More Chinese FDI on the horizon
China has pledged to increase its investment in Cambodia in return for the Kingdom’s commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei, secretary-general of the Chinese-ASEAN Expo (CAEXPO) Secretariat, said on Wednesday that Cambodia had thrown its full support behind China’s ...
Kali Kotoski
http://www.phnompenhpost.com/business/more-chinese-fdi-horizon
TPP puts Cambodia’s trade, investment in the spotlight
The conclusion of the Trans-Pacific Partnership agreement has industry insiders in Cambodia split over whether or not the new pact will limit the Kingdom’s trade growth potential in the US market and see future investments diverted to Vietnam.Ending a long-drawn negotiation process that lasted five ...
Ananth Baliga
http://www.phnompenhpost.com/business/tpp-puts-cambodias-trade-investment-spotlight
PPSEZ plans bookbuild for scaled-back IPO
Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo
Dams may worsen arsenic problem: study
A Stanford University study conducted in Cambodia has shed new light on the natural introduction of the poison arsenic into groundwater – an established problem in Cambodia that could be exacerbated by hydrological development, particularly dams, researchers say.According to a report on their findings, published ...
Jamie Elliott
http://www.phnompenhpost.com/national/dams-may-worsen-arsenic-problem-study
CNRP’s chiefs will keep campaign promises or quit, says Sovann
Opposition spokesman Yim Sovann said yesterday that if any of the CNRP’s more than 400 new commune chiefs who won office on Sunday cannot follow through on the party’s campaign pledges, they will “give up” their positions.Sovann said the Cambodia National Rescue Party had made ...
Meas Sokchea
http://www.phnompenhpost.com/national/cnrps-chiefs-will-keep-campaign-promises-or-quit-says-sovann
Mondulkiri villages to get REDD+ funds
Twenty villages in Mondulkiri province are set to receive at least $10,000 each as a result of the $2.6 million carbon credit purchase by the Walt Disney Company in 2016, under a scheme meant to protect the Keo Seima Wildlife Sanctuary, officials said yesterday.This would ...
Yesenia Amaro and Phak Seangly
http://www.phnompenhpost.com/national/mondulkiri-villages-get-redd-funds
Water sector in need of investment
Despite the establishment of the Cambodian Clean Water Supplier Association last week, the clean water sector still lacks sufficient investment to connect rural Cambodia. There is very little clean water in Cambodia and accelerating its supply requires the government, private sector and other development partners ...
Metro looks to Laos, Cambodia for heavy equipment sales
Metro Machinery, the biggest dealer of heavy construction equipment in Thailand, is looking over the borders to Laos and Cambodia, which are exploiting their abundant natural resources and racing to develop infrastructure. The company will on October 9 ink two deals worth Bt1.5 billion each – ...
F&N fits into ThaiBev's long-term global plan, says CEO
Thai Beverage’s stake in Fraser & Neave (F&N) is another piece of the strategic jigsaw as ThaiBev moves to become an international giant, benefiting from the Singapore-based beverage firm’s regional distribution network and management know-how Not only has its beverage business expanded regionally and globally, the ...
Govt okays 5-nation rice trade zone
The cabinet yesterday approved the Commerce Ministry’s plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices According to a source at the Commerce Ministry, the rice trade zone project will begin with Cambodia and will involve rice ...
http://www.bangkokpost.com/news/local/320895/govt-okays-5-nation-rice-trade-zone
Acleda Eyes Expansion Into Burma
Cambodia’s largest bank, Acleda, is looking to get in early on Burma’s economic reawakening with plans to open three microfinance branches in the country as soon as January, the bank’s CEO said yesterday. In Channy said he discussed the plan on Monday with a visiting Burmese ...
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
International expo in Cambodia to boost garment sector
The four-day second Cambodia International Machinery Industrial Fair (CIMIF 2012) has begun in Cambodia’s capital Phnom Penh. Leading global brands of industrial equipment for textiles, garment and accessories are among the more than 200 exhibitors from 20 countries displaying their products. The exhibition provides a ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=114673
Anti Eviction Activists Take Plea for Help to CPP
Phnom Penh’s anti eviction protesters yesterday staged a 100 strong demonstration outside the CPP Headquarters on Norodom Boulevard, calling for the ruling party to release a jailed community activist and help families acquire land titles. They also requested that the government include 61 families left ...
Multiple Skills Needed To Compete in a Future Asean, Economist Says
Young Cambodians must develop diverse workplace skills if they are to compete in an integrated Asean, a leading economist and adviser to the government says. “We have to make sure we are able to do multiple things if others are able to do just one,” the ...
http://www.voacambodia.com/content/multiple-skills-needed-for-asean-competition/1603984.html
Japan Assists Cambodia To Formulate Industry Policy To Woo Investments
Japan, the most experienced country in the industrial sector, has cooperated with Cambodia, aiming at enhancing Cambodia’s industrial policy better to attract more investments, especially the Japanese investors who have kept an eye out on Cambodia over the last several years. The workshop under the theme: Towards the Cambodia’s Industrial Policy, was conducted On April ...
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
Printing industry growing in the region
The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...
E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
Satellite system will save fuel and routes
Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...
http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes