Economy and commerce

Business associations

Chinese companies face culture shock in countries that aren’t like China

Faced with slower growth at home and rising labor costs, Chinese entrepreneurs are seeking foreign markets as never before. But as they rush abroad, they are grappling for the first time with unruly trade unions, independent courts and meddlesome journalists. And for many, navigating the ...

Simon Denyer
https://www.washingtonpost.com/world/chinese-companies-face-culture-shock-in-countries-that-arent-like-china/2015/08/14/a048eb64-3bbd-11e5-88d3-e62130acc975_story.html

A delegation of American Chamber of Commerce in Hong Kong visits Cambodia

A delegation of the American Chamber of Commerce in Hong Kong led by its president Richard R. Vuylsteke has been on a visit to Cambodia to study the investment environment in the country, according to state news agency- AKP.​​ ... ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/a-delegation-of-american-chamber-of-commerce-in-hong-kong-visits-cambodia-8826

World Bank hears local officials’ woes for pending 3-year plan

High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...

Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-hears-local-officials-woes-for-pending-3-year-plan-87426/

Coca-cola guides ‘rebranding’ cambodia event

Commerce Minister Sun Chan­thol evoked the late U.S. President John Kennedy on Friday at a seminar about “rebranding” Cambodia that quickly turned into a promotional event for Coca-Cola. ... ...

Matt Blomberg and Kang Sothear
https://www.cambodiadaily.com/news/coca-cola-guides-rebranding-cambodia-event-80912/

GTI sees its revenues drop in fourth quarter

Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ... ...

Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter

GTI sees its revenues drop in fourth quarter

Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ... ...

Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter

Donaco in negotiations to buy Cambodian casino business

Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ... ...

GGRAsia News Staff
http://www.ggrasia.com/donaco-in-negotiations-to-buy-cambodian-casino-business/

Starting a business in Cambodia is getting harder, report says

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. ... “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/starting-a-business-in-cambodia-is-getting-harder-report-says-71343/

Cambodia rice industry fears, cheers Thai policy

The Thai government’s move to stabilise rice prices for the 2014 harvest season has prompted mixed reactions from local rice industry representatives. ... Sok Puthyvuth, president of the Cambodia Rice Federation said yesterday the policy would impact Cambodia negatively when Thailand is forced to sell ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-rice-industry-fears-cheers-thai-policy

Minister says Cambodia Chamber of Commerce lagging behind

The Minister of Industry and Handicrafts on Monday said the Cambodia Chamber of Commerce (CCC), the country’s most prominent private-sector lobbying group, should be doing more for the country’s entrepreneurs. ... “Honestly, even though the Cambodia Chamber of Commerce has more resources, it has not provided ...

Kang Sothear
http://www.cambodiadaily.com/business/minister-says-cambodia-chamber-of-commerce-lagging-behind-71129/

Cambodia's garment industry seen approaching crossroads

Cambodia's $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. "Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Telecom regulator warns fee dodgers

The Telecommunication Regulator of Cambodia (TRC) has issued a warning to 15 companies that offer Voice over Internet Protocol (VoIP) services for allegedly failing to pay their annual fees. In a statement published on a local media website on August 22, the TRC demanded the companies ...

Hor Kimsay
http://www.phnompenhpost.com/business/telecom-regulator-warns-fee-dodgers

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

Local IT firm eyes off-shore expansion

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...

Chan Muyhong
http://www.phnompenhpost.com/business/local-it-firm-eyes-shore-expansion

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

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/

New MFI in town, ‘more still needed’

ORO Financecorp Plc held its official launch on Friday, joining the growing ranks of microfinance institutions in the Kingdom. ORO Financecorp started providing business, agricultural and tractor loans in January with a $4 million capital investment from Seng Enterprise Co Ltd of Cambodia and Creed Asia ...

Chan Muyhong
http://www.phnompenhpost.com/business/new-mfi-town-%E2%80%98more-still-needed%E2%80%99

New chairman of the Cambodia Rice Federation viewed with suspicion by local media; agenda will focus on raising rice quality, lower borrowing rates

The newly-formed Cambodia Rice Federation (CRF), a body that aims to unite the rice sector under one representative body in the country, just elected its first chairman and he happens to be the son of Cambodia’s deputy prime minister. He is also the CEO of ...

Oryza News Staff
http://oryza.com/news/rice-news/new-chairman-cambodia-rice-federation-viewed-suspicion-local-media-agenda-will-focus

PM to open IBC International Investment Conference 2014

Cambodia's Prime Minister Akka Moha Sena Padei Techo Hun Sen will officially open the country's premier international investment conference in Phnom Penh later this year, according to the event's organisers the International Business Chamber of Cambodia (IBC). The event, which will take place on October 6th ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDgzMmM3NDFhYWF

Brands ‘failing their workers’

European mega-brands are not doing enough to ensure that the Cambodian workers who make their products receive a basic living wage, according to a report released today. Tailored Wages, an analysis of 50 of Europe’s biggest clothing brands, found that many major high-street chains are doing ...

Alice Cuddy
http://www.phnompenhpost.com/national/brands-%E2%80%98failing-their-workers%E2%80%99

Burger King chain to expand

Burger King will launch another three restaurants in Cambodia by the end of the year, according to a company official, in a move that will bolster the fast food chain’s share of a market dominated by KFC. Somach Sovary, support manager for Burger King Cambodia, said ...

Eddie Morton
http://www.phnompenhpost.com/business/burger-king-chain-expand

Viriyah firm plans move in Cambodia

Thailand's Viriyah Insurance, one of the biggest firms of its kind in the country, is seeking to expand its motor vehicle business in Southeast Asia, according to a report yesterday in the Bangkok Post. ... ...

Chan Muy Hong
http://www.phnompenhpost.com/business/viriyah-firm-plans-move-cambodia

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