Cambodia rejoins the world of stocks
Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...
Thai Rice Policy: Wait and See
Setting a minimum price for paddy is one of the campaign promises that the Pheu Thai party made to its supporters during the recent election campaign in Thailand before it was elected to power. Now it’s a matter of waiting to find out whether this ...
Cambodia Bets Casinos Can Boost Tourism
Cambodian developers are betting that casinos can make the tiny Southeast Asian country a bigger draw for high-spending tourists. The nation of 15 million people has more than 25 casinos, but most are small affairs in rough-and-tumble border towns that cater to hard-core Thai, Chinese and ...
http://online.wsj.com/article/SB10001424052702304750404577317094266574870.html
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https://bit.ly/2RF0DS5
Cambodia opening its doors to investment
With GDP growth averaging around 9% for the past decade, Cambodia is certainly attracting interest from potential investors. It has possibly the most investor-friendly environment in Asean with no exchange controls, no restrictions on repatriation of profit, and no discrimination between foreign and local investors. Moreover, ...
http://www.bangkokpost.com/business/economics/311715/cambodia-opening-its-doors-to-investment
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
'Ransomed' workers returned to Cambodia
All but three of a group of 20 Cambodians who were held against their will on a fishing boat in Thailand had returned after agreeing to pay a fee for “transportation”, a police official said yesterday. The men, believing they were heading to jobs in Koh ...
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 ...
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
Vehicle Imports up 45 pct in first half
Ministry of Commerce officials maintained that low import taxes and increased demand from consumers were the causes behind the 45.26 increase in vehicle imports in the first half of 2012 compared to the same period last year. The data showed 486,827 vehicles, of all makes and ...
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 ...
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 ...
Rainsy, Sokha Draw Large Crowds in Siem Reap
SIEM REAP CITY/KOMPONG THOM CITY – Opposition leaders Sam Rainsy and Kem Sokha led a parade of more than 20,000 supporters on Wednesday through the streets of Siem Reap City in what was the second-largest turnout for an opposition rally since Mr. Rainsy landed in ...
http://www.cambodiadaily.com/elections/rainsy-sokha-draw-large-crowds-in-siem-reap-36614/
Jail Sentence for Anti-Eviction Activist Upheld
The Court of Appeal on200;Friday upheld the guilty verdict for anti-eviction activist Yorm Bopha, but reduced her sentence from three-to two-years imprisonment, of which one year was suspended. The ruling means that Ms. Bopha will not be released until late 2014. Supporters and human rights groups ...
http://www.cambodiadaily.com/news/jail-sentence-for-anti-eviction-activist-upheld-31073/
Hun Sen Mocks Opposition Request for Donors to Freeze Aid
Prime Minister Hun Sen on Saturday rebuked the opposition for urging foreign donors to refrain from signing any new agreements with the government until after the election and boasted of a new $26 million handed over last week by the European Union (E.U.) E.U. Ambassador ...
http://www.cambodiadaily.com/news/hun-sen-mocks-opposition-request-for-donors-to-freeze-aid-31547/
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Chamber wants new tax laws
The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ...
http://www.phnompenhpost.com/business/chamber-wants-new-tax-laws
Factory’s contracts seen as ‘test case’ for brands
A garment factory’s alleged efforts to wipe workers’ contract histories clean could be a “test case” for how much international buyers tolerate factories negotiating outside of legal requirements, a labour-rights advocate has said. After effectively being bought out of their contracts, about 300 employees of USA ...
Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/factory%E2%80%99s-contracts-seen-%E2%80%98test-case%E2%80%99-brands