The Phnom Penh Post

Thirteen more White Building families accept compensation

The Ministry of Land Management yesterday convinced another 13 White Building families to accept compensation packages and vacate the site ahead of a major redevelopment project, leaving just 28 holdouts who continue to reject the terms. ...

Kong Meta
http://www.phnompenhpost.com/national/thirteen-more-white-building-families-accept-compensation

Korean chain Lotteria opens fifth local branch

South Korean food chain Lotteria, operated locally by Yinkok Food Corp, has expanded in Phnom Penh with its fifth branch opening in Dem Tkov market, according to a local media report yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/korean-chain-lotteria-opens-fifth-local-branch

Suits filed over ponzi schemes

Nearly 7,500 Cambodians who have fallen victim to ponzi schemes have come forward to file class-action lawsuits against three companies that allegedly cheated them out of nearly $60 million, officials said yesterday, estimating that the companies may have defrauded as many 50,000 victims to the ...

Hor Kimsay
http://www.phnompenhpost.com/business/suits-filed-over-ponzi-schemes

Questions raised over garment statistics

While Cambodia’s garment sector exhibited solid growth last year, employment levels declined, raising concerns about a potential rise in unregulated subcontracting, the International Labour Organization (ILO) said in a report released yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/questions-raised-over-garment-statistics

Profits sink in Q1 for capital industrial park

Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/profits-sink-q1-capital-industrial-park

Top Papua New Guinea bank to enter local asset market

Bank South Pacific (BSP), Papua New Guinea’s largest bank, signed a joint venture deal with RMA Cambodia to enter the Cambodian asset finance market, according to a media report yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/top-papua-new-guinea-bank-enter-local-asset-market

Bars to resist two-day ban on alcohol around commune elections

Local bars and restaurants have balked at a government directive that bans the sale or consumption of alcohol this weekend in a move ostensibly aimed at preventing civil disorder and unrest during commune elections. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/bars-resist-two-day-ban-alcohol-around-commune-elections

Homes, crops affected in northwest flooding

Five days of rain wreaked havoc in Cambodia’s northwest, with hundreds of hectares of crops affected in Pailin province and heavy flooding in Banteay Meanchey’s Poipet town. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/homes-crops-affected-northwest-flooding

Makro breaks ground on capital’s first wholesale retail warehouse

Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December. ...

Hor Kimsay
http://www.phnompenhpost.com/business/makro-breaks-ground-capitals-first-wholesale-retail-warehouse

Livelihood incentive for workers as industrial park enters JV

Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...

Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv

Training centre to help locals climb ladder at garment firms

The Garment Manufacturer Association of Cambodia (GMAC) will launch its new vocational training centre next month, providing courses aimed at upgrading the skills of Cambodian workers in a bid to replace the middle-management positions currently occupied predominantly by foreigners. ...

Hor Kimsay
http://www.phnompenhpost.com/business/training-centre-help-locals-climb-ladder-garment-firms

Pi Pay goes cashless with app

Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/pi-pay-goes-cashless-app

Smart posts Q1 growth despite stiff competition

Cambodian telecom Smart Axiata retained healthy growth in the first quarter, with revenue rising 17 percent year-on-year to 318,000,000 ringgit ($74.5 million), fuelled by data monetisation and effective cost management despite aggressive price competition by other telecommunication players, according to financials released by Malaysian parent ...

Post Staff
http://www.phnompenhpost.com/business/smart-posts-q1-growth-despite-stiff-competition

Government unveils portal for trademark registration

The Ministry of Commerce launched an online trademark registration gateway yesterday, allowing local and foreign individuals and firms to register their trademarks in Cambodia to protect them against infringement. ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-unveils-portal-trademark-registration

Garment exports surge up EU list

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/garment-exports-surge-eu-list

Trade fair fees reduced for local garment firms

Germany-based apparel industry trade fair organiser Messe Frankfurt France signed a memorandum of understanding with the Garment Manufacturers Association in Cambodia yesterday to offer discounted exhibitor fees to Cambodian manufacturers in a deal valued at €400,000 ($450,000). ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/trade-fair-fees-reduced-local-garment-firms

Mekong bridge construction gets underway

A bridge being constructed over the Mekong River will connect the provinces of Kampong Cham and Tboung Khmum once completed.Nou Vannak, director of the Ministry of Public Works and Transport’s technical department, told Post Property that construction works had recently started, however no official announcement ...

Siv Meng
http://www.phnompenhpost.com/post-property/mekong-bridge-construction-gets-underway

Opportune time to tap growing Chinese market in Sihanoukville

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...

Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville

Livelihood incentive for workers as industrial park enters JV

Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...

Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv

Investing smart to avoid commercial flop

As the country now focuses its attention on the commune elections, the real estate sector has quietened down slightly to observe the situation. However, Worldbridge Land’s chairman Sear Rithy is unperturbed as he prepares to launch another large-scale development in the capital. ...

Siv Meng
http://www.phnompenhpost.com/post-property/investing-smart-avoid-commercial-flop

Opportune time to tap growing Chinese market in Sihanoukville

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area. ...

Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville

Pursat to reap fruits of labour

It takes three hours by car to get to the quiet province of Pursat from Phnom Penh, winding westwards along approximately 200 kilometres on National Road 5. Recently, though, the sleepy town has been stirring under some ongoing developments in the form of a combined ...

Vandy Muong
http://www.phnompenhpost.com/post-property/pursat-reap-fruits-labour

Mekong bridge construction gets underway

A bridge being constructed over the Mekong River will connect the provinces of Kampong Cham and Tboung Khmum once completed. ...

Siv Meng
http://www.phnompenhpost.com/post-property/mekong-bridge-construction-gets-underway

Hopefuls duel for votes in Takeo

Residents of Takeo province’s Trapeang Thom Khang Cheung commune turned out to their local pagoda yesterday to experience something common during elections the world over but rarer in Cambodia: a public debate between the people seeking to govern them. ...

Mech Dara and Alex Willemyns
http://www.phnompenhpost.com/commune-elections/hopefuls-duel-votes-takeo

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