News

Land Is Life, and It’s Slipping Away

Nean Narin, a humble man and father of three children, says his family is going hungry. Narin lives in the village of Boeung Kak, situated on the edge of Cambodia’s capital, Phnom Penh. For years, he and other villagers relied on the Boeung Kak Lake ...

http://www.ipsnews.net/2013/02/land-is-life-and-its-slipping-away/?utm_source=dlvr.it&utm_medium=twitter

Major Cineplex comes to Cambodia

Thai-based movie theatre company Major Cineplex said it will build “a high-end lifestyle and entertainment complex” at the Aeon mall in Phnom Penh, hoping to capture Cambodia’s youth market in what it believes is a stable business environment for its entertainment products. While it sees prospects in ...

http://www.phnompenhpost.com/2013021461365/Business/major-cineplex-comes-to-cambodia.html

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

Scrutiny over hotel service fees in Cambodia

Major hotels are under the microscope after a labour rights group found that some have been failing to pass their entire service charge on to their staff, a violation of the Labour Law. Dave Welsh, country manager of the American Center for International Labor Solidarity(ACILS), said yesterday ...

http://www.phnompenhpost.com/2013021261316/National/scrutiny-over-hotel-service-fees-in-cambodia.html

Graduates fear career jobs woe

A year from now, 23-year-old Sum Tiara will graduate from the Royal University of Law and Economics with a degree in law. At the moment, however, she needs to earn a living and pay for her studies by working in bars and restaurants in Phnom Penh. ...

http://www.phnompenhpost.com/2013021261305/Business/graduates-fear-career-jobs-woe.html

Belarus eyes enhanced trade, investment ties with Cambodia

Belarus announced its firm stance to promote bilateral cooperation with Cambodia in trade, investment and tourism for mutual benefits, Vladimir Andreichenko, Chairman of the Belarus Parliament, said Monday. He expressed Belarus’s desire to operate a direct flight to Cambodia. He suggested that the two countries ...

http://news.xinhuanet.com/english/world/2013-02/11/c_132164406.htm

Manulife To Use Tuk-Tuks to Promote Services

Canada-based life insurance company Manulife Cambodia will launch a big advertising campaign on tuk-tuks this year to raise awareness of its services. Manulife Cambodia chief executive Robert J Elliott said the campaign would begin with 75 tuk-tuks. He believes between one and two million people ...

http://www.phnompenhpost.com/2013021161281/Business/manulife-to-use-tuk-tuks-to-promote-services.html

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

French Firm Out of Railway Rehabilition Project

The head of the government department in charge of railways made a dramatic about-face yesterday, saying that French construction firm TSO (Cambodia) Co. Ltd. was being thrown off the donor-funded railway rehabilitation project. Contacted on Tuesday, Ly Borin, director of the Transport Ministry’s railway department, denied ...

http://www.cambodiadaily.com

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/

Union files assault court complaint

The Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) filed legal complaints yesterday, following allegations on Wednesday that police had assaulted seven garment workers, including a pregnant woman. Sa’ang district police chief Chea Socheat yesterday again denied officers had been violent during a strike ...

http://www.phnompenhpost.com/2013020861260/National/union-files-assault-court-complaint.html

Government Orders Railway Repairs to Start

The government has ordered French construction firm TSO (Cambodia) Co. Ltd. to resume work repairing the railway line between Phnom Penh and Serei Saophoan City in Banteay Meanchey province, an official said yesterday. The French firm has been contracted to rehabilitate the France-build railway – a ...

http://www.cambodiadaily.com

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

$4m restaurant reflects growing Chinese presence in Cambodia

Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...

http://www.phnompenhpost.com/2013020561175/Business/4m-restaurant-reflects-growing-chinese-presence-in-cambodia.html

India to supply HR development assistance

Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...

http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html

Cambodia to boast its first tractor factory

Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por Sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ...

http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html

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