Economy and commerce
Raid nets fake Carabao energy-drink labels
Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...
Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels
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
Raid nets fake Carabao energy-drink labels
Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...
Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels
Raid nets fake Carabao energy-drink labels
Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...
Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels
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
ADB sees strong growth for developing Asia in 2015 and 2016
Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing ...
The Cambodia Herald News Staff
http://bit.ly/1DWutVM
51% stake for private sector in SPV for four countries including Cambodia, Myanmar
The government plans to rope in private firms for Prime Minister Narendra Modi’s big diplomatic push to ‘Act East Policy’, with its proposed special purpose vehicle for investment in Cambodia, Myanmar, Laos and Vietnam set to offer up to 51 per cent stake to the ...
Deepshikha Sikarwar
http://bit.ly/1C6Hhpf
Cambodian massage parlours told to shape up
Cambodia’s massage palours and spa centres are now required to have at least 30 per cent of their staff trained and certified or risk having their business permits revoked, according to a new directive from the Ministry of Tourism. The directive seeks to professionalise the practice ...
Charles Rollet
http://www.phnompenhpost.com/cambodian-massage-parlours-told-shape
Japanese firms look to expand
Japanese companies in the Kingdom are looking at expanding local operations as business confidence for 2015 is expected to rise on account of higher projected sales and operating profits, according to a survey conducted by the Japanese External Trade Organization. The survey, which looked at Japanese ...
Hor Kimsay
http://www.phnompenhpost.com/japanese-firms-look-expand
Food safety law being drafted by government
The government is drafting a new food safety law in an effort to better protect consumers, a Health Ministry spokesman Friday. ...
Kang Sothear
https://www.cambodiadaily.com/news/food-safety-law-being-drafted-by-government-80503/
Beeline bought by Metfone
Mobile operator Beeline sold its assets and licenses to Viettel (Cambodia) Pte. Ltd (Metfone), according its statement. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/beeline-bought-by-metfone-8328
VN sees success in seizing HK rice market from Thailand
Vietnam has gained a substantial share of Hong Kong’s rice market at the expense of Thailand, resulting from fierce competition over the past 10 years. Thailand’s market share in the first month of this year was up to 65.1 per cent versus Vietnam’s 26.3 per ...
Wichit Chaitrong
http://bit.ly/1xdk5Hd
Vietnam to join Asean rubber council
Vietnam has agreed to join Thailand, Malaysia and Indonesia in a regional trading network aimed at shoring up rubber prices. Thailand has lobbied other rubber-producing countries in the region, including Laos, Cambodia and Myanmar, to form the council. Officials are expected to meet on April ...
Bangkok Post News Staff
http://www.bangkokpost.com/business/news/499132/vietnam-to-join-sea-rubber-council
Food safety needs tightening
The Cambodian government will introduce a food-safety law later this year that would see the Kingdom adopt a set of national food safety standards and ensure greater coordination across ministries, according to a health official. Aing Hoksrun, chief of the food bureau at the Department of ...
Ananth Baliga
http://www.phnompenhpost.com/food-safety-needs-tightening
Plaza extends network to Cambodia
Hong Kong-based company Plaza Premium Lounge Management Limited (Plaza Premium), will design and operate airports lounges at the newly built terminal extensions of Phnom Penh and Siem Reap international airports. Both terminals will be fully operational next year. ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2015/03/plaza-extends-network-to-cambodia/
Hun Sen, Abe agree to strengthen economic relations: report
Prime Minister Hun Sen and his Japanese counterpart Shinzo Abe agreed Sunday to strengthen economic relations between the two countries, Jiji Press reported. ...
The Cambodia Herald News Staff
http://bit.ly/1xtw3Xz
Malaysians flocking to Cambodia to do business
Malaysians have been flocking to Cambodia since the 1990s and for some years, they were the largest investors, with official data showing that from 1994 to 2001, Malaysian investments comprised nearly a third of all investments and nearly 80% of total Asean investments. ...
Tan Ju-Eng
http://bit.ly/1NZ0AHj
China hugely contributes to world economy, says Cambodian scholars
China has greatly contributed to the development of the world economy, even though it is still a developing country, scholars in Cambodia said Sunday. “China helped other Asian economies to recover from the Asian financial crisis in 1997, assisted the Eurozone to recover from the ...
The Cambodia Herald News Staff
http://bit.ly/1O1mABr
Advans SA increases holdings in local MFI
Luxembourg-based Advans SA Group and two other foreign investors have increased their share holdings in local microfinance institution Amret, giving Advans a controlling stake in the company. Claude Falgon, executive director of Advans SA SICAR, said that since the first stake acquisition, the business had acquired ...
May Kunmakara
http://www.phnompenhpost.com/advans-sa-increases-holdings-local-mfi
Cambodia rides out recession smoothly
Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, ...
Ananth Baliga
http://www.phnompenhpost.com/cambodia-rides-out-recession-smoothly
Products edge closer to GI status
Feasibility studies on achieving Geographical Indication status for Thma Koul rice, Kampot durian and Cambodian golden silk have been completed, officials said yesterday. Ouk Prachea, secretary of state at the Ministry of Commerce, said the ministry was waiting for the results of the studies done by ...
Chan Muyhong
http://www.phnompenhpost.com/products-edge-closer-gi-status
Thai firm latest to offer lease financing
Sousdey Finance, a subsidiary of Thitikorn Limited in Thailand, will start a financial hire-leasing service for motorbikes in Phnom Penh, with an initial start-up fund of $100,000. ...
Hor Kimsay
http://www.phnompenhpost.com/thai-firm-latest-offer-lease-financing
Cambodia on verge of transitioning from low-income to middle-income country: ADB chief
Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...
The Cambodia Herald News Staff
http://bit.ly/1Eal4qY
Choppers, salesman pitch over capital
In an effort to sell more helicopters in the Kingdom, Airbus Helicopter Southeast Asia showed off its H130 chopper yesterday, during a short demonstration flight in Phnom Penh. ...
Hor Kimsay
http://www.phnompenhpost.com/choppers-salesman-pitch-over-capital