A national car for Cambodia
UK-based BIW automotive company on Friday signed a US$2 billion join venture investment with ACICA Automotive (Cambodia) to build a factory in Preah Sihanouk province for a Cambodian-made vehicle within the next three years. The agreement was made between BIW’s director Robin Bowyer and ACICA’s Group ...
http://www.phnompenhpost.com/index.php/2012091758751/Business/a-national-car-for-cambodia.html
Casinos flush with locals
At 7am, the border crossing from Vietnam to Svay Rieng’s Bavet town is already buzzing with the activity of foreign gamblers arriving for a day at the casinos along National Highway 1. But throughout the day, a steady trickle of Cambodian players make their way ...
Imported Delays Cap Pharma Growth
Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...
http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html
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
Questions follow on heels of hydropower dam Sesan 2 vote
Villagers near the Sesan River in Stung Treng province are a step closer to being forced to make way for a hydropower dam following a National Assembly vote on Friday, but they are no closer to learning the details of such a move, a community ...
http://www.phnompenhpost.com/2013021861415/National/questions-follow-on-heels-of-sesan-2-vote.html
MP urges government to scrap Koh Kong dam project
A dam project set to flood thousands of hectares of protected forest and displace about 1,500 indigenous minority villagers in one of Koh Kong province’s most precious ecosystems should be scrapped, opposition Sam Rainsy Party MP Son Chhay said yesterday. The 109-megawatt dam project in the ...
http://www.phnompenhpost.com/index.php/2012042055676/National-news/dont-dam-minority-mp-says.html
Young chief vs the system
Tek Nim is well versed in dealing with adversity. In year nine, she dropped out of school, began working on the family farm and finally became resigned to the belief that her brightest prospect was to leave Omlaing commune, in Kampong Speu province’s Thpong district, ...
http://www.phnompenhpost.com/index.php/2012070357164/National-news/young-chief-vs-the-system.html
Conference urges Cambodia to boost energy efficiency
Officials at a recent energy conference in Phnom Penh stressed that Cambodia needed to use energy more efficiently to meet regional goals, boost economic development and lower overall harm to the environment. More than 150 energy officials from the public and private sectors came together for ...
Not all app stores online
Smartphones and the accompanying online stores that sell applications for them may be gaining ground across emerging markets, according to a study conducted by a London-based telecommunications research and analysis firm, but Cambodia’s market is limited by a lack of places to legitimately purchase apps, ...
http://www.phnompenhpost.com/index.php/2012081357948/Business/slow-demand-for-paid-phones-apps.html
Rare hardwood sparks gunfights, corruption in Asia
KOH KONG, CAMBODIA — A Thai force dubbed the “Rambo Army” couldn’t stop the gangs, armed with battlefield weaponry, as they scoured the forests. Neither could a brave activist, gunned down when he came to investigate. Nor, apparently, can governments across Southeast Asia. The root of the ...
http://www.bradenton.com/2012/11/24/4291081/rare-hardwood-sparks-gunfights.html
Risk Of Money Laundering Grows With Economy
With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...
http://www.cambodiadaily.com/news/risk-of-money-laundering-grows-with-economy-14444/
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
Cambodia's inflation rate fell to 3 per cent in 2012
Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that ...
Minorities Press Gov't for More Communal Titles
Hundreds of indigenous people called on government to pick up the pace in granting them communal land titles at a ceremony marking the U.N.-sponsored International Day of the World’s Indigenous People in Kompong Thom province yesterday. “The gathering today is to mark the 8th anniversary of Indigenous Day ...
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 ...
Round 2 at Phnom Penh's Borei Keila district
Four families who were violently evicted from Borei Keila in January last year built shelters yesterday in the rubbish where their houses once stood, claiming the land still belonged to them. The evictees erected small frames on the land, in the capital’s Prampi Makara district, irritating ...
http://www.phnompenhpost.com/2013031361918/National/round-2-at-borei-keila.html
More trade finance needed
A lack of trade financing – the loans and guarantees needed to support import and export transactions – for international deals within developing Asian countries such as Cambodia is restricting opportunities for growth, a survey by the Asia Development Bank (ADB) has found. Of 106 banks ...
http://www.phnompenhpost.com/2013031361906/Business/more-trade-finance-needed.html
Villagers Petition Against Crematorium’s Removal
More than 1,000 villagers in Phnom Penh’s Russei Keo district have signed a petition protesting the removal of a crematorium that is currently on land slated for a large development project. According to a letter from the Council of Ministers addressed to the Ministry of Cults ...
http://www.cambodiadaily.com/news/villagers-petition-against-crematoriums-removal-27487/
Poipet Vendors Protest Corrupt Border Officials
More than 800 street vendors and drivers of taxis, tuk-tuks and motorcycles working the border area between Banteay Meanchey province and Thailand yesterday marched through Poipet City calling for an end to the rampant corruption being carried out by border officials. Migrant workers who cross ...
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