សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Wage Hike Leads To Rent Fears
Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...
http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html
New Kompong Thom Governor Vows to Give Land to Evictees
The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...
Japanese bank to boost local investments
Japanese Bank of Tokyo-Mitsubishi UFJ (BTMU) signed an agreement yesterday with local Canadia Bank to shore up Japanese growth in Cambodia and to demonstrate its confidence in the Kingdom’s financial sector. BTMU’s managing executive officer, Takami Onodera, and Pung Kheav Se, chairman of Canadia Bank, yesterday ...
http://www.phnompenhpost.com/2013051065537/Business/japanese-bank-to-boost-local-investments.html
Delta Electronics eyes Cambodia expansion
Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...
http://www.phnompenhpost.com/2013051065533/Business/delta-electronics-eyes-cambodia-expansion.html
Cambodia Airlines to add planes
Cambodia Airlines plans to spend $1.5 billion to acquire up to 22 planes, a move that might see the new airline’s eventual fleet size overtake that of national carrier Cambodia Angkor Air. “We [will be] starting to deploy 16 to 22 aircraft immediately once it’s ready ...
http://www.phnompenhpost.com/2013051065531/Business/cambodia-airlines-to-add-planes.html
Cambodia's trade with its neighbors slows in Q1
Cambodia saw a slow rise in trade volume with Vietnam and a slight decrease with Thailand in the first quarter of this year, according to the figures provided on Wednesday. The figures said Cambodia’s total exports to Vietnam was worth 221 million U.S. dollars during ...
http://www.asean-china-center.org/english/2013-05/09/c_132370565.htm
Private property, public greed in Cambodia
Mark Moorstein knew little about Cambodia before he got involved in a lawsuit on behalf of land owners there. But as it’s turning out, the suit could end up affecting most every country in Asia. Moorstein is a land-use lawyer in Northern Virginia who, like many ...
Cambodian PM to visit Macau in September
Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...
http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html
Cambodia’s Economic Opportunity
While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...
http://thediplomat.com/2013/05/09/cambodias-economic-opportunity/
Gold resource in northeastern Cambodia estimated at 1.2 mln ounces
Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...
Trade with Vietnam increases
Bilateral trade between Cambodia and neighbouring Vietnam rose more than 10 per cent year-on-year in the first quarter of this year, data from the Vietnam Embassy in Phnom Penh showed. Officials said cross-border trade facilitation by both countries significantly contributed to the growth. But they said ...
http://www.phnompenhpost.com/2013050965501/Business/trade-with-vietnam-increases-2013.html
Kampong Thom Governor Vows to Give Land to Evictees
The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...
Tonle Sap Airlines suspends its flights
Local charter carrier Tonle Sap Airlines has suspended flights until June, in what appears to be the latest of a series of disruptions affecting the airline, which has also recently encountered financial turbulence. The airline, which operates chartered flights from Siem Reap to China, Taipei, and ...
http://www.phnompenhpost.com/2013050965498/Business/tonle-sap-airlines-suspends-its-flights.html
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
Thousands go on strike at factories
About 5,000 workers went on strike at the M&V garment factory in Kampong Chhnang province yesterday, adding to the list of incidents at the factory in the past two years that has also included mass faintings. Elsewhere, about 700 workers from the Pine Great (Cambodia) ...
http://www.phnompenhpost.com/2013050965503/National/thousands-go-on-strike-at-factories.html
Major banks show more agricultural sector trust
Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...
Workers Get Benefits, Not Jobs
India’s ambassador to Cambodia, Dinesh Patnaik, said yesterday that his government will pay outstanding benefits to about 30 restoration workers who lost their jobs at Siem Reap province’s Ta Prohm temple in February – but will not reinstate them. The entire restoration team – more than ...
http://www.phnompenhpost.com/2013050965505/National/workers-get-benefits-not-jobs.html
Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...
French Ambassador vows to strengthen further relations with Cambodia
Serge Mostura, French Ambassador to Cambodia, said he wanted to boost economic diplomacy between Cambodia and France. Citizens of France visits Cambodia only as tourists or for study, but none have placed investments in the country, so he vows to attract small and medium sized ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NDcxZTc4YzQ5YTR
Cambodia to issue new 100,000-riel banknote featuring royal family pictures
Cambodia will launch a new 100,000-riel banknote (in equivalent to 25 U.S. dollars) in order to celebrate the sixtieth birthday of King Norodom Sihamoni on May 14, a central bank official said Wednesday. A sub-decree on the issuance of the new 100,000-riel banknote was signed ...
http://news.xinhuanet.com/english/world/2013-05/08/c_132368449.htm
Milled Rice Exports Rise in the First Four Months
Milled rice exports have seen dramatic growth this year as the sector begins to take advantage of duty-free exports to European countries, an official and the U.N. Food and Agriculture Organization (FAO) said. Thon Virak, director of state-owned rice exporter Green Trade, said Tuesday that in ...
http://www.cambodiadaily.com/business/milled-rice-exports-rise-in-first-four-months-22826/
Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Committee Formed to Sell Off Mfone’s Assets
The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...
http://www.cambodiadaily.com/business/committee-formed-to-sell-off-mfones-assets-22715/
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html