News
Car sales sputter on tax hike
Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...
Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike
Audi opens dealership in capital
Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday. The 2,000-square-metre showroom on Monivong Boulevard currently holds just two of the German carmaker’s models, the Q7 and the A8L, with prices ranging between $135,000 and ...
Hor Kimsay
http://phnompenhpost.com/business/audi-opens-dealership-capital
Mercedes halts imports over luxury tax
The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, ...
George Styllis
http://www.cambodiadaily.com/business/mercedes-halts-imports-over-luxury-tax-56050/
Mixed results for local dealerships
The new year has brought with it a mixed outlook for the vehicle market, as dealers post both positive and negative sales figures for 2013. Pily Wong, chief executive of Mercedes-Benz and Volkswagen distributor Hung Hiep (Cambodia), said sales had been seriously affected by the Kingdom’s ...
Chan Muy Hong
http://www.phnompenhpost.com/business/mixed-results-local-dealerships
Recovering supply lifts car sales
Thanks to a more stable and undisturbed supply chain, sales of new cars in Cambodia have risen dramatically over the first six months of this year compared with the same period in 2012. But the purchases pale in comparison to the country’s thriving second-hand market. Kong ...
http://www.phnompenhpost.com/2013070466651/Business/recovering-supply-lifts-car-sales.html
Pirated Software May Threaten Garment Firms
Garment factories run the risk of having their cargo confiscated by U.S. customs authorities if they continue using pirated computer software in their administrative operations, and may be prosecuted under a law that requires all manufacturers to use licensed digital software, according to a local ...
http://www.cambodiadaily.com/business/pirated-software-may-threaten-garment-firms-28459/
Cambodia Far From Intellectual Property Targets
Cambodia is still a way off implementing World Trade Organization (WTO) rules on intellectual property rights, despite a deadline to do so in just over a month. At the end of June, the group of the world’s 49 least developed countries (LDCs), including Cambodia, run out ...
http://www.cambodiadaily.com/business/cambodia-far-from-intellectual-property-targets-26805/
New car sales back on track
New car sales noticeably increased in the first quarter of this year, a contrast to the year earlier period when sales dropped compared with the first quarter of 2011, officials said. Major car dealers in Cambodia said yesterday the jump is due to improvements in ...
http://www.phnompenhpost.com/2013041265053/Business/new-car-sales-back-on-track.html
Isuzu distributor opens showroom near airport
K (Cambodia), an authorised dealer of Isuzu Motors, opened a new showroom near Phnom Penh International Airport yesterday that will be the cornerstone for Isuzu Motors’ planned long-term investment in the Kingdom, a K (Cambodia) official said. “The new showroom for Isuzu vehicle is to serve ...
Luxury Motor Show takes on Used Car Market
At Cambodia’s first ever international motor show over the weekend, top-end car manufactures including Mercedez-Benz, BMW and Ford presented their luxury range of SUV’s, sedans pickup trucks and motorbikes. Vehicle imports to Cambodia, which include cars, trucks and motorcycles, more than doubled to 1.9 million ...