606 New Companies Opened in Cambodia in Q1, Down 33 pct

Cambodia had granted operating licenses to 606 new companies in the first quarter of this year, a 33 percent decrease compared with the 904 firms at the same period last year, the Commerce Ministry’s report showed Tuesday. Yim Rom, an official at the ministry’s statistics ...

http://www.globaltimes.cn/content/776875.shtml#.UXY28rXTxe8

US embassy to hold investment webinar

The US embassy in Phnom Penh intends to hold a webinar on doing business in Cambodia, providing information on the benefits and challenges of working in the country for US firms. “This is the first webinar that will focus on investment opportunities and an overview of  ...

http://www.phnompenhpost.com/2013042265136/Business/us-embassy-to-hold-investment-webinar.html

Phnom Penh Municipal Court Overturns Mfone Injunctions

The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ...

http://www.cambodiadaily.com

Cambodian Garment Exports likely to Grow in 2013: GMAC

Cambodian garment exports are expected to grow in 2013 with the increasing foreign investments along with focus on new market including Japan and China, according to the Garment Manufactures Association of Cambodia (GMAC). In 2012, apparel exports of Cambodia grew nine percent to US$ 4.61 ...

http://www.thesoutheastasiaweekly.com

Firm to Develop Gold Mine in Ratanakkiri

A subsidiary of Indian firm Mesco Steel has arrived in Cambodia to begin developing a gold mine in Ratanakkiri province, according to an investor involved in the deal. Mesco Gold has paid a fee of $1.2 million to Canada-listed exploration firm Angkor Gold to develop a ...

http://www.cambodiadaily.com/business/firm-to-develop-gold-mine-in-ratanakkiri-19319/

World Bank Blocks Firm After Cambodia Project Probe

A bribery investigation by the World Bank has discovered misconduct by a major Canadian construction firm that was awarded a $5 million contract to help expand access to electricity in rural Cambodia, the bank said. In December 2009, SNC-Lavalin announced that it has been awarded ...

http://www.cambodiadaily.com/news/world-bank-blocks-firm-after-cambodia-project-probe-19199/

Long-overdue Consolidation of the Kingdom’s Mobile Telecoms Market May Have Operators Feeling Hopeful, but Challenges Remain

After years of immersion in a vicious price war, battle weary and capital-haemorrhaging [sic] mobile operators in Cambodia’s oversaturated telecommunications sector may finally have reason to breathe a sigh of relief; 2013 might be cited as the year the tide turned. Tarred by legal threats, ...

http://sea-globe.com/united-we-stand/

Koh Kong Sugar Firm Makes Offer to Return Disputed Land

The Thai owners of a pair of sugar plantations in Koh Kong province accused of forcing hundreds of farmers off their land will give the land back if it can be proved that those evicted legally own the land, rights workers and a village representative ...

http://www.cambodiadaily.com/news/koh-kong-sugar-firm-makes-offer-to-return-disputed-land-18770/

France looks to increase exports to the Kingdom

France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...

http://www.phnompenhpost.com/2013041265055/Business/france-looks-to-increase-exports-to-the-kingdom.html

Cambodia Lacks Research Enough To Tackle Its Problems, Analysts Say

Not enough priority is given to research in Cambodia, threatening its long term development, economists and other experts say. Larry Strange, executive director of the Cambodian Development Research Institute, says the country cannot plan for major reform, build its economy, or reduce poverty without proper analysis ...

http://www.voacambodia.com/content/cambodia-lacks-research-enough-to-tackle-its-problems-analysts-say/1638656.html

Betargo readies for the contruction of its 18,000t per annum feed mill in Cambodia

Betagro (Cambodia) readies for the construction of its new feed mill in Phnom Penh SEZ. The feed mill is to be constructed in the capital’s Special Economic Zone, located 12km from the city center. The company is investing USD$17.2 million in the new project. The plant construction ...

http://www.feedmachinery.com/news/asia/betargo-readies-for-the-contruction-of-its-18000t-per-annum-feed-mill-in-cambodia-0158/

Focus Thailand, Uzbek and Cambodia: LCCI gives roadmap to ambassadors to increase bilateral trade

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday handed over country-specific roadmap to Pakistan ambassadors to Thailand, Uzbekistan and Cambodia that would help strengthen liaison, increase bilateral trade and promote economic cooperation. The Ambassador to Thailand Sohail Khan, Ambassador to Uzbekistan Riaz Hussain Bukhari ...

http://www.dailytimes.com.pk/default.asp?page=2013%5C04%5C10%5Cstory_10-4-2013_pg5_14

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

Cambodia's economy to grow by 7.2 pct in 2013, stronger in 2014: ADB

Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...

http://news.xinhuanet.com/english/business/2013-04/09/c_132295116.htm

Wary of China, Companies Head to Cambodia

Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...

http://www.nytimes.com/2013/04/09/business/global/wary-of-events-in-china-foreign-investors-head-to-cambodia.html?pagewanted=all&_r=0

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