News

GMAC members double

The number of companies registering to become members of the Garment Manufacturing Association in Cambodia (GMAC) doubled last year, with more investment in value-added products. GMAC said the number of new members reached 120 last year, compared with 60 newcomers in 2011. “Labour-intensive industries in China ...

http://www.phnompenhpost.com/2013013061067/Business/gmac-members-double.html

Siem Reap Theft Fears Rise

Fears of theft are on the rise among market vendors in a tourist district in Cambodia’s Siem Reap province, the gateway to the world-renowned Angkor archeological site. Vendors at a market in Puok district said they had lost a lot of money following a slew of ...

http://www.rfa.org/english/news/cambodia/siem-reap-01302013174007.html

Bunong Say They Don't Want Private Land Titles

Ethnic Bunong villagers living in Mondolkiri province’s Pech Chreada district have sent a petition to the Ministry of Land Management, urging the government to refrain from issuing them private land titles, local officials said yesterday. This way they may instead to eligible for a communal title ...

http://www.cambodiadaily.com

Mfone $65 million in debt

Failed Cambodian telco Mfone owes at least $65 million to multiple creditors that sources say include the government. A court injunction to freeze Mfone‘s assets, obtained by the Post yesterday, shows Mfone owes Chinese telco provider Huawei Technologies more than $65 million. Phnom Penh Municipal Court judge ...

http://www.phnompenhpost.com/2013013061068/Business/mfone-65-million-in-debt.html

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Last Year Saw More New Firms Register

Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...

http://www.cambodiadaily.com

Government Asks for Asian Development Bank's Help on Railway

The government yesterday asked the Asian Development Bank (ADB) to continue to help Cambodia’s troubled railway rehabilitation project, which is in desperate need of more funding in order to complete the network’s northern line. Foreign Affairs Minister Hor Namhong met with the ADB’s recently appointed country ...

http://www.cambodiadaily.com

E-card holders concerned about SIM card exchange

Mfone e-card holders are concerned that the cards can no longer be used after the change from Mfone’s SIM card to Cellcard’s SIM and, along with officials, are unsure of a solution. Wholesalers and retailers have expressed concern that they will lose money when the scratch ...

http://www.phnompenhpost.com/2013012961038/Business/e-card-holders-concerned-about-sim-card-exchange.html

Huge rosewood haul seized in Preah Vihear province

Senior members of the Royal Cambodian Armed Forces (RCAF) yesterday seized about a tonne of luxury rosewood near the house of a two-star general in the Choam Ksan district of Preah Vihear province after a night hunting for illegal smuggling. General Ngeth Chanthon, deputy general of ...

http://www.phnompenhpost.com/2013012961042/National/huge-rosewood-haul-seized-in-preah-vihear-province.html

MoU to improve tech skills

A Thailand-based technical university yesterday signed two memorandums of understanding (MoUs) with technical training institutes in Cambodia to improve human resources in the technical sector. The MoUs were signed between the Thai Rajamangala University of Technology and the National Polytechnic Institute of Cambodia and the National ...

http://www.phnompenhpost.com/2013012961037/Business/thailand-cambodia-sign-agreement-to-improve-tech-skills.html

Cambodia begins to construct 3-storey stock market building in capital center

Cambodia’s Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build ...

http://news.xinhuanet.com/english/world/2013-01/28/c_132133406.htm

Capital ideas for developers

Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...

http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers

Hun Sen completes land titling mission in Koh Kong

Prime Minister Hun Sen presented land titles Monday to 513 families in Thmorbang district, an official said. The land titles cover 1,504 hectares in Tropang Cheurtrav and Korki villages in Russey Chrum commune. The official said Monday’s ceremony marked the completion of a land-titling mission launched ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTk0ZGYxM2I5Mjc3MWY2NWFjNTIzMTExNDJkNDA5

Fish exports performed swimmingly in 2012

Exports of Cambodian fish and shellfish products reached 1,618 tonnes last year, worth $3.5 million, a 16 per cent increase from 1,391 tonnes in 2011, according to figures from the Ministry of Commerce. “A major share of the total exports last year was from saltwater fish ...

http://www.phnompenhpost.com/2013012861017/Business/cambodian-fish-exports-performed-swimmingly-in-2012.html

Israel envoy pledges to boost tourism, agriculture ties with Cambodia

Bangkok-based new ambassador of Israel to Cambodia Simon Roded on Monday expressed Israel’s desires to promote bilateral ties with Cambodia in tourism and agriculture. Speaking during presenting credentials to President of Cambodia ‘s National Assembly Heng Samrin, who received the credentials on behalf of King Norodom ...

http://news.xinhuanet.com/english/world/2013-01/28/c_132133078.htm

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