ព័ត៌មាន
Laos Dam Construction Going Ahead, Company Says
Thai construction company Ch Karnchang has continued work on the controversial Xayaburi dam in Laos, even as the Lao government has assured other Mekong River nations that the project is postponed pending further environmental studies, the company’s CEO said yesterday. Ch Karnchang’s CEO Plew Trivisvavet told ...
Business concept competition a success
A business concept competition between university students from Cambodia, Japan and Myanmar that provided the perfect opportunity for improving business plans and networking with business people yesterday was won by one of Cambodia’s own. Lay Huy Huoy, a second-year student at Cambodian Mekong University majoring in business and ...
Cambodia Needs $100 Million Annual Investment to Develop Energy Projects
Phnom Penh: “Cambodia is needing $ 1 billion over the years or at least 100 million annual investment to develop renewable energy projects for rural electrification in order to reduce its dependence on diesel consumption,” said Mr. Toch Sovanna, Director of Departmemnt of Energy Technique, ...
Rights Groups Call on Thai, Lao Leaders to Halt Dam
A group of Cambodian NGOs sent a letter to the prime ministers of Thailand and Laos on Friday calling on them to stop the construction of a controversial dam on the Mekong River and respect the 1995 Mekong Agreement. “We would like to urgently call ...
Fish and rice, together at last
A new long-term project aims to boost fish stocks in rice fields. That was not a typo. For years, rice farmers in Cambodia have swept up fish – as well as frogs, snails and other aquatic fauna – that make their way from streams, canals and ...
Business Registrations Up 10.8% in First 6 Months
The number of new businesses registered in Cambodia through the first six months of 2012 reached 1,694, an increase of 10.86 percent compared to the same period last year, according to figures released on Tuesday by the Ministry of Commerce. ...
Telco regulator to launch
A regulator for Cambodia’s telecommunications industry is expected to launch next month with the hopes of putting in order a sector that has seen little regulation during its short history. Industry insiders have called the move positive but many questioned the body’s ability to rein in ...
http://www.phnompenhpost.com/index.php/2012072757654/Business/telco-regulator-to-launch.html
Viet Nam invests over VND110 billion in sugar planting in Cambodia
Sugar factories from Tay Ninh Province have spent over VND110 billion (US$5 million) to plant sugar cane in Cambodia’s Svay Rieng Province for the 2012-2013 crop, said the Tay Ninh People’s Committee. Vietnamese sugar producers have planted the crops in Cambodia as sugar cane in ...
Russian-Cambodian satellite venture launched
A new Russian-Cambodian digital satellite television service plans to have 400,000 subscribers in the next two years with 60 channels in Khmer, English, Russian, Chinese, Vietnamese and other languages. The venture between Russia’s General Satellite and Cambodia’s Royal Group was soft-launched last night at Sofitel, with ...
http://www.phnompenhpost.com/index.php/2012072557590/Business/onetv-satellite-venture-launched.html
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which ...
Banks Look to Offer Services Using Renminbi
Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...
Coral reef areas to gain protection in Cambodia
Cambodia’s first Marine Protection Area will be established around two emerging tourist destinations, Koh Rong and Koh Rong Samloem islands, a British conservation group has announced. NGO Coral Cay Conservation said last week that it has been invited to map out a 300-square-kilometre MPA by the ...
WWF Says Work on Dam in Laos Mocks Mekong Accord
The Lao government’s refusal to halt the construction of a controversial mainstream Mekong dam is “making a mockery” of an agreement between the four Mekong countries, international conservation group World Wildlife Fund (WWF) said yesterday. Though Laos had agreed in December to suspend construction of the ...
Thai government reconsiders deportation
Thailand is rethinking a controversial plan to deport pregnant migrant workers from countries such as Cambodia and instead support them following widespread outrage, a Thai labour ministry official said yesterday. Last month, Thai Labor Minister Padermchai Sasomsap announced plans to send home migrant workers who were ...
Loans, deposits mirroring growth
Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...
http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html
Workers ditch factories for fields
At some point during the planting season this year, Pheap Srey Ngoun will leave her garment factory floor for a rice paddy in Cambodia’s Prey Veng province. Like many fellow garment workers she will leave her position, with permission from the factory, to lend a hand ...
ILO Launches Campaign to Combat Mass Faintings
The International Labor Organization’s Better Factories Cambodia program yesterday launched its One Change Campaign to encourage factories to implement changes that would reduce incidents of mass faintings. Maeve Galvin, a consultant for Better Factories Cambodia, said the campaign is supported by major international clothing brands as ...
Indian envoy seeks direct flights to Cambodia
India’s Ambassador Dinesh K. Patnaik pledged Tuesday to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. ...
http://in.news.yahoo.com/indian-envoy-seeks-direct-flights-cambodia-061659956.html
New border crossing to open at Preah Vihear
Cambodia and Thailand will open another permanent border crossing between Preah Vihear province and Thailand’s Ubon Ratchathani province on Wednesday An Ses, the new permanent border crossing, is primarily used for the trade of agricultural products. Cambodian people usually import products from Thailand through the crossing, ...
Trade Deficit Up 34 Percent On Last Year
Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...
Cambodia's export growth falls
Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...
http://www.phnompenhpost.com/index.php/2012072357550/Business/export-growth-falls.html
Ford takes 20 per cent of new car market
Before the big dinner with Hillary Clinton, Prime Minister Hun Sen and the leaders of Thailand and Myanmar on July 13 in Siem Reap, Tom Whitcraft of RMA Group, which owns the Ford dealership in Cambodia, sat down for an interview. Whitcraft said Ford has about ...
US looks beyond garments to deepen Cambodia trade
The biggest US trade delegation to Cambodia in decades joined Secretary of State Hillary Clinton here as the two countries look to expand their economic relationship beyond exports of cheaply produced garments. “On the economic front, there is much more room for us to grow ...
http://www.bangkokpost.com/news/asia/303886/us-looks-beyond-garments-to-deepen-cambodia-trade
Thai media targets Kingdom
RSiam, the country-music business unit of RS Public Company Limited, a Thai entertainment company, is seeking partners in Cambodia and Laos, said RS executive vice president Soopachai Nillawan. RS owns a record label, produces programming for television, makes films, publishes magazines and promotes concerts. ...
http://www.phnompenhpost.com/index.php/2012072357548/Business/thai-media-targets-kingdom.html