ព័ត៌មាន
Thai Trade Expo Draws Thousands of Cambodian Visitors Despite Ongoing Border Row
Thousands of Cambodian people visited and bought Thai products on Thursday at a large scale exhibition although simmering border spat between the two countries remains unsolved. “Even though border dispute is still going on, trade and investment ties between Thailand and Cambodia are still good,” Amparwon ...
http://news.xinhuanet.com/english/business/2013-05/02/c_132355223.htm
Huge Increase in MFI Loans, Deposits
More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...
http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html
High Risk Seen in Kingdom’s Business Environment: Report
Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...
Report Says Quarter of Forests Have Been Cleared in 40 Years
Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...
Illegal Logging Threatens UN’s Carbon Trading Project
The military’s ongoing clearing of community forests in Oddar Meanchey province risks derailing Cambodia’s first forest-based carbon trading scheme backed by the U.N., according to the latest assessment of the project. Community forest groups, who stand to earn millions from the project, said on Wednesday that ...
http://www.cambodiadaily.com/news/illegal-logging-threatens-uns-carbon-trading-project-21395/
Mobile Bonuses Axed After Firm Complaint
Minister of Posts and Telecommunications So Khun said Wednesday that the government’s decision last week to order all mobile phone firms to stop offering generous top-up bonuses came after one of the market’s competitors complained to the ministry. Ian Watson, CEO of Mobitel, denied complaining ...
http://www.cambodiadaily.com/business/mobile-bonuses-axed-after-firm-complaint-21436/
Tourism: More Info Needed
In diversifing its holiday attractions, Cambodia’s tourism industry should focus on three key areas – the country’s northeastern region, the coasts and the vicinity around Siem Reap – but efforts to promote these destinations are still lacking, an industry leader says. Statistics from the Ministry ...
http://www.phnompenhpost.com/2013050265365/Business/tourism-more-info-needed.html
Thousands of workers in Cambodia march for pay rise on Int'l Labor Day
About 5,000 Cambodian workers took to the street on Wednesday to mark the International Labor Day, calling for pay rise, better labor conditions and decrease in petrol prices, a union representative said. Marchers, mostly garment workers, held banners and walked from the Freedom Park near the ...
http://news.xinhuanet.com/english/world/2013-05/01/c_132352087.htm
AFD in talks over power lines
The French Development Agency (AFD) said yesterday it is discussing an approximately 50 million euro ($65 million) loan to extend electricity transmission lines, and said it plans to provide more loans for vocational training in the Kingdom. “We are discussing [the] loan . . . that ...
http://www.phnompenhpost.com/2013050165342/Business/afd-in-talks-over-power-lines.html
Tales of intimidation
When activists Mom Sakin and Sorn Siyan took a stand against illegal logging in Kratie province last month, they were allegedly threatened with violence and lawsuits from officials. “Powerful people who wanted to intimidate us shot their guns into the air to prevent us from going ...
http://www.phnompenhpost.com/2013050165357/National/tales-of-intimidation.html
Made in Cambodia: Foreign Industry Calls on Cambodia as the Next “Low-Cost” Alternative in All Things Manufacturing
About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...
MobiTel, Smart Fight It Out Over Prices
With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share. On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile ...
http://www.cambodiadaily.com/news/mobitel-smart-fight-it-out-over-prices-21085/
Non-Government Groups Take Stock of the Country’s Rights Records
The government’s abuse of land rights and indigenous minorities were among the top concerns raised Tuesday by non-governmental groups at a workshop in Phnom Penh on Cambodia’s progress toward achieving a long list of U.N. human rights recommendations. As part of the U.N. Human Rights Council’s ...
http://www.cambodiadaily.com/news/non-government-groups-take-stock-of-countrys-rights-record-21113/
More Workers stopped From Entering Thailand
Police at border checkpoints have in the past weeks stopped more than 2,200 people in Banteay Meanchey province from crossing into Thailand to look for better paid work, officials said yesterday. The focus on Cambodian workers migrating to Thailand-many illegally-comes amid a shortage of labor at ...
Angry Villagers Confront Workers
Jarai minority villagers in Ratanakkiri’s O’Yadav district protested in two locations yesterday against a Vietnamese company that community leaders say has been clearing their protected land and forcing villagers to accept inadequate compensation. Community leader Sev Hem said 30 angry villagers directly confronted five Company 72 ...
http://www.phnompenhpost.com/2013050165347/National/angry-villagers-confront-workers.html
Telecoms Regulator Calls For Price Meeting
The Telecommunication Regulator of Cambodia (TRC) is calling all mobile phone operators to attend a meeting next week in order to reconsider the costs for within-and across-network calls, after disputes over bonus promotions in Cambodia’s crowded telecoms market. TRC director Mao Chakrya said that for the ...
http://www.phnompenhpost.com/2013050165340/Business/telecoms-regulator-calls-for-price-meeting.html
Laos, Cambodia aim to address illegal border issues
Illegal border movements, illegal logging, drug trafficking, illegal fishing and unofficial cross border trade are among the issues being confronted by Laos and Cambodia along their shared border at the moment. The report was made during a meeting held between Champassak provincial authorities from Laos and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzA1YzU0ODk0ZDM
Japan lends Cambodia 90 mln USD for road improvement project
Japan agreed Tuesday to provide a loan package of 90 million U.S. dollars to Cambodia for the improvement of a stretch of the national road No. 5 and two bypasses in northwestern provinces, according to a statement from Japanese Embassy to Cambodia. The statement said ...
http://search.news.cn/language/search.jspa?id=en&t=1&t1=0&ss=&ct=&n1=cambodia&x=-495&y=-54
Investors Look For Hotel Opportunities In Southeast Asia
Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang LaSalle. “Rising visitor arrivals, robust trading ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NGM4ODkxZTEzMjg
Government To Push Digital Empowerment
Senior government officials yesterday were promoting the development of the information and communication technologies (ICT) sector in the Kingdom, particularly the concept of digital empowerment among young people. Deputy Prime Minister Sok An, who presided over the opening of ITU Asia-Pacific Regional Development Forum, held in ...
http://www.phnompenhpost.com/2013043065306/Business/government-to-push-digital-empowerment.html
City Hall Denies Evicting Family Despite Fencing Off Homes
Three families protesting the fencing–off of the Phnom Penh building in which they have lived for decades were assured yesterday by City Hall-which “swapped” the property and the land on which it is built earlier this month-that they will not be evicted from the building ...
Online Trader Eyes Kingdom
An online trading firm based in the tax haven of Cyprus is planning to open a subsidiary in Cambodia, an account manager at IronFX’s headquarters in Cyprus said yesterday. “We are on the planning stage in Cambodia. We are now studying law and regulations in the ...
http://www.phnompenhpost.com/2013043065307/Business/online-trader-eyes-kingdom.html
Land Case Involving Minister’s Wife Is Heard
The Court of Appeal yesterday heard the case of a land dispute between a 70-year old woman from Kompong Chhang province and a company owned by the wife of the Minister of Industry, Mines and Energy over a 3,000 square meter parcel of land. In May ...
Thailand and Cambodia to forge closer trade talks
After the fourth Joint Trade Commission (JTC) recently, Commerce Minister Boonsong Teriyapirom said that Thailand and Cambodia had the potential to drive two-way trade up by 30 per cent, due to strong growth in 2012. Last year, bilateral trade grew by 40.5 per cent year on ...