The Phnom Penh Post
BDO expands Cambodia operations
The former country partner and staff of Grant Thornton Law and Associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. As a result, BDO Cambodia’s team will now comprise over 30 staff and partners, a ...
http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html
Overloaded vehicles at issue
Overloaded vehicles are contributing to a more rapid than anticipated deterioration of Cambodia’s road network, experts said yesterday. “The cost of overloading causes problems to everyone involved, but it is easy to control damage if we have good system in place. This is the only ...
http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html
1,000 hectare land grab alleged
Villagers in Preah Sihanouk province have accused a businessman of bulldozing almost 1,000 hectares of their farm land in complaints filed to relevant authorities and the provincial court last week. Pin Lean Hun, a village representative, said yesterday rice paddies, vegetable patches and jackfruit trees ...
‘Downgrade’ of railway homes
Compensation for Phnom Penh villagers set to be displaced by railway reconstruction may be insufficient due to a “systematic downgrade” of the value of their homes by the government, a report released yesterday said. The report, issued by the NGO Sahmakum Teang Tnaut, said the ...
http://www.phnompenhpost.com/index.php/2011070550186/National-news/downgrade-of-railway-homes.html
BDO expands Cambodia operations
The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html
Overloaded vehicles at issue
Overloaded vehicles are contributing to a more rapid than anticipated deterioriation of Cambodia’s road network, experts said yesterday The ADB has funded an axle-load control programme as part of a US$1 million technical package to support government rehabilitation of about 150 kilometers of the Kingdom’s roads. ...
http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html
GMAC head sets clothing export goal
Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia [GMAC] President Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders as the global economy recovered, he said. ...
Documents revealed in massive fraud case
The documents concern a court case brought by representatives of Hong Kong-based Enviro Group Holdings Limited who are suing John Davies and Lim Lian Tho – both former company directors of Phnom Penh based subsidiary Enviro Corporation (Cambodia) Ltd – and Mark McCluskey, a lawyer ...
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, ...
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
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 ...
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
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 ...
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 ...
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 ...
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 ...