Japan auto parts firm seeks plant in PPSEZ

Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...

Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez

Delays continue to constrain launch of Cambodia Airlines

For Cambodians aspiring to a career in aviation, this weekend looks promising. Almost seven months after its formal establishment, Cambodia Airlines is hosting a career fair in Phnom Penh. The airline is moving forward by looking for staff – from captains, first officers and cabin crew ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/delays-continue-constrain-launch-cambodia-airlines

De Castle Royal construction moves ahead at a princely pace

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace

Carabao Dang maker eyes plants in Myanmar, Cambodia

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...

Savitree Rinwong
http://www.nationmultimedia.com/business/Carabao-Dang-maker-eyes-plants-in-Myanmar-Cambodia-30217758.html

World Bank says Cambodian political uncertainty has 'Unclear' impact

The World Bank said Monday that the impact of Cambodia’s political uncertainty was “unclear” but left its growth forecasts unchanged for this year and next year.  “The Cambodian economy remains robust amidst a challenging global economic environment,” the bank said in its East Asia and Pacific ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTBjN2JiMjBlMzI

Approved investment triples

In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance. Released on Friday, the numbers show that $2.3 billion was earmarked ...

May Kunmakara
http://www.phnompenhpost.com/business/approved-investment-triples

Easier to invest in Cambodia

Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going ...

Daily Economic News Staff
http://www.dailyeconomic.com/2013/Asia-Pacific_0927/1928.html

Investors Play Down Impact of Labor Strikes

Economists and analysts on Thursday shrugged off the opposition CNRP’s threat to stage nationwide labor strikes, arguing that while such a move could lower profits for companies in the short term, it would not significantly deter foreign investors. Mr. Rainsy, who mentioned the possibility of strikes ...

Ben Woods
http://www.cambodiadaily.com/elections/investors-play-down-impact-of-labor-strikes-43694/

Booyoung Town moves slowly ahead

The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...

Siv Meng and Hin Pisei
http://www.phnompenhpost.com/real-estate/booyoung-town-moves-slowly-ahead

Work starts on new 22-storey hotel

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

Siv Meng
http://www.phnompenhpost.com/real-estate/work-starts-new-22-storey-hotel

‘SolarTuk’ coming in March

Solar-powered tuk-tuks could be rolling off the assembly lines in Phnom Penh as early as March next year, allowing local tuk-tuk drivers a cost-effective and greener alternative to using petrol, according to the company manufacturing the vehicle. Star 8, the Australia-based alternative energy firm behind the ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/%E2%80%98solartuk%E2%80%99-coming-march

Canadian for-profit pre-school to open up

Canada-based Learning Jungle School, an early learning and child care provider, will enter the expanding Cambodian pre-school market, planning to start operations in January 2014. Ly Virak, Learning Jungle School franchisee for Cambodia, said there is an increasing number of young Cambodian parents who understand the ...

Hor Kimsay
http://www.phnompenhpost.com/business/canadian-profit-pre-school-open

Cambodia sees 15 pct drop in new business registration in 8 months

Cambodian Ministry of Commerce said Friday that it had issued operating licenses to 1,952 new companies in the first eight months of the year, down 15 percent compared with the 2,300 firms over the same period last year. During the January-August period this year, the ministry ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/20/c_132736133.htm

Parkson's Cambodia expansion seen boosting earnings in the long term

PETALING JAYA: Parkson Holdings Bhd (PHB)’s expansion into Phnom Penh, Cambodia, via its proposed Parkson Mallwould provide it with a steady income stream in the long term, mainly from rental yield, according to Affin Investment Bank. The proposed location of the mall – directly opposite the Phnom Penh ...

Cheryl Poo
http://www.thestar.com.my/Business/Business-News/2013/09/18/Parksons-Cambodia-expansion-seen-boosting-earnings-in-the-long-term.aspx

Siem Reap hotel gets new owner

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Post Staff
http://www.phnompenhpost.com/business/siem-reap-hotel-gets-new-owner

Tata moves in on agriculture

India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector. Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), ...

Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture

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