News

Business a priority: Hun Many

Ruling Cambodian People’s Party (CPP) lawmaker Hun Many reassured investors yesterday, saying the government was focusing on ensuring a good investment climate in the country underpinned by social stability. ...

May Kunmakara
http://www.khmertimeskh.com/5087901/business-priority-hun-many/

Building exhibition scheduled for Sept

The third edition of CAMBUILD, one of the country’s biggest international building and construction conferences, is scheduled for September 10-12 on Koh Pich. Three hundred participants are expected to exhibit at the event. ...

http://www.phnompenhpost.com/business/building-exhibition-scheduled-sept

Some 1,368 new firms registered in Cambodia in H1, down 19%

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...

http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm

Forte set to insure travellers on the net

Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...

http://www.phnompenhpost.com/2013030761798/Business/forte-set-to-insure-travellers-on-the-net.html

Rights Group Denounces Gag Order on Lawyers Before Election

New York-based advocacy group Human Rights Watch (HRW) has accused the Cambodian Bar Association of trying to silence potential government critics ahead of July’s national elections by imposing restrictions on lawyers making public statements. The Bar Association and the Information Ministry have both issued edicts that ...

http://www.cambodiadaily.com

India to supply HR development assistance

Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...

http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html

Pirated computer software cost Cambodia $50m

Pirated computer software accounted for about $50 million in losses to the Cambodian economy every year, an industry expert said yesterday. According to Pily Wong, president of the ICT Business Association, about 95 per cent of the computer software used in Cambodia is counterfeit, crippling the ...

http://www.phnompenhpost.com/2013020161114/Business/pirated-computer-software-cost-cambodia-50-million.html

Aeon starts building Cambodia mall

Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...

http://www.japantimes.co.jp/text/nb20121211a1.html

Norwegian firm sues Mfone over $3.7m debt

A lawyer for Norwegian-owned power and electronics equipment firm Eltek Valere yesterday called on investors not to buy stakes in the Thai-owned mobile phone operator Mfone, and to await court’s ruling. The lawyer’s appeal came after the Phnom Penh Municipal Court issued a warrant for keeping ...

http://www.phnompenhpost.com/index.php/2012103059457/Business/norwegian-firm-sues-mfone-over-37m-debt.html

Board Passes Nearly $850M in Investments

The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...

Factory Suspends Operations After Complaints Over Fumes

British American Tobacco (Cambodia) Co. (BAT), which produces the cigarette brand ARA, suspended operations at its re-drying plant in Kandal province’s Takhmao commune yesterday, in order to allow time to redesign its air filtration system following repeated complaints about fumes that were allegedly spewing from ...

Sinking feeling on river's edge

About 50 villagers in Kandal province protested yesterday in an attempt to halt the activities of a Vietnamese sand-dredging company, which they said has caused a huge swath of their land to slide into the Mekong River. Residents of Kien Svay district’s Koh Prak village said ...

http://www.phnompenhpost.com/index.php/2012082758300/National-news/villagers-allege-dredging-caused-landslide.html

Japan Helps Cambodia Despite Difficulties

Japan on August 15th loaned Cambodia a package of US$ 53.3 million for the West Tonle Sap Irrigation and Drainage Improvement and a grant aid of US$ 0.7 million to improve education equipment of the Department of Geo-Resources and Geotechnical Engineering of the Institute of ...

http://thesoutheastasiaweekly.com/

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