ព័ត៌មាន
Malaysian motos to enter market
Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the ...
http://www.phnompenhpost.com/business/malaysian-motos-enter-market
Cash for Siem Reap Market Repair to Come From National Budget
A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...
Mobile Payments Set for Phnom Penh Eateries
Diners may soon be able to leave their wallets at home the next time they decide to eat at a restaurant in Phnom Penh. Starting next week, WING, a Cambodian mobile payment service provider, will introduce a new service that allows people to pay their restaurant ...
http://www.cambodiadaily.com/business/mobile-payments-set-for-phnom-penh-eateries-30765/
Cambodian Parliament Rejects Opposition-Proposed Draft Law On Minimum Wages For Civil Servants, Garment Workers
The National Assembly’s Commission on Economy on Wednesday rejected the opposition- proposed draft law on minimum wages for garment and state workers. The opposition group proposed the National Assembly to make a law to limit a monthly minimum wage of 150 U.S. dollars for garment ...
http://news.xinhuanet.com/english/world/2013-04/03/c_132282889.htm
Vietnam listed in top five investors in Cambodia
The figures were released at a recent conference reviewing three years of Vietnamese trade and investment promotion in Cambodia, held by the Association of Vietnamese Investors in Cambodia (AVIC) in Phnom Penh. In 2010, Vietnam had only 41 investment projects totaling US$566 million in Cambodia. AVIC has ...
http://talkvietnam.com/2012/12/vietnam-listed-in-top-five-investors-in-cambodia/#.UNvPbqzfmW4
UK to increase trade with Cambodia
British ambassadors and high commissioners from the ASEAN region convened last week in Singapore; among the range of topics discussed was the increase of the UK’s economic involvement in the region. According to Mark Gooding, British Ambassador to Cambodia, UK trade with Cambodia has been increasing ...
Major Gap Emerging Between Labor Market and Job Seekers
PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...
Chevron drilling delay caused by US slowdown: lawmaker
Chevron Oil and Gas Co has delayed offshore oil drilling in Cambodia until 2016 mainly because of the economic slowdown in the United States, a senior lawmaker says. Cheam Yeap, chairman of the National Assembly Commission on Economy, Finance, Banking and Audit, said inadequate human resources ...
ASEAN+3 leaders meet in Cambodia to chart future cooperation
The ASEAN+3 (China, Japan and South Korea) Summit was held here on Monday to discuss measures and actions to further enhance cooperation in the future. The Summit was made between the leaders of the ten-country ASEAN led by Cambodian Prime Minister Hun Sen and the leaders ...
http://news.xinhuanet.com/english/china/2012-11/19/c_131984651.htm
Gillard talks trade in Cambodia
PRIME Minister Julia Gillard is aiming for an ambitious trade agreement that not only covers ASEAN and its neighbours but leaves the door open for other entrants. Ms Gillard arrived in the Cambodian capital Phnom Penh on Monday for the East Asia Summit, which is set ...
Regus Opens in Cambodia, Expands Footprint to 99 Countries
Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...
Reserve rate doesn't worry local banks
Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...
Cambodian king visits Vietnam to cement bilateral ties
Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...
http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm
Cambodia Says No Strings Attached in Recent Chinese Aid
China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...
http://blogs.wsj.com/searealtime/2012/09/06/cambodia-says-no-strings-attached-in-recent-chinese-aid/
Cambodia Nothing To Fear From Openness And Competitions: Trade Minister
Cambodia so far has not feared for creating ASEAN economic community 2015 and deeper ASEAN and East Asia regional integration as the region will have free flow of goods, worker mobilization, finance and investment,” trade minister Cham Prasidh said on June 12. His announcement was made during the workshop of ASEAN economic community 2015. “We ...
KR Banking Chief Says Institution Was Sham
On his first day of questioning at the Khmer Rouge tribunal yesterday, Sar Kim Lomouth, the deputy director of the State Bank of Democratic Kampuchea, described how the national financial institution was nothing but a charade during the Pol Pot regime. Currency had been abolished and financial transactions eliminated under ...
FTB signs MoU with Tong Yang
The Foreign Trade Bank of Cambodia (FTB) and Tong Yang Securities (Cambodia) yesterday signed a memorandum of understanding on financial consultation services and trade co-operation that is hoped to expand banking and securities business in the country. The MoU should bring the bank and the securities firm into ...
ASEAN aims to dodge crisis in West
ASEAN finance officials and the heads of regional central banks yesterday homed in on the possibility of economic crisis as well as potential means of averting contagion in fledgling Southeast Asian economies. The officials have also agreed “in principle” to doubling a regional currency fund to ...
More companies must list for the CSX to be a success
One of the personalities closely associated with the development of the stock exchange in Cambodia, Morten Kvammen, a director at SBI Royal Securities, says the CSX needs more companies to list in order to be successful. Kvammen, a graduate of the Wharton School of Finance and ...
Shrimp firm in dispute with equity fund
Nautisco Seafood Manufacturing Inc, a Canadian-Cambodian shrimp producer in Preah Sihanouk province, has accused the private equity fund Leopard Capital, one of its shareholders, of draining the company of its finances. In a statement released Friday, Nautisco said that Phnom Penh Municipal Court had ordered the ...
MIME backs Kingdom SMEs
The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...
MFI survey claims debtor success
A survey by Cambodian microfinancers showed debtors were better off in several respects than those who didn’t borrow from the institutions, MFI officials claimed. Responding to recent concerns over the role of microfinance institutions in creating poverty and loss of property in the Kingdom, the Cambodia ...
ADB offers $15m loan for financial-sector growth
Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...
Vietnamese military bank to open doors today
Vietnam’s Military Commercial Joint-Stock Bank (MB Bank) will open its doors in Phnom Penh today, becoming the fourth Vietnamese bank to set up operations here and bringing the total number of commercial banks in Cambodia to 31. Nguon Sokha, general director of the National Bank of ...