Investment
Investment policy and regulations
Cambodia's foreign trade up 15% amid ongoing political row
Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=213997
Failing to sew up support
Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the ...
Eddie Morton
http://www.phnompenhpost.com/business/failing-sew-support
Lack of funds delays railway
The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official. Originally slated to begin construction last year, China Railway’s chairman, Li Changjin, told the South China Morning Post that work on the 400-kilometre railway ...
Daniel de Carteret
http://www.phnompenhpost.com/business/lack-funds-delays-railway
NagaCorp VIP program questioned
Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...
Eddie Morton
http://www.phnompenhpost.com/business/nagacorp-vip-program-questioned
Angkor Gold (V.ANK) says financing deal puts Cambodia 'in play'
Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ...
Stockhouse News Staff
http://www.stockhouse.com/news/newswire/2014/04/14/angkor-gold-v-ank-says-financing-deal-puts-cambodia-play
Factory shutters in shame
The Zongtex Garment factory off Phnom Penh’s Russian Boulevard looks like a nondescript residential compound, hidden down a dead-end road. There are no signs suggesting that it supplied to some of the world’s leading high street names – and the US military. Taiwanese-owned Zongtex Garment Manufacturing ...
Daniel Pye, Alice Cuddy and Chhay Channyda
http://www.phnompenhpost.com/national/factory-shutters-shame
Cambodian mangoes ship off to China
Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodian-mangoes-ship-china
Luxury resort looks for new lease of life with redesigned blueprint
A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...
Siv Meng
http://www.phnompenhpost.com/real-estate/luxury-resort-looks-new-lease-life-redesigned-blueprint
Hong Kong's KeyBridge acquires 65 pct shares of Cambodian telecom firm
The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-04/09/c_133249446.htm
Costs don’t top brands’ concerns
In their latest bid for a $160 minimum monthly wage for the garment industry, independent unions will lead a “stay at home” strike late next week. While the chances of that figure being approved anytime soon seem slight – the government has only just announced a ...
Sean Teehan
http://www.phnompenhpost.com/national/costs-don%E2%80%99t-top-brands%E2%80%99-concerns
Rethinking investment laws
Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...
Eddie Morton
http://www.phnompenhpost.com/business/rethinking-investment-laws
Linking the worst factories with the labels
The building that housed USA Fully Field Garment factory in Phnom Penh’s Meanchey district stands empty now. The grounds are littered with garbage and boxes full of dusty brand labels that were stitched onto clothes by almost 400 workers before the factory owner fled in ...
Simon Henderson and Khy Sovuthy
http://www.cambodiadaily.com/news/linking-the-worst-factories-with-the-labels-55839/
Child labor probe on Preah Vihear sugar plantation moves forward
Police in Preah Vihear province say they have uncovered more evidence of child labor on a Chinese-owned sugarcane plantation and will send the case to court if further investigation confirms their preliminary findings. A former employee of the Lan Feng plantation filed a complaint last month ...
Khy Sovuthy
http://www.cambodiadaily.com/news/child-labor-probe-on-preah-vihear-sugar-plantation-moves-forward-55643/
Beer poised to earn big during New Year season
Grocery and beer sales are expected to spike during April as Khmer New Year preparations ramp up, retail industry officials said yesterday. Hy Ramy, managing director of HRM (Cambodia) Group, a food and beverage distribution company specialising in canned foods, condiments and beverages, said he expects ...
Hor Kimsay
http://www.phnompenhpost.com/business/beer-poised-earn-big-during-new-year-season
Royal Group affirms its commitment to ANZ
Local conglomerate Royal Group said Tuesday that while it is committed to its partnership with Australia-based ANZ bank, it would entertain selling its stake in ANZ Royal Bank for “a very high offer.” “The Royal Group would like to clarify that it is a strong and ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-affirms-its-commitment-to-anz-54904/
GMAC to explain Cambodian behavior to foreign managers
The Garment Manufacturers Association in Cambodia says it will hold a workshop next month to explain to foreign managers why Cambodians behave in certain ways. “This workshop will provide the participants with relevant cultural information about the Cambodian workers and will show the different perspectives from ...
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTI4NTZjNDI3ZmI
Koh Russey, a jewel by the sea
After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...
Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea
Firm plans more bus lines
Chinese firm Global (Cambodia) Trade Development will launch several more city bus lines in Phnom Penh over the next 10 months, dramatically expanding what has so far been a successful experiment to introduce mass transit to the capital, the company and state media said yesterday. Lin ...
Vong Sokheng
http://www.phnompenhpost.com/national/firm-plans-more-bus-lines
Friends in high places
A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...
Daniel Pye and May Titthara
http://www.phnompenhpost.com/national/friends-high-places
Belarus minister to inaugurate tractor plant next week
Belarusian Foreign Minister Vladimir Makei is to attend the inauguration of a tractor assembly in Cambodia next week, according to the Belarusian Telegraphic Agency. “There are plans to discuss a wide range of issues of the bilateral agenda with the emphasis on the prospects of ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmI2MjQyOWVkMTI
It’s paradise – for some
On the shore of Koh Kong province’s Kiri Sakor district overlooking a cluster of islands, a flourishing new golf course lies vacant but for a handful of workers tending its empty greens. The Romanesque hotel behind it, replete with a bold central dome, luxury VIP suites ...
May Titthara and David Boyle
http://www.phnompenhpost.com/national/its-paradise-%E2%80%93-some
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
Standoff in Areng Valley continues
Seven Chinese nationals were prevented from entering the Areng Valley in Koh Kong province yesterday as locals continued their standoff with the operator of the Stung Cheay Areng dam concession, villagers at the scene said. Ven Vorn, a community leader among those blocking a road used ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/standoff-areng-valley-continues