Hun Sen aims to attract more Japanese money

Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...

http://www.phnompenhpost.com/index.php/2012042455725/Business/hun-sen-aims-to-attract-more-japanese-money.html

Boat owners complain new port a burden for business

The Phnom Penh Municipality opened a new port for boat operators along the riverside in Daun Penh district yesterday in an effort to regulate operations, keep the river clean, and ensure customer safety. The new port comes three years after City Hall banned boats from docking ...

Mu Sochua calls out Aussie mining firms

Opposition parliamentarian Mu Sochua has taken aim at Australian mining companies eyeing the Kingdom’s resources, travelling to their home soil to lobby the halls of power. Mu Sochua cited fears that Australian companies awarded exploration concessions in Ratanakkiri and Mondulkiri provinces will treat ethnic minorities there ...

http://www.phnompenhpost.com/index.php/2012041755607/National-news/mu-sochua-calls-out-aussie-mining-firms.html

Maruhan adds yuan services for customers

MARUHAN Japan Bank will be the next to join a growing list of Cambodian banks that provide cross-border remittance in Chinese yuan. The move by the Japanese-owned bank is part of a greater push to promote trade with China throughout the region, according to a statement ...

http://www.phnompenhpost.com/index.php/2012041055518/Business/maruhan-adds-yuan-services-for-customers.html

Chinese Firm to Invest $100M in Rice Mill

A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...

Sihanoukville port revenues up 22% on economic growth

Revenues earned by the Sihanouk Autonomous Port for the first quarter of this year jumped 22 per cent year-on-year to US$8.3 million, according to figures released yesterday by SAP. Exports of the Kingdom’s rice, garments and timber, coupled with imports of textiles, electronics and construction materials, ...

http://www.phnompenhpost.com/index.php/2012040655455/Business/sihankouville-port-revenues-up-22-on-economic-growth.html

Tourism wins in China trade deal

Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about ...

http://www.phnompenhpost.com/index.php/2012040655456/Business/tourism-wins-in-china-trade-deal.html

Union Wants Early Pay for Workers Ahead of New Year

The Cambodian Alliance of Trade Unions (CATU) sent a letter to the Ministry of Labor yesterday requesting that all of the country’s factory owners pay workers their salary earlier than usual ahead of Khmer New Year. Workers are normally paid on the fifth to the ...

Phok Dorn, P. 20
https://www.cambodiadaily.com/archives/union-wants-early-pay-for-workers-ahead-of-new-year-66809/

China reaps concession windfalls

About half of the land concessions granted since 1994 are in the hands of Chinese companies, according to data released yesterday by the Cambodian Center for Human Rights. Ouch Leng, CCHR land reform project coordinator, said that from 1994 to 2012, the Cambodian government granted 4,615,745 ...

http://www.phnompenhpost.com/index.php/2012040255375/National-news/china-reaps-concession-windfalls.html

Myanmar’s economic promise no threat to investment here: experts

Myanmar’s moves toward economic and political reform would not subtract from Cambodia’s regular stream of foreign investment, experts and insiders said – at least not in the short run. Word of an investor-friendly Myanmar has spread quickly with the US’s partial waiver on trade sanctions in ...

http://www.phnompenhpost.com/index.php/2012033055328/Business/myanmars-economic-promise-no-threat-to-investment-here-experts.html

Canadia subsidiary buys 15% stake in CVI

Diamond Island Development Co Ltd, owned by Canadia Bank, yesterday bought a 15 per cent stake in Investment and Development Company of Cambodia (IDCC)’s Cambodia-Vietnam Insurance Plc. The companies declined to give the value of the stake. Ngay Mengly, sales officer at Cambodia-Vietnam Insurance Plc, said ...

http://www.phnompenhpost.com/index.php/2012032955307/Business/canadia-subsidiary-buys-15-stake-in-cvi.html

Hu's visit in Cambodia boosts ties

The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...

http://en.ce.cn/National/Politics/201203/26/t20120326_23188224.shtml

Ford plant opens in Sihanoukville

A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected ...

http://www.phnompenhpost.com/index.php/2012032155152/Business/ford-plant-opens-in-sihanoukville.html

23,000 Hectares of Land Concessions Approved

The government last month granted four companies a total 23,000 hectares of land concessions for agro-industry projects and a special economic zone (SEZ), according to human rights groups, which said it obtained the information from government documents. An additional 500 hectares inside a wildlife sanctuary were ...

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 ...

http://www.brisbanetimes.com.au/business/world-business/cambodia-rejoins-the-world-of-stocks-20120319-1ver3.html

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