វិស័យឧស្សាហកម្ម
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
What does the future hold?
Officials, business professionals and political analysts have mixed opinions on the leadership of the single-party Cambodian government and what the future hold for the next five years. Sok Touch, a professor of political science at Khemarak University, said the political deadlock won’t help the nation become ...
Kay Kimsong
http://www.phnompenhpost.com/analysis-and-op-ed/what-does-future-hold
Cambodian economy expected to remain buoyant: ADB
Cambodia’s economic growth rate is expected to exceed 7 percent both this year and next, the Asian Development Bank said Wednesday. The ADB maintained its forecast for this year’s economic growth at 7.2 percent, supported by strong exports and robust construction and service sectors. The ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/131002/cambodian-economy-expected-remain-buoyant-adb
Group Lease aims to raise Bt3.4 bn for expansion
Group Lease plans to raise Bt3.4 billion from shareholders to expand its main motorcycle-leasing business aggressively and enter other types of “small credit” businesses here and in neighbouring countries, especially Cambodia, over the next two years. The company is reportedly negotiating to take over a ...
The Nation News Staff
http://www.nationmultimedia.com/business/Group-Lease-aims-to-raise-Bt3-4-bn-for-expansion-30216061.html
Monitor, GMAC at odds over plan
The head of the Better Factories Cambodia (BFC) program said yesterday that consultations on its new public-disclosure initiative have been going on for more than a year, contrary to claims by a garment factory representative who characterised the process as hasty. Jill Tucker, chief technical adviser ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/monitor-gmac-odds-over-plan
Lao Airlines set to resume flights to Phnom Penh
After a five-year break, Lao Airlines will revive the Phnom Penh-Vientiane route with direct flights three times a week starting in November, the company’s representative said yesterday. Ek Narun, assistant to the general manager of Lao Airlines in Phnom Penh, said tickets will be available for ...
Hor Kimsay
http://www.phnompenhpost.com/business/lao-airlines-set-resume-flights-phnom-penh
Vinamilk Sees Revenue Doubling in Overseas Expansion Push
Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital ...
Bloomberg News Staff
http://www.bloomberg.com/news/2013-09-30/vinamilk-sees-revenue-doubling-in-overseas-expansion-push.html
EU’s Bike Imports from Cambodia Grows Enormously
During the first half of 2013 the import of bicycles in the 27 European Union member states dropped with a big 11%. Almost all EU bike supplying countries saw their export drop; except for one. Cambodia stands out as their export of bicycles to the ...
Jack Oortwijn
http://www.bike-eu.com/Sales-Trends/Market-trends/2013/10/EUs-Bike-Imports-from-Cambodia-Grows-Enormously-1379624W/
GMAC Urges Factories to Resist New Monitoring
Following the International Labor Organization’s (ILO) announcement that its Better Factories Cambodia (BFC) program will from January name and shame firms that contravene Cambodian labor laws, the Garment Manufacturers Association in Cambodia (GMAC) has urged factory operators to refuse entry to ILO monitors, unless they ...
Matt Blomberg
http://www.cambodiadaily.com/news/gmac-urges-factories-to-resist-new-monitoring-44006/
Home for the holidays
Still agitated 20 minutes after the rally in front of SL Garment Processing (Cambodia) Ltd had dispersed yesterday, Choem Som Im held up seven fingers as she jerked her arms forward and spoke in an equally sharp tone. The dilemma, faced by many garment workers, ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/home-holidays
Levi Strauss Pulls Out From Embattled SL Garment Factory
A Singaporean-owned garment factory whose workers have been on strike since early August is no longer producing clothes for American denim giant Levi Strauss, a brand representative and a factory worker said Monday. The workers of SL Garment Factory in Meanchey district—which still makes clothes for ...
Aun Pheap and Dene-Hern Chen
http://www.cambodiadaily.com/news/levi-strauss-pulls-out-from-embattled-sl-garment-factory-44015/
Chinese tourists warned of expensive counterfeits in Siem Reap
PHNOM PENH (The Cambodia Herald) — Chinese Tourism companies have warned their citizens visiting Siem Reap province not to buy gifts or souvenirs from vendors for fear of expensive counterfeit products. A tourist guide in Ankor Wat, Siem Reap said that this happens a lot because ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzFkMGQwMzM1YmM
PHNOM PENH CONDOMINIUM MARKET IS BOOSTED BY HIGH SALES RATES, PROMPTING FURTHER CONSTRUCTION
The condominium market in Phnom Penh is still very much within its early stage of development and thus is unlikely to flourish until there is a cultural shift towards owner occupants relocating to condominium developments within the city. This however will be heavily dependent on the ...
Cambodian Business Review Staff, P.18
http://www.cambisreview.com
Union wary of possible crackdown
Preparing for a demonstration expected to draw thousands of garment workers this morning, Ath Thorn, president of the Coalition of Cambodian Apparel Workers Democratic Union (C.CAWDU), said yesterday that he feared the possibility of a heavy-handed military police response. About 4,000 workers gathered at SL ...
Sean Teehan
http://www.phnompenhpost.com/national/union-wary-possible-crackdown
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/
Cambodia's construction attracts over 2 bln USD investment in 8 months
PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/27/c_132755769.htm
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
Cambodia's national airline launches daily flights to China's Guangzhou City
SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/26/c_132752788.htm
Photo tourism turns profits
Nathan Horton’s business model is straightforward. A professional photographer, Horton helps amateur photographers take pictures abroad. Photo tourism is an increasingly lucrative trade in Cambodia. Horton, who runs half-day jaunts in Phnom Penh and longer journeys into the provinces, is one of the practitioners capitalising on ...
Laura Ma
http://www.phnompenhpost.com/business/photo-tourism-turns-profits
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
Japan to relax visa requirements for Myanmar, Cambodia, Laos
Japan plans to relax visa requirements for Myanmar, Cambodia and Laos by the end of this year, as part of efforts to boost tourism to promote the country’s economic growth strategy, government sources said Wednesday. The government is considering allowing the issuance of “multiple-entry visas” for visitors ...
Kyodo News Staff
http://english.kyodonews.jp/news/2013/09/247990.html?searchType=site&req_type=article&phrase=Cambodia
Factory management agrees on pay advance for holiday
Management at the Chhin Chin garment factory yesterday agreed to meet workers’ demands to receive their wages before the Pchum Ben holiday after a 150-worker demonstration briefly blocked National Road 4 in front of the factory. Workers at the factory, which is located in Phnom Penh’s ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/factory-management-agrees-pay-advance-holiday
Workers Say Large Military Police Presence at SL Factory
More than 100 military police officers stood guard outside a garment factory in Phnom Penh’s Meanchey district on Monday and prevented workers from returning to work, employees and local officials said. Workers from Singaporean-owned SL Garment Factory—which makes clothing for U.S. brands Levi’s and Gap—have been ...
Aun Pheap
http://www.cambodiadaily.com/news/workers-say-large-military-police-presence-at-sl-factory-43060/