Economy and commerce
Business employers say corruption greatest threat to economy
Corruption remains the most significant challenge facing Cambodia’s economy, according to a survey of more than 300 employers conducted last year by the International Labor Organization (ILO), the results of which were released Tuesday. Despite legislation meant to stamp out graft, corruption continues to be perceived ...
Colin Meyn
http://www.cambodiadaily.com/news/business-employers-say-corruption-greatest-threat-to-economy-53963/
Family’s world shrinks daily
Dozens of trucks, bulldozers and excavators have pushed Var Sokhoeurn to the edge of his remaining land at the Lower Sesan II dam site in Stung Treng province’s Srepok district. When Post reporters visited Sokhoeurn’s family last month, much of his land, where he grew cassava and other ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/family%E2%80%99s-world-shrinks-daily
DVD shops close before raid
A handful of stores in Phnom Penh’s City Mall closed up shop yesterday morning, draping large curtains over their storefronts rather than face an impending police raid on businesses allegedly selling pirated movies there, police and other vendors said. The aborted raid came less than two ...
Sen David and Stuart White
http://www.phnompenhpost.com/national/dvd-shops-close-raid
Cambodia garment sector has Asia's highest rate of unionization
Cambodia’s garment sector has the highest rate of unionization of any industry in Asia, Cambodia Federation of Employers and Business Associations Van Sou Leng said Tuesday. “Major efforts are needed to improve the quality of workplace relations,” Van said in a statement posted on the Camfeba ...
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDA0NmM5MWU5YjN
Firm begins process to determine IPO share price
Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/
Taiwan's bike makers shrug off challenge from Cambodia
Giant Bicycles founder and chairman King Liu said on March 5 that Taiwan’s bicycle manufacturers are still competitive, despite the challenge from Cambodian competitors becoming stronger due to the country’s favorable tax policy. Bicycles exports from Taiwan were down 11.49% year-on-year in 2013, while exports ...
Want China Times News Staff
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140311000004&cid=1206
A refined approach?
Hundreds of trucks hauling sugarcane queue up along the dusty roads that cut a path through a plantation in Kampong Speu province. Their destination: Cambodia’s most advanced sugar refinery. Its owners say the landmark project, run by the Phnom Penh Sugar Company and its president, ruling ...
Daniel de Carteret
http://www.phnompenhpost.com/national/refined-approach
Pestech bags RM282m contract in Cambodia
Integrated electric power technology provider Pestech International Bhd has bagged a contract worth US$86.065 million (RM282 million), to construct a 198km transmission line for the transmission of power from existing and future power plants in the Sihanoukville area to Phnom Penh City, Cambodia. Pestech’s wholly-owned Cambodian ...
The Sun Daily News Staff
http://www.thesundaily.my/news/981297
Dreamworld operator sees revenue drop
Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...
Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/
ILO, Camfeba outline ways to improve investment climate
The International Labor Organization said it would launch on Wednesday two reports outlining ways to improve the investment climate in Cambodia. The first report, by the ILO, analyses Cambodia’s performance in 17 areas and contains a national survey of workers and employers. Key areas include ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzJiMjE2YzkzYTA
MTZ to supply $5.3m worth of tractor knock-down kits to Cambodia
Minsk Tractor Works (MTZ trademark) has signed a contract on the delivery of tractor knock-down kits worth $5,359.4 billion to Cambodia in 2014, BelTA learnt from the company. The construction of the assembly plant, Belarus Mekong, has been completed. The opening ceremony is slated for 26-28 ...
BelTA News Staff
http://news.belta.by/en/news/econom?id=742143
Briq enters the Cambodia market
Creative agency Briq has expanded to Cambodia, its second office globally after first launching in Singapore four years ago. Briq International Cambodia will offer marketing and communication solutions – creative, production, digital services, strategic planning and research, content development, public relations, media and activation. ...
Marketing Interactive News Staff
http://www.marketing-interactive.com/briq-enters-cambodia-market/
Lower Mekong fish production estimated to be worth up to $7 bln a year
Production from freshwater capture fisheries and aquaculture in the Lower Mekong Basin is estimated to be worth up to $7 billion a year, the Mekong River Commission says. The newsletter said total first-sale value was estimated at $3.9 to $7.0 billion per year. “Over the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODc4MWI3YWIwNDF#sthash.cv2zcyPP.Aswun6lj.dpuf
Families in Boeng Kak asked to give up land for titles
Families still waiting for promised land titles in Phnom Penh’s Boeng Kak neighborhood said Sunday that the municipal government is offering to give them their long-awaited tenure rights only if they agree to give up part of their land. About 100 Boeng Kak families were left ...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/families-in-boeng-kak-asked-to-give-up-land-for-titles-53749/
Cambodia Rice Federation (CRF) Launched to Help Nation Reach Annual Rice Export Target of One Million Tons by 2015
Cambodia officially announced the creation of the Cambodia Rice Federation (CRF) to improve competitiveness, promote trade, and increase investment in the rice sector, according to comments from the Prime Minister. Board elections are expected to take place Mrch 24 and the chairman is limited to ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-rice-federation-crf-launched-help-nation-reach-annual-rice-export-target-one
WWF unveils bid to help Mondulkiri forests
In the latest bid to protect Mondulkiri’s ravaged forests, World Wildlife Fund is rolling out a new project designed to give locals financial incentives to help preserve Mondulkiri Protected Forest and Phnom Prich Wildlife Sanctuary. Cultivating small-scale, community-run businesses such as resin tree tapping and beekeeping ...
Amelia Woodside
http://www.phnompenhpost.com/national/wwf-unveils-bid-help-mondulkiri-forests
Cambodia envoy lauds Clark airport growth
Cambodia Ambassador Tuot Panha said the viability of Clark International Airport will make it one of the progressive international gateways in the Philippines. The ambassador said she would like to see flights between Clark and Phnom Penh or Clark and Siem Reap, now one of the ...
Sun Star News Staff
http://www.sunstar.com.ph/pampanga/local-news/2014/03/09/cambodia-envoy-lauds-clark-airport-growth-332246
Royal Group denies report that Cellcard seeks investor
Royal Group executives, owners of Cambodia’s leading mobile phone operator Cellcard, vigorously denied the veracity of a London-based media report on Friday that claimed the phone company is looking for investors and wants to sell off its telecommunications towers because it is unable to raise ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-denies-report-that-cellcard-seeks-investor-53741/
Cambodia and EU meet next week in Brussels
Ouch Borith, Secretary of State of Ministry of Foreign Affairs and International Cooperation of Cambodia, and Ugo Astuto, director of South and Southeast Asia of the European Union, will co-chair the 8th meeting of Cambodia-EU Joint Committee to strengthen relations and cooperation between Cambodia and ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjJlNTNjMzI1MzZ
Registration of SMEs given to new Handicrafts Ministry
Prime Minister Hun Sen on Tuesday provided an indication of the role that will be played by the new Ministry of Industry and Handicrafts, which was created late last year, announcing it will hold the sole responsibility for registering small and medium enterprises (SMEs). The government ...
Hul Reaksmey and Alex Devine
http://www.cambodiadaily.com/news/registration-of-smes-given-to-new-handicrafts-ministry-53683/
New local distributor for Jaguar, Land Rover
RMA Cambodia confirmed yesterday it had taken over from rival firm Envotech as the Kingdom’s only authorised dealer of Land Rover and Jaguar vehicles. Envotech will have held the authorised dealer rights for two years when it closes its Phnom Penh dealership on March 26. RMA, whic ...
Hor Kimsay
http://www.phnompenhpost.com/business/new-local-distributor-jaguar-land-rover
Thmey Thmey to hit airwaves, be published in Japanese, French
Thmey Thmey online news and Women’s Radio FM 102 on Thursday announced a partnership that will see journalists from both outlets join forces to create evening news bulletins to be broadcast daily starting Saturday. “Our concept is independent Cambodian news, by Cambodians, for Cambodians, and 102 ...
Matt Blomberg and Ben Sokhean
http://www.cambodiadaily.com/news/thmey-thmey-to-hit-airwaves-be-published-in-japanese-french-53685/
Union reps must prove clean criminal records
The government now requires union leaders to prove that they have no criminal record before registering new branches of their organization, according to a statement from the Ministry of Labor, a decision that comes less than a week before planned nationwide strikes in the garment ...
Khy Sovuthy and Colin Meyn
http://www.cambodiadaily.com/news/union-reps-must-prove-clean-criminal-records-53668/
Open skies policy examined
Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...
Eddie Morton
http://www.phnompenhpost.com/business/open-skies-policy-examined