News
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
Rail gets rice exports on move
For the first time since a railway rehabilitation project was launched in 2006, Cambodian rice is now being transported from Phnom Penh to the Sihanoukville port along the country’s southern line for export, operators Toll said on Wednesday. Speaking at the Phnom Penh cargo loading station, ...
http://www.phnompenhpost.com/business/rail-gets-rice-exports-move
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
Cambodia's trade with U.S. up 2% in first half of 2013
Bilateral trade between Cambodia and the United States has amounted to 1.44 billion U.S. dollars in the first six months of the year, up 2 percent compared with 1.41 billion U.S. dollars over the same period last year, the figures of the U.S. Department of ...
http://news.xinhuanet.com/english/business/2013-08/07/c_132610051.htm
Malaysian firms urged to venture into Cambodia's agri sector
Malaysian companies have been urged to venture into Cambodia’s agriculture sector especially in paddy planting and opening up rubber estates. In making the call, Raja Saiful Ridzuan, Deputy Chief of Mission at the Malaysian Embassy here, said Malaysian firms, with its vast expertise in agriculture sector, ...
http://www.nst.com.my/latest/malaysian-firms-urged-to-venture-into-cambodia-s-agri-sector-1.334244
Angry factory workers block National Road 6
About 4,000 angry workers crowded National Road 6 for about 10 minutes yesterday morning The striking employees of the Chinese-owned Juhui Footwear Co, Ltd, who walked out on Friday, took to the street and blocked traffic after officials from the Coalition of Cambodian Apparel Workers Democratic ...
http://www.phnompenhpost.com/national/angry-factory-workers-block-national-road-6
Global hotel group sees profits rise 20 per cent
Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region. According to a statement ...
http://www.phnompenhpost.com/business/global-hotel-group-sees-profits-rise-20-cent
Bulldozers will not move us, families insist
More than 100 families living in Koh Kong’s Kiri Sakor and Botum Sakor districts are on the clock, with an official government decree demanding they vacate their land in less than two months or face the bulldozers of the Chinese firm slated to build a ...
http://www.phnompenhpost.com/national/bulldozers-will-not-move-us-families-insist
Villagers protest hike in electricity expense
More than 60 villagers from Kampong Cham province’s Stung Trang district staged a protest on Monday at Arak Tnort commune hall, demanding answers for a massive price hike that has accompanied the installation of electricity meters ahead of a planned switchover to state-provided power. Private company ...
http://www.phnompenhpost.com/national/villagers-protest-hike-electricity-expense
Cambodia's garment industry at crossroads
Nun Vanak is an excellent example of how Cambodia’s garment manufacturing industry has helped to change lives of hundreds of thousands of people in this country. The 23-year-old is part of Cambodia’s half-a-million-strong workforce – mostly young women – that keeps these garment factories running. Her income ...
Promotions few in financial sector
In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...
http://www.phnompenhpost.com/business/promotions-few-financial-sector
Baby milk recalled in Cambodia
Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...
http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia
Cambodian insurance industry sees 25 pct growth in first half
Cambodia’s insurance sector earned a total premium of 22 million U.S. dollars in the first six months of the year, up 25 percent from the 17.6 million U.S. dollars it made over the same period last year, the industry’s figures showed Tuesday. The premiums were from ...
http://news.xinhuanet.com/english/business/2013-08/06/c_132607310.htm
Japanese Mizuho Bank looks into Cambodian financial sector
Mizuho Bank, one of Japan’s largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a bank official said. To date, Cambodia has five foreign banks’ representative offices, 34 commercial banks, seven specialized banks and 37 microfinance institutions, ...
http://news.xinhuanet.com/english/world/2013-07/08/c_132522621.htm
Qatar plans bank in Cambodia to enhance trade
Qatar’s ambassador to Cambodia says his country wants to open a bank here in an effort to enhance, and attract more, trade and investment from Middle East countries to the Kingdom. Bloomberg reported yesterday that Arqaam Capital, a Dubai-based investment bank, had said it was ...
More investment from India
Cambodia expects to attract more investment from India after an agreement on trade and investment was made by all ASEAN leaders last week in New Delhi. Officials said India would become a potential market for Cambodia. The agreement will encourage Indian investors to invest in ASEAN ...
http://www.phnompenhpost.com/2012122460431/Business/more-investment-from-india.html
Regional, Local Activists Plan Forums to Coincide With Summits
Activist groups are planning to hold two separate forums this week in Phnom Penh to call attention to human rights issues and other problems in Asean countries as a meeting of regional and world leaders begin in the city. The assembly will meet ahead of ...