Rail Operator Restarts Train Services to Kampot
Toll Royal Railways (TRR), the current operator of Cambodia’s dilapidated rail network, restarted freight services to Kampot province yesterday, four months after it suspended its work. TRR’s resumption comes on the heals of a rival proposal to manage the train network by a consortium that includes one ...
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/
Manulife enters Cambodia's burgeoning insurance market
Canadian insurance and financial services company Manulife Financial officially launched its Cambodian country office on June 28, one of several new players seeking to enter one of Southeast Asia’s still-untapped markets. Britain’s No.1 insurer Prudential said last week it had approval from the Cambodian government to open a wholly foreign-owned life insurance operation. Manulife, the world’s ...
Small concession in eviction fight
Authorities have partially backed down on an order forcing 196 residents in Phnom Penh’s Por Sen Chey district to move their homes, but refused to scrap the plan completely when confronted at Chaom Chao commune hall yesterday. Phuong Sopheap, one of about 20 residents that congregated ...
Focusing on a good user experience
Companies and individuals need to do more than just create technology. They need to optimise the services and goods they provide, especially when introducing new concepts to developing markets such as Cambodia. That was the message from one presenter at last weekend’s T3CON12-ASIA conference in Phnom ...
Strikes lead to cut in orders
Global brands Levi’s and Gap had slashed their orders from the Tai Yang and Camwell garment factories by 20 per cent, the factories’ boss said yesterday, amid the longest strike in the industry’s recent history. Tai Yang Enterprises manager Wu Minghuor said his company had shuttered ...
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
Cham Families On Riverbank Told to Leave
More than 100 Cham fishing families who moor their boat homes on the banks of Phnom Penh’s Chroy Changva peninsula have been ordered to relocate, with one official saying the fishing boats were spoiling the beauty of the riverbank and the area around the new hotel. “We already ...
The Credit Bureau Cambodia at the five-month mark
Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...
Details murky on Koh Pich dredge
Even as bulldozers slowly pushed freshly dredged sand into the Tonle Bassac yesterday, expanding Phnom Penh’s Koh Pich, developers and officials could say little about the massive project slated to occupy the new space – a 555-metre tower that would be the tallest in Asia, ...
http://www.phnompenhpost.com/2013040564919/National/details-murky-on-koh-pich-dredge.html
Koh Kong Sugar Firm Makes Offer to Return Disputed Land
The Thai owners of a pair of sugar plantations in Koh Kong province accused of forcing hundreds of farmers off their land will give the land back if it can be proved that those evicted legally own the land, rights workers and a village representative ...
http://www.cambodiadaily.com/news/koh-kong-sugar-firm-makes-offer-to-return-disputed-land-18770/
Fraud Case Highlights Bribery Around Requests for Citizenship
The Court of Appeal on Monday acquitted a South Korean businessman who allegedly stole $50,000 that was supposed to be used to acquire Cambodian citizenship for his boss in 2007. Koo Bonkwang, the former president of Commerce Central Finance, a microlender, said he paid the money ...
Scooter connects to phone
Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...
http://www.phnompenhpost.com/business/scooter-connects-phone
Rain Provides Small Respite for Families in Koh Kong Drought
Several days of rain have finally brought relief to hundreds of families in Koh Kong province’s Khemara Phoumint City who had been without water for two weeks because the reservoir that provides their supply dried up during hot season. LYP Group, a company owned by ...
Engineers Hold Labor Day Protest Against Paying Income Tax
More than 50 engineers employed by Japan’s Sumitomo Mitsui Construction Co. Ltd. to work on a new Neak Loueng Bridge in Kandal province protested on Wednesday over paying income tax of 10 percent and are threatening to go on strike again if their employer dose ...
Rights Groups Rebuke Petitions Endorsing CPP Election Win
Rights groups on Wednesday called on authorities to stop circulating petitions asking people to support preliminary results from last month’s national election showing a win for the ruling CPP and promising not to join any demonstration called by the opposition. With both the CPP and opposition ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/rights-groups-rebuke-petitions-endorsing-cpp-election-win-40506/
Monitor, GMAC at odds over plan
The head of the Better Factories Cambodia (BFC) program said yesterday that consultations on its new public-disclosure initiative have been going on for more than a year, contrary to claims by a garment factory representative who characterised the process as hasty. Jill Tucker, chief technical adviser ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/monitor-gmac-odds-over-plan
Cambodia’s Opposition Calls for Halt to Foreign Investment, Loans
Prime Minister Hun Sen’s government as the two sides remained stalled in talks in a deadlock over disputed national elections. The opposition Cambodia National Rescue Party (CNRP) said in a public statement that it could not guarantee that any agreements made with Hun Sen’s ruling Cambodian ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/investment-10292013173412.html
Disability Services to Be Rolled Out in Provinces
Cambodia will on Tuesday introduce measures intended to better serve disabled people living in the provinces and will hold its first workshop on the draft of a new five-year plan to improve disability services, the government said at an annual meeting of members to the ...
Zsombor Peter
http://www.cambodiadaily.com/news/disability-services-to-be-rolled-out-in-provinces-48641/
Mercedes-Benz Distributor to Halt Repairs on Illegal Imports
Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...
Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/