News

Australia wants to resettle refugees on remote island, Cambodian opposition leader says

Australia has considered sending up to 1000 refugees to live on a remote island off the coast of impoverished Cambodia under a controversial resettlement agreement,, according to an opposition leader in Phnom Penh. Australian officials have visited several sites to accommodate the refugees now on Nauru, ...

Lindsay Murdoch
http://www.smh.com.au/federal-politics/political-news/australia-wants-to-resettle-refugees-on-remote-island-cambodian-opposition-leader-says-20140823-107itl.html

Health and women’s affairs get $64M grant

The German ambassador, Joachim Baron von Marschall, signed an agreement with the permanent Deputy Prime Minister Keat Chhon yesterday for €47 million ($64 million) in aid. The grant will be used for developing projects within the ministries of health, rural development and women’s affairs. ...

Hor Kimsay
http://www.phnompenhpost.com/business/health-and-women%E2%80%99s-affairs-get-64m-grant

OIC delegation visits Cambodia

A delegation from the Organization of Islamic Cooperation (OIC) recently visited Cambodia to participate in an international conference organized by the Council for Development of Cambodia under the slogan “Islamic Education and Economic Development in Cambodia” in the capital Phnom Penh. Located in the southern portion ...

Arab News Staff
http://www.arabnews.com/news/604706

Taiwan gets green light to open trade center in Cambodia

The nation has received approval from the Cambodian government to open a trade center in Phnom Penh, the semi-official Taiwan External Trade Development Council (TAITRA) said. The center, which is expected to be officially opened next month at the earliest, will raise the number of the ...

Taipei Times News Staff
http://www.taipeitimes.com/News/taiwan/archives/2014/07/17/2003595311

Firm’s Split From Boeng Kak Project Confirmed

The Chinese firm that was financially backing an ambitious project to develop Phnom Penh’s Boeng Kak neighborhood has pulled out, Chinese Embassy and company officials have confirmed, and no other investor appears to have taken its place. That makes the Erdos Hongjun Investment Corporation at least ...

Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/firms-split-from-boeng-kak-project-confirmed-64318/

Commerce minister, US Ambassador swap praise after trade trip

U.S. Ambassador William Todd and Commerce Minister Sun Chanthol praised each other for their dedication to the development of the Cambodian economy at a press conference in Phnom Penh on Monday, following a joint trade mission last month to the U.S. Mr. Todd and Mr. Chanthol, ...

Alex Willemyns
http://www.cambodiadaily.com/news/commerce-minister-us-ambassador-swap-praise-after-trade-trip-63458/

Report sees increasing foreign investment in industrial sector

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector

Friends in high places

A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...

Daniel Pye and May Titthara
http://www.phnompenhpost.com/national/friends-high-places

Cambodia’s telecom agency firm on fees

Cambodia’s telecommunications ministry yesterday defended intervening in the market by fixing minimum prices for mobile phone calls, rationalising the base charges as necessary to stem the loss of tax revenue and avert a monopolised industry. The floor price was introduced in 2009 to prevent the demise ...

Chan Muy Hong and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-telecom-agency-firm-fees

Poor Education Could Cripple Business Growth

Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-listed-as-nsa-collection-point-48188/

Investment law change-up

Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...

Hor Kimsay
http://www.phnompenhpost.com/business/investment-law-change

PPSEZ signs MoU with Tokyo bank

Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...

May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank

Snake Island plans back to the drawing board

A development company with a government concession for a high-end property project on the island of Koh Pos, also known as Snake Island, has announced that it will significantly alter its original plans for the project. The new plan, which must first be submitted for ...

Siv Meng
http://www.phnompenhpost.com/real-estate/snake-island-plans-back-drawing-board

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