សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Cambodia sees 22 pct rise in garment exports in 9 months
Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...
Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E
Canadia CEO Sheds Light on $2.3M Embezzlement Scheme
The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said Monday, the first time Canadia has ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/canadia-ceo-sheds-light-on-2-3m-embezzlement-scheme-45660/
Angkor Wat ticket sales revenue up
Revenue from ticket sales to foreign tourists visiting Angkor Wat reached $41.4 million in the first nine months of 2013, a 14 per cent year-on-year increase, according to data from the Apsara Authority, which manages the site. Official data show that almost 1.5 million foreign ...
May Kunmakara
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-revenue
Trade Expo Links Vietnam, Cambodia Military Firms
The 2013 Vietnam-Cambodia trade fair will commence on Nov 14 in Cambodia’s capital city Phnom Penh, said a representative from the Defence Ministry at a press briefing on Friday According to the organising board, some 200 Vietnamese enterprises have registered with more than 300 booths ...
Saigon-GP Daily News Staff
http://www.saigon-gpdaily.com.vn/Business/2013/10/106621/
Cambodia's city port sees 20 pct rise in shipment in 9 months
Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...
Global Times News Staff
http://www.globaltimes.cn/content/818818.shtml#.UmSot_nTxe8
PAL vows to pursue Cambodia airline deal with local tycoon
Philippine Airlines continues to pursue talks to form a new Cambodian flag carrier with local telecommunications, banking and property tycoon Kith Meng despite missing a deadline to close the deal for a second time this week, its top executive said. PAL president Ramon S. Ang said ...
Business Inquirer Net News Staff
http://business.inquirer.net/148155/pal-vows-to-pursue-cambodia-airline-deal-with-local-tycoon
Brands tell GMAC to dial it down
Some of the world’s largest clothing brands have warned the Garment Manufacturers Association in Cambodia of possible business ramifications should the factory representative continue with plans to impede labour monitoring. Thirteen major buyers, including Gap, H&M, Levi’s, Nike and Puma, have signed a letter to GMAC ...
Daniel de Carteret
http://www.phnompenhpost.com/business/brands-tell-gmac-dial-it-down
Buildings Up for Demolition Broke Agreement, Not Restrictions
Phnom Penh’s governor on Thursday refused to confirm whether two buildings close to the Royal Palace will be pulled down after local district and commune officials said Wednesday that their demolition due to height violations was imminent. Governor Pa Socheatvong declined to comment on the reports ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/news/buildings-up-for-demolition-broke-agreement-not-restrictions-45425/
Angkor Beer Chief Behind Controversial Laos Border Dam
As the director of one of Cambodia’s largest breweries, Malaysian businessman Goh Nan Kioh has made millions selling Angkor Beer to Cambodians. But now his latest business venture, a controversial mainstream Mekong dam in Laos, is drawing the ire of environmentalists who believe that it will ...
Dene-Hern Chen
http://www.cambodiadaily.com/news/angkor-beer-chief-behind-controversial-laos-border-dam-45312/
ប្រាក់ចំណូលរដ្ឋាករទឹកកើនឡើង ២៤%
របាយការណ៏ហិរញ្ញវត្ថុរបស់រដ្ឋាករទឹកស្វយ័តក្រុងភ្នំពេញ(PPWSA) ចេញផ្សាយពីថ្ងៃទី១១ ខែតុលាបានបង្ហាញថាចំណូលសរុបនឹងប្រាក់ចំនេញសុទ្ធរបស់ខ្លួនបានកើនឡើងជាង២០ភាគរយនៅឆមាសទីមួយឆ្នាំនេះ។ ...
ម៉ៃ គុណមករា
http://www.phnompenhpost.com/business/profits-dip-water-authority
World Bank Sees Challenges to Government Income Target
Cambodia appears unlikely to meet its target of becoming a high middle-income nation by 2030 and years of gains it has made reducing poverty could be erased by even a modest shock to the economy, according to the latest World Bank data. World Bank senior country ...
Zsombor Peter
http://www.cambodiadaily.com/business/world-bank-sees-challenges-to-government-income-target-45405/
Demolition Order for 2 Buildings Near Royal Palace
Government officials have ordered the immediate demolition of two buildings located within blocks of the Royal Palace because the structures are taller than the allowed limit for buildings surrounding the palace, officials said Wednesday. One building, owned by Vattanac Properties, is located a block from the ...
Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/demolition-order-for-2-buildings-near-royal-palace-45306/
Former Mfone staff to get paid
Over eight months after Cambodian mobile operator Mfone filed for bankruptcy, the defunct provider’s former staffers should get their outstanding salaries in November, according to the case’s court-appointed administrator. Bankruptcy administrator Ouk Ry said yesterday that deals have been made on many of the failed telecom’s ...
Anne Renzenbrink and Hor Kimsay
http://www.phnompenhpost.com/business/former-mfone-staff-get-paid
Mercedes-Benz Distributor to Halt Repairs on Illegal Imports
Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...
Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/
Cambodia Wants Sinopec to Build Oil Refinery by 2018
Cambodian Prime Minister Hun Sen on Monday urged China Petroleum & Chemical Corporation, or Sinopec Corp, the Asia’s largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, Xinhua reported on October 15, citing a spokesman. ...
Oil and Gas Industry Latest News Staff
http://www.oilandgaseurasia.com/en/news/cambodia-wants-sinopec-build-oil-refinery-2018
Elephants at centre of tourism tiff
For the ethnic Bunong people in this northeastern province, animals are an integral part of the local economy. Pigs, chickens and water buffaloes offer a variety of sustenance and labour. But it’s the elephants that bring foreigners – and foreigners bring cash. “When I get tours, the ...
Laura Ma
http://www.phnompenhpost.com/business/elephants-centre-tourism-tiff
Cambodia’s tax revenue still on rise
In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-tax-revenue-still-rise
Cambodia prepares to talk with China over bilateral cooperation promotion
Cambodia held an inter- ministerial meeting on Monday to discuss and prepare documents for a talk with China in November in order to further enhance bilateral ties and cooperation, officials said. Koy Kuong, spokesman for the Ministry of Foreign Affairs, said that the Monday’s meeting ...
Global Times News Staff
http://www.globaltimes.cn/content/817635.shtml#.Ul0kxlBgd8E
Cambodia's special economic zones attract 1.65 bln USD investment since inception
Cambodia’s Special Economic Zones (SEZs) have received a total investment of 1.65 billion US dollars since their inception in 2006, according to a government report released on Friday. Since 2006 to now, the zones have attracted 172 investment projects, mostly from China, South Korea and Japan, ...
Global Times News Staff
http://www.globaltimes.cn/content/817196.shtml#.Ult7xz_vrbw
Debts rise along with water level
With pant legs rolled up to his knees, Hoeuy Mon trudges through a brown and green patchwork of rice fields. His four hectares are in Tkov village, Prey Veng province, about 300 metres from his home. On most of the journey, walkways enclosing each square plot ...
Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/debts-rise-along-water-level
Cambodia’s Manufacturers Shift to Higher-Value Clothing
Cambodia’s factories are moving away from producing the most basic clothing items and diversifying to manufacture more intricate products for international buyers. As the garment sector has grown over the past decade, most garment factories have stuck to producing items such as T-shirts and jeans due ...
Dene-Hern Chen
http://www.cambodiadaily.com/business/cambodias-manufacturers-shift-to-higher-value-clothing-44792/
Pay&Go Aims to Streamline Bill Payments With New Services
A local company has begun working in cooperation with ABA bank to streamline payments for services such as electricity bills and mobile phone top-ups by allowing people to pay through its website, mobile applications and electronic kiosks. PayGo SEA (Cambodia) Co. Ltd., which operates under the ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/paygo-aims-to-streamline-bill-payments-with-new-services-44794/
Canadia Bank’s Credit Chief Aided $2.3M Embezzlement
One of the four suspects who have been arrested for their alleged involvement in the theft of $2.3 million from Canadia Bank was the head of the bank’s credit section during the time that the embezzlement scheme was carried out, according to a senior adviser ...
Colin Meyn and Eang Mengleng
http://www.cambodiadaily.com/news/canadia-banks-credit-chief-aided-2-3m-embezzlement-44777/
Exports of rice to fall short of 2013 goal
Cambodia’s rice exports roughly doubled in the first nine months of this year compared with the same period in 2012, according to government data released yesterday. But the figures aren’t big enough to meet official goals for 2013. The numbers show that exports of fragrant rice ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-rice-fall-short-2013-goal