វិស័យឧស្សាហកម្ម
Laos taps on single visa door
Lao PDR says it will consider joining Thailand and Cambodia’s single visa scheme launched late last year saying it will help to boost Mekong region tourism. A senior official at the consular department in Vientiane told the Vientiane Times, last week, that the government would hold ...
http://www.ttrweekly.com/site/2013/03/laos-keen-to-join-single-visa/
Laos, Cambodia eye a single-visa policy
Laos is considering a single-visa scheme with its neighbours Thailand and Cambodia to promote balanced development in the subregion, officials said. The Lao government will hold talks with Cambodia, possibly at the end of this month, to learn from Phnom Penh’s experience in this matter, a ...
http://www.phnompenhpost.com/2013032264622/Business/laos-cambodia-eye-a-single-visa-policy.html
Beaches to drive tourism
The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism. The agreement was inked yesterday by Tourism Minister Thong Khon and Franck Firmin Guion, the president of Adventure Line Product-ions (ALP). The plan ...
http://www.phnompenhpost.com/2013031962003/Business/beaches-to-drive-tourism.html
Bountiful work, but scant wages angers Cambodia
As night falls in Phonm Penh, thousands of weary workers stream from textile factories, reflecting the abundance of jobs created by the clothing industry’s desire for cheap labor. However, as the number of international clothes companies tapping into Cambodia’s workforce grows, so does anger at the ...
http://www.taipeitimes.com/News/biz/archives/2013/03/17/2003557254
Low pay fuels anger among Cambodia's garment workers
As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html
Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement
When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Sihanoukville land prices largely flat
Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...
http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html
Camko City’s potential seen
Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...
http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html
Deputy Prime Minister Says Homeless People A worry For Tourism
Deputy Prime Minister Men Sam An yesterday said the government should clear beggars away from the country’s most popular tourism sites by providing them with decent education and legal ownership of their land. “We have performed well in working with homeless people, but I noticed ...
Thailand, Cambodia mull joint business, trade body
Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...
http://www.pattayamail.com/news/thailand-cambodia-mull-joint-business-trade-body-23289
Turkey to enhance diplomatic ties with Cambodia
Turkey is willing to establish an embassy residence in Cambodia in order to promote bilateral relations and cooperation between the two countries, the newly- designated ambassador of Turkey to Cambodia, Osman Bulent Tulun said Tuesday. The two countries’ bilateral trade is relatively small. According to ...
Animal feed lucrative but demand not being met
The production of animal feed may be lucrative for family-run businesses, but production is failing to meet the local market’s demand, said industry experts. Ros Limhy, National Agriculture adviser for the Ministry of Agriculture, Forestry and Fisheries’ Tonle Sap Poverty Reduction and Smallholder Development project, and ...
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
US Firm to Open Its Second Casino in Cambodia
A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment Gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...
http://www.cambodiadaily.com/business/us-firm-to-open-its-second-casino-in-cambodia-14421/
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...
Bonna Reality inks deal with Malaysian real estate developer
Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...
Cambodian, Chinese entrepreneurs meet to seek business chances
The 2013 China’s Zhejiang and Cambodia matchmaking symposium was held here on Tuesday to seek opportunities to expand business ties between China and Cambodia. Gong Zheng said the Chinese firms are doing businesses in the fields of agriculture, infrastructure development, construction and real estate, mineral ...
http://news.xinhuanet.com/english/china/2013-03/05/c_132210667.htm
Foreign activists detained
Police arrested five activists from labour-rights group Clean Clothes Campaign yesterday outside the E Garment factory in Kandal province. Neuv Sakhan, deputy director of the Kandal provincial immigration police, told the Post four women and one man, from Norway, Belgium, England and Austria, had been taken ...
http://www.phnompenhpost.com/2013030661780/National/foreign-activists-detained.html
Cambodia building 248-km national road with Chinese aid
Cambodian Prime Minister Hun Sen on Tuesday broke ground for the construction and enlargement of a 248-kilometer stretch of national road No. 6A, saying that the road is vital for the development of the economy and tourism. The road will be widened from the current 7 ...
http://news.xinhuanet.com/english/world/2013-03/05/c_132209913.htm
Japanese to bolster SEZ development
A GROUP of Japanese businessmen yesterday signed a memorandum of understanding with Sonatra Group chairman Sorn Sokna to develop a special economic zone along the Mekong River at the site of the Prey Veng ferry terminals. The ferry service is expected to become redundant when the ...
http://www.phnompenhpost.com/2013030561750/Business/japanese-to-bolster-sez-development.html
Demand for wage increases rejected
Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...
http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC
Recent Development and Economic Outlook
The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...
Siem Reap Power Cut Hurts Tourism Industry
Three days after it went out, power had yet to be restored to large parts of Siem Reap province yesterday, badly impacting local businesses in the popular tourist hub of Siem Reap City and seeing a rush of people to buy generators. The power failure followed ...