The Phnom Penh Post

Charting changes in Japanese FDI

Japan’s investment in Cambodia continues to grow and its investors are playing a leading role in developing and diversifying the Kingdom’s light industrial sector. ...

Hor Kimsay
http://www.phnompenhpost.com/business/charting-changes-japanese-fdi

Telecom backbone now extends over 26,000km

Three telecom operators provide a total of more than 26,000 kilometres of backbone fixed-line infrastructure as of June, the Ministry of Posts and Telecommunications announced yesterday in a report posted on its Facebook page.   ...

Post Staff
http://www.phnompenhpost.com/business/telecom-backbone-now-extends-over-26000km

Gas One aims to pipe into demand for LPG

A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/gas-one-aims-pipe-demand-lpg

Tobacco giant quits industry group over packaging dispute

The local arm of tobacco giant Japan Tobacco International (JTI), which makes Camel, Winston and Mevius cigarettes, has blasted the Association of the Tobacco Industry of Cambodia (ATIC) for failing to ensure its members adhere to new regulations mandating graphic health warnings on cigarette packages. ...

Janelle Retka
https://www.cambodiadaily.com/news/tobacco-giant-quits-industry-group-over-packaging-dispute-116040/

First-ever FDI survey identifies $20B in capital inflow

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow

Travel-goods makers told act now or risk missing the boat

Just weeks since the United States announced it would grant new trade privileges that allow Cambodian-manufactured travel goods such as luggage and backpacks to enter the US market duty-free under its Generalised System of Preferences (GSP) scheme, a visiting American trade official hinted yesterday that ...

Kali Kotoski
http://www.phnompenhpost.com/business/travel-goods-makers-told-act-now-or-risk-missing-boat

Cambodia, Vietnam to build market on border

The Vietnamese government yesterday agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said. ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-vietnam-build-market-border

Gas One aims to pipe into demand for LPG

A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/gas-one-aims-pipe-demand-lpg

ELCs don’t reduce poverty: paper

Economic land concessions (ELCs) are supposed to be transforming Cambodian agriculture into a heavyweight industry and raising the living standards of millions of rural Cambodians, according to government policy documents. ...

Jack Davies
http://www.phnompenhpost.com/national/elcs-dont-reduce-poverty-paper

Ministers discuss Sihanoukville’s still-murky development plans

An inter-ministerial meeting that took place earlier this month in Preah Sihanouk was said to have been called to make concrete the seesawing plans of the province’s business and environmental development. ...

Siv Meng
http://www.phnompenhpost.com/post-property/ministers-discuss-sihanoukvilles-still-murky-development-plans

As garment minimum wage talks begin, other sectors want in

As unions, employers and government officials met for the first time in the run-up to the annual battle over the garment industry’s minimum wage yesterday, another group of labour and advocacy groups were asking when they would be part of those discussions. ...

Sen David and Ananth Baliga
http://www.phnompenhpost.com/national/garment-minimum-wage-talks-begin-other-sectors-want

ACU clears senior traffic cop of corruption complaint

The Anti-Corruption Unit has cleared senior traffic police officer Run Roth Veasna of any wrongdoing after he was subject to a complaint alleging a wide range of corrupt conduct. ...

Mech Dara
http://www.phnompenhpost.com/national/acu-clears-senior-traffic-cop-corruption-complaint

Rosewood exports to Vietnam achieved with fake signatures: official

Thousands of cubic metres of endangered Siamese rosewood were sent to Vietnam in 2014 with export permits bearing the Photoshopped signature of a retired Ministry of Agriculture, Forestry and Fisheries (MAFF) secretary of state, a ministry official said yesterday. ...

Jack Davies and Phak Seangly
http://www.phnompenhpost.com/national/rosewood-exports-vietnam-achieved-fake-signatures-official

Bosch says sales rising on growth of economy

Bosch Cambodia, a supplier of power tools and automotive parts, announced yesterday that its sales revenue grew by 22 per cent in 2015, driven largely by a greater number of construction and automotive projects in the Kingdom. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bosch-says-sales-rising-growth-economy

2016 brings spike in landmine deaths

The number of people killed in landmine incidents nearly doubled in the first half of the year, with 20 deaths compared to 11 for the same period in 2015, though injuries declined by almost half, from 55 to 29, according to the Cambodia Mine Action ...

Bun Sengkong and Donna M Airoldi
http://www.phnompenhpost.com/national/2016-brings-spike-landmine-deaths

US delegation urges gov’t to speed up reform

Cambodia must accelerate economic reform and develop a sense of “urgency” if it wishes to continue to attract American investment amid growing regional competition, the head of the US-ASEAN Business Council said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/us-delegation-urges-govt-speed-reform

Japanese capital flooding in to Cambodia

Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...

Hor Kimsay
http://www.phnompenhpost.com/business/japanese-capital-flooding-cambodia

Weekly check-in rejected by NGOs in Oddar Meanchey

An annual reporting requirement under the contentious Law on Associations and NGOs, or LANGO, is being intentionally misinterpreted by local police, according to a group of NGOs in Oddar Meanchey province. ...

Phak Seangly
http://www.phnompenhpost.com/national/weekly-check-rejected-ngos-oddar-meanchey

Nike aims for traction in Cambodia with first retail store

American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants. ...

Kali Kotoski
http://www.phnompenhpost.com/business/nike-aims-traction-cambodia-first-retail-store

China thanks Cambodia for efforts to water down ASEAN SCS statement

Hours before ASEAN foreign ministers released a long-negotiated, but ultimately watered down communiqué on the contentious South China Sea, China’s foreign minister singled out Cambodia for praise for holding out against a push for a stronger statement. ...

Ananth Baliga
http://www.phnompenhpost.com/national/china-thanks-cambodia-efforts-water-down-asean-scs-statement

Exercise fad sends sales of bicycles freewheeling

With a greater number of Cambodians devoting time and money to exercise, bicycles are shedding their lowly image as a cheap means of transportation and fast becoming a symbol of the wealthier, more health-conscious elite. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/exercise-fad-sends-sales-bicycles-freewheeling

Disney buys up carbon credits in Mondulkiri

The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead. ...

Phak Seangly and Kali Kotoski
http://www.phnompenhpost.com/national/disney-buys-carbon-credits-mondulkiri

UN rapporteur Rhona Smith defends approach

UN Special Rapporteur Rhona Smith has responded to growing concerns among the human rights community that she is not fulfilling her mandate. ...

Jack Davies
http://www.phnompenhpost.com/national/un-rapporteur-rhona-smith-defends-approach

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