Economy and commerce
Rice federation seeking loan
The Cambodian Rice Federation (CRF) is seeking financing from China’s Export-Import Bank (Ex-Im) to build much-needed infrastructure such as warehouses and drying facilities to hopefully increase milled rice export capacities. Sok Puthyvuth, president of the CRF told the Post yesterday that the CRF had set up ...
May Kunmakara
http://phnompenhpost.com/business/rice-federation-seeking-loan
Gov't audit shows Vietnam Rubber Group missing millions
Contentious plantation giant Vietnam Rubber Group reportedly “lost” nearly $391 million of state funds over five years, including $22.75 million from a rubber plantation in Cambodia, an official investigation into the firm’s dealings has found, according to Vietnamese media. Hanoi’s anti-corruption body, the General Inspectorate, last ...
Daniel Pye and May Titthara
http://phnompenhpost.com/national/govt-audit-shows-vietnam-rubber-group-missing-millions
No boycott: Union meet could decide wage today
Independent labour unions will take part in the Ministry of Labour’s Labour Advisory Committee (LAC) meeting today, possibly making their decision on next year’s minimum wage in Cambodia’s garment sector. NIFTUC and the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) considered boycotting the LAC ...
Sean Teehan
http://phnompenhpost.com/national/no-boycott-union-meet-could-decide-wage-today
Cambodia to host international motor show early next year
Cambodia will host an international motor show from Feb. 12 to 15, aiming to develop the country’s auto industry and attract more tourists, officials said Tuesday. Information Minister Khieu Kanharith said at a press conference that the demand for vehicles in Cambodia has remarkably increased in ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141111/cambodia-host-international-motor-show-early-next-year
New lotto company enters a shrinking industry
A Hong Kong company is hoping to attract a sizeable slice of Cambodia’s lottery market with the opening of outlets in Phnom Penh and around the country next month, according to the CEO of the firm’s local subsidiary. EGame Solutions, the parent company of Cambodian Mark ...
George Styllis
http://www.cambodiadaily.com/business/new-lotto-company-enters-a-shrinking-industry-72046/
Cambodia, Japan trade up
Cambodia is quickly becoming a hub for Japanese exports, according to the latest figures from the Japan External Trade Agency, JETRO. The state-run agency’s latest trade figures show Cambodia exported more than $584 million worth of locally made products to Japan over the first nine months ...
Hor Kimsay
http://phnompenhpost.com/business/cambodia-japan-trade
Cambodia to discuss garment sector wages next week
A Cambodia government-appointed Labour Advisory Committee (LAC) may decide on a new minimum monthly wage for garment sector workers when it meets next week, just-style has been told. The committee is due to meet on Wednesday (12 November), when it will discuss whether to increase the ...
Poorna Rodrigo
http://www.just-style.com/news/cambodia-to-discuss-garment-sector-wages-next-week_id123496.aspx
Housing loans up in Cambodia but down in Singapore
Two of the biggest real estate lenders in Cambodia and Singapore this week reported big movements in housing loans in their respective domestic markets. Cambodia’s Acleda Bank saw housing loans jump by 22 percent in the first quarter, year-on-year, and attributed this handsome growth to better ...
Property Report News Staff
http://www.property-report.com/housing-loans-up-in-cambodia-but-down-in-singapore-36957
Evalliance & GMAC sign MoU to support Cambodian garments
The French textile and garment association (Evalliance) has entered into an agreement with the Garment Manufacturers Association of Cambodia (GMAC) to promote the Cambodian textile and garment industry. ...
Fibre2fashion News Staff
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=168702
Cathay Pacific to start freighter service to Phnom Penh, Cambodia
Cathay Pacific Airways has announced the extension of its freighter network with the launch of new services to Cambodian capital city Phnom Penh. ...
LBR Freight Air News Staff
http://air.logistics-business-review.com/news/cathay-pacific-to-start-freighter-service-to-phnom-penh-cambodia-041114-4426296
New companies registered in Cambodia jump 36 pct in 9 months
Cambodia has issued operating licenses to 3,025 new companies in the first nine months of 2014, up 36 percent over the same period last year, the Ministry of Commerce said on Tuesday. Foreign companies were 1,335, an increase of 20 percent, as local registrations saw a ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141104/new-companies-registered-cambodia-jump-36-pct-9-months
Grand twins workers go back on strike despite court order
About 5,000 workers from the Grand Twins International (GTI) garment factory in Phnom Penh who have been striking over wages and working conditions briefly returned to their stations Thursday in compliance with a court order, but resumed protesting the next day after rumors spread that ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/news/grand-twins-workers-go-back-on-strike-despite-court-order-71703/
Donaco in negotiations to buy Cambodian casino business
Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ...
GGRAsia News Staff
http://www.ggrasia.com/donaco-in-negotiations-to-buy-cambodian-casino-business/
Belarus ratifies set of agreements with Cambodia
The House of Representatives of Belarus ratified a number of Belarusian-Cambodian agreements on 4 November, BelTA has learned. ...
Belarusian News News Staff
http://eng.belta.by/all_news/politics/Belarus-ratifies-set-of-agreements-with-Cambodia_i_77051.html
Cambodia imports vehicles worth 554 mln USD in 9 months
Cambodia spent 554 million U.S. dollars to purchase automobiles and motorcycles from foreign countries in the first nine months of this year, up 85 percent from 299 million U.S. dollars a year earlier, according to the Commerce Ministry Friday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-10/31/c_133756588.htm
Campu Bank sees gains in first 9 months
Cambodia Public Bank (Campu Bank), a subsidiary of the Malaysian Public Bank Group (PBB), posted strong gains during the first nine months of the year. ...
May Kunmakara
http://www.phnompenhpost.com/business/campu-bank-sees-gains-first-9-months
UXO injuries, deaths up in ’14
Landmine casualties more than doubled in the first eight months of this year compared to the same period in 2013, according to officials, who are pointing to the wider use of industrial agricultural equipment – such as tractors – as the reason for the uptick ...
Sean Teehan
http://www.phnompenhpost.com/national/uxo-injuries-deaths-14
Hun Sen to attend summit in China this weekend
Prime Minister Hun Sen will lead a delegation to attend the Dialogue on Strengthening Connectivity Partnership and the APEC CEO summit to be held from 7-9 November in Beijing, China, according to a press release issued by Ministry of Foreign Affairs Monday. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/hun-sen-to-attend-summit-in-china-this-weekend-7599
Court places two more union heads under supervision
Five of the six union leaders accused of alleged criminal activity during nationwide garment worker strikes and demonstrations in December and January are now under judicial supervision after two more of the group appeared before the Phnom Penh Municipal Court on Friday. ...
Mech Dara
http://www.cambodiadaily.com/news/court-places-two-more-union-heads-under-supervision-71584/
Cambodia tax system worse off
Cambodia’s taxation system fell five places on the World Bank’s 2015 Doing Business index (DBI). The index, which tallied up 230 business reforms from 189 economies, showed the ease of paying taxes in Cambodia has declined from position 85 in 2014 to 90 this year. Cambodia’s ...
Eddie Morton
http://phnompenhpost.com/business/cambodia-tax-system-worse
France to train garment firms
French textile and garment association Evalliance yesterday signed an agreement with the Garment Manufacturers Association of Cambodia (GMAC) to provide training for middle-management workers in the industry. Speaking at the signing ceremony in Phnom Penh, Van Sou Ieng, chairman of GMAC said the agreement aims to ...
Chan Muyhong
http://phnompenhpost.com/business/france-train-garment-firms
Cabinet approves the Thai-Cambodia railway bridge
The cabinet has approved a plan for a Thai-Cambodia railway bridge to achieve Southern Economic Corridor connectivity. ...
National News Bureau of Thailand News Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNPOL5710300010011
Cambodia, Thailand ink 3 deals to broaden bilateral ties
Cambodia and Thailand on Thursday signed three deals to pave the way for the two neighbors to broaden bilateral ties and cooperation, a Cambodian spokesman said. The deals aimed to enhance bilateral cooperation in tourism, fighting against human trafficking, and connecting a railway between the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/cambodia-thailand-ink-3-deals-to-broaden-bilateral-ties-7577
New regulations focus on healthy workplace, foreign workforce and labor identification documents
The deadline for submitting applications for foreign employee quotas is fast approaching. Employers must apply for the foreign labor quota before the end of November 2014 in order to employ foreigners in 2015. The Ministry of Labor and Vocational Training has recently issued a number ...
Max Howlett and Yun Sophal
http://www.thecambodiaherald.com/cambodia/new-regulations-focus-on-healthy-workplace-foreign-workforce-and-labor-identification-documents-7578