Cambodia gets rolling

The small but sleek Angkor Car can easily navigate the narrow streets of Cambodia, while with an electric engine saves on expensive fuel costs. It may cost $10,000 per vehicle, a bit steep for most local people, but the vehicle is a welcome testimony to ...

http://www.bangkokpost.com/business/marketing/348783/cambodia-gets-rolling

Cambodia, Bangladesh ink visa exemption deal for diplomatic, official passport holders

Cambodia and Bangladesh on Friday signed a visa-free agreement for diplomatic and service passport holders in a bid to strengthen bilateral ties in politics, trade, investment and tourism, officials said. The deal was inked here between Long Visalo, secretary of state at Cambodian Ministry of Foreign ...

http://news.xinhuanet.com/english/world/2013-05/03/c_132357925.htm

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

Government Mulls Issuing Sovereign Bonds

Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National Bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...

http://www.cambodiadaily.com/business/government-mulls-issuing-sovereign-bonds-21989/

Pushing the ELC envelope

Three companies accused of illegal logging in Ratanakkiri province are in possession of a combined 30,000 hectares of economic land concessions (ELCs) that are likely illegal because they are owned by the same parent firm. Hoang Anh Andong Meas, Hoang Anh Lumphat and Hoang Anh Ouyadav ...

http://www.phnompenhpost.com/2013050365405/National/pushing-the-elc-envelope.html

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 ...

http://www.phnompenhpost.com/2013050265368/Business/high-risk-seen-in-kingdom-s-business-environment-report.html

Made in Cambodia: Foreign Industry Calls on Cambodia as the Next “Low-Cost” Alternative in All Things Manufacturing

About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...

http://www.cambizreview.com

Angry Villagers Confront Workers

Jarai minority villagers in Ratanakkiri’s O’Yadav district protested in two locations yesterday against a Vietnamese company that community leaders say has been clearing their protected land and forcing villagers to accept inadequate compensation. Community leader Sev Hem said 30 angry villagers directly confronted five Company 72 ...

http://www.phnompenhpost.com/2013050165347/National/angry-villagers-confront-workers.html

Telecoms Regulator Calls For Price Meeting

The Telecommunication Regulator of Cambodia (TRC) is calling all mobile phone operators to attend a meeting next week in order to reconsider the costs for within-and across-network calls, after disputes over bonus promotions in Cambodia’s crowded telecoms market. TRC director Mao Chakrya said that for the ...

http://www.phnompenhpost.com/2013050165340/Business/telecoms-regulator-calls-for-price-meeting.html

Investors Look For Hotel Opportunities In Southeast Asia

Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang LaSalle. “Rising visitor arrivals, robust trading ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NGM4ODkxZTEzMjg

Rubber draft law addresses regulatory holes

The government is drafting a rubber law to regulate the sector in response to the rapid growth of rubber plantations across the country, an official said. Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, said officials ...

http://www.phnompenhpost.com/2013042665257/Business/rubber-draft-law-addresses-regulatory-holes.html

Group Lease boosts Singapore unit to fund Cambodia operation

Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...

http://www.nationmultimedia.com/business/Group-Lease-boosts-Singapore-unit-to-fund-Cambodia-30204735.html

Cambodia’s first dairy plant

Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...

http://www.phnompenhpost.com/2013042565223/Business/cambodia-s-first-dairy-plant.html

Kingdom’s rubber exports rise, but prices stay flat

Rubber exports from Cambodia were up over 17 per cent in the first quarter of 2013, but the revenue from rubber stayed steady as prices decline worldwide, according to data from the Ministry of Commerce. The data showed that in the first quarter of this year, ...

http://www.phnompenhpost.com/2013042565218/Business/kingdom-s-rubber-exports-rise-but-prices-stay-flat.html

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