Investors Play Down Impact of Labor Strikes

Economists and analysts on Thursday shrugged off the opposition CNRP’s threat to stage nationwide labor strikes, arguing that while such a move could lower profits for companies in the short term, it would not significantly deter foreign investors. Mr. Rainsy, who mentioned the possibility of strikes ...

Ben Woods
http://www.cambodiadaily.com/elections/investors-play-down-impact-of-labor-strikes-43694/

Booyoung Town moves slowly ahead

The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...

Siv Meng and Hin Pisei
http://www.phnompenhpost.com/real-estate/booyoung-town-moves-slowly-ahead

Work starts on new 22-storey hotel

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

Siv Meng
http://www.phnompenhpost.com/real-estate/work-starts-new-22-storey-hotel

‘SolarTuk’ coming in March

Solar-powered tuk-tuks could be rolling off the assembly lines in Phnom Penh as early as March next year, allowing local tuk-tuk drivers a cost-effective and greener alternative to using petrol, according to the company manufacturing the vehicle. Star 8, the Australia-based alternative energy firm behind the ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/%E2%80%98solartuk%E2%80%99-coming-march

Canadian for-profit pre-school to open up

Canada-based Learning Jungle School, an early learning and child care provider, will enter the expanding Cambodian pre-school market, planning to start operations in January 2014. Ly Virak, Learning Jungle School franchisee for Cambodia, said there is an increasing number of young Cambodian parents who understand the ...

Hor Kimsay
http://www.phnompenhpost.com/business/canadian-profit-pre-school-open

Cambodia sees 15 pct drop in new business registration in 8 months

Cambodian Ministry of Commerce said Friday that it had issued operating licenses to 1,952 new companies in the first eight months of the year, down 15 percent compared with the 2,300 firms over the same period last year. During the January-August period this year, the ministry ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/20/c_132736133.htm

Parkson's Cambodia expansion seen boosting earnings in the long term

PETALING JAYA: Parkson Holdings Bhd (PHB)’s expansion into Phnom Penh, Cambodia, via its proposed Parkson Mallwould provide it with a steady income stream in the long term, mainly from rental yield, according to Affin Investment Bank. The proposed location of the mall – directly opposite the Phnom Penh ...

Cheryl Poo
http://www.thestar.com.my/Business/Business-News/2013/09/18/Parksons-Cambodia-expansion-seen-boosting-earnings-in-the-long-term.aspx

Siem Reap hotel gets new owner

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Post Staff
http://www.phnompenhpost.com/business/siem-reap-hotel-gets-new-owner

Tata moves in on agriculture

India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector. Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), ...

Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture

Taiwanese bank now owns 70 pct of UCB

Taiwan’s E. Sun Commercial Bank has purchased a 70 per cent stake in Cambodia’s Union Commercial Bank. The deal, planned for months but announced yesterday at a press conference at the Sofitel hotel in Phnom Penh, will bring technology upgrades and more loan capital to the ...

Kimsay Hor
http://www.phnompenhpost.com/business/taiwanese-bank-now-owns-70-pct-ucb

Software giant targets piracy

Microsoft Cambodia has appointed Thakral Cambodia Industries Limited as its second authorised software distributor in the country, a move intended to help the computer giant’s local operation combat the rampant use of pirated software. Thakral, one of the largest distributors of IT products in Cambodia (its ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/software-giant-targets-piracy

‘Landmark’ $100 million project gets under way

Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...

Hin Pisei
http://www.phnompenhpost.com/business/%E2%80%98landmark%E2%80%99-100-million-project-gets-under-way

Cambodia's Sathapana selects ElectraCard for ATM and card services

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. Sathapana operates through 101 offices (74 branches and ...

ElectraCard Services
http://www.finextra.com/News/Announcement.aspx?pressreleaseid=51361&topic=exchanges

Condo market continues to grow despite over-supply

New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...

Siv Meng
http://www.phnompenhpost.com/real-estate/condo-market-continues-grow-despite-over-supply

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