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 ...
China's Taiwan opens 2nd bank in Cambodia
Taiwan Cooperative Bank, one of the leading banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd bank from China’s Taiwan in Cambodia after the Mega ...
No Power Leads to No Water In Sihanoukville
The water shortage that has led to tens of thousands of households in Sihanoukville without running water for the past week occurred after provincial officials decided to limit power to a water pumping facility operated by the tourist town’s privately-owned distributor, a manager at the ...
http://www.cambodiadaily.com/news/no-power-leads-to-no-water-in-sihanoukville-16858/
ចំនួនដំរីអាស៊ីកំពុងកើនឡើង នៅខេត្តមណ្ឌលគិរី
អង្គការសមាគមអភិរក្សសត្វព្រៃ (WCS) ដែលមានមូលដ្ឋាននៅទីក្រុងញ៉ូវ យ៉ក បានបង្ហាញពីវីដេអូរបស់ហ្វូងសត្វដំរីអាស៊ីព្រៃ នៅក្នុងស្រុក កែវ សីមា ខេត្តមណ្ឌលគិរី ដែលបង្ហាញពីទេសភាពកម្រមួយនៃសត្វប្រភេទ រងគ្រោះជិតផុតពូជ ...
Lauren Crothers
http://www.cambodiadaily.com/news/in-mondolkiri-province-asian-wild-elephants-are-thriving-19970/
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins international (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Food prices up 1.6 pct in April
Cambodia saw a one per cent rise in inflation in April compared with the same month last year, according to the latest data from the National institute of Statistics (NIS). Sim Ly, an official at the NIS said there was a slight increase in food and ...
http://www.phnompenhpost.com/2013070566683/Business/food-prices-up-1-6-pct-in-april.html
Cambodia's Top Trade Union Backs Opposition in Polls
Cambodia’s Free Trade Union (FTU), one of the biggest unions in the country, threw its weight Monday behind the largest opposition party ahead of upcoming elections, citing the party’s commitment to raising the minimum wage for factory workers. Union representatives from 37 factories and enterprises met ...
http://www.rfa.org/english/news/cambodia/workers-07152013192923.html
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
$10 mln to protect ecosystems in Southeast Asia
The Critical Ecosystem Partnership Fund has committed to provide another $10 mln U.S. in grants to address the environmental crisis engulfing mainland Southeast Asia. The ground-breaking biodiversity fund was launched in 2008. During the first phase, $10 mln was invested in efforts to conserve the critical ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZmM3ZDQzYjBiMmV
Initial Mapping For Communal Titles Underway in Mondolkiri
Initial mappIng of three ethnic mInority Banong communities In Mondolkiri provInce got underway yesterday, a critical step In their plans to gaIn much coveted communal titles to their ancestral land. Established by the 2001 Land Law, communal land titles were designed specifically to protect the ancestral ...
Ratanakkiri Clean Water Facility to Open in May
Ratanakkirri province’s first privately owned water treatment facility will begin to supply clean drinking water to thousands of households in Banlung City on May 1, but residents will have to pay a premium for its use, officials said yesterday. The $1.7 million facility being built ...