News

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

Cambodia, UK trade volume reaches $750 million in 2012

The United Kingdom embassy in Phnom Penh said today that bilateral trade volume between the two kingdom had reached to $750 million, an increase of 27 per cent if compared  to 2011. British Ambassador Mark Gooding welcomed the increasing trade between the UK and Cambodia.  “bilateral ...

http://thesoutheastasiaweekly.com/?p=5656

Mekong nations urged to protect migrant workers

The Mekong Migration Network yesterday ended a three-day symposium by urging countries in the Mekong basin to provide migrant workers with sufficient legal protections and to improve their working and living conditions. The network brought together 72 representatives of governments, academic institutions, INGOs, NGOs and migrant ...

http://www.nationmultimedia.com/aec/Mekong-nations-urged-to-protect-migrant-workers-30200972.html

Villagers Pray to Spirit to Delay Dam Construction

More than 500 villagers from Stung Treng and Ratanakiri provinces held a traditional sacrificial ceremony yesterday, calling on a local spirit to help in postponing the construction of a 400-megawatt hydropower dam in Stung Treng’s Sesan district. Siek Megong, Srekor commune chief, said the villages ...

http://www.cambodiadaily.com

Boeung Kak Evictees Ask City Hall For Better Compensation

About 100 women forcibly evicted from Phnom Penh’s Boeung Kak neighbourhood protested outside City Hall yesterday asking for upgrades to the compensation they accepted under duress to give up their homes. The women said they were representing 739 of the more than 3,000 families forced out ...

http://www.cambodiadaily.com

ACU to act on Telecom claims

The president of the group responsible for rooting out government graft said yesterday that his investigators will look into allegations of corruption filed by state-owned Telecom Cambodia (TC) employees against the director-general of the company, Lao Saroeun. Anti-Corruption Unit (ACU) President Om Yentieng told reporters after ...

http://www.phnompenhpost.com/2013022861665/National/acu-to-act-on-telecom-claims.html

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