Cambodia Morning News For September 6

Cambodia Morning News For September 6
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Cambodia morning newsCambodian biodigester finds success, attracts investors
An innovative household biodigester has proved itself to a point where a consortium of international investors has put down US$1 million for further expansion in Cambodia and for exploring new markets in other countries.
— Sci Dev Net

Amax Intl in talks to run Cambodia casino VIP room
Amax International Holdings Ltd, a gaming investment firm whose chairman has previously been one of the most prominent figures in Macau’s VIP gambling sector, says it is in talks for “exclusive operating rights” in a VIP room at an undisclosed Cambodian casino.
— GGR Asia

Nontariff barriers continue to hinder regional trade
While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the Asian Development Bank (ADB) said in a report released yesterday.
— The Phnom Penh Post

Cambodia’s Slow Road to Become an Oil Producing Nation
After years of delay, the Cambodian government and KrisEnergy get pen to paper, signalling a wealth of future opportunities for Cambodia.
— Asean Today

Blackwell Global Opens Licensed Subsidiary in Cambodia
Multi-asset brokerage Blackwell Global has opened a new subsidiary in Cambodia. The company has opened a new office and gained a derivatives broker license from the Securities and Exchange Commission of Cambodia (SECC), permitting it to operate in the country.
— Finance Magnates

Garment firm GTI to take out loan for $4.2M
Taiwanese-owned garment manufacturer Grand Twins International (GTI) will take out a short-term loan for about $4.2 million from an unnamed financial institution to purchase raw materials and cover operating costs, the listed company said in a filing to the Cambodia Securities Exchange yesterday.
— The Phnom Penh Post

Malaysia’s Padini Plans To Invest MYR20 Mln In Cambodia, Open Up To 4 Stores – Official
Padini Holdings, a Malaysian apparel retailer, plans to invest up to 20 million ringgit ($4.66 million) to expand its footprint in Cambodia amid tepid consumer sentiment at home market, its chief financial officer said.
— Nikkei Review

Cambodian project boosts chemical-free veg production
A government project to boost the production of chemical-free vegetables has taken-off, with supplies already available in Cambodian markets, according to an Agriculture Ministry official.
— Fresh Plaza

Prayut puts Cambodia hydropower deal on hold
Prime Minister Prayut Chan-o-cha has ordered authorities to delay investment in the Stung Nam hydropower project and buying power from Cambodia, amid mounting criticism over unusually high prices.
— Bangkok Post

Double-tax waiver draft approved
The cabinet yesterday approved a draft agreement for an exemption from double taxation between Thailand and Cambodia, aiming to promote investment links with the private sectors of the neighbouring nations.
Bangkok Post

Cambodia, Laos to set up border committee
Cambodia and Laos have agreed to create a joint committee to solve a long-running border dispute between the two countries, officials announced yesterday.
— The Phnom Penh Post

Cambodia’s opposition leader charged with treason
Cambodia’s opposition leader has been formally charged with treason for allegedly conspiring with the US to topple the government, and could face up to 30 years in prison if convicted.
— The Guardian

Cambodia no Longer Compliant with the Global Deal
Swedish Prime Minister Stefan Löfven made a special effort to reach this global agreement between countries, unions and businesses. The bearing idea is that by initiating dialogue in society, salaries can be raised, business profits improved and political stability strengthened.
— IPS News Agency


Feature photo Juan Antonio Segal
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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