CAMBODIA'S FORMER KING NORODOM SIHANOUK DIES IN BEIJING

CAMBODIA'S FORMER KING NORODOM SIHANOUK DIES IN BEIJING

VIVIAN ZHANG XINYU RELEASES NEW PHOTOSHOOT

Hot model Zhang Xinyu (also known as Vivian Zhang) has a new photoshoot released.

CAMBODIAN AUTHORITIES TO DEPORT PIRATE BAY CO-FOUNDER

Gottfrid Svartholm Warg (L) and Peter Sundin from Pirate Bay in Stockholm, on February 15, 2009, give their views on the eve of their trial. Cambodian authorities have agreed to deport Warg from the country today.

TURNING THE MEDIA TIDE IN MYANMAR

Information Minister U Aung Kyi during the interview at the Myanmar Radio and Television offices in Yangon on Sunday.

KHMER GIRL: WORKERS WAITING FOR A BARGAIN

GAngkor Beer promoters strike last year in Phnom Penh. Informal workers, a class that includes beer promoters, tuk tuk drivers and farmers, are among those who stand to benefit most from the upcoming trade-union law, observers say – and workers say it can’t come soon enough.


Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Sunday, October 19, 2014

Samsung Note 4 dates in the UK on 10 October 2014



England: Q4 each year a fiery time that major tech companies in the quick release of its top products.In fact, after Apple released iPhone 6/6 Plus now Samsung is also quick to release Galaxy Note 4, the opponentimportant of the two next-generation iPhone model as soon as possible. In the words Samsung spokesman said the South Korean tech giant is set on 10 October, time release officially Note 4 in the UK while larger stores are receiving your order customers. Samsung has always been criticized for the slow release of its smartphone sales after officially announced. The specified date on 10 October, showed everyone know that Samsung has spurred emissions faster than sales this year, and probably can come from two reasons 1 is from the Galaxy S5 its less lucrative as expected, and the other is out quickly to compete with iPhone 6/6 Plus Apple also released before other famous companies release their top Smartphone. Did the Galaxy Note 4, which has a 5.7R03;R03;-inch screen of Samsung can help Samsung to back up or anyway?
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Saturday, September 15, 2012

Digital TV service launches



Cambodia's newly-established digital wireless TV service provider One TV will begin broadcasting to the Kingdom by September15. One TV is a venture between Russia’s General Satellite and Cambodia’s Royal Group, under the company Royal Media Entertainment Corporation Limited (RMEC), which will provide digital satellite television services and plans to cover 70 per cent of the country’s TV audience. Badzhadzh Samir, CEO of RMEC, said during a press conference yesterday that the commercial launch event will offer a special digital bundle free of charge, which consists of a digital set-top-box and antenna. The unit costs US$50 normally, though customers will be required to purchase a smart card if they want to watch. Stocks are said to be limited. “One TV adopted the concept of plug-and-play which allows you to connect the set-top-box to your TV set and the antenna to experience the world of Digital TV instantly. This new technology, of broadcasting the source signal, allows for better quality when watching your favourite programs,” he said. “One TV is bringing the world of entertainment to you, and will be able to cover 70 per cent of the population in Cambodia with its digital wireless connection, providing people with an affordable and reliable source of information,” he said. Broadcasting coverage will include Phnom Penh and eight provinces like Pursat, Battambong, Banteay Meanchey, Siem Reap, Kampong Thom, Kampong Cham, Svay Reing and Sihanoukville, Samir said. Ouk Vora, Chief Operating Officer (COO) of RMEC, said the service coverage of One TV is relying on CTN’s infrastructure, and that in the immediate future under the ASEAN Framework all the channels within the member states must be broadcast digitally. “We are proud to be one of the first countries in the region to start the switch. One TV is a platform which offers a chance for all domestic channels to become digital,” he continued. He added the company also plans to gain 500,000 subcribers in the next five years and will expand its coverage to other provinces. General Manager of Indochina Research, Laurent Notin, welcomed the news of Cambodia’s first digital television service. “Of course, if they are launching, they definitely see a market here.” Indochina Research’s media index survey for July 2012, which took place in five locations both urban and semi-urban, showed that 98 per cent of people watch TV; 32 per cent of households have cable or satellite and among those, 47 per cent use a local cable provider. Thirty-nine per cent use PPCTV; 8 per cent CCTV and 5 per cent DTV, according to the report. Notin said that the channels watched most often on PPCTV were: PPCTV 9 – 19 per cent; PPCTV 10 – 15 per cent; K World – 15 per cent; PPCTV 11 – 15 per cent and HBO – 8 per cent. One TV offers three packages for customers, such as: One World with 20 channels cost $3 per month; One Elite with one world plus 20 channels worth $6 per month; and One Premium with one world, one elite plus 20 channels that costs $12 per month.

(souce:www.phnompenhpost.com)

Friday, September 7, 2012

Samsung’s latest tablets arrive


A woman looks at a Samsung tablet yesterday at a dealer in Phnom Penh. Photograph:Phnom Penh Post
Samsung, the largest mobile and smartphone maker in terms of number of sales and market share, officially launched its latest generation Samsung Galaxy Notes – Galaxy Note 10.1 and Galaxy Tab 2 in Cambodia yesterday, two weeks after it lost a lawsuit against Apple over the patent infringements. On August 24, a California jury decided that Samsung ripped off the technological innovations patented by Apple in its revolutionary iPhone and iPad, and ordered Samsung to pay Apple US$1.05 billion. However, on September 5 a Japanese court ruled that Samsung hadn’t infringe on Apple’s patent for ‘synchronising music and video data with servers’ and Apple was ordered by Tokyo District Judge Tamotsu Shoji to pay the costs of the lawsuit after he passed his verdict in the latest decision in a global dispute between the technology giants over patents used in mobile devices, according to Reuters. “As a global leader in digital media and world’s number one smartphone supplier, Samsung Electronics is proudly announcing today the latest generation Galaxy Notes, called Galaxy Note 10.1 and Galaxy Tab 2 series,” Lee Gwi-han, director of Samsung for Cambodia, Myanmar and Laos, said. “The Galaxy Note 10.1, Galaxy Tab 2 are driven by technology that fits the human dream in which life and technology converge while providing optimum performance, benefits and especially serve as a phone or tablet. The Galaxy Note 10.1’s large screen will provide people with a delightful multimedia experience and allow for efficient communication,” he said. “Galaxy Note 10.1 offers a complete experience with encircled multimedia contents, better communication capabilities such as 1.4 GHz CPU, 2GB of RAM, a Precise S-pen, multi-screen and Adobe Photoshop Touch, which is well-deserved for businessman and the creation industry,” he added. Samsung recently received four EISA awards he continued. “Innovation and excellence are the core of everything we do at Samsung.” Ekapak Phongohasura, production director of Samsung in Bangkok said a survey by an international company showed that the smartphone and the tablets markets are being overtaken by Apple products while Google’s Android takes around 40 per cent of market share. “People are using the tablets for entertainment and for the business. Also in the enterprise segment, I mean within in the next five years, the tablets will be integrated into the enterprise segment,” he said. The forecast from one international research company said that in 2016 the number of shipments of tablets would overtake the number of shipments of laptops, he added. “As you can see, tablets will be used for entertainment and for the business purposes. The Galaxy Note 10.1 is designed for both entertainment and business purposes. The target users are the business professional, creative designer, citizen and also the journalist,” he continued. Samsung smartphones are dominating Cambodia’s crowded mobile phone market in terms of market share and the number sold, according to a survey from Gross for Knowledge [GfK] research.
(Source:PhnomPenhPost)

Saturday, May 5, 2012

Business:Bamboo bends towards sustainable industry

Quick growing bamboo could become a sustainable industry for building materials and even fibres for the garment industry, according to the organiser of the Bamboo Green Growth and Carbon Finance Conference that took place at Raffles Hotel last week. Organiser Eric Mousset, who also serves as president of the French Cambodian Chamber of Commerce, said that combined with newly developed environment-friendly glue, bamboo can be pressed and glued into beautiful wood flooring, for which an increasing demand could been seen worldwide. “There are technologies and methodologies to play around with, different types of glue, and it is quite a versatile product. The good news is that the glues in recent years there has been research and development carried out. Now we have glues that are biodegradable and environment friendly. The entirety of the value chain is sustainable from environmental quality. “The next step is to develop the industry at a national level, and the way is to implement some bamboo transformation factories to produce beams and boards with special glues that create a product that is harder than the hardest timber.” Mousset says having bamboo as a substitute for timber makes sense because bamboo flooring is actually a superior product that people are choosing worldwide in greater numbers. “Now you also have to consider export potential because there is a growing global demand for bamboo products especially bamboo flooring. This is because of growing number of customers who are environmentally minded worldwide.” In order to think of Cambodia as an exporter of bamboo products, the example of China is considered. “It is reasonable to consider Cambodia as an exporter in that market. To get there would mean that the Cambodia bamboo industry would have to reach the similar productivity levels as China. China holds close to 70 per cent of global bamboo market. China has been able to optimise their value chains. Bamboo factories in China are able to use every single part of bamboo,” Mousset said. While most of the bamboo used in Cambodia and elsewhere in rural Asia is split by hand and beaten flat to make floors for houses, fish traps and other products, Mousset said it would be possible to invest in the development of machines to split the bamboo as a Cambodian industry. “The Chinese bamboo value chains are entirely optimised, and it will take a few years for a country like Cambodia that starts from scratch to attain similar productivity levels. But, demand is growing worldwide.” Mousset said the bamboo industry is a possibility for carbon finance to combat global warming because bamboo is a member of the grass family of plants, not trees. “It is been proven that a hectare of bamboo forest will absorb a significantly higher level of carbon emissions than woods or trees. That is one reason why bamboo farming should be more attractive to carbon finance than the trees. The second good property of bamboo is that it regrows very quickly. For construction applications, you have to wait five years for cellular density of bamboo, but five years is still very quick compared to wood,” he said. “Bamboo is not a tree, it is a grass, and therefore escapes the definition of forestry for many ministries. Another goal is to raise awareness about the many potentials of bamboo. There is another nice property to bamboo which is stabilising and replenishing degraded land.” A year and a half ago, Mousset appointed a professor from China named Lou Yiping, who is a member of the International Network for Bamboo and Rattan (INBAR), to conduct a feasibility study here in Cambodia. Dr Lou Yiping is world expert on the bamboo value chain. He presented concept notes on the Cancun Climate Change Conference in November, 2010. That’s one of the reasons Mousset was asked to organise the bamboo conference in Phnom Penh last week. The sponsors included Beijing-based Administrative Centre of China Agenda 21 (ACCA21), the Beijing-based French Development Agency (AFD) and the French Global Environment Facility. “Another supporter was IISR, International Institute for Scientific Research, a local think tank, and they were instrumental in liaising with the ministry of environment,” Mousset said. “The purpose of the workshop was to exchange experience on bamboo development projects especially from a policy and regulation perspective. We wanted to find out how we could amend local and global regulations to make them become favourable to bamboo products.” There’s a United Nations programme called UN-REDD which stands for The United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries that channels carbon finance for reforestation. “This does not include bamboo and we’d like to make it include bamboo,” Mousset said. Another use is bamboo chips to create bamboo charcoal to create renewable energy. More than 50 people attended the conference at Raffles in Phnom Penh last Thursday and Friday, Secretary of State for the Ministry of the Environment Khong Sam Nuon. People came from China, Vietnam, India, Germany and France to attend the conference. Mousset said that since the textile industry is so important for Cambodia and because Cambodia has to import all the fabric, the manufacture of bamboo fibre clothing would be ideal. “This economy relies on the textile industries. Imagine if the local garment industry was able to source some of its inputs from within the Cambodian boundaries. This would result in higher value for the domestic economy.” Bamboo fibres have more absorbency than cotton, but the drawback is, the acid used in the fibre process is not environmentally friendly, Mousset said.
(Source:PhnomPenhPost)

Business:Knife maker Victorinox comes to Phnom Penh

Swiss Army Knife maker Victorinox this week launched a Phnom Penh retail store on Monivong Boulevard, catering to what experts said was a growing domestic interest in luxury goods.Cambodian-owned HGB Trading Co Ltd partnered with the brand for its debut in the country. Some Victroinox watches on display at the store yesterday cost up to US$2,000. HGB also introduced the Vertu mobile phone brand to Cambodia earlier this year. Some of the phones at the boutique shop in the Phokeethra Sofitel Hotel were priced at more than $35,000. Economists have noted the increasing number of luxury goods shop in a country with per capita annual income of slightly more than $900. “I think luxury products will increase in popularity and demand in Cambodia, but they will do so slowly,” said Chheang Vannarith, an economist and executive director of the Cambodia Institute for Cooperation and peace. “The growing middle and high classes can now afford these products and many Cambodians are now seeking quality after having a large amount of inferior quality products in circulation.” Chheang Vannarith called the incoming high-end consumer products a “positive development”, but said markets for the goods would remain small for up to another 10 years. Cosmetic goods in particular would find traction in Cambodia, he said. A clothing retailer concentrated on Sihanouk Boulevard near Independence Monument told the Post earlier this year that well-known, international brands were becoming increasingly willing to be represented in Cambodia. Cambodian-owned Sovereign Retail began representing regional brands in 2005, a company representative told the Post earlier this year. The company has paved the way for bigger brands such as Mango to enter the Kingdom, a development that wasn’t possible only a few years earlier. Cambodian customers may find products at Victorinox’s retail shop more affordable than a diamond-studded phone. Knifes with built-in gadgets such as can openers, laser pointers, scissors, saws, nail-files, magnifying glasses and even clocks start at about $30, but can be as pricy as $1,500. HGB also plans to launch the American phone brand Luminox in the near future, and possibly other luxury brands at Vattanac tower, which is now under construction, an unofficial spokesperson said.
(Source:PhnomPenhPost)

Business:ICT growth continues

The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom. Sony Corp, which took part in the eighth annual expo for the first time this year, set up a representative office in Phnom Penh in 2011 in order to “better meet the needs of the Cambodian consumer”, General Manger Vincent Yip said. “This is for us very much a branding event. We hope to be able to get in touch with the life of the consumer so that we can offer a total integrated connectivity experience to them.” Sony yesterday showcased a range of products – mobile phones, tablets and TVs – all of which are interconnected to offer seamless operations for users, according to Yip. Some 70 companies from Cambodia, Vietnam and Singapore will pitch their wares to consumers through Sunday, including international players like South Korea’s LG and local outfits such as Ezecom. Government officials yesterday pointed to the conference’s importance, saying it continued to draw the big names necessary to drive growth and development in Cambodia’s ICT sector. “The Ministry of Posts and Telecommunications expects without a doubt to show the products and services and solutions and technology relevant to the information technology and telecom sectors, which are really an important contribution for establishing new market,” MPTC secretary of state La Narat told the Post. “We strongly believe that all the participants will develop the industry even more.”
(Source:PhnomPenhPost)

Business:Cambodian investment firm hires new finance vet

Long-time wealth management specialist Jack Slattery has joined Cambodian Investment Management as head of corporate finance. Slattery, 52, is originally from New York and spent five years working for investment bank Salomon Brothers. In his new role, he joins Managing Director Anthony Galliano, a columnist for the Post, to help companies find loans for expansion and consult them on possible IPOs on Cambodia’s new CSX stock exchange. “Right now we’re working with a plantation group and a luxury resort group,” Slattery said. Slattery met Galliano at a networking event and discovered that both had attended Catholic high schools in New York, Galliano from Brooklyn and Slattery from Washington Heights. “Anthony was a career Citibank man, and I used to work with Salomon, which got acquired by Citibank, so we had a lot in common,” Slattery said. “Between the two of us we have well over 40 years experience in this field. We’ve been in Asia a long time and we know the region and the market places, the mindset and the cultures. Between all his experience and mine, and we think we have something to offer for new business growth, with an eye on potential listing on the stock exchange,” Slattery said. For companies interested in listing their companies on the CSX, Slattery said he and Galliano would help with pre-IPO activities, advising on corporate strategy. “We are going to help with the securities and regulatory environment, filings, licences, and to some extent the very bare-bones legal aspects of it, take a look at your balance sheet and make sure that it is in the right place and make sure you’re strong enough to execute an IPO,” Slattery said. “Once you decide you want to sell stock, you become a public company, if you expect others to invest money; they have to know more about your company that wants to go from private to public has to go through disclosure.” Slattery says he expects banks, telecommunications companies and manufacturers, including those in the garment business, would be IPO candidates. Licensed in US securities trading, he moved to Hong Kong in 1994 to set up online trading firm Instinet. “We negotiate a percentage fee based on the size of the deal, and we take a working fee up front to cover our costs to do the project for however many.”
(Source:PhnomPenhPost)

Business:PPWSA slide continues, as price sees correction

Sellers have dominated the Cambodia Securities Exchange for the last seven days of trading, and the downward trend for the single stock, Phnom Penh Water Supply Authority, was expected to continue into next week, experts said. PPWSA closed down 4.6 per cent yesterday at 7,250 riel (US$1.79), according to the CSX. There were 26,171 shares worth $46,942 traded, a volume increase of 53 per cent over Wednesday’s trades. An SBI Royal Securities market report yesterday called the market increasingly “gloomy”, and said the price could fall into next week. The Securities and Exchange Commission of Cambodia limits daily price increases and decreases to 5 per cent. Still 15 per cent above its initial public offering price of $1.57, buyers could return as PPWSA approaches that price, SBI said. “We believe that buying interest might come to the market as the share price falls below its IPO price, which could happen within the next one or two weeks,” the report said The more than 400,000 unsold shares yesterday indicated continued selling pressure, the report noted. “Sometime next week, if the price continues to fall, the stock price will be around the IPO price,” Han Kyung-tae, Tong Yang Securities Cambodia country head, said yesterday. “I believe some investors will start buying at the IPO price for their long-term investment. There are still many long-term investors waiting for the price to settle.” For the past week, investors had been selling with the expectation of buying at a lower price, he said. ACLEDA Securities bought 11,823 shares yesterday, the day’s biggest buyer, the SBI report showed. Top seller Phnom Penh Securities sold 43 per cent of the market volume. PPS has been the biggest seller for several days.
(Source:PhnomPenhPost)

Business:Taxis poised to pass Kingdom’s tuk tuks

Just over 140 metered taxicabs wheel the streets of Phnom Penh today, catering to an increasingly diverse group of passengers. But by the end of June, Cambodia’s two biggest taxi companies will have more than 200 yellow and white cabs on the capital’s boul-evards in what some have called a slow phasing-out of Cambodia’s long-standing transportation traditions: tuk tuks, moto dops and the occ-asional cyclo. The number of cabs could double within three years. “We’re going to push tuk tuks out of town,” Kong Sarath, a manager at Phnom Penh’s Choice Meter Taxi, said yesterday. “In the next few years, business and investment will continue to grow here. This is good for the taxi business. Businessmen ride in taxis.” Korean-owned Choice, which has 70 cabs, would add about 30 taxis next month and planned to have a fleet of 200 by 2015, Kong Sarath said. Only four years ago, visitors to Cambodia either rented private cars or moved around in open-aired modes of transport. Global Meter Taxi opened in 2008, followed a year later by Choice. Andre Lim, chief executive and general manager of Chinese-owned Global, said his company would add 28 cabs to its 72-strong fleet this month. Within the next two years, he hopes to have 170 cabs on the road. Motos and tuk tuks were less and less competitive compared to taxis, Lim said. “At the moment, the price of tuk tuks is not cheap. So in the future, it will be difficult for them to find customers. More people will take taxis,” he said. Pho Samnamg, 27, said that during his two years as a driver at Global, the customer base had changed from businesspeople and airport arrivals to average Cambodians. “People think taxi fares are high, but actually they’re nearly the same as tuk tuks,” Pho Samnang said. Global fares begin at US$1 and $0.69 for additional kilometres. Tuk tuk rides often cost passengers $2, although there is no standard charge. Tuk tuk drivers on the streets of Phnom Penh yester-day offered a gloomy vis-ion for their future. The increase in cabs has impacted on tuk tuk drivers’ wallets, particularly during the hot season, which pushed the mercury past a humid 33 degrees Celsius yesterday. “At the moment, its too hot and people switch to taxis, which are air-condit-ioned,” 31-year-old Pak Phanith, a tuk tuk driver who was parked near the NagaWorld Casino yesterday, said. Pak Phanith has other worries as well. Gas prices continued to force him to raise his fares, and he has heard rumours of government plans to rid the increasingly crowded streets of tuk tuks. Yit Bunna, under-secre-tary of state at the Ministry of Transportation and Public Works, but not speaking on behalf of the ministry, says safety and pollution concerns will promote the use of taxis. “I believe taxis and buses will replace tuk tuks,” Yit Bunna said yesterday.
(Source:PhnomPenhPost)

Business:Hun Sen calls for fair pricing for tourists

Prime Minister Hun Sen yesterday appealed to tourism service providers not to in-crease fares during holidays in order to attract more visitors. During his speech at the opening of the Bokor Resort in Kampot Province yesterday, the premier also criticised shop and guesthouse owners who increased prices during the Kingdom’s festivals. “If customers come back, that is good. Workers at Bokor Mountain, all bosses and service providers must make customers come back again. When they come again, they will not come alone: they will come with their relatives and spouses and children,” he said. Ang Kim Eang, president of the Cambodia Association of Travel Agents, said that even occasionally raising pri-ces to take advantage of holiday seasons could damage the reputation of an entire region.
(Source:PhnomPenhPost)