News
Electricity investment exceeds $6B
The government attracted more than $6 billion in electricity investment between 2006 and the end of last year. This is in response to rising electricity demands and is in line with government goals to reduce its cost for both commercial and residential users. ...
Thou Vireak
https://www.phnompenhpost.com/business/electricity-investment-exceeds-6b
Private sector urged to maintain good relations with government
Minister of Labour and Vocational Training Ith Sam Heng on Monday urged the private sector to maintain good relations with the government to boost social and sustainable economic development in Cambodia. His comments were made at the Annual Government-Private Sector Forum held at a hotel ...
Niem Chheng
https://www.phnompenhpost.com/national/private-sector-urged-maintain-good-relations-government
New law set to benefit those working in the private sector
Workers and employees in the private sector will receive the same benefits as those in the public sector if they pay their income tax and fulfill other legal requirements. The recently passed Law on Social Security Schemes states that workers and employees in the private ...
Long Kimmarita
https://www.phnompenhpost.com/national/new-law-set-benefit-those-working-private-sector
Tax authority reveals new target
The General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. ...
Sum Manet
https://www.khmertimeskh.com/50545986/tax-authority-reveals-new-target/
Cambodia business costs under fire
Private-sector representatives in Cambodia are deeply concerned by the government’s inability to reduce the cost of doing business in the country, and they warn that the country would start to lose investors if the situation did not improve. At a logistics forum hosted by the European ...
The Phnom Penh Post and ភ្នំពេញប៉ុស្តិ៍
http://www.nationmultimedia.com/detail/asean-plus/30338850
Private sector urged to invest in cassava
Government officials yesterday called for more private investment in cassava production, arguing it will help boost and diversify Cambodian exports. ...
May Kunmakara
http://www.khmertimeskh.com/5089297/private-sector-urged-invest-cassava/
Initiative Encourages Private Rural Investment
Representatives from more than 90 Cambodian businesses gathered yesterday at the Council of Ministers building in Phnom Penh to hear about a new initiative that aims to encourage private sector investment in agriculture. The $55.6 million project is an extension of the Asian Development Bank’s (ADB) ...
http://www.cambodiadaily.com/business/initiative-encourages-private-rural-investment-37899/
Election worries for tourists
Chris Leyland had forgotten about Cambodia’s national elections when he made plans to travel into Phnom Penh from Vietnam with Jess Jackson, 34, and her two children. Had Leyland, a 41-year-old from Oxford, UK, remembered that it wasn’t going to be a normal weekend in Cambodia, ...
http://www.phnompenhpost.com/business/election-worries-tourists
Private side can spark investment
The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country. Speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed ...
http://www.phnompenhpost.com/2013070566681/Business/private-side-can-spark-investment.html
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html
MIME launches business award
The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...
http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html
Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy
Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
Investment to aid low earners
US-BASED Overseas Private Investment Corporation (OPIC) yesterday signed a deal to provide a $5 million long-term loan to Thaneakea Phum (Cambodia) Ltd (TPC), a local microfinance institution (MFI), to support TPC’s expansion of its home improvement loans for low-income Cambodians. Fernanda Lima, director of US-based socially ...
http://www.phnompenhpost.com/2013022861653/Business/investment-to-aid-low-earners.html
Hun Sen Shares Vision of Rubber Plantation Boom
Reporting that the country had achieved better than expected economic growth last year, Prime Minister Hun Sen yesterday targeted a rapid expansion of the country’s rubber industry and predicted that almost 1 in 10 Cambodians would soon be working in rubber. “Agriculture continues to play ...
http://www.cambodiadaily.com/news/hun-sen-shares-vision-of-rubber-plantation-boom-11253/
Ecotourism in Cambodia up 9.7 per cent
Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...
http://www.phnompenhpost.com/2013021461366/Business/ecotourism-in-cambodia-up-9-7-per-cent.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. ...
Cambodian producers struggle to compete with foreign goods
More creative thinking is needed to restore trust in Cambodian products, but intense competition from foreign investment has the potential to stifle local innovation, industry experts say. A survey of more than 600 Cambodian consumers undertaken by Thai Market Research Company Envirosell found that Cambodian consumers ...
Local ISP claims licence overlap is causing losses
At least one internet service provider in Cambodia still claims to have overlapping frequencies, which means losses for the affected company MekongNet. The company’s chief executive, Sok Channda, reported that the internet service provider can’t use the frequencies that were supposed to cover the WiMAX service, ...
http://www.phnompenhpost.com/Business/local-isp-claims-licence-overlap-is-causing-losses.html
Cambodian milled rice exports rise slightly
Cambodian milled rice exports to international markets grew only 2 per cent year-on-year, leading rice trading experts to express concern that the goal of exporting a million tonnes in 2015 cannot be accomplished. Hean Vanhorn, deputy director general of the Ministry of Agriculture and director of ...
http://www.phnompenhpost.com/2013010360602/Business/cambodian-milled-rice-exports-rise-slightly.html