សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Banks Urged to Divest From Ratanakkiri-Based Rubber Firm
Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...
Zsombor Peter
http://www.cambodiadaily.com/news/banks-urged-to-divest-from-ratanakkiri-based-rubber-firm-47045/
Cambodia's trade with Vietnam reaches 2.7 bln USD in 9 months
Bilateral trade volume between Cambodia and its neighboring Vietnam has hit 2.7 billion U.S. dollars in the first nine months of the year, up 10 percent compared with the 2.45 billion U.S. dollars over the same period last year, a Cambodian trade official said Thursday. Kem ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/14/c_132887645.htm
Orix Investment in Acleda Seen as Exploratory
Orix, a Japanese financial conglomerate, will acquire about $11 million shares in Acleda Bank PLC, Cambodia’s largest bank, by the year’s end, officials announced Wednesday, although industry executives said the investment appears only exploratory and likely won’t make more than a ripple in the banking ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/orix-investment-in-acleda-seen-as-exploratory-46968/
Insurance claims through the roof
Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...
Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof
H&M tries exclusivity agreement
Clothing giant H&M is testing the garment production waters by entering into exclusivity agreements with factories in Cambodia and Bangladesh, according to a report from Bloomberg News yesterday. This means that Sweden-based H&M would buy all of the factory’s output. H&M, it seems, would still be ...
Daniel de Carteret
http://www.phnompenhpost.com/business/hm-tries-exclusivity-agreement
Koh Russey Resort to exhibit in Hong Kong
Cambodia’s Koh Russey Resort development project is aiming to attract large foreign investment by exhibiting in Hong Kong. The resort will showcase its properties and facilities at an exhibition from November 29 until December 1, according to the real estate company CBRE. Expert staff of all departments ...
Moeun Nhean
http://www.phnompenhpost.com/real-estate/koh-russey-resort-exhibit-hong-kong
Cambodia's customs officials urge importers to pay "tax fees, not pay bribe"
Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/14/c_132886796.htm
Cambodia's export up 30 pct in 10 months
Cambodia’s export has seen a 30 percent rise in the first 10 months of 2013 thanks to the surges in the exports of garment, milled rice, and rubber, trade data showed Wednesday. The Southeast Asian nation has exported goods in a total value of 5.87 billion ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/13/c_132885668.htm
Cambodia's service sector encouraging, but reforms needed: ADB
Cambodia is benefiting from a steadily growing service sector, but it needs to clear a number of obstacles to harness the sector’s potential, said a new Asian Development Bank (ADB) report released on Tuesday. The report, entitled Developing the Service Sector as an Engine of Growth ...
Global Times News Staff
http://www.globaltimes.cn/content/824334.shtml#.UoLkAHCBlmM
Cambodia's insurance industry reports 20 pct growth in 9 months
Cambodia’s insurance industry recorded a total premium of 31 million U.S. dollars in the first nine months of the year, up 20 percent compared with the same period last year, figures showed Tuesday. It said during January-September period this year, the total amount of claims paid ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/12/c_132882328.htm
Mfone’s Assets Sold For Hugely Reduced Price
The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...
Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/
Law Aimed at Protecting Local Products Approved
The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...
Hul Reaksmey and George Styllis
http://www.cambodiadaily.com/news/law-aimed-at-protecting-local-products-approved-46855/
Acleda debuts its credit card
ACLEDA officially launched its first credit card on Friday as Cambodia’s largest bank eyes the country’s rising middle income bracket, president and CEO In Channy said yesterday. “This is the right time for us to start this Visa credit card product. By 2020, Cambodia will change ...
Daniel de Carteret
http://www.phnompenhpost.com/business/acleda-debuts-its-credit-card
New local carrier to launch flights
A new local airline is applying to fly in Cambodia, according to aviation officials, at a time when the market is monopolised by national flag carrier Cambodia Angkor Air and a handful of carriers offering chartered routes. Royal Spirit Airlines last Friday met with the State ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/new-local-carrier-launch-flights
World Bank Report Says Few Cambodians Using Bank Accounts
Only 3.7 percent of Cambodia’s 14 million people have bank accounts with a financial institution, while less than 1 percent of those with an account are actually using them to save money, according to a World Bank report released Tuesday. Though the World Bank’s Global Financial ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/world-bank-report-says-few-cambodians-using-bank-accounts-46844/
Malaysian company selling its local bank
Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...
Daniel de Carteret
http://www.phnompenhpost.com/business/malaysian-company-selling-its-local-bank
Californian Winery Enters Cambodian Market
California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/
Water Resources Minister Seeks Investigation Into Exported Sand
Minister of Water Resources and Meteorology Lim Kean Hor said Monday that he would seek an investigation into a $1.5-million haul of river sand exported to India in April in spite of a ban on the export of dredged sand handed down by Prime Minister ...
Hul Reaksmey
http://www.cambodiadaily.com/news/water-resources-minister-seeks-investigation-into-exported-sand-46848/
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
Thai Sugar Firm Meets With Koh Kong Evictees
Koh Kong Sugar has offered to settle its yearslong dispute with Cambodian families who accuse its plantations of stealing their land, but the farmers remain wary of being able to secure a fair deal. The firm, a subsidiary of Thailand’s Khon Kaen Sugar Industry Limited (KSL), ...
Zsombor Peter and Chhorn Chansy
http://www.cambodiadaily.com/news/thai-sugar-firm-meets-with-koh-kong-evictees-46811/
MFIs downplay debts
Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary. The comments come after both Prime Minister Hun Sen and ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-downplay-debts
Cambodian ambassador speaks highly of mutual exchanges with Vietnam
This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NTQ0YTNhY2QzOTQ
Coca-Cola To Probe Seven-Year-Old Cambodian Land Grab Case
Declaring that it has “zero tolerance” towards land grabbing, Coca-Cola has agreed to investigate a long running case in Cambodia where villagers are seeking court action against a company accused of seizing their land to make way for plantations linked to the supply of sugar ...
Eurasia Review News Staff
http://www.eurasiareview.com/09112013-coca-cola-probe-seven-year-old-cambodian-land-grab-case/
US Ambassador Advises More Labor Skills as Asean Integrates
US Ambassador William Todd on Thursday urged the Cambodian government to strengthen the skills of its laborers, in order to meet the needs of an integrated Asean in 2015. The 10 Southeast Asian countries that comprise Asean are all moving toward an integrated economic block, which ...
Kong Sothanarith
http://www.voacambodia.com/content/us-ambassador-advises-more-labor-skills-as-asean-integrates/1785729.html