Kingdom relieved after US internet law fails to pass
The postponement of two US internet piracy bills last week was met with relief by human rights and media experts in Cambodia, who say the overreaching grasp of the proposed legislation would hinder the internet’s progress and growth in the Kingdom. The US House of Representative’s ...
Hey, waiter!
While tourism numbers in Cambodia are growing rapidly, visitors might increasingly have a hard time finding a restaurant to their liking since the country is experiencing a shortage of qualified personnel, especially waiters and chefs, accordingly to the Cambodia Restaurant Association. “The tourism industry needs at ...
Firms Need to Improve Accounting Standards
Cambodia’s businesses need to dramatically improve their accounting standards if they are to attract interest from investors abroad and reach the standards necessary to list on the recently launched stock market, experts and government officials said yesterday. Speaking at the National Conference on Accountancy in Phnom ...
Bourse May Have 7 Trading Sessions Daily
Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...
Japanese Investment Grows; Hurdles Remain
Japanese investment in Cambodia is steadily increasing as a result of sharply rising wages in China and other Southeast Asian nations. But experts warned this week that for sustained investment growth—and to avoid driving Japanese companies to other attractive investment destinations such as Burma —the ...
http://www.cambodiadaily.com/business/japanese-investment-grows-hurdles-remain-5144/
Government Approves Dam On Lower Sesan
The Council of Ministers on Friday signed off on the Lower Sesan 2 dam project in Stung Treng province, despite long-standing criticism leveled against the project by environmental groups who say it would adversely affect 100,000 people as a consequence of reduced access to fish. The ...
The arrival of the ASEAN Economic Community will likely be delayed
ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...
Property Prices See First Rise Since 2009
Property prices in Phnom Penh are rising for the first time since 2009, growing by as much as 10 percent in some areas of the capital during the first quarter of the year, real estate experts said yesterday. After years of stagnation in the property sector ...
Women in upper union positions vital
Female union leaders in the garment industry – where women constitute 90 per cent of the work force – are effective at bargaining for better working conditions, but their voices aren’t being heard in a union landscape dominated by men, a labour expert said yesterday. Veasna ...
Cambodia's gems and jewelry sector set to shine
Inside a nondescript villa in central Phnom Penh, men and women in white lab coats peer through lenses, carefully studying the magnified objects in front of them. But these aren’t biologists researching cell division or bacteria; these are gem testers concerned with inclusions and refractive indices on rubies, sapphires and other precious stones. They are working ...
Beijing 'Coordinated' With Cambodia to Influence Asean Meeting
A Chinese academic with close ties to China’s state security apparatus has claimed that Beijing coordinated with the Cambodian government to influence the outcome of the Asean meeting in Phnom Penh, according to the Financial Times. In an interview with the Financial Times on Wednesday, Chen ...
MFI deposits seen growing
The value of deposits with Cambodia’s 31 microfinance institutions grew more than 96 per cent in the first nine months of the year compared to last year, a rise industry experts say is due to the political stability and economic growth of the Kingdom. Official data ...
http://www.phnompenhpost.com/index.php/2012110859631/Business/mfi-deposits-seen-growing.html
Grasslands present dilemma
A week after British researchers released a study warning that the nation’s grasslands would soon be lost if drastic action was not taken to protect them, some agricultural experts have called for moderation, noting that the intensive rice cultivation blamed for the grasslands’ destruction is ...
http://www.phnompenhpost.com/2013032664676/National/grasslands-present-dilemma.html
Cambodia explores carbon
Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...
http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html
Regional pharma producers eye Kingdom
International pharmaceutical companies are increasingly looking to sell their products to Cambodia, although the market is full of obstacles, according to experts. After several big international players announced sales expansion plans, two companies from Indonesia, a major manufacturing hub in Southeast Asia, are planning to follow. Kalbe ...
http://www.phnompenhpost.com/2013052465819/Business/regional-pharma-producers-eye-kingdom.html
Macau To Cambodia Route βIn Negotiationβ
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
βThinnestβ smartphone is set for debut in Cambodia
Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...
Land prices in Siem Reap spike 15 per cent
Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...
Siv Meng
http://www.phnompenhpost.com/real-estate/land-prices-siem-reap-spike-15-cent
NCDM Lauds Flood Response, NGO Calls for Better Coordination
National Committee for Disaster Management (NCDM) Vice President Nhim Vanda on Wednesday lauded the flood response work of the Cambodian Red Cross and government, at a workshop to discuss the country’s National Action Plan for Disaster Risk Reduction where several participants focused on the lack ...
Matt Blomberg and Ben Sokhean
http://www.cambodiadaily.com/news/ncdm-lauds-flood-response-ngo-calls-for-better-coordination-46404/