Industries

Cambodia expects double growth in rice exports this year: minister

Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-08/27/c_132667860.htm

Fruit Trucks Block Road In Customs Fee Protest

About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs of­ficials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...

Hul Reaksmey
http://www.cambodiadaily.com/business/fruit-trucks-block-road-in-customs-fee-protest-40925/

Union reps claim factory beatdown

Union representatives who claim they were beaten to within an inch of their lives yesterday after they handed out pro-union leaflets in Phnom Penh’s Por Sen Chey district have vowed to take legal action. The 10 union members, who represent four different unions – the Union ...

http://www.phnompenhpost.com/national/union-reps-claim-factory-beatdown

Cambodia investment scams rising

The National Consumer Affairs Center of Japan and related bodies are warning of a rise in fraudulent investment schemes involving real estate in Cambodia, where economic growth is boosting foreign investment. The center received 1,312 inquiries between October 2011 and early this month from consumers who ...

The Japan Staff News Staff
http://www.japantimes.co.jp/news/2013/08/27/national/cambodia-investment-scams-rising/#.Uh1Rq9KBmN8

After poll, confidence dips: study

Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business leaders working in the country. The survey, conducted by Indochina Research and seen by the Post this week, found that 98 ...

http://www.phnompenhpost.com/business/after-poll-confidence-dips-study

Still at Large, Chhouk Bundith Has Case Sent to Appeal Court

Although the Svay Rieng Provincial Court announced the ex-governor’s sentence in June and ordered his immediate arrest, he has remained elusive to the authorities. His lawyers filed an appeal in July to the Appeal Court challenging the provincial court’s verdict. Sun Bunnarith, Chhouk Bundith’s lawyer, claimed ...

Khy Sovuthy and Dene-Hern Chen
http://www.cambodiadaily.com/news/still-at-large-chhouk-bundith-has-case-sent-to-appeal-court-40914/

Cambodia's banking sector stable despite ongoing political row over poll results

Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/23/c_132657163.htm

Wife of Pailin Governor Reaps Benefits From Casino Deal

Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...

Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/

Cambodian, Chinese top diplomats pledge to advance ties

Cambodian and Chinese top diplomats on Wednesday pledged to maintain and further heighten bilateral ties and cooperation for the mutual benefits of the two countries and peoples. The pledge came after a bilateral talk between Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong and visiting ...

http://news.xinhuanet.com/english/china/2013-08/21/c_132650650.htm

Chinese Arrivals To Cambodia Continue To Grow

Cambodia’s Tourism Ministry said about 231,000 Chinese visited Cambodia in the first six months of the year, up 55 percent over the previous year. Cambodia received 334,000 Chinese visitors in 2012, up 35 percent year-on-year, Xinhua news agency quoted the ministry saying in a report. Kong Sopheareak, ...

http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=970883

Tour guides urged to give election OK

Several tour guide associations in Siem Reap received a prepared statement from the Provincial Department of Tourism asking them to sign and thumbprint a note of acceptance of the election results released by the National Election Committee on Monday. At least half a dozen of ...

http://www.phnompenhpost.com/national/tour-guides-urged-give-election-ok

Revenues Down at Pailin’s Dreamworld Casino

U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...

http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/

Gaming outfit reports loss

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

http://www.phnompenhpost.com/business/gaming-outfit-reports-loss

Cambodia, Vietnam seen boosting medical tourism offerings

Cambodia and Vietnam are enhancing their medical tourism offerings, the International Medical Tourism Journal reported Friday. “In medical tourism, Southeast Asia is a key and fast advancing market. Cambodia and Vietnam now want a share of the action that Singapore, Thailand and Malaysia have,” the journal ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjgwOGQwMjBkMzA

Thousands expected to visit Kep sea festival

At least 20,000 tourists and travellers will participate in the so-called “sea festival” at the end of this year, officials at the Kep province tourism department said. The two-day event, which started in 2011 as a tourism booster for the country’s coasts and beaches, was cancelled ...

http://www.phnompenhpost.com/business/thousands-expected-visit-kep-sea-festival

Inspections over tainted milk start in markets

Government officials began inspecting markets across the country yesterday in search of baby formula containing an ingredient from New Zealand dairy giant Fonterra that could cause botulism, quality control representatives at the Ministry of Commerce said. “We informed all our officials directly to collect nationwide some ...

http://www.phnompenhpost.com/business/inspections-over-tainted-milk-start-markets

Health Ministry to Probe Suspect Baby Formula

The Ministry of Health will investigate a baby milk formula sold in Cambodia that has been recalled over a risk it contains bacteria that causes botulism, an official said Tuesday. New Zealand dairy company Fonterra has advised eight companies that bought a whey protein concentrate produced ...

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Credit at Cambodia's banks grows by 5.4 pct in first half

Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...

http://news.xinhuanet.com/english/business/2013-08/05/c_132603705.htm

Rainsy Says Those Behind Boeng Kak Deserve Jail

Opposition leader Sam Rainsy on Monday vowed to return Phnom Penh’s beleaguered Boeng Kak neighborhood to its residents and to have those who filled the lake with sand thrown in jail, should the opposition CNRP ultimately prevail in contesting the unofficial results of last month’s ...

http://www.cambodiadaily.com/elections/rainsy-says-those-behind-boeng-kak-deserve-jail-38399/

Baby milk recalled in Cambodia

Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...

http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia

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