សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Gaming Asia opens new club
Entertainment Gaming Asia will open up it’s second Dreamworld Club in Cambodia in the Thai-Cambodia border town of Poipet, in Banteay Meanchey province, according to a media release from the US-listed company on Monday. ...
http://www.phnompenhpost.com/2013042565219/Business/gaming-asia-opens-new-club.html
Export Values Up 21 Per Cent
Cambodian export values increased more than 21 per cent in the first quarter of this year compared with the same period last year, and officials said the rise was a positive sign for the Kingdom’s economic growth. According to the Ministry of Commerce’s export data ...
http://www.phnompenhpost.com/2013042465194/Business/export-values-up-21-per-cent.html
Construction Sector Faces Chronic Labor Shortage
Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...
http://www.cambodiadaily.com/news/construction-sector-faces-chronic-labor-shortage-19742/
Sihanoukville port volume increases 15 per cent
The volume of cargo passing through the Sihanoukville Autonomous Port (SAP) rose 15 per cent in the first quarter of this year compared with the corresponding period last year. Experts say milled-rice exports and fuel imports contributed to the boost in activity. From January to March, ...
Cambodia, Laos, Vietnam parliamentarians meet in Cambodia to boost Development Triangle Area
Parliamentarians of Cambodia, Laos and Vietnam gathered in Cambodia’s northeastern Mondulkiri province on Wednesday to discuss the parliaments’ role in supporting the three countries’ Development Triangle Area, according to a media release from Cambodian National Assembly. Speaking at the opening of the two-day meeting, the ...
http://news.xinhuanet.com/english/world/2013-04/24/c_132336947.htm
Poipet Casino Grand Opening set for Next Month
U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...
http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/
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 ...
Cambodia's leading bank inks deal with UnionPay International for payment services
Acleda Bank, a leading commercial bank in Cambodia, on Monday signed a Memorandum of Understanding with UnionPay International on payment services for mutual benefits, according to the bank’s statement. Xu Luode, president of China UnionPay and vice-chairman of UnionPay International, said currently, UnionPay cards reached ...
http://www.asean-china-center.org/english/2013-04/23/c_132333810.htm
Small rise in Kingdom’s February inflation
Cambodia saw a 1.7 per cent rise in inflation in February compared with the same month the previous year. Prices of food and fuel rose, according to official data from the National Institute of Statistics (NIS). “The increase for all index group of a 1.7 per ...
http://www.phnompenhpost.com/2013042365161/Business/small-rise-in-kingdom-s-february-inflation.html
Google Launches Khmer Translation Service
Internet search giant Google on Friday launched a new service that for the first time allows users to instantly translate Khmer script into other languages. Khmer is the most recent addition to the 66-strong collection of languages between which words, sentences or whole websites can be ...
http://www.cambodiadaily.com/news/google-launches-khmer-translation-service-19417/
Thais remove cassava and maize import restrictions
In order to boost the Kingdom’s trade performance and improve the quality of lives of farmers along the Thai-Cambodia border, Thailand has agreed to remove import restrictions on Cambodian cassava and maize. Speaking to reporters after the forth meeting of the Joint Trade Committee between Cambodia ...
Land-Titling Project Denied Minorities of Property Rights
Hundreds of indigenous minorities in Ratanakkiri province are being made worse off by Prime Minister Hun Sen’s land-titling scheme which, rather than securing their property rights, is contributing to the loss of their ancestral lands, according to a new report. The report supports complaints aired since ...
http://www.cambodiadaily.com/news/land-titling-project-denied-minorities-of-property-rights-19528/
Insuring for higher education
Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ...
http://www.phnompenhpost.com/2013042365160/Business/insuring-for-higher-education.html
Thai-Cambodian trade along Surin looks set to prosper further
The commerce affairs office in northeastern Surin has reported robust trade along the Thai-Cambodian border despite unresolved Phra Viharn [Preah Vihear] temple dispute. Mr. Sitthiporn Bangkeaw from the Office of Commerce Affairs Surin revealed that even though the International Court of Justice (ICJ)’s public hearings in ...
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5604220010001
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 ...
BoC is set to expand after rapid growth
Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...
http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html
Adhoc Investigator Under Investigation for Inciting Protest
Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ...
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 ...
Stronger ties with Cambodia sought ahead of rice-trading zone
Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the ...
Cambodia's Angkor heritage site greets 694,700 foreign visitors in Q1, up 8 pct
Cambodia’s Angkor Wat temples, one of the world heritage sites, received 694,700 foreign tourists in the first quarter of this year, a 8 percent rise from the same period last year, the statistics of Siem Reap provincial tourism department showed Friday. The top three countries visiting ...
Bank of China to raise business operations in Cambodia: deputy-governor
The Bank of China is going to expand its business operations in Cambodia after it was launched here two years ago and seen rapid business growth, Zhu Shuming, visiting deputy governor of Bank of China, said Friday. Speaking at a meeting with Chea Chanto, governor of ...
Cambodia growth to continue, but development faces shortfalls
Despite steady economic growth in recent years, Cambodia remains one of the least-developed countries in the Asia-Pacific region and faces the challenge of diversifying its economy and moving up the production value chain, the U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) ...
Lauren Crothers, P. 20
http://The Cambodia Daily
MFI Increases Loans as Economy Grows
As rising economic growth spurred demand for personal loans, Prasac, Cambodia’s biggest microfinance institution (MFI), provided $106 million in loans between March, 2012 and March, 2013, an increase of 66 per cent compared with the corresponding period a year earlier. “Loans [were] mainly used for service ...
http://www.phnompenhpost.com/2013041965111/Business/mfi-increases-loans-as-economy-grows.html