សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Government salaries to no longer be paid in cash
The wages of 400,000 civil servants from 39 government ministries are to be paid via a new electronic banking system due to be rolled out next month. Secretary of State for the Ministry of Economy and Finance Chu Kim Leng announced the new payroll system on ...
Chan Muy Hong
http://www.phnompenhpost.com/business/government-salaries-no-longer-be-paid-cash
China's Taiwanese bank looks into Cambodian financial sector
The Shanghai Commercial & Saving Bank (SCSB), one of the leading banks in China’s Taiwanese region, opened a representative office here on Monday thanks to increasing interest in Cambodia by Taiwanese business people, a bank official said. To date, Cambodia has six foreign banks’ representative ...
Global Times News Staff
http://www.globaltimes.cn/content/829199.shtml#.Up2E2cQW2Dt
Challenging business for startups
The World Bank recently ranked Cambodia 184th out of 189 countries for ease of starting a business, but you wouldn’t have known it at Phnom Penh’s recent Startup Weekend. Pitches for Cambodia’s first commercial organic chicken farm and for an app to connect tuk-tuk drivers to ...
Justine Drennan
http://www.phnompenhpost.com/business/challenging-business-startups
S&P reaffirms rating despite political worry
Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...
Eddie Morton
http://www.phnompenhpost.com/business/sp-reaffirms-rating-despite-political-worry
Cambodia's Siem Reap, China's Jiangxi ink cooperation deal
Cambodia’s cultural Siem Reap province and China’s eastern Jiangxi province have signed a memorandum of understanding (MoU) to strengthen cooperation in a number of fields, according to a copy of the MoU on Saturday. The deal was inked on Friday afternoon between Khim Bunsong, governor of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-11/30/c_132930687.htm
Japan's Yusen Logistics launches Cambodia to Osaka service
Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka. The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes, ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmZhNDRhODA1ZDI
New Association to Take on Illegal DVD Sales
The Motion Picture Association of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...
Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/
Smart Mobile Sees 36% Revenue Growth
Malaysian telecommunications company Axiata Group Berhad reported Wednesday that its Cambodian brand Smart has seen strong growth in the first nine months of the year, with revenue increasing by 36 percent compared with the same period last year. In its third quarter financial report, Axiata said ...
George Styllis
http://www.cambodiadaily.com/business/smart-mobile-sees-36-revenue-growth-48215/
Poor Education Could Cripple Business Growth
Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-listed-as-nsa-collection-point-48188/
Putting parking reform in gear
With civil society, the opposition and even the ruling party talking more and more about the subject of electoral and judicial reforms in the wake of July’s contested national elections, some groups yesterday gathered to call for reforms in a more modest sector – parking ...
Chhay Channyda
http://www.phnompenhpost.com/national/putting-parking-reform-gear
Government Sold National Ship Registry Rights
Cambodia has no control over Cambodian-flagged ships complicit in illegal activities on the high seas as the government sold the authority to register ocean-going vessels, under Cambodia’s national flag, to a company in South Korea for $6 million, a Council of Ministers official claimed Thursday. On ...
Denise Hruby and Kuch Naren
http://www.cambodiadaily.com/news/government-sold%E2%80%88national-ship-registry-rights-48186/
Investment law change-up
Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...
Hor Kimsay
http://www.phnompenhpost.com/business/investment-law-change
Regional peers urge gov’t to probe deaths
An organisation made up of current and former elected representatives from across Southeast Asia has called on the United Nations to investigate the deaths of two people shot by police during protests over the past three months. In a statement released yesterday, ASEAN Parliamentarians for Human ...
Eddie Morton
http://www.phnompenhpost.com/national/regional-peers-urge-gov%E2%80%99t-probe-deaths
DENSO, Toyota Tsusho and Aisin Seiki to Open Wholly-Owned Automotive After-Sales Service Store in Cambodia- Will offer high-quality automotive after-Sales services in emerging economies
DENSO Corporation , Toyota Tsusho Corporation and Aisin Seiki Co., Ltd., will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the ...
Hispanic Business News Staff
http://www.hispanicbusiness.com/2013/11/28/denso_toyota_tsusho_and_aisin_seiki.htm
Standard & Poor's says outlook stable as Cambodia ratings affirmed
Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. At the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjFhZTkwM2YxZjJ
Cambodia 'Still in Block A talks with Chevron'
The Royal Cambodian government is continuing talks with US major Chevron regarding the delayed Block A offshore project that would be the Asean member nation’s first indigenous hydrocarbon development. In August 2010, eight years after being awarded the block, Chevron issued a declaration of commerciality and ...
Upstream Online Staff
http://www.upstreamonline.com/live/article1345016.ece
EU Fish Ban Blamed on Cambodian-Flagged Vessels
A ban on imports of Cambodian seafood proposed by the European Commission (E.C.) is in direct response to Cambodian-flagged vessels complicit in illegal fishing in international waters, Jean-Francois Cautain, European Union (E.U.) ambassador to Cambodia, said Wednesday. The E.C. on Tuesday announced that Cambodia was “non-cooperating ...
Denise Hruby
http://www.cambodiadaily.com/news/eu-fish-ban-blamed-on-cambodian-flagged-vessels-48065/
National Bank Governor’s Daughter Named New Director-General
Chea Serey, the daughter of National Bank Governor Chea Chanto, has been promoted to director-general of the central bank, she confirmed this week. Ms. Serey will replace Nguon Sokha, who said that she left the National Bank about a month ago after being appointed as a ...
Colin Meyn
http://www.cambodiadaily.com/business/national-bank-governors-daughter-named-new-director-general-48069/
Cambodia's trade with China's Hong Kong up 19 pct in 9 months
Trade between Cambodia and China’s Hong Kong Special Administrative Region has seen a 19- percent growth in the first nine months of the year thanks to robust bilateral trade ties, Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council, said here Wednesday. ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/28/c_132926075.htm
EU's fish import ban not harming Cambodia's export: official
The European Commission’s proposed ban on fish imports from Cambodia would cause no harm to the country’s fish exports since it has never sold fish to European countries, a Cambodian fisheries chief said Wednesday. “The sanctions, announced by the European Commission on Tuesday, do not affect ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/27/c_132922402.htm
Mfone Files Complaint With Court
The administrator charged with liquidating bankrupt mobile operator Mfone filed a complaint Tuesday with the Phnom Penh Municipal Court, requesting it to order two companies to pay money owed to Mfone after repayment negotiations apparently failed, the administrator said. Mobile payment service WING Cambodia Co. Ltd. ...
Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/business/mfone-files-complaint-with-court-47959/
Labor Ministry Says Brands Hold Key to Wages
The minimum wage for garment factory workers can only be raised if international clothing brands sourcing from Cambodia pay more for their products, a Ministry of Labor official said Tuesday. Khieu Savuth, chief of the Ministry of Labor’s labor conflict commission, laid down the challenge a ...
Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/business/labor-ministry-says-brands-hold-key-to-wages-47966/
‘Millions’ to be made off energy efficiency
Against the backdrop of high electricity costs and energy imports, Cambodian businesses could save millions of dollars annually by implementing energy-efficient business practices, insiders said yesterday. “It is clear that energy efficiency has multiple benefits, not only to the tourism sector but also other economic sectors ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/%E2%80%98millions%E2%80%99-be-made-energy-efficiency
Cambodia attracts over 879,000 tourists from ASEAN region
For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said. The figure of tourist arrivals from ASEAN for the ...
The Southeast Asia Weekly Staff
http://www.thesoutheastasiaweekly.com/cambodia-attracts-over-879000-tourists-from-asean-region/