Businesses

Shopping Malls Mushrooming

May 25, 2011 Businesses

Six-story Boeng Trabek Plaza shopping mall opened its doors in Phnom Penh yesterday, with officials claiming that 95 percent of the shops were already rented out. Shopping malls had mushroomed in the capital in recent years as the Kingdom’s economy develops, Minister of Commerce Cham Prasidh said yesterday during the inauguration ceremony. “More and more [...]

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Phnom Penh Special Economic Zone To Add Workers To Meet Shortfall

May 25, 2011 Businesses

The Phnom Penh Special Economic Zone began a national recruitment drive yesterday, aiming to add workers to meet an anticipated rise in demand for labour. Businesses are increasingly setting up in the SEZ, but finding workers has proven a challenge, according to PPSEZ Managing Director Hiroshi Uematsu. “Demand for investment in Cambodia is so high [...]

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Garment Inputs Hit With Price Increase

May 25, 2011 Businesses

The value of Cambodia’s imports of raw garment material increased by nearly 50 percent in the first quarter compared year-on-year, while volumes of material declined by some 24 percent, according to data from Camcontrol, a division of the Ministry of Commerce. Figures show import volumes dropped to 98,888.46 tonnes in the first quarter 2011 from [...]

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Official Seek To Put Business, Trade Ties First

February 25, 2011 Businesses

Official from Cambodian and Thailand sought to pacity worries among traders and investors over recent clashes between Thai and Cambodian troops at Preah Vihea temple, and instead forcused on broadening trade relations between the two countries. Speaking at the opening ceremony of the annual Thailand Trade Exhibition in Phnom Penh, Commerce Minister Cham Prasidh spoke [...]

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Canadian Business Eye Cambodian Opportunity

February 18, 2011 Businesses

Nearly two years after Canada closed its embassy in Cambodia, the two countries are now looking to establish stronger business ties. Nineteen companies, including the Blackberry designer Research in Motion, the world’s largest private jet manufacturer Bombardier, and SNC-Lavalin, one of the world’s leading engineering and construction companies, visited Cambodia as part of a two-day [...]

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Hun Sen Call China to Invest in Agriculture in Cambodia

February 17, 2011 Businesses

Prime Minister Hun Sen called on China to invest in agriculture in western Cambodia and develop crops such as cassava and corn after the visiting Chinese experts to look at cassava deal recently and as United Nation has predicted the 3 percentage increase in cassava production. Speaking at a groundbreaking ceremony in Poipet City for [...]

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Acleda Bank Profits Back Above Precrisis Levels

February 2, 2011 Businesses

Net profit at Acleda Bank rose 189 percent to $26.63 million last year, unaudited figures released by the bank last week show. That amount is 30.76 percent above 2008’s profits before the spillover effects of the global economic crisis reached Cambodia John Brinsden, vice chairman of Acleda Bank, said the increase in profit was due [...]

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Cambodian Public Bank Sees Modest Growth in 2010

February 2, 2011 Businesses

Gross profits at Cambodia Public Bank Plc jumped by about 14 percent to $18.8 million in 2010 as the bank make a recovery after the economic financial crisis the previous year; an official in the bank said. Malaysian-listed Public Bank Group, which owns Cambodian Public Bank announced to the market in its end-of-year report that the [...]

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France Telcom Shows Interest in Local Investment

November 19, 2010 Businesses

With telecommunication companies saying they expect buyouts and mergers soon within the sector, France Telecom, one of the largest telecommunications firms in the world, has reportedly express an interest in Cambodia’s fiercely competitive market. Chief Executive Offier Stephane Richard said the company could consider investing in the former French colonies Cambodia, Laos and Vietnam, where [...]

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Officials Meet to Discuss Future of Poipet City

November 19, 2010 Businesses

Officials from several ministries met yesterday with Banteay Meanchey provincial authorities at the Interior Ministry to discuss how to further the development of Poipet City in order to attract more Thai tourists to the border town. Interior Minister Sar Kheng presided over the meeting, during which officials mulled over the means of improving Poipet City [...]

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Entrepreneurs Have Need for Networking

November 16, 2010 Businesses

Chy Sila has traveled to Malaysia, Singapore, Korea, Japan and Israel, among other countries, trying to find new idea for business and new ways to runs his business. Mr Sila, managing director of CBM Corp, has over the past eight years opend in the restaurant T&C World, BB World and Pizza World after seeing similar [...]

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