News

Cambodian Sommeliers Head to Singapore for Regional Contest

Beer, whisky and strong, home-brewed moonshine have long been Cambodians’ favorite tipples, but with an ever-growing middle class, tastes are changing and if you’re part of the new elite, it is increasingly important to know your Pinot Gris from your Pinot Noir. To help enhance one’s ...

http://www.cambodiadaily.com/news/cambodian-sommeliers-head-to-singapore-for-regional-contest-40504/

After poll, deposits at microfinance institutions down

Saving deposits at microfinance institutions (MFIs) this month decreased slightly from the average monthly amount because of a rise in withdrawals, industry officials said. Bun Mony, president of the Cambodia Microfinance Association (CMA), and the general manager at MFI Sathapana Limited, said many people have come ...

http://www.phnompenhpost.com/business/after-poll-deposits-microfinance-institutions-down

Cambodian, Chinese top diplomats pledge to advance ties

Cambodian and Chinese top diplomats on Wednesday pledged to maintain and further heighten bilateral ties and cooperation for the mutual benefits of the two countries and peoples. The pledge came after a bilateral talk between Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong and visiting ...

http://news.xinhuanet.com/english/china/2013-08/21/c_132650650.htm

US Taxman Provides Investigation Training

The U.S. tax collection agency is this week training Cambodian bank staff as well as anti-corruption officials, police, judges and prosecutors in how to investigate financial activity to detect wrongdoing, officials said Monday. U.S. Embassy spokesman Sean McIntosh said the program, called Intermediate Financial Investigations Training, ...

http://www.cambodiadaily.com/business/us-taxman-provides-investigation-training-40220/

Toyota to import used cars

Toyota Cambodia unveiled plans yesterday to add second-hand vehicles to its showroom in response to consumer preference for less expensive cars and a competitive grey market full of unauthorised dealers. Kong Nuon, chairman of Toyota Cambodia, the country’s largest car dealer, said that while demand for ...

http://www.phnompenhpost.com/business/toyota-import-used-cars

Malaysia's Dataprep considers presence in Cambodia

Malaysian information technology service provider Dataprep Holdings Bhd is considering establishing a presence in Cambodia, the Malaysian Reserve reported Monday. “We are currently looking at increasing our presence in Indochina, ASEAN and China,” chief executive Ahmad Rizan Ibrahim was quoted as telling reporters Friday. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjViNjdmMjg5ZTc

Microsoft decries pirated software

Microsoft Cambodia has found that an overwhelming majority of computer retailers surveyed earlier this year failed to offer customers the option to purchase licensed, as opposed to pirated, software. Out of the 54 Cambodian computer retailers included in the May survey, the results of which were ...

http://www.phnompenhpost.com/business/microsoft-decries-pirated-software

Sri Lankan company to plant 20,000 hectares of rubber in Cambodia

Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy. Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGEzOGYyMjJhYTI

Fearing Unrest, Garment Workers Abandon Jobs

Phnom Penh’s garment factories are operating at a greatly reduced capacity as workers return home to the provinces in droves in response to the government’s decision to increase security after the opposition warned they plan to hold mass demonstrations against the election results. Ken Loo, secretary-general ...

http://www.cambodiadaily.com/elections/fearing-unrest-garment-workers-abandon-jobs-39842/

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/

Electric car is still on the charger

What happened to Cambodia’s electric car? The short answer is, the wait continues. More than seven months after its owners unveiled the new and improved Angkor EV 2013 to great fanfare, they are chronically short of funding and assembly is taking place in piecemeal fashion. Seang Chan ...

http://www.phnompenhpost.com/business/electric-car-still-charger

PAL sets new closing date for investment in Cambodia Airlines

The deal between national flag carrier Philippine Airlines (PAL) and Royal Group of Cambodia (RCG) to form Cambodia Airlines Co.  Ltd. is set to be completed within the next two months. This was according to Ma. Cecilia Pesayco, assistant corporate secretary of PAL’s parent firm PAL ...

http://www.gmanetwork.com/news/story/321652/economy/business/pal-sets-new-closing-date-for-investment-in-cambodia-airlines

Gaming outfit reports loss

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

http://www.phnompenhpost.com/business/gaming-outfit-reports-loss

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