Commodities Prices a Risk, Bank Says
Despite offering an uplifting outlook for Cambodia’s economy this year, economists at the World Bank said yesterday that it could still succumb to volatile commodities prices, particularly food and gas. Speaking to journalists after the release the bank’s East Asia and Pacific Economic Update for 2012, ...
iPhone struggles for a place in Cambodian market
It will not be enough for Apple to simply offer a cheaper iPhone for the company to gain share in the competitive Cambodian smartphone market, according to industry insiders. They say Apple’s operating system, iOS, may also restrict their potential growth. Bloomberg last week reported that Apple ...
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 ...
Lucky opens seventh outlet, not concerned by Aeon Mall
The Lucky Supermarket Group opened its seventh outlet in Cambodia on the ground floor of the Rose City building on Norodom Boulevard yesterday, with company representatives saying it believed it would attract more foreign customers. Richard Seah, CEO of DFI Lucky Private Limited, said the new ...
Poipet Casino Grand Opening set for Next Month
U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...
http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/
Project to fix capital’s drains kicks into gear
The third phase of a project designed to revamp Phnom Penh’s drainage system, currently inundated by seasonal rains, began yesterday. Four areas of the city spanning a total of 369,445 metres will be witness to the next stage of the project’s implementation, part of an ongoing ...
Sen David
http://www.phnompenhpost.com/national/project-fix-capital%E2%80%99s-drains-kicks-gear
Thaicom's Mfone files for insolvency
Cambodia-based telecommunication operator Mfone, part of the Thaicom group, on Wednesday petitioned for insolvency proceedings in Phnom Penh after facing difficulties in an intensely competitive market and after failing to complete the sale of its shares to INT Management Service Company. “Mfone has been through a ...
http://www.nationmultimedia.com/business/Thaicoms-Mfone-files-for-insolvency-30197687.html
Southeast Asian Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. An alliance of Thailand, Vietnam, Cambodia, Laos and Myanmar will aim to share information and cooperate ...
RPT-World Bank cuts East Asia GDP outlook, flags China risks
The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected “Economic projections for EAP (East Asia and Pacific) are surrounded by ...
http://www.reuters.com/article/2012/10/08/worldbank-asia-outlook-idUSL3E8L81IN20121008
LED lights’ lure of lower electricity bills
The locally based Global Media Group is bringing the latest LED lighting technology to the Cambodian market in an effort to reduce people’s electricity bills. GMG assistant chief executive Bun Sim said the company would use all its know-how, as well as experts from South Korea, ...
http://www.phnompenhpost.com/2013012460969/Business/led-lights-lure-of-lower-electricity-bills.html
Merit in rice trade plan
The cabinet on Tuesday approved a proposal allowing the Commerce Ministry to form a rice trade partnership with Asean’s four other rice-producing countries, namely Vietnam, Laos, Cambodia and Myanmar, to stabilise rice prices in the global market and to promote food security in the region. The ...
http://www.bangkokpost.com/news/local/321297/rice-trade-area-plan-has-merit
Bank of China launches dual currency ATM card
The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...
Celestial Tiger Entertainment announces five new carriage agreements
Celestial Tiger Entertainment (CTE), the operator of the largest bouquet of pan-Asian channels dedicated to Asian entertainment, has announced five new carriage agreements on the first day of the 2012 CASBAA Convention, the annual pay TV industry conference held in Hong Kong. The newly-inked deals ...
Rice Harvest to Yield Growth, Official Says
As Cambodia’s rice harvest gets into full swing, the government said yesterday that it expects this year’s crop to exceed last year’s, despite fears that drought would limit the yield. Minister of Agriculture Chan Sarun said that farmers had already harvested more than 3 million tons ...
ការសិក្សាមួយរបស់ចក្រភពអង់គ្លេស ព្រមានអំពីផលប៉ះបាល់របស់ទីផ្សារកៅស៊ូទៅលើសត្វព្រៃក្នុងស្រុក
អ្នកស្រាវជ្រាវជាច្រើនរូបនៅក្នុងចក្រភពអង់គ្លេសបានអះអាងនៅក្នុងសារព័ត៌មានមួយថា ទីផ្សារកៅស៊ូរធម្មជាតិដែលចេះតែបន្តរីកធំឡើងដោយសារឧស្សាហកម្មកង់ឡានសកលលោក បានបង្ហាញពីគ្រោះមហន្តរាយដល់ពពួកសត្វព្រៃជិតផុតពូជនៅក្នុង ...
ហ្សមប៊រ ភីធឺរ៍
https://www.cambodiadaily.com/news/uk-study-warns-of-rubber-markets-impact-on-local-wildlife-82067/
Cambodian, Chinese Firms Sign Cassava Purchase Agreement
The China National Food Industry (Group) Corp and Cambodia’s Le Ye Rubber Co. on Sunday signed a cassava purchase deal. The agreement was signed between Cai Yongfeng, the president of China National Food Industry Group, and Gao Hong Zhi, CEO of Le Ye Rubber Co. ...
http://cambodiatodayz.com/cambodian-chinese-firms-sign-cassava-purchase-agreement.html
IBM eyes on Cambodia market again
IBM reaffirmed its commitment to the Cambodian market through a two-day event from 5 to 6 October in Phnom Penh which it demonstrated technology solutions for companies and governments of all sizes. With the potential market in Cambodia, IBM targets to set up its full ...
Cambodia, ILO Promotes Decent Work for All
PHNOM PENH: The International Labor Organization (ILO) and Ministry of Labor and Vocational Training launched a Decent Work for All Profile for Cambodia which assesses progress in the development of labor market conditions and protection for workers over the past decade on Monday 30th July. “Launching ...
Private residential property in Cambodia attracting foreign investors
Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...
http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html
Ratings Agency Retains Stable Growth Outlook for Cambodia
Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. “Economic output growth is vulnerable due to the still large ...