សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
MoU to improve tech skills
A Thailand-based technical university yesterday signed two memorandums of understanding (MoUs) with technical training institutes in Cambodia to improve human resources in the technical sector. The MoUs were signed between the Thai Rajamangala University of Technology and the National Polytechnic Institute of Cambodia and the National ...
Better to Ride These Bikes Than Make Them
Cambodia’s export business is in the process of changing due to shifts in manufacturing in Asia. A business publication in the country has reported unexpected growth in the “machinery and transport equipment” sector and speculated it was as [sic] “probably bicycles.” But when Cambodia jumped ...
http://www.iede.co.uk/news/2013_750/better-ride-these-bikes-make-them
Cambodia begins to construct 3-storey stock market building in capital center
Cambodia’s Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build ...
http://news.xinhuanet.com/english/world/2013-01/28/c_132133406.htm
Capital ideas for developers
Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...
http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers
Fish exports performed swimmingly in 2012
Exports of Cambodian fish and shellfish products reached 1,618 tonnes last year, worth $3.5 million, a 16 per cent increase from 1,391 tonnes in 2011, according to figures from the Ministry of Commerce. “A major share of the total exports last year was from saltwater fish ...
Rail Operator Still Awaiting Approval for Cargo
Despite the inaugural train traveling between Phnom Penh and Sihanoukville by a new rail link a month ago, no goods have yet been transported between the capital and the country’s largest port. Toll Royal Railways, a joint venture between Australia’s Toll Group and local conglomerate Royal ...
Officials Draft Sub-Decree to Develop the Silk Sector
Officials at the Ministry of Commerce met on Friday to draft a sub-decree for the promotion and development of the Cambodian silk sector, but industry experts say the draft does not do enough for the local products used in the production of silk. The main ...
Israel envoy pledges to boost tourism, agriculture ties with Cambodia
Bangkok-based new ambassador of Israel to Cambodia Simon Roded on Monday expressed Israel’s desires to promote bilateral ties with Cambodia in tourism and agriculture. Speaking during presenting credentials to President of Cambodia ‘s National Assembly Heng Samrin, who received the credentials on behalf of King Norodom ...
http://news.xinhuanet.com/english/world/2013-01/28/c_132133078.htm
Imported Delays Cap Pharma Growth
Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...
http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html
Rice exporter turns to Cambodia
Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...
http://www.bangkokpost.com/breakingnews/332629/disillusioned-rice-exporter-turns-to-cambodia
Burger King to Open at Phnom Penh Airport
U.S. fast-food chain Burger King is set to open its first restaurant in Cambodia next month, an official confirmed yesterday. Advertisements have gone up at the Phnom Penh International Airport bearing the famous Burger King logo, with a message saying that the chain is “Coming soon.” ...
http://www.cambodiadaily.com/business/burger-king-to-open-at-phnom-penh-airport-8309/
Stonewalling at Angkor complex’s temple
THIRTY workers involved in the restoration of the Angkor complex’s Ta Prohm temple were barred by their manager from entering the work site yesterday because of their unionism, labour representatives said. The stand-off followed the manager’s announcement that on February 1, he would dismiss the 30 ...
http://www.phnompenhpost.com/2013012560975/National/stonewalling-at-temple.html
Corn prices to rise with new Thai policy
Cambodian officials in provinces bordering Thailand said the price of Cambodian corn would increase as a result of a reduced supply and a new Thai government policy of importing more corn for animal processing. The Bangkok Post reported on Tuesday that the Thai cabinet approved the ...
Hundreds of strikers block road in Phnom Penh
More than 700 workers from the International Royal Fashion garment factory, in Phnom Penh’s Dangkor district, blocked the Veng Sreng road yesterday for about four hours to show their dissatisfaction with their employer’s failure to respond to their demands. An International Royal Fashion official, ...
Minh: Connectivity is key to Asean's tourism plans
Connectivity is crucial to the process of building the Asean Community, and ties in with the effort to market the region as a single tourist destination, the grouping’s chief said. “Asean is in the process of building the Asean Community, and in the process of building ...
http://www.nationmultimedia.com/aec/Minh-Connectivity-is-key-to-Aseans-tourism-plans-30198610.html
Opportunities for Cambodian growth
China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say. Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of ...
http://www.phnompenhpost.com/2013012560983/Business/opportunities-for-cambodian-growth.html
Denso To Turn Out Motorcycle Parts In Cambodia
Denso Corp. (6902) will begin making motorcycle parts in Cambodia in July, responding to growing production of vehicles in Southeast Asia. The autoparts manufacturer will establish a production subsidiary in Cambodia in April. Plans are to lease a plant in the Phnom Penh Special Economic Zone ...
Southwest border flooded with contraband
The southwestern areas along the Vietnam – Cambodia border are now in their usual busy time of the year, with smuggled goods entering the country with near impunity. Most of the markets in the Mekong Delta are flooded with various contraband products, mostly brought from China ...
http://tuoitrenews.vn/cmlink/tuoitrenews/business/southwest-border-flooded-with-contraband-1.97203
Union warns of general strike if wage hike too small
The Cambodian Confederation of Unions warned Thursday of a general strike if proposed increases in monthly salaries are too small. “Cambodia will have a big strike exploding across all clothing and footwear factories if minimum wages are raised by only 10 percent from the basic $61,” ...
Cambodia, UAE set to boost cooperation in economics, tourism
Cambodia and the United Arab Emirates (UAE) are in talks to promote bilateral cooperation in trade, investment and tourism on Wednesday. In the meeting, both sides discussed a Memorandum of Understanding (MoU) on aviation in order to enable UAE airlines to operate direct flights from ...
http://news.xinhuanet.com/english/world/2013-01/23/c_132123114.htm
Industry Handicraft Fair to feature Cambodian-made goods
Organisers expect the Industry Handicraft Fair 2013, with the theme “Excellence of Cambodia Goods and Services”, to attract about 200,000 people. The fair, to be held at the Koh Pich Exhibition Center over three days at the end of March, will have 460 booths exhibiting 100 per ...
Cambodia Angkor Air expands its international network
For a long time, Cambodia’s national carrier Cambodia Angkor Air (CAA) served only as a feeder carrier to its shareholder Vietnam Airlines. Three lines were then in service on routes linking Phnom Penh to Siem Reap, Phnom Penh-Ho Chi Minh City and finally Siem Reap-HCMC. ...
http://www.traveldailynews.asia/news/article/51485/cambodia-angkor-air-expands-its
LED lights’ lure of lower electricity bills
The locally based Global Media Group is bringing the latest LED lighting technology to the Cambodian market in an effort to reduce people’s electricity bills. GMG assistant chief executive Bun Sim said the company would use all its know-how, as well as experts from South Korea, ...
http://www.phnompenhpost.com/2013012460969/Business/led-lights-lure-of-lower-electricity-bills.html
Cambodian producers struggle to compete with foreign goods
More creative thinking is needed to restore trust in Cambodian products, but intense competition from foreign investment has the potential to stifle local innovation, industry experts say. A survey of more than 600 Cambodian consumers undertaken by Thai Market Research Company Envirosell found that Cambodian consumers ...