សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Japanese Investor in Talks to Take Stake in TV3
Japan’s TriAsia Group is in talks to acquire a majority stake in local television station TV3 and plans to broadcast Japanese-language shows, the television channel’s owner confirmed Wednesday. According to TV3’s owner, Khampun Keomony, revenues at the channel have been dropping, which prompted him to look ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/japanese-investor-in-talks-to-take-stake-in-tv3-41707/
Troubling contrasts in ASEAN
Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...
Joe Freeman
http://www.phnompenhpost.com/business/troubling-contrasts-asean
Cambodia Tourism Industry Fears Fallout From Election Uncertainty
Enterprises in Cambodia’s biggest tourism hub have called on Prime Minister Hun Sen and opposition leader Sam Rainsy to quickly resolve a festering election dispute that they say is threatening business prospects as tensions rise ahead of mass opposition protests next week. Travel companies ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/tourism-08302013144408.html
New Project Aims to Help Small Businesses in Cambodia
A new project by the government and Japan’s aid agency seeks to assist small companies in Cambodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/new-project-aims-to-help-small-businesses-in-cambodia-41534/?utm_source=rss&utm_medium=rss&utm_campaign=new-project-aims-to-help-small-businesses-in-cambodia
Thai policy hits Cambodian cassava exports
Thailand’s restriction on agricultural imports earlier this year caused dramatic declines for Cambodia’s cassava exports during the harvest season, provincial border officials said yesterday. Cambodia’s exports of cassava reached 288,109 tonnes in the first six months of this year, a decline of 55 per cent from ...
Hor Kimsay
http://www.phnompenhpost.com/business/thai-policy-hits-cambodian-cassava-exports
Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say
Startup Promises a Future for Former Boeng Kak Residents
In mid-August, on day seven of production at the Coco Khmer social enterprise, the team experienced a setback. Temperatures in the fermenting room must remain between 35 and 40 degrees to produce the organization’s virgin coconut oil, but the temperature on that rainy day refused to ...
Devon Geary and Mech Dara
http://www.cambodiadaily.com/news/startup-promises-a-future-for-former-boeng-kak-residents-41532/
Sokimex Group Plans 15-Story Hotel Near Royal Palace
Local conglomerate Sokimex Group plans to construct a 15-story hotel as well as a supermarket and high-end shops on a more than 15,000-square-meter plot of land behind Phnom Penh’s Wat Ounalom, the firm’s founder, Sok Kong, said Thursday. Mr. Kong said his company had applied for ...
Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/sokimex-group-plans-15-story-hotel-near-royal-palace-41433/
Police Investigating Third Suspect in Mondolkiri Mining Fraud
Police said Thursday they are investigating the possibility of a third suspect who has been implicated in a fraud and forgery case over a mining deal, for which a Cambodian businessman and a Chinese associate are already awaiting trial. The Phnom Penh Municipal Court on Tuesday ...
Simon Lewis and Eang Mengleng
http://www.cambodiadaily.com/news/police-investigating-third-suspect-in-mondolkiri-mining-fraud-41441/
The slaughterhouse blues
It’s 1am and, as Phnom Penh sleeps, the haunting squeals of distressed animals are all that can be heard in the darkness of a field in Russey Keo district. Pigs in open-air sheds have sensed what’s coming: Hundreds of them are about to be slaughtered for ...
Shane Worrell and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/slaughterhouse-blues
Thai company shelves Kampot cement project
Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...
Rann Reuy and May Kunmakara
http://www.phnompenhpost.com/business/thai-company-shelves-kampot-cement-project
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
Vietnam Plans to Add Border Gates Along Border With Cambodia
Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations. Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven ...
Nguyen Pham Muoi
http://blogs.wsj.com/searealtime/2013/08/29/vietnam-plans-to-add-border-gates-along-border-with-cambodia/
Drop-off in beverage imports questioned
Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...
Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned
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
Businessmen Charged Over Mining Deal Fraud
The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an unknown complainant said ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
Cambodian casinos may be at risk
As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/cambodian-casinos-may-be-risk
Cambodia's inflation stands at 2.9 pct in first half of 2013: central bank
Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/28/c_132670860.htm
A rare delicacy hard to sell
Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...
Rann Reuy
http://www.phnompenhpost.com/business/rare-delicacy-hard-sell
City poised for shopping mall boom
After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom
Cambodia expects double growth in rice exports this year: minister
Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-08/27/c_132667860.htm
Fruit Trucks Block Road In Customs Fee Protest
About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs officials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...
Hul Reaksmey
http://www.cambodiadaily.com/business/fruit-trucks-block-road-in-customs-fee-protest-40925/
After poll, confidence dips: study
Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business leaders working in the country. The survey, conducted by Indochina Research and seen by the Post this week, found that 98 ...
http://www.phnompenhpost.com/business/after-poll-confidence-dips-study
Company launches digital ad operation
Cambodian Investment Management’s social-media marketing and advertising business has launched Dynamo Innovative Digital Advertising, the group said last week. Dynamo will inherit 10 clients, managing 20 social-media pages, 90 per cent of which are on Facebook and 10 per cent on LinkedIn. ...
http://www.phnompenhpost.com/business/company-launches-digital-ad-operation