Economy and commerce

Birds and eggs banned from entering Thailand from Cambodia; vehicles sprayed at border points

Top officials from the Livestock Development Department inspected the work of the animal quarantine center in Sa Kaew province, located on the shared border with Cambodia. Officials at the quarantine center, situated at Ban Khlong Luek permanent border point, now implements such measures as spraying ...

http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNEVN5603050010002

Cambodia launches arbitration body to deal with commercial disputes

Cambodia officially launched the long-awaited National Arbitration Center (NAC) on Monday, aiming at enhancing business environment and attracting more local and foreign investors. Speaking at the launching ceremony, Minister of Commerce Cham Prasidh said the government is committed to improving and enhancing Cambodia’s business environment and ...

http://news.xinhuanet.com/english/business/2013-03/04/c_132207640.htm

Houses bulldozed because of land

Sihanoukville authorities bulldozed homes in the Steung Hav district on Tuesday following a verdict made by Sihanoukville Provincial Court. In the demolition, authorities had used about 100 police officers and several machines to bulldoze around 18 houses. The land had been a topic of ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTI4Y2VjMzgyMmZ

Final Wage Offer for Garment Workers Is $75

The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...

http://www.cambodiadaily.com/

Mfone Employees Demand Unpaid Salaries

More than 100 former employees of the bankrupt mobile telephone company Mfone protested outside the firm’s shuttered offices in Phnom Penh yesterday, demanding that they receive salaries for working the month of February despite the company having already gone out of business. Mar Samoeun, 64, ...

http://www.cambodiadaily.com/

Thais to set up maize plant

THAI agribusiness giant Charoen Pokphand (CP) Foods is setting up a new silo and drying plant for maize in Pailin province. The exact investment cost is not known. According to a newspaper report in The Nation, the plant, together with a planned feed-meal plant in Laos, ...

http://www.phnompenhpost.com/2013030561742/Business/thais-to-set-up-maize-plant.html

Cambodia To Become Lower-Middle-Income Nation By End of 2013: PM

Cambodian Prime Minister Hun Sen said Monday that the country would move from the status of a low-income to a lower-middle-income nation by the end of this year. “We acknowledge that we are in the status of a low-income country with GDP per capita of less ...

http://www.globaltimes.cn/content/765648.shtml

The Snap Look at Software Business

IT businesspeople see the potential demand in business software. Ms. Sok Channda, CEO and President of ANANA Group, tells Business Circle Magazine that because most businesses need to be controlled and managed systematically, demand for software development is experiencing an upward trend, including Point of Sale (POS) systems, inventory management systems, and software ...

http://www.bcmagz.com/the-snap-look-at-software-business.html

CPF subsidiaries investing Bt250m in Laos, Cambodia

CP Laos and CP Cambodia are investing a combined Bt250 million to set up a new silo for maize in Cambodia and a new feed-meal plant in Laos to strengthen CPF’s integrated agricultural-industrial business as the Asean Economic Community (AEC) approaches. Most recently, the company ...

http://www.nationmultimedia.com/business/CPF-subsidiaries-investing-Bt250m-in-Laos-Cambodia-30201178.html

Cambodia's Public Debt

According to the [inter]national Monetary Fund (IMF), at the end of 2011, the stock of Cambodia’s external public debt, including arrears, stood at around US 3.8 billion or 30 percent of GDP (24 percent in NPV terms). China remains the largest bilateral creditor, contributing to ...

http://www.cambizreview.com/

Demand for wage increases rejected

Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...

http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC

Siem Reap Power Cut Hurts Tourism Industry

Three days after it went out, power had yet to be restored to large parts of Siem Reap province yesterday, badly impacting local businesses in the popular tourist hub of Siem Reap City and seeing a rush of people to buy generators. The power failure followed ...

http://www.cambodiadaily.com/

Naga World Boss Acquires Billionaire Status

The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. The magazine, which calculates the wealth of individuals using company data, published a list of the ...

http://www.cambodiadaily.com/

Acleda seeks bidders for ATM drive

Cambodia’s largest commercial bank, Acleda, plans to install 30 automatic teller machines (ATMs) this year as the bank expects about a million new depositors during the coming year. Acleda president and chief executive In Channy told the Post yesterday additional ATMs would be installed in Phnom ...

http://www.phnompenhpost.com/2013030461728/Business/acleda-seeks-bidders-for-atm-drive.html

Cambodia launches green growth plan 2013-2030

Cambodia on Friday adopted the national policy and strategic plan for green growth 2013-2030, aiming at developing the economy with consideration for environmental and natural resources sustainability. It said the country has already adopted several legal instruments for the green growth implementation. Those included ...

http://news.xinhuanet.com/english/world/2013-03/01/c_132201617.htm

HLB gets nod to open bank in Cambodia

Hong Leong Bank Bhd (HLB) has received approval from Cambodia’s Ministry of Commerce to open a wholly-owned, locally incorporated commercial bank in Cambodia. HLB said with a capital of US$37.5 million (RM116.2 million), Hong Leong Bank (Cambodia) Plc will commence operations in Cambodia within ...

http://www.thesundaily.my/news/626717

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