Opposition urges China checks
Prime Minister Hun Sen has called investors from China’s Anhui province to invest in numerous sectors across Cambodia in an effort to spur two-way trade between the Kingdom and China in order accomplish their joint target of US$5 billion in trade by 2015. Meanwhile, Cambodia’s opposition party ...
http://www.phnompenhpost.com/index.php/2012081758136/Business/opposition-urges-china-checks.html
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
Ministry Lists Fees to Help Firms Avoid Graft Claims
The government has publicly issued lists showing the costs of fees that businesses must pay to authorities for various services, in an effort to help companies avoid making informal payments made illegal by the anticorruption law. The lists were drafted during the past year after Cambodia ...
http://www.cambodiadaily.com/news/ministry-lists-fees-to-help-firms-avoid-graft-claims-8434/
E-card holders concerned about SIM card exchange
Mfone e-card holders are concerned that the cards can no longer be used after the change from Mfone’s SIM card to Cellcard’s SIM and, along with officials, are unsure of a solution. Wholesalers and retailers have expressed concern that they will lose money when the scratch ...
Mondolkiri, Kompong Thom Face Climate Threat
Mondolkiri and Kompong Thom provinces could suffer some of the most extreme effects of climate change in the Lower Mekong Basin region, such as a high incidence of flash floods and droughts by 2050, according to a new study. Analyzing temperature and rainfall from 84 provinces ...
http://www.cambodiadaily.com/news/mondolkiri-kompong-thom-face-climate-threat-17224/
Tiffany to polish diamonds
Luxury jewellery brand Tiffany & Co is building a diamond-polishing factory in Phnom Penh, as the company, which has enjoyed increasing sales, seeks to ensure it can continue supplying the diamonds it needs. Construction began last month on the 1.2-hectare factory, along with a training centre, ...
http://www.phnompenhpost.com/2013041064983/Business/tiffany-to-polish-diamonds.html
Stronger ties with Cambodia sought ahead of rice-trading zone
Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the ...
Farmers Suffer From Illegal Pig Imports
Small pig farmers are struggling to stay in business as illegal imports of pigs from neighbouring countries rise, squeezing them out of the market, industry insiders say. Srun Peu, deputy director of the Cambodia Pig Farmers Association, an organisation with 4,000 members, said the increase in ...
http://www.phnompenhpost.com/2013042565222/Business/farmers-suffer-from-illegal-pig-imports.html
Bundith Fails to Show Up at Retrial for Triple Shooting
Former Bavet City governor Chhouk Bundith failed to show up Wednesday for the first day of his long-awaited retrial at Svay Rieng Provincial Court for his alleged involvement in a shooting that left three workers wounded, court officials said. According to provincial Judge Leang Sour, Mr. ...
http://www.cambodiadaily.com/news/bundith-fails-to-show-up-at-retrial-for-triple-shooting-30758/
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
In Cambodia, Shifting Allegiances Shape a Tougher Than Usual Election
ANLONG VENG, Cambodia — A decade and a half after the last remnants of the Khmer Rouge capitulated in this northwestern town, the streets are festoONed with images of their erstwhile enemy, Prime Minister Hun Sen, who is seeking to prolONg his 28 years in ...
Council Of Ministers Backs Hun Sen’s Plan To Rebuild Homes
The Council of Ministers yesterday backed Prime Minister Hun Sen’s plan to rebuild the flattened homes of 49 families who were violently evicted earlier this month in Preah Sihanouk province’s Stung Hav district. In a statement on Sunday, Mr. Hun Sen dismissed the Council of Ministers’ ...
PH to import rice from Cambodia
Just recently, the Philippines government signed a memorandum of agreement (MOA) on rice trade with the Kingdom of Cambodia to pave the way for the National Food Authority (NFA) to import rice from that country for the next two years. The Department of Foreign Affairs (DFA) ...
http://www.mb.com.ph/article.php?aid=6537&sid=1&subid=1#.UWIeFaKj2xA
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
Firms’ Timber Trade Decried
Two firms holding concessions in rapidly disappearing northern forests are amassing stockpiles of tens of thousands of luxury logs cut both within and outside their leases and trucking them on to Vietnam, the Cambodian Center for Human Rights has alleged. CCHR investigators that tracked logging operations ...
http://www.phnompenhpost.com/2013052865880/National/firms-timber-trade-decried.html
Japan provides 36 mln USD grant aid to Cambodia for clean water, education
The government of Japan on Wednesday signed to provide a grant aid of 36 million U.S. dollars to Cambodia for a clean water project and a human resource development project. According to a press statement, the amount of 33.4 million U.S. dollars goes for the ...
Xinhuanet Staff
http://news.xinhuanet.com/english/business/2013-06/05/c_132432490.htm
High Risk Seen in Kingdom’s Business Environment: Report
Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...
Kids beaten over ELC
Five men working for Ratanakkiri rubber concessionaire DM Group, including a soldier, have been arrested for allegedly beating a villager and his children – one of whom, doctors say, may not survive – in a scuffle over their family’s land, the father said yesterday. Police confirmed ...
http://www.phnompenhpost.com/2013050665430/National/kids-beaten-over-elc.html
Cambodia-Japan trade volume up 14% in 3 months
Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...
http://news.xinhuanet.com/english/business/2013-05/14/c_132381154.htm