Cambodia Inaugurates China-funded Road in N Provinces
Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province’s Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...
Cambodia To be Free from ODA in 2030
Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon announced that Cambodia would be free from the Official Development Assistance (ODA) by 2030. Speaking to the U.S. Ambassador to Cambodia H.E. William E. Todd in a discussion at the ministry yesterday, H.E. Keat ...
Small Signs Show Investors Slowly Diversifying in Cambodia
The lastest investment data from the government shows that Cambodia’s economy is moving away from the long-trusted staple of the garment sector and into more compplex industries. For more than a decade, garments have accounted for the lion’s share of the country’s export market as investors shied away ...
Vehicle Imports up 45 pct in first half
Ministry of Commerce officials maintained that low import taxes and increased demand from consumers were the causes behind the 45.26 increase in vehicle imports in the first half of 2012 compared to the same period last year. The data showed 486,827 vehicles, of all makes and ...
In Cambodian Courts, Scales of Justice Are Tilted
An investigation into the February shooting of three female garment workers by the former governor of Bavet City, Chhouk Bundith, will be completed and sent to a prosecutor for review by the end of the week, a Svay Rieng Provincial Court official said yesterday. Despite the ...
UN Secretary General will visit Cambodia in November
UN Secretary-General Ban Ki-moon will visit Cambodia in November to attend the 21st ASEAN Summit and East Asia Summit, a senior UN official said here Thursday. Noeleen Heyzer, UN Under Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), ...
Court grants delay in K Chhnang land dispute
Kampong Chhnang villagers who have been hit with a new lawsuit over property that they and the wife of a senior government official both claim said yesterday that coming to court would be impossible, as they did not have a defense lawyer and needed time to locate ...
Danish company to create new industry in Cambodia
The Danish company Go4 Bunker, which has developed their “Smart bunker system” in partnership with Shenfei Group Co and Maersk Broker K/s, wants to partner with Cambodian companies to develop not only the Cambodian Offshore Marine Fuel Oil Business, but also related business in connection ...
http://www.scandasia.com/viewNews.php?coun_code=kh&news_id=11271
Workers given lesson in how not to faint
Education garment workers and their bosses on how to avoiding fainting is the latest strategy the Ministry of Labor is using to address a problem that has plagued the industry in the past two years, a ministry official said yesterday. Labor Ministry Secretary of State Oum Mean said he ...
Maruhan Japan Bank buys stake in MFI β Sathapana
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ...
http://www.cbre.com.kh/2012/11/maruhan-japan-bank-buys-stake-mfi-sathapana/
CIMB Bank Opens 4 new Branches in Cambodia
In an effort to reach a crowing number of customers in the agricultural sector Malaysia based CIMB bank Plc on Friday opened 4 new branches in Phnom Penh, Battambang and Kompong Cham cities. CIMB wants to provide loans to customers in the rice, ...
Criticism Continues of Shortcomings in Asean Rights Declaration
Criticism continued yesterday of the Asean Human Rights Declaration, which was signed in Phnom Penh on Saturday after regional leaders decided to make last-minute revisions that were widely deemed as inadequate. U.N. experts ans civil society groups criticized the lack of consultation in drawing up the ...
Starbucks to open its first outlet in Vietnam
Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...
Cambodia's tax revenue up 25 pct in 2012
The government of Cambodia has collected 740 million U.S. dollars of tax in 2012, a 25 percent rise year-on-year, the General Department of Taxation said Wednesday. The revenues have been collected from tax on profit, withholding tax, tax on salary, VAT (Value Added Tax), special tax ...
http://news.xinhuanet.com/english/business/2013-01/09/c_132091572.htm
Huge rosewood haul seized in Preah Vihear province
Senior members of the Royal Cambodian Armed Forces (RCAF) yesterday seized about a tonne of luxury rosewood near the house of a two-star general in the Choam Ksan district of Preah Vihear province after a night hunting for illegal smuggling. General Ngeth Chanthon, deputy general of ...
Cambodia boosts attraction of foreign visitors in 2013
Cambodian Tourism Minister H.E. Dr. Thong Khon said: Cambodia, Laos and Myanmar had gained high growth of tourist arrival in 2012 for Asean region. “Cambodia is continuing its work including promotion to the outside world to attract tourists to see the country.” he said this week. ...
Ecotourism in Cambodia up 9.7 per cent
Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...
http://www.phnompenhpost.com/2013021461366/Business/ecotourism-in-cambodia-up-9-7-per-cent.html
Study set to streamline customs procedures in Cambodia
Customs procedures are being examined in a time-release study to identify issues that can affect Cambodia’s trade competitiveness. According to experts, the study is an important tool to improve the Kingdom’s investment climate. The study will be conducted and organised by the GDCE with support ...
BUSINESS IN BRIEF 27/2: Cambodia, Laos Rubber
The area under Viet Nam Rubber Group’s cultivation in Laos and Cambodia totals 100,000 ha, including 27,000 ha under the group’s seven rubber projects in Laos. By the end of 2012, VRG had 21 rubber projects in Cambodia, including 19 rubber tree plantations and ...
http://english.vietnamnet.vn/fms/business/67334/business-in-brief-27-2.html
HLB gets nod to open bank in Cambodia
Hong Leong Bank Bhd (HLB) has received approval from Cambodia’s Ministry of Commerce to open a wholly-owned, locally incorporated commercial bank in Cambodia. HLB said with a capital of US$37.5 million (RM116.2 million), Hong Leong Bank (Cambodia) Plc will commence operations in Cambodia within ...