News

Japan to relax visa requirements for Myanmar, Cambodia, Laos

Japan plans to relax visa requirements for Myanmar, Cambodia and Laos by the end of this year, as part of efforts to boost tourism to promote the country’s economic growth strategy, government sources said Wednesday. The government is considering allowing the issuance of “multiple-entry visas” for visitors ...

Kyodo​​ News Staff
http://english.kyodonews.jp/news/2013/09/247990.html?searchType=site&req_type=article&phrase=Cambodia

Mizuho bank links up with Maybank and Canadia

Japan-based Mizuho Bank (MHBK) has signed an agreement with two well-established banks in Cambodia that is designed to help Mizuho leverage a wider range of financial services when dealing with Japanese clients. The memorandum of understanding was inked on Friday in Phnom Penh between Mizuho’s president ...

May Kunmakara
http://www.phnompenhpost.com/business/mizuho-bank-links-maybank-and-canadia

Four More Named in Fertilizer Embezzlement Scandal

An official from Battambang province’s department of agriculture who was charged last Monday with embezzling $200,000 from the illegal sale of fertilizer donated to the poor by Japan has implicated four other officials in the case, including the son of senior CPP lawmaker Cheam Yeap, ...

Eang Mengleng
http://www.cambodiadaily.com/news/four-more-named-in-fertilizer-embezzlement-scandal-41913/

Cambodia-U.S. Bilateral Trade Increases

In the first seven months of this year, the bilateral trade between Cambodia and the U.S. has reached some US$1.7 billion, up by 3.5 percent if compared to the same period in the previous year, according to the U.S. Trade Department’s figures. ...

Neou
http://www.akp.gov.kh/?p=36117

Kubota enters Cambodia

Siam Kubota Corporation (SKC), a leading farm truck maker, has partnered with Group Lease to enter the agriculture machine market in Cambodia. Mitsuji Konoshita, chief executive of Group Lease, said the partnership with SKC is a bid to extend leasing service to Kubota’s clients in ...

Nuntawun Polkuamdee
http://www.bangkokpost.com/news/asia/368267/kubota-enters-cambodia

Local brands standing firm

Inside a shop in a restored building on the corner of Sothearos Boulevard and Street 266, nearly 10 Cambodians wearing the same uniform are walking around and cleaning tables. By the end of this year, Brown Coffee will have a total of eight branches in ...

Hor Kimsay
http://www.phnompenhpost.com/business/local-brands-standing-firm

Cambodian garment workers rally over jobs

Around 4000 Cambodian garment workers are protesting after a factory supplying global brands including Gap and H&M fired hundreds of their colleagues for striking over conditions. Union leaders said the Singapore-owned SL Garment Processing factory fired 720 workers on Wednesday while more than 5000 others were ...

MSN NZ News Staff
http://news.msn.co.nz/worldnews/8718648/cambodian-garment-workers-rally-over-jobs

Japanese Investor in Talks to Take Stake in TV3

Japan’s TriAsia Group is in talks to acquire a majority stake in local television station TV3 and plans to broadcast Japanese-language shows, the television channel’s owner confirmed Wednesday. According to TV3’s owner, Khampun Keomony, revenues at the channel have been dropping, which prompted him to look ...

Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/japanese-investor-in-talks-to-take-stake-in-tv3-41707/

New Project Aims to Help Small Businesses in Cambodia

A new project by the government and Japan’s aid agency seeks to assist small companies in Cam­bodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...

Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/new-project-aims-to-help-small-businesses-in-cambodia-41534/?utm_source=rss&utm_medium=rss&utm_campaign=new-project-aims-to-help-small-businesses-in-cambodia

Cambodian, Thai firms form business alliance

SBI Royal Securities, a subsidiary of Japanese-based SBI Holdings, has concluded a basic agreement to form a business and capital alliance with one of Thailand’s leading securities firms, in a move that could attract more investment from Cambodia’s northern neighbour. The agreement with Thailand’s Finansia Syrus ...

May Kunmakara
http://www.phnompenhpost.com/business/cambodian-thai-firms-form-business-alliance

Speaking in tongues: Young Cambodians learning foreign languages to improve economic opportunities

In the globalised world, being able to communicate in more than one language is becoming essential for many people seeking rewarding careers. Young Cambodians have taken this message to heart and are learning Cambodia is slowly moving up the development ladder but low-wage factory labour still ...

http://www.bangkokpost.com/business/news/365365/speaking-in-tongues

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/

Cambodia dispacthes 11,940 laborers abroad in first 6 months

Cambodia has sent about 11,940 laborers overseas in the first six months of this year, down 29 percent from 16,900 it sent over the same period last year, the figures of the Ministry of Labor showed Tuesday. In January to June period this year, the country ...

http://news.xinhuanet.com/english/world/2013-08/13/c_132627422.htm

Japanese, Cambodia trade is up 19 per cent

Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show. Cambodian exports to Japan were up 31 per cent in the first six ...

http://www.phnompenhpost.com/business/japanese-cambodia-trade-19-cent

Growth at risk from ‘turmoil’

Cambodia’s Minister of Commerce and long-time ruling party stalwart Cham Prasidh said yesterday that post-election demonstrations could prevent growth and even result in small-scale looting. “If they want to destroy the economy, they have to protest more and more in order to destroy,” he said. Speaking ...

http://www.phnompenhpost.com/business/growth-risk-%E2%80%98turmoil%E2%80%99

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

Cambodia organizes int'l industrial machinery, garment exhibition

The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...

http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm

Satellite system will save fuel and routes

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes

Koh Pich Awash With Development, but Don’t Ask for Details

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/

Malaysian motos to enter market

Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the ...

http://www.phnompenhpost.com/business/malaysian-motos-enter-market

Scooter connects to phone

Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...

http://www.phnompenhpost.com/business/scooter-connects-phone

Japanese Companies Host Employment Fair in Phnom Penh

Cambodian students, graduates and jobseekers filled the main hall of the Cambodia-Japan Cooperation Center on Tuesday looking for employment opportunities with some of Japan’s largest corporations. Organizers said the event aimed to bridge the gap between skilled Cambodian job seekers and companies from the world’s third ...

http://www.cambodiadaily.com/business/japanese-companies-host-employment-fair-in-phnom-penh-35242/

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