News
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
Cambodia's oil import down by 2 pct in 5 months
Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...
http://www.asean-china-center.org/english/2013-07/22/c_132563149.htm
Cambodian opposition chief arrives home after 4 years in exile
Cambodia’s charismatic opposition leader Sam Rainsy arrived in his home country on Friday morning after spending nearly four years abroad in self-imposed exile to avoid an 11-year prison sentence on charges of disinformation and destruction of public property. Hun Sen said his request to the ...
http://news.xinhuanet.com/english/world/2013-07/19/c_132555198.htm
Cambodia sees gold price dip
Gold prices in Cambodia are down about 27 per cent from January through June, according to the Ministry of Commerce. Gold trade changed little yesterday after the biggest drop in almost two weeks in response to the US Federal Reserve Chairman Ben S Bernanke’s comments ...
http://www.phnompenhpost.com/business/cambodia-sees-gold-price-dip
Language gap cited at job fair
While Japanese investment is soaring in Cambodia, Japanese employers say there is a shortage of Japanese-speaking staff available to fill the demand. Kong Solina, assistant to the manager of the Service and Culture Department of the Cambodia-Japan Cooperation Center (CJCC), said the purpose of the ...
http://www.phnompenhpost.com/business/language-gap-cited-job-fair
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
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
Cambodia's trade with S. Korea up 12% in 5 months
Bilateral trade between Cambodia and South Korea has reached 329 million U.S. dollars in the first five months of this year, up 12 percent over the same period last year, showed the latest figures from the Korea Trade- Investment Promotion Agency to Phnom Penh on ...
http://news.xinhuanet.com/english/business/2013-07/17/c_132549530.htm
Chartered carrier takes off
Newly established Wat Phnom Airlines completed its maiden flight to Taiwan’s Taoyuan International Airport on July 10. But its predecessor, grounded Tonlesap Airlines, is said to owe the same airport more than $50,000 in landing fees. The local chartered carrier “is officially in business after it ...
http://www.phnompenhpost.com/business/chartered-carrier-takes
Garbage Mounts at Freedom Park Ahead of Rainsy’s Return
The Cambodia National Rescue Party (CNRP) plans to give its leader, Sam Rainsy, a hero’s welcome when he returns to the country on Friday after nearly four years in self-imposed exile. But unless action is taken quickly, Mr. Rainsy will be forced to deliver his first ...
http://www.cambodiadaily.com/news/garbage-mounts-at-freedom-park-ahead-of-rainsys-return-35225/
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/
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
Workers to get back pay before election
Social Affairs Ministry officials yesterday promised that about 750 workers from the shuttered Pine Great garment factory will receive their overdue salaries before the election. Yesterday Touch Somuth, a member of the Social Affairs Ministry committee formed to resolve the issue, said the committee was ...
http://www.phnompenhpost.com/national/workers-get-back-pay-election
Chinese bypass the local fare
Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...
http://www.phnompenhpost.com/business/chinese-bypass-local-fare
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Prey Veng Boy Confirmed as 14th Bird Flu Case This Year
A 3-year-old boy from Prey Veng province’s Kompong Trabek district has contracted avian influenza, a deadly disease that has killed seven children and two men so far this year in the largest outbreak the country has seen, the Ministry of Health said in a statement ...
http://www.cambodiadaily.com/news/prey-veng-boy-confirmed-as-14th-bird-flu-case-this-year-34758/
Mfone to File Complaint Against Six Companies
Bankrupt mobile phone operator Mfone is planning to file a complaint with the Phnom Penh Municipal Court against six telecommunications firms it says have failed to pay back more than $1 million in outstanding debt to the firm, the court administrator charged with overseeing Mfone’s ...
http://www.cambodiadaily.com/business/mfone-to-file-complaint-against-six-companies-34409/
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/
Managers Taught How to Spot Underage Labor
Staff at eight factories producing footwear for Japanese sportswear brand ASICS were trained Tuesday in how to make sure they are not employing child laborers, a company representative said. ASICS corporate staff have been in Cambodia this week in a bid to overcome the negative publicity ...
http://www.cambodiadaily.com/news/managers-taught-how-to-spot-underage-labor-34211/
Myanmar rice is back
While exports of Cambodian rice have been booming, analysts are predicting that new competition from Myanmar could eventually rain on the parade. Cambodia exported nearly 176,000 tonnes of rice in the first six months of the year, a 125 per cent increase from the same period ...
Rising Demand Boosts Organic Rice Industry
Production of Cambodian organic rice is rising rapidly as international demand for the product increases, experts said at a forum for growers and other industry members held Tuesday at the Phnom Penh headquarters of agricultural NGO Cedac. “In the first six months of this year we’ve ...
http://www.cambodiadaily.com/business/rising-demand-boosts-organic-rice-industry-34216/
Families complain governor’s crooked
More than 30 families evicted from a former airport site in Preah Vihear province’s Chea Ksan district have filed four complaints with the provincial court since April against district governor Sok Hay. Lor Chan, provincial coordinator for rights group Adhoc, said a total of 31 families ...
http://www.phnompenhpost.com/2013070966736/National/families-complain-governor-s-crooked.html
Garment Exports Booming Despite Concerns
Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said ...
http://www.cambodiadaily.com/business/garment-exports-booming-despite-concerns-34035/
Phnom Penh Port Trade Volume Increases by 29%
The number of shipping containers that passed through the Phnom Penh Autonomous Port increased by 29 percent during the first six months of the year compared to the same period in 2012, according to figures released yesterday. The port received 50,157 standard containers between January and ...