News

Local goods replacing imports

The value of imports from neighboring Thailand has decreased by almost $500,000 in the first seven months of this year, a possible sign of health of Cambodia’s domestic production capabilities. According to figures released by the Thai embassy, the value of imports dropped by 16 percent ...

Chea Vannak
http://www.khmertimeskh.com/news/29638/local-goods-replacing-imports/

Rice crackers bound for China

Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ...

Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/

ACU guidelines short on details

Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...

Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details

Hun Sen says business breeds bribes

Prime Minister Hun Sen yesterday defended his government, saying its reputation for corruption is undeserved, laying blame on the private sector for initiating the bribe process and calling out international development partners for applying double standards. Speaking at the Eighth Regional Conference of Anti-Corruption Intiative for ...

Chan Muyhong
http://phnompenhpost.com/business/hun-sen-says-business-breeds-bribes

‘SMEs have role’ in graft fight

Small- and medium-sized enterprises (SMEs) need to intensify self-regulatory efforts against corrupt practices to help foster a stronger business environment, NGO Transparency International (TI) Cambodia said yesterday. At a seminar in Phnom Penh, TI Cambodia executive director Preap Kol told business representatives that while government corruption ...

Chan Muyhong
http://www.phnompenhpost.com/business/%E2%80%98smes-have-role%E2%80%99-graft-fight

As oknha ranks grow, honorific loses meaning

Initially a status reserved for a privileged few, the number of businesspeople bearing the honorific “oknha” has ballooned from an estimated 20 individuals in 2004 to some 200 in 2008 and more than 700 today. Traditionally a title of nobility bestowed by the king to honor ...

Sek Odom and Simon Henderson
http://www.cambodiadaily.com/news/as-oknha-ranks-grow-honorific-loses-meaning-62057/

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