សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Gov’t pledges to cut red tape
In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/gov%E2%80%99t-pledges-cut-red-tape
EU to ban fish imports from Belize, Guinea and Cambodia
Fish imports from Belize, Guinea and Cambodia are to be banned from the European Union, and three more countries have been warned their imports are in danger, in the first major sanction against countries that allow illegal fishing operations to carry on under their countries’ ...
Fiona Harvey
http://www.theguardian.com/environment/2013/nov/26/eu-ban-fish-import-belize-guinea-cambodia-illegal-fishing
Food-price hike hits workers
The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/food-price-hike-hits-workers
Cambodian oil imports decrease by 2.2 per cent
Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...
Chan Muy Hong
http://www.phnompenhpost.com/business/cambodian-oil-imports-decrease-22-cent
Local production still lagging
As the cost of imports rise, local producers could see an opportunity to increase their market share, but for most a lack of output and quality means potential is limited, industry observers said yesterday. Customs officers who had often undercut the official rate are now ...
Hor Kimsay
http://www.phnompenhpost.com/business/local-production-still-lagging
Construction of port terminal set for early ’14
Construction on a new multi-purpose terminal at Sihanoukville Autonomous Port is expected to begin in early 2014 to support Cambodia’s rising exports, port officials said yesterday. The new terminal, linking sea to shore, will occupy three hectares and is expected to be finished by late 2016. ...
Chan Muy Hong
http://www.phnompenhpost.com/business/construction-port-terminal-set-early-%E2%80%9914
Land Rover, Jaguar enter Cambodia
Following the recent wave of luxury car brands entering the Cambodian market, RMA Cambodia’s CEO said yesterday that the firm will bring in UK brands Land Rover and Jaguar by opening a showroom before the end of the year. The newly appointed official authorised dealer will ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/land-rover-jaguar-enter-cambodia
PPSEZ signs MoU with Tokyo bank
Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...
May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank
H&M pledges living wage for textile workers in Bangladesh and Cambodia
H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in the wake of the Rana Plaza disaster. The world’s second-biggest clothing retailer said it would support ...
Sean Farrell
http://www.theguardian.com/business/2013/nov/25/h-m-living-wage-textile-workers-bangladesh-cambodia
‘No Rush’ For Cambodia on Trans-Pacific Trade Agreement, Experts Say
Two ambitious trade negotiations are moving forward in the Asia Pacific, but Cambodia should first pursue a regional partnership before joining in with all of the Asia Pacific, trade experts say. Cambodia should build momentum on the existing Regional Comprehensive Economic Partnership, an Asean-driven agreement, before ...
Khoun Theara
http://www.voacambodia.com/content/no-rush-for-cambodia-on-trans-pacific-trade-agreement-experts-say-cambodia/1794961.html
Answers demanded on dam site
A month after a company owned by tycoon Kith Meng was ordered to suspend logging the reservoir area of the controversial Lower Sesan II dam, the government yesterday threatened legal action against it if its orders aren’t followed. In a letter obtained by the Post yesterday, the Council ...
May Titthara
http://www.phnompenhpost.com/national/answers-demanded-dam-site
Customs' taxing dilemma
Average Cambodians are to pay the price for stamping out corruption in the customs department. Prices for basic goods, such as food and clothing, rose recently after the department was ordered last week to clean up its act and apply the official tax rate, importers told ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/customs-taxing-dilemma
Salt farmers fear little output due to rainfall
As salt farmers in Kep and Kampot provinces prepare for the upcoming salt season, they have expressed concerns that unstable weather conditions could cause a supply shortage on the growing domestic market. Salt production in Cambodia usually starts in early January and ends in late ...
Chan Muy Hong
http://www.phnompenhpost.com/business/salt-farmers-fear-little-output-due-rainfall
Snake Island plans back to the drawing board
A development company with a government concession for a high-end property project on the island of Koh Pos, also known as Snake Island, has announced that it will significantly alter its original plans for the project. The new plan, which must first be submitted for ...
Siv Meng
http://www.phnompenhpost.com/real-estate/snake-island-plans-back-drawing-board
Tonle Bassac: Primed for the future
Tonle Bassac is located on the western shore of the Bassac River, from which it takes its name (Tonle is Khmer for ‘river’). Contained by the river to the east, Sihanouk Boulevard to the north and Norodom Boulevard to the west, Tonle Bassac hooks westward ...
David Murphy
http://www.phnompenhpost.com/real-estate/tonle-bassac-primed-future
Micro-insurance access urged
Cambodia’s finance sector should increase insurance accessibility to its smallest lenders to help protect against indebtedness at times of disaster, an industry expert said at a conference in Phnom Penh yesterday. Speaking at the Hotel Cambodiana to an audience of industry representatives on rural entrepreneurship, Jaime ...
Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/micro-insurance-access-urged
Lending at Cambodia's banks increases 17 pct in 9 months
Cambodia’s banking sector has seen 17 percent rise in lending in the first nine months of the year, the central bank’s figures showed Thursday. The kingdom’s 34 commercial banks had provided a total loan of 6.89 billion U.S. dollars to customers by the end of September ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/21/c_132907523.htm
Accounting, Auditing Crucial in Development, Experts Say
Proper accounting and auditing help promote business opportunity and development, finance experts say. Socheat Chum, a senior associate auditor for KPMG, a professional accounting service, told “New Voices” on Monday that companies with “solid” financial statements will “attract more business partners and be able to borrow ...
Im Sothearith
http://www.voacambodia.com/content/accounting-auditing-crucial-in-development-experts-say/1793321.html
Vietnamese market planned
Cambodia’s first Vietnamese wholesale market is being constructed in Phnom Penh, a Vietnamese trade officer told the Post yesterday. Tran Tu, trade attaché of the Vietnam Trade Office in Cambodia, said the new wholesale market seeks to enhance Vietnamese produce in Cambodia. The wholesale market, will be located ...
May Kunmakara
http://www.phnompenhpost.com/business/vietnamese-market-planned
Despite Denials, Levi’s Still Producing at SL Garment Factory
U.S. denim giant Levi Strauss continued to deny this week that its products are linked to the strife-torn SL Garment Factory in Phnom Penh, despite new photographs showing Levi’s trademark jeans stacked on benches at the plant in Meanchey district. The Singaporean-owned factory, which also produces ...
Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/news/despite-denials-levis-still-producing-at-sl-garment-factory-47389/
Phnom Penh’s 5 New Districts Create Fears of Gerrymandering
Phnom Penh City Hall’s plans to undertake the largest redrawing of the city’s administrative boundaries in decades, by creating five new districts before May’s district and city-level council elections, is likely an effort to gerrymander voting constituencies, a senior opposition party member said Monday. Municipal government ...
Alex Willemyns
http://www.cambodiadaily.com/news/phnom-penhs-5-new-districts-create-fears-of-gerrymandering-47269/
IMF Predicts Country’s Economy to Grow 7%
The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
Cambodia's trade with China up 31 pct in 9 months
The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...
ECNS News Staff
http://www.ecns.cn/business/2013/11-15/88574.shtml
Update says rubber company up to old tricks
Vietnamese rubber firm Hoang Anh Gia Lai (HAGL) has failed to keep its commitments to address human rights and environmental abuses at its plantations in Cambodia, Global Witness said in a statement yesterday. In May, the London-based NGO published an investigation into two Vietnamese rubber companies ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/update-says-rubber-company-old-tricks