ព័ត៌មាន
Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
Longan farmers in Pailin plan factory
A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ...
http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html
Hospitality sector booked out for Lunar New Year
When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...
Cambodia's energy costs deter investors
Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...
http://www.phnompenhpost.com/2013020761221/Business/cambodia-s-energy-costs-deter-investors.html
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html
Cambodia attracts 9.17 bln USD investment from China in last 18 years
Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...
http://news.xinhuanet.com/english/business/2013-02/06/c_132154931.htm
Cambodia boosts attraction of foreign visitors in 2013
Cambodian Tourism Minister H.E. Dr. Thong Khon said: Cambodia, Laos and Myanmar had gained high growth of tourist arrival in 2012 for Asean region. “Cambodia is continuing its work including promotion to the outside world to attract tourists to see the country.” he said this week. ...
Draft Law for Lower Sesan Dam Details Plans for Compensation
A draft law on the financing of a controversial dam project in Stung Treng province obtained yesterday shows that about $38 million will be spent on the resettlement of almost 800 families. This marks a significant decrease from the more than 1,000 families the companies ...
Cambodian rice millers to boost exports
Rice millers and exporters are optimistic that they will see an increase in exports this year after they received higher orders toward the end of 2012, producers said yesterday. Toch Tepech, president of the Svay Rieng Rice Millers Association, told the Post he had exported over ...
Singaporean law firm expands to Cambodia
Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...
http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html
Siem Reap International Airport records 340,000 passengers in January, South Korea stands first row
PHNOM PENH: the Siem reap international airport announced today that it gained 340,000 passengers for January and the South Korean passengers stand first class. “This is first time in its history, [sic] the statement said. It adds: barely a month after crossing the 2-millionth passenger milestone, ...
South Korea leads Asia’s big three as Cambodia’s leading investor
South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...
GMAC members double
The number of companies registering to become members of the Garment Manufacturing Association in Cambodia (GMAC) doubled last year, with more investment in value-added products. GMAC said the number of new members reached 120 last year, compared with 60 newcomers in 2011. “Labour-intensive industries in China ...
http://www.phnompenhpost.com/2013013061067/Business/gmac-members-double.html
Mfone $65 million in debt
Failed Cambodian telco Mfone owes at least $65 million to multiple creditors that sources say include the government. A court injunction to freeze Mfone‘s assets, obtained by the Post yesterday, shows Mfone owes Chinese telco provider Huawei Technologies more than $65 million. Phnom Penh Municipal Court judge ...
http://www.phnompenhpost.com/2013013061068/Business/mfone-65-million-in-debt.html
Cambodia attracts $2.28 bln investment projects last year: gov't report
Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...
http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm
Better to Ride These Bikes Than Make Them
Cambodia’s export business is in the process of changing due to shifts in manufacturing in Asia. A business publication in the country has reported unexpected growth in the “machinery and transport equipment” sector and speculated it was as [sic] “probably bicycles.” But when Cambodia jumped ...
http://www.iede.co.uk/news/2013_750/better-ride-these-bikes-make-them
Officials Draft Sub-Decree to Develop the Silk Sector
Officials at the Ministry of Commerce met on Friday to draft a sub-decree for the promotion and development of the Cambodian silk sector, but industry experts say the draft does not do enough for the local products used in the production of silk. The main ...
Villagers Still in the Dark About Lower Sesan Hydropower Dam
Thousands of villagers who will lose their land to the construction of the Lower Sesan 2 dam in Stung Treng province later this year have not been told of the government’s plans for their resettlement and compensation, a new study released yesterday shows. Through interviews with ...
Minh: Connectivity is key to Asean's tourism plans
Connectivity is crucial to the process of building the Asean Community, and ties in with the effort to market the region as a single tourist destination, the grouping’s chief said. “Asean is in the process of building the Asean Community, and in the process of building ...
http://www.nationmultimedia.com/aec/Minh-Connectivity-is-key-to-Aseans-tourism-plans-30198610.html
Southwest border flooded with contraband
The southwestern areas along the Vietnam – Cambodia border are now in their usual busy time of the year, with smuggled goods entering the country with near impunity. Most of the markets in the Mekong Delta are flooded with various contraband products, mostly brought from China ...
http://tuoitrenews.vn/cmlink/tuoitrenews/business/southwest-border-flooded-with-contraband-1.97203
China’s appetite for rubber increasing
Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...
http://www.phnompenhpost.com/2013012460966/Business/china-s-appetite-for-rubber-increasing.html
Cambodia attracts 2.05 bln USD investment projects in 11 months last year
Cambodia had issued licenses to 146 domestic and foreign investment projects with the total investment of 2.05 billion U.S. dollars in the first eleven months last year, showed a report of the Council for the Development of Cambodia (CDC) released Tuesday. During the period, the ...
http://www.asean-china-center.org/english/2013-01/23/c_132123007.htm
Value of construction in Cambodia skyrockets
The amount of money spent on construction in Cambodia soared by 72 per cent in 2012 compared to 2011, according to data from the Ministry of Land Management, Urban Planning and Construction. The ministry said it had issued 1,694 construction patents covering 6.5 million square metres ...
Ministry of Tourism to Target Chinese Visitors
Cambodia will construct a Chinese-language website and post Chinese-language signs at local hotels to cater to the growing numbers of Chinese nationals visiting the country, Minister of Tourism Thong Khon announced yesterday. “We will create a website in the Chinese language and also have additional signs ...