News

New shipping route

Wan Hai Ship Line Ltd., a Taiwan-based container shipping company, will add Sihanoukville Port to its shipping route next month. ...

Chea Vannak
http://www.khmertimeskh.com/5080731/new-shipping-route/

Fee protection plea for Hong Kong workers

Spokesmen for the Cambodian and Hong Kong governments are urging agencies not to charge excessive fees to Cambodian domestic helpers wanting to work in Hong Kong and offered reassurance that their rights would be protected. ...

Mom Kunthear
http://www.khmertimeskh.com/5077731/fee-protection-plea-hong-kong-workers/

Agencies to send maids to Hong Kong

The Cambodian government has selected six agencies to facilitate sending domestic workers to Hong Kong – with one saying they will begin sending maids by the end of the year – though rights groups yesterday warned of potential exploitation and abuses. ...

Yon Sineat and Leonie Kijewski
http://www.phnompenhpost.com/national/agencies-send-maids-hong-kong

GDT officials work on tax treaty with Hong Kong

Cambodian tax officials met with their counterparts in Hong Kong last week as part of the first round of discussions for drafting a double taxation agreement (DTA) aimed at preventing dual taxation and fiscal evasion, the General Department of Taxation (GDT) said yesterday in a ...

Hor Kimsay
http://www.phnompenhpost.com/business/gdt-officials-work-tax-treaty-hong-kong

Bird’s nest producers eye China market

Edible bird’s nest producers have called on the Ministry of Commerce (MoC) to facilitate the industry’s access to the Chinese market. Nang Sothy, president of the Cambodia Bird’s Nest Federation, said yesterday that the association had requested the MoC to include the delicacy on the list ...

Chan Muyhong
http://phnompenhpost.com/business/bird%E2%80%99s-nest-producers-eye-china-market

Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Chinese continue to flock as region suffers

Cambodia’s tourism industry has benefited from the unrest that has hit much of the region, with Chinese tourists diverting their routes from problematic areas such as Thailand to the country, according to a report released Thursday by the Sydney-based Center for Asia Pacific Aviation (CAPA). Chinese ...

George Styllis and Cherie Chan
http://www.cambodiadaily.com/business/chinese-continue-to-flock-as-region-suffers-64963/

Slow start for GTI as public firm

Grand Twins International (GTI) ended trading yesterday with a slight decline. The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening. ...

Eddie Morton
http://www.phnompenhpost.com/business/slow-start-gti-public-firm

Trafficker gets 10 years

The manager of Giant Ocean International, a now-defunct recruitment firm notorious for abuse scandals, was sentenced yesterday to 10 years in jail for trafficking hundreds of Cambodian fishermen to work in slave-like conditions overseas. Taiwanese national Lin Yu-shin, who ran the firm, was arrested in May ...

Buth Reaksmey Kongkea and Laignee Barron
http://www.phnompenhpost.com/national/trafficker-gets-10-years

Hong Kong's KeyBridge acquires 65 pct shares of Cambodian telecom firm

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-04/09/c_133249446.htm

Downtown residences for lease

Less than a year after all refurbishments were completed on Hongkong Land’s Central Mansions – formerly Colonial Mansions – the classic residential units in the heart of Phnom Penh’s burgeoning financial, government and office-rental district are enjoying occupancy rates of close to 100 per cent, ...

Post Staff
http://www.phnompenhpost.com/real-estate/downtown-residences-lease

Koh Russey, a jewel by the sea

After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...

Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea

ANZ keen to exit Cambodia bank stake

Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to ...

The Business Times News Staff
http://www.businesstimes.com.sg/breaking-news/asia/anz-keen-exit-cambodia-bank-stake-20140325

The protester clause

A majority government-owned life insurance company has stopped paying out benefits to policy holders who die while taking part in protests and demonstrations, the company confirmed yesterday. The Cambodian Life Insurance Company – 51 per cent owned by the Ministry of Economy and Finance and 49 ...

Meas Sokchea
http://www.phnompenhpost.com/national/protester-clause

New research facility for infectious diseases in Asia unveiled in Cambodia

France’s Institut Pasteur du Cambodge on Tuesday inaugurated a new facility here for a regional research platform in Asia, focusing its research on infectious diseases in the region. Cambodian Health Minister Mam Bunheng, Vincent Deubel, director of the Institut Pasteur du Cambodge, and French Nobel Prize ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2014-03/11/c_133177317.htm

Hong Kong's Pacnet expands to Cambodia, Laos and Myanmar

Hong Kong technology company Pacnet says it’s expanding its virtual private network (VPN) services to Cambodia, Laos and Myanmar. In a statement released Wednesday, the company said the expansion involved global internet protocol VPN services based on multi-protocol label switching (MPLS). ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTg3YWUwNmRhYWJ

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