Tag Archives: kingdom
Kingdom factory goes for the gold
Photo by: Will Baxter A garment worker lays out cloth to be cut at the ShenZhou (Cambodia) Co, Ltd factory on the outskirts of Phnom Penh yesterday. The factory, which employees more than 4,300 workers, is now making Adidas apparel for the 2012 Olympics, which are to be held in London. Continue reading
China provides Kingdom security scanners
China has donated 17 secur-ity scanners worth about US$12.5 million to Cambodia in the run-up to the Kingdom’s ascension to the 2012 ASEAN chairmanship. Continue reading
Posted in Khmer newspaper
Tagged asean, business, cambodia, china, chinese, country, deputy, inspection, kingdom, minister, penh-on-sunday, prime-minister, sihan-oukville, sihanoukville, transport
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Huge real estate deal gets tongues wagging
Speculation has it the biggest property deal in half a decade has just been inked, dwarfing the Hongkong Land purchase made last spring. Hongkong Land (Singapore) Pte Ltd, a subsidiary of Jardine Matheson, shelled out $35.7 million in April for a number of properties in Phnom Penh and Siem Reap from the ailing JSM Indochina, of course Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, capital, companies, country, development, industry, international, kingdom, phnom-penh, real, reputation, shopping, space, united-nations
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Plan for EU-ASEAN summit
Minister of Commerce Cham Prasidh on Wednesday, in a meeting with the European Chamber of Commerce in Cambodia, called on delegates to host an EU-ASEAN business summit next year, according to Eurocham members who were present. The summit is expected to focus on enhancing business strategies to further develop ties between Cambodia and European countries, said Eurocham vice president and managing director of Sterling Project Management Thomas Sterling. “The whole point of the summit is to produce a strategic report to provide an outline for business in the country over the next 10 to 15 years, and hopefully attract further investment in the Kingdom.” While different import and export rules apply to Europe throughout ASEAN, Cambodia is fortunate to have the “Everything but Arms” quota, he said, which allows for duty-free imports from Least Developed Countries Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, commerce, commerce-cham, conference, country, daniel-parkes, government, investment, kingdom, management, ministry, other-eurocham, tenure-as-chair
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FDI soars 250% over last year
Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. Continue reading
Posted in Khmer newspaper
Tagged business, cambodia, council, deputy, development, diversification, economy, foreseeable, from-the-global, kingdom, real-estate, sector, tourism, tourism-thong, year
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Capitalism meets Khmer culture
Photo by: Sovan Philong A worker walks past crates filled with soft drinks at the Cambodia Beverage Company factory in Phnom Penh’s Russey Keo district. A favourable investment climate, advantageous lab-our conditions and political stability continue to draw foreign companies to Cambodia. Foreign firms comprised about 40 per cent of listed companies in the Kingdom last year – a growing figure that experts expect to heighten the demand for a highly skilled local workforce Continue reading
Posted in Khmer newspaper
Tagged cambodia, cambodian, employment, highly-skilled, kingdom, language, photo, western
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Floods force GDP revision
Officials now expect 6 per cent growth Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact of the floods cannot yet be determined, but growth should remain at or above 6 per cent, officials and experts said. Economic problems abroad will have less of an effect on the Kingdom’s outlook. Continue reading
Posted in Khmer newspaper
Tagged chheng-kimlong, country, deputy, development, government, kingdom, minister-keat, prime-minister, rice, university
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