E2%80%98waste-time-phones%E2%80%99

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