News

Better Factories Cambodia Slammed by Stanford Researchers

The International Labor Organization’s (ILO) Better Factories Cambodia program (BFC) must employ more transparency in their monitoring of Cambodia’s factories in order to effectively bring change to the country’s working and wage conditions, a report launched yesterday says. According to “Monitoring in the Dark” a ...

http://www.cambodiadaily.com/news/better-factories-cambodia-slammed-by-stanford-researchers-11011/

CPP Promises Oversight on Royal Group's Dam

The government has promised to monitor the progress of local conglomerate Royal Group in its implementation of a $781 million dam project in Stung Treng province, that has been guaranteed by the government, CPP lawmaker Cheam Yeap said yesterday. Mr. Yeap said yesterday that the ...

http://www.cambodiadaily.com

Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html

MTZ to set up Belarus-Mekong joint venture in Cambodia

Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about ...

http://news.belta.by/en/news/econom?id=706786

Cambodia greets 333,900 Chinese tourists in 2012, up 35 pct

Cambodia attracted 333,900 Chinese tourists last year, a 35 percent rise compared with 247, 200 Chinese visitors in a year earlier, according to a report of the Ministry of Tourism on Tuesday. “We see a steady rise of Chinese tourists to Cambodia from year to ...

http://news.xinhuanet.com/english/travel/2013-02/12/c_132165732.htm

Philippines seeks closer ties with Cambodia

Philippines Vice President Jejomar Binay says Cambodian Prime Minister Hun Sen supports the signing of agreements between Manila and Phnom Penh in rice trading and in fighting transnational crime. Cambodian officials have also expressed interest in launching direct flights between Manila and Phnom Penh. ...

http://www.abc.net.au/news/2013-02-09/an-philippines2c-cambodia-seek-stronger-ties/4510270?section=business

Japanese delegation seeks business options

Some 140 Japanese investors arrived in Cambodia yesterday to meet with local government leaders and other stakeholders in an effort to boost economic cooperation between the two countries. According to the Japanese Embassy in Cambodia, the delegation arrived in the country yesterday afternoon, following a visit ...

http://www.phnompenhpost.com/2013020861255/Business/japanese-delegation-seeks-business-options.html

Naga Corp Reports 23 Percent Profit Growth

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/

Longan farmers in Pailin plan factory

A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ...

http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html

Hospitality sector booked out for Lunar New Year

When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...

http://www.phnompenhpost.com/2013020861256/Business/hospitality-sector-booked-out-for-lunar-new-year.html

Cambodia's energy costs deter investors

Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...

http://www.phnompenhpost.com/2013020761221/Business/cambodia-s-energy-costs-deter-investors.html

Investors from Korea relocate to Cambodia

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...

http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html

Cambodia attracts 9.17 bln USD investment from China in last 18 years

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

http://news.xinhuanet.com/english/business/2013-02/06/c_132154931.htm

Cambodian rice millers to boost exports

Rice millers and exporters are optimistic that they will see an increase in exports this year after they received higher orders toward the end of 2012, producers said yesterday. Toch Tepech, president of the Svay Rieng Rice Millers Association, told the Post he had exported over ...

Singaporean law firm expands to Cambodia

Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...

http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html

Siem Reap International Airport records 340,000 passengers in January, South Korea stands first row

PHNOM PENH: the Siem reap international airport announced today that it gained 340,000 passengers for January and the South Korean passengers stand first class. “This is first time in its history, [sic] the statement said. It adds: barely a month after crossing the 2-millionth passenger milestone, ...

http://thesoutheastasiaweekly.com/?p=5355

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