News

Online launch voice

Internet service provider Online is aiming to compete in the voice call market with its latest product, TalkMobile, a Skype-like application for handsets. Customers buy US$2 a month in credit to use the internet-based TalkMobile, and then pay prices ranging from about 6 cents a ...

http://www.phnompenhpost.com/index.php/2011070450152/Business/online-launch-voice.html

Growth in vehicle sales fuelled by bank loans, dealers say

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, ...

http://www.phnompenhpost.com/index.php/2011070450153/Business/growth-in-vehicle-sales-fuelled-by-bank-loans-dealers-say.html

More money for meat

Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department. Local vendors say the price increase comes due to a decrease in imports, forcing purchases of domestically ...

http://www.phnompenhpost.com/index.php/2011070450154/Business/more-money-for-meat.html

Online launch voice

Internet Service provider Online is aiming to compete in the voice call market with its latest product, TalkMobile, a Skype-like application for handsets. Customers are not required to connect via Online to use the application and may connect through rival ISPs and mobile companies. ...

http://www.phnompenhpost.com/index.php/2011070450152/Business/online-launch-voice.html

Cambodia to Cooperate with Korean Prosecutors

Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...

Growth in vehicle sales fuelled by bank loans, dealers say

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, increased ...

http://www.phnompenhpost.com/index.php/2011070450153/Business/growth-in-vehicle-sales-fuelled-by-bank-loans-dealers-say.html

ANZ Climbs Back Into The Green, Report Says

ANZ Royal Bank posted an $8.1 million profit for 2010 according to the bank’s annual report. A profit of $24.3 million was reported by Acleda. Trade and national payments were shows to have generated substantial earnings for the bank according to the report. ...

More Money For Meat

Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department. Economics Institute of Cambodia Senior Researcher Neou Sieha said yesterday that meat prices had seen significant increase ...

http://www.phnompenhpost.com/index.php/2011070450154/Business/more-money-for-meat.html

OZ Knew of Gold at M'Kiri Site, Report Shows

OZ Minerals has details revealing the size of gold resources available at its Mondolkiri site and has had them for nearly a year. For withholding the information OZ Minerals could face legal action in Australia. Keo Seima, a partner organization was bought out in 2009 ...

Kingdom officials in on Busan probe: report

South Korea’s Yonhap news agency reported yesterday that Cambodian officials have agreed to assist in the investigation of a scandal ridden South Korean savings bank with investments in the Kingdom. A South Korean investigation has revealed that bank executives and shareholders used deposits to ...

http://www.phnompenhpost.com/index.php/2011070450141/National-news/kingdom-officials-in-on-busan-probe-report.html

French Premier Signals Investor Frustrations

Prime Minister of France Francois Fillon informed Cambodian officials of the frustration of French investors with Cambodia as agreements were often failing to materialize or were subject to other barriers. Prime Minister Hun Sen met the French Premier along with other officials to discuss investment ...

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say. The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, ...

http://www.phnompenhpost.com/index.php/2011070150113/Business/pig-production-priority.html

Mobile phone revenues per user to decline

Revenues per user in Cambodia’s mobile phone sector will drop sharply over the next five years, according to global research and consultancy firm Frost & Sullivan. The company said the average revenue per user – ARPU, a key metric for the industry – would fall ...

http://www.phnompenhpost.com/index.php/2011070150112/Business/mobile-phone-revenues-per-user-to-decline.html

Sand dredging hits eco-resort

An enormous sand dredging operation in Koh Kong province has escalated, a resort owner said yesterday, with boat crews allegedly trespassing onto private land and digging sand within hundreds of metres of the complex. Janet Newman, the owner of the Rainbow Lodge eco-tourism resort, said ...

http://www.phnompenhpost.com/index.php/2011070150119/National-news/sand-dredging-hits-eco-resort.html

City Hall bans June Textile rally

The president of the Cambodian Confederation of Unions said yesterday that he would defy a municipal order banning employees from June Textile Factory from marching to Prime Minister Hun Sen’s house to seek resolution in a labour dispute. According to a report from a City ...

http://www.phnompenhpost.com/index.php/2011070150121/National-news/labour-dispute-city-hall-bans-june-textile-rally.html

Thai Exports Ban to Benefit Hog Farmers

A ban of live pig exports by Thailand will benefit local farmers as prices are expected to rise. According to the MSME Project most of the pork in Cambodia comes from Thailand. Only 40 to 50 percent of Cambodia’s hogs are supplied by domestic farmers. ...

Arbitrators Now Express Support for Exams

Having completed their exams trainee arbitrators have applauded them as fair and transparent. 33 of the 45 candidates have successfully passed the exams. In December 2010 Prime Minister Hun Sen signed an order requiring arbitrator candidates to take an exam, after the establishment of the ...

Farmers Look to Cassava for Its High Prices

The number of farmers growing cassava in Cambodia has increased with the land dedicated to its cultivation having been doubled this year. Floods in Thailand resulted in a drop in availability increasing demand and as a result prices. 294,359 hectares of cassava have been planted ...

Rice Milling

After the garment industry, Cambodia’s Rice Milling efforts have been seen as ripe for consolidation. Discussion has focused on what model to adopt. Industry members have taken varying stances, as have members of the government more ...

Rubber Industry Growth

While many have characterized the rubber industry as changing hands but not methods, one new firm is showing a level of increased accountability that may help to set a new standard for the sector. Romdoul Rubber in Ratanakiri has While many have characterized ...

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