Business
Rice Production Makes a Comeback in War-ravaged Cambodia
JIM LEHRER: Now, turning Cambodia’s killing fields back into rice fields. Special correspondent Fred de Sam Lazaro has the story.
FRED DE SAM LAZARO, NewsHour Correspondent: Rice is a staple in most of Asia, and shortages and high prices have triggered riots in several countries. But here in Cambodia, things have been calm, thanks to record [...]
Cambodia’s Increased Transparency
Deputy Assistant Secretary of Intergovernmental Affairs for the United States Trade Representative Dr. Christina Sevilla visited Phnom Penh, August 13th, and took part in a forum with Cambodia’s Senior Minister of Commerce, H.E. Cham Prasidh. Dr. Sevilla congratulated the Cambodian government on the impressive strides it has made in increasing transparency and dialogue with the [...]
Cambodia’s transforming tycoon
About an hour into our meeting, Kith Meng, Cambodia’s leading entrepreneur, dips a finger into an intriguing little flask on his coffee table and applies a fragrant yellow ointment to his neck and temples. “It’s Chinese,” he says. “When you have a muscle cramp, it helps take the pain away.”
The massage brings a smile to [...]
Royal to raise $2bn to develop island
Royal Group, a Cambodian conglomerate whose interests range from banking to mobile telephony, is raising $2bn from private investors, together with Hong Kong-based Millennium Group, to develop Koh Rong, an island off Sihanoukville, Cambodia’s only deep-water port.
The move comes as property developers are planning billion-dollar investments to transform Cambodia’s coastline into one of Asia’s leading [...]
Thousands displaced by Cambodia lake development
Cambodia’s Boeung Kak Lake is set to be filled with sand and thousands of people removed from their homes, as part of a development project starting next month.
While the exact nature of the development is unclear, the developer will dredge the water and replace it with sand with a view to build shops, apartments and [...]
Cambodia’s Sokimex Group Building 5-Star Hotel in Phnom Penh
PHNOM PENH, Aug 11 Asia Pulse - Cambodia’s Sokimex group has held a ground-breaking ceremony for the construction of a five-star hotel in Phnom Penh in an effort to improve tourism infrastructure in the country.
The US$100 million hotel, the third of its kind in Phnom Penh, is expected to be full operational in two years [...]
Acleda poised to shift focus out of Cambodia
Acleda, a Cambodian microfinancier that has built up the country’s largest retail banking network, is considering opening its shareholding to a western commercial bank as it starts to expand outside its home market.
Last month Acleda became the first Cambodian bank to make a foray abroad, after obtaining a banking licence from neighbouring Laos. The bank [...]
Thais hope rhetoric will cool before business climate sours, writes Umesh Pandey
With border tensions with Cambodia rising, Thai companies that have operations in the neighbouring country are wondering whether nationalistic rhetoric could threaten the closer economic relations the two countries are trying to create.
Cambodia, which only 13 months ago was pitching incentives and opportunities to Thai investors, is now a place where investors may be fearful [...]
Malaysian group gets rights to open Pizza Huts in Cambodia
Kuala Lumpur - Malaysian restaurant operator QSR Brands Bhd has obtained rights to operate outlets of the fast-food chain Pizza Hut in Cambodia, a news report said Friday.
The company, which opened the first KFC fast-food chicken outlet in Cambodia on March 2, obtained approval from the international restaurant company Yum Restaurants Asia Pte Ltd [...]
Vehicle tax collection begins next month
A vehicle tax is to be collected next month after a one month lapse due to the national election, the Ministry of Economy and Finance said Wednesday.
“We expect that after the suspension, tax collection will be highly increased compared to last year because … drivers are well-informed,” Sim Eang, director of tax department of Economy [...]
