News
Vietnamese firms eye overseas investment
Vietnamese enterprises are increasingly investing overseas, especially in Myanmar, Laos and Cambodia, it has been announced. Elsewhere in the region, the Viet Nam Rubber Group has invested in growing rubber plantations in Laos and Cambodia since 2007 and aims to own 100,000 hectares by ...
http://vietnamnews.vn/economy/237176/vietnamese-firms-eye-overseas-investment.html
Laos, Cambodia eye a single-visa policy
Laos is considering a single-visa scheme with its neighbours Thailand and Cambodia to promote balanced development in the subregion, officials said. The Lao government will hold talks with Cambodia, possibly at the end of this month, to learn from Phnom Penh’s experience in this matter, a ...
http://www.phnompenhpost.com/2013032264622/Business/laos-cambodia-eye-a-single-visa-policy.html
Myanmar’s siren song
Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...
http://www.phnompenhpost.com/2013031861998/National/myanmar-s-siren-song.html
Luxury Motor Show takes on Used Car Market
At Cambodia’s first ever international motor show over the weekend, top-end car manufactures including Mercedez-Benz, BMW and Ford presented their luxury range of SUV’s, sedans pickup trucks and motorbikes. Vehicle imports to Cambodia, which include cars, trucks and motorcycles, more than doubled to 1.9 million ...
Agreement reached on Thai trade
After years of discussion, the Cambodian and Thai governments on Tuesday agreed at the Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS) summit in Laos to establish a Cambodian-Thai Business Council in a bid to enhance trade and investment between the ASEAN neighbours after a decline in ...
http://www.phnompenhpost.com/2013031561964/Business/agreement-reached-on-thai-trade.html
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Rosewood trade must stop: PM
Prime Minister Hun Sen has called on Thailand, Vietnam, Myanmar and Laos to help curb the illegal trade in rosewood after Cambodia’s bloodiest year yet for logging-related border shootings. Speaking to reporters at Phnom Penh International Airport after the premier returned from a two-day meeting ...
http://www.phnompenhpost.com/2013031461944/National/rosewood-trade-must-stop-pm.html
Indirect trade with India unhealthy
CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...
http://www.phnompenhpost.com/2013031461933/Business/indirect-trade-with-india-unhealthy.html
Thailand, Cambodia mull joint business, trade body
Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...
http://www.pattayamail.com/news/thailand-cambodia-mull-joint-business-trade-body-23289
World's largest freshwater fish threatened
The 16th Conference of Parties of the Convention on International Trade in Endangered Species (Cites) has brought thousands of delegates from over 150 countries to Bangkok to discuss cross-border cooperation, sustainable use of biodiversity and transnational endangered species issues. Construction has already begun on the ...
http://www.bangkokpost.com/opinion/opinion/340170/mekong-dams-threaten-world-largest-freshwater-fish
ASEAN countries agree to greater economic cooperation
Senior representatives for Cambodia, Laos, Myanmar, Vietnam and ASEAN met here Tuesday and issued a joint statement highlighting their agreement to forge stronger mutual investment, trade, transport and scientific cooperation links. The joint statement was released at the conclusion of the 6th annual Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit, ...
http://news.xinhuanet.com/english/business/2013-03/12/c_132228469.htm
The drugs don’t work: Despite the best efforts of the authorities, producers of fake medicines are making a killing in Cambodia
“Counterfeit medicine kills, while real medicine heals.” This was the simple but apt message selected just over a year ago for a poster campaign in Cambodia that aimed to raise awareness of the risks of counterfeit medications, as part of a government crackdown on the ...
Room for compromise in wage debate: official
The Garment Manufacturers Association in Cambodia and unions both need to compromise further to secure a “proper wage” for garment workers whose lives are hampered by their current $61 minimum wage, a Ministry of Social Affairs official overseeing wage negotiations said yesterday. “The government needs the ...
http://www.phnompenhpost.com/2013030661779/National/room-for-compromise-in-wage-debate-official.html
CNRP Proposes Minimum Wage Law for Garment, State Workers
The Cambodian National Rescue Party (CNRP) has submitted a new law to the National Assembly for consideration that would institute a minimum monthly wage of $150 for garment workers and $250 for civil servants, the newly formed opposition party announced at a press conference yesterday. The ...
Mekong nations urged to protect migrant workers
The Mekong Migration Network yesterday ended a three-day symposium by urging countries in the Mekong basin to provide migrant workers with sufficient legal protections and to improve their working and living conditions. The network brought together 72 representatives of governments, academic institutions, INGOs, NGOs and migrant ...
http://www.nationmultimedia.com/aec/Mekong-nations-urged-to-protect-migrant-workers-30200972.html
Fracking a problem for SE Asia
Impoverished countries hoping to strike it rich by developing their limited oil and gas reserves are being urged to move quickly or risk having their expectations clipped by fracking, which is depressing market prices while adding life to fields once thought exhausted. The ...
http://www.phnompenhpost.com/2013022561573/Business/fracking-a-problem-for-se-asia.html
Investment options for Cambodian telcos
With Myanmar’s telecom industry showing signs of gradually opening, operators in Cambodia’s overcrowded telecom market see opportunities for potential investment. But in stride with the market’s latent potential come challenges, industry experts say, and lessons learned locally need to be applied overseas. “Myanmar remains one of the ...
http://www.phnompenhpost.com/2013022061463/Business/investment-options-for-cambodian-telcos.html
Cambodia Sees Massive Foreign Investment Growth in 2012
Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...
Plantation manager aims to be top oud oil producer
Asia Forestry Management, an integrated plantation-management company with a focus on cultivating Aquilaria crassna, aims to become Thailand’s biggest producer of oud oil this year and Southeast Asia’s in five years. The company’s plant in Trat province will be expanded to produce 280 kilograms of ...
News Analysis: Cambodia Viewed As "Best" Investment Venue For Thais
Cambodia is considered “the most promising country” in the ASEAN community where Thai business entrepreneurs could set up trade and investment projects, according to a noted Thai academic and economist. Roongrote Benjamasuthin, director of the University of Thai Chamber of Commerce’s ASEAN Business & Economic Center, ...
http://news.xinhuanet.com/english/indepth/2013-02/09/c_132162078.htm
Cheap gas for Cambodians rationed
Heavily subsidized prices for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) in Thailand draw dozens of cars daily from Cambodia to refill their tanks in this Thai border town. But complaints that too many Cambodians are getting a free ride, or rather a ...
Japanese delegation seeks business options
Some 140 Japanese investors arrived in Cambodia yesterday to meet with local government leaders and other stakeholders in an effort to boost economic cooperation between the two countries. According to the Japanese Embassy in Cambodia, the delegation arrived in the country yesterday afternoon, following a visit ...
http://www.phnompenhpost.com/2013020861255/Business/japanese-delegation-seeks-business-options.html
Cambodia boosts attraction of foreign visitors in 2013
Cambodian Tourism Minister H.E. Dr. Thong Khon said: Cambodia, Laos and Myanmar had gained high growth of tourist arrival in 2012 for Asean region. “Cambodia is continuing its work including promotion to the outside world to attract tourists to see the country.” he said this week. ...
Singaporean law firm expands to Cambodia
Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...
http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html