News

Malaysia's Dataprep considers presence in Cambodia

Malaysian information technology service provider Dataprep Holdings Bhd is considering establishing a presence in Cambodia, the Malaysian Reserve reported Monday. “We are currently looking at increasing our presence in Indochina, ASEAN and China,” chief executive Ahmad Rizan Ibrahim was quoted as telling reporters Friday. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjViNjdmMjg5ZTc

Car Maker Mazda Opens in Cambodia

Japanese automaker Mazda opened its first showroom in Cambodia on Wednesday, making it the third foreign car company to move into the country since the beginning of the year. “Mazda starts selling in Cambodia from today,” said Chanthan Ngon, general manager of HGB Auto, the company’s ...

http://www.cambodiadaily.com/business/car-maker-mazda-opens-in-cambodia-39630/

PAL sets new closing date for investment in Cambodia Airlines

The deal between national flag carrier Philippine Airlines (PAL) and Royal Group of Cambodia (RCG) to form Cambodia Airlines Co.  Ltd. is set to be completed within the next two months. This was according to Ma. Cecilia Pesayco, assistant corporate secretary of PAL’s parent firm PAL ...

http://www.gmanetwork.com/news/story/321652/economy/business/pal-sets-new-closing-date-for-investment-in-cambodia-airlines

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

Hyundai’s Cambodia plans

After two years of assembling Hyundai vehicles in Cambodia for the domestic market, South Korea-based Hyundai Motor Company is increasing its production to meet rising demand, aiming to reach 800 units in 2013, a company’s representative said. Located in the Koh Kong Special Economic Zone, ...

http://www.phnompenhpost.com/business/hyundai%E2%80%99s-cambodia-plans

Global hotel group sees profits rise 20 per cent

Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region. According to a statement ...

http://www.phnompenhpost.com/business/global-hotel-group-sees-profits-rise-20-cent

Cambodia’s Hun Sen Slams U.S. Threats Over Aid

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-293500/

First Park Hyatt in Southeast Asia opens in Siem Reap

Hyatt Hotels Corp has announced the opening of the first Park Hyatt in Southeast Asia in Siem Reap. The announcement Wednesday said the reopening of the former Hotel De La Paix in downtown Siem Reap followed a 14-month renovation by award-winning interior designer Bill Bensley. “We are ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTJhYWQ3Mzc1NjI

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

Toyota to Open Second Phnom Penh Outlet

Japanese automobile giant Toyota is set to increase its presence in Cambodia with a second sales showroom, according to a company manager. The move follows fellow Japanese automaker Mazda, which opened a new showroom in May. According to a report from newswire Bloomberg, Toyota executive vice president ...

http://www.cambodiadaily.com/business/toyota-to-open-second-phnom-penh-outlet-33328/

Sihanoukville to be the site of first marina

Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah Sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ...

http://www.phnompenhpost.com/2013070366628/Business/sihanoukville-to-be-the-site-of-first-marina.html

Cambodia wants better ties with Pakistan in economics, trade, tourism: PM

Cambodian Prime Minister Hun Sen on Monday expressed his desire to see better relations with Pakistan, particularly in economics, trade and tourism. He said the two countries signed an agreement on the investment protection and promotion in April 2004 during the visit of former Prime ...

http://news.xinhuanet.com/english/world/2013-07/01/c_132501129.htm

Japanese Mizuho Bank to Open Representative Office

One of Japan’s largest banks will open a representative office in July due to burgeoning interest in Cambodia most likely by Japanese investors, a bank official said yesterday. Mizuho Financial Group will open a small office in Phnom Penh Tower on Monivong Boulevard on July 8, ...

http://www.cambodiadaily.com

Cambodia: A rising star with a falling reputation?

Cambodia’s reputation as a standard-bearer for apparel workers’ rights is wearing thin – and yet the country is a rising star when it comes to attracting foreign investment and increasing exports. There are many reasons to deter brands and retailers from sourcing clothing in Cambodia. The Kingdom ...

http://www.just-style.com/analysis/a-rising-star-with-a-falling-reputation_id117944.aspx

Regional pharma producers eye Kingdom

International pharmaceutical companies are increasingly looking to sell their products to Cambodia, although the market is full of obstacles, according to experts. After several big international players announced sales expansion plans, two companies from Indonesia, a major manufacturing hub in Southeast Asia, are planning to follow. Kalbe ...

http://www.phnompenhpost.com/2013052465819/Business/regional-pharma-producers-eye-kingdom.html

French Ambassador vows to strengthen further relations with Cambodia

Serge Mostura, French Ambassador to Cambodia, said he wanted to boost economic diplomacy between Cambodia and France. Citizens of France visits Cambodia only as tourists or for study, but none have placed investments in the country, so he vows to attract small and medium sized ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NDcxZTc4YzQ5YTR

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