Germany Is Encouraging Investments in Cambodia
The Mirror, Vol. 14, No. 673
“According to the German Embassy, German investments in Cambodia are small, but the Embassy is encouraging more to come while Germany is the biggest buyer of products from Cambodia among the other countries of the European Union.
“The deputy head of Mission of the German Embassy in Cambodia, Mr. Thomas Heilmaier, told Rasmei Kampuchea on 13 July 2010 that, even though Germany is a major commercial partner of Cambodia, the German Embassy wants to see a further increase in this field.
“He said, ‘The Embassy wants to see increasing commercial ties between Cambodia and Germany. I think there is potential in many sectors.’
The ADB Wants Cambodia to Step Up Investments in Agriculture
The Mirror, Vol. 14, No. 673
“Phnom Penh: The president of the Asian Development Bank, Mr. Kuroda Haruhiko [ADB総裁黒田東彦], stated during a food safety forum in Manila in the Philippines on 7 July 2010, that with the signs of economic recovery in Asia, the area has to achieve regional food security, where also Cambodia has to step up investments in agriculture.
Economists: A Cambodia Stock Market Can Use Both the Dollar and the Riel
The Mirror, Vol. 14, No. 672
“Phnom Penh: The stock market of Cambodia scheduled to be established at the end of this year might use both Dollar and Riel.
“A Secretary of State of the Ministry of Economy and Finance, Mr. Hang Chuonarong, said on 6 July 2010, after a press conference at the office of the Asian Development Bank in Cambodia, that this is a choice being discussed by stock market
Within Five Months of 2010, Tourist Arrivals to Cambodia Were More Than One Million
The Mirror, Vol. 14, No. 672
“Phnom Penh: A report of tourist statics shows that within five months of 2010, there were 1,054,821 international tourist arrivals in Cambodia, an increase by 11.53% compared to the corresponding period in 2009, and the arrivals from Vietnam had the highest number.
Singapore’s Social Entrepreneur Diana Saw makes things BLOOM in Cambodia
You started Bloom in September 2006, how long was that after your Cambodia holiday which shocked you into action?
The decision was swift as it was simple: move to Cambodia to provide jobs for poor women. I first
visited Phnom Penh in April 2006 and was back the next month to look for a house. My partner and I relocated to PP the following month, in June. Not knowing anyone or anything about business in Cambodia, it took me three months before I started Bloom.
Finding Flexibility in Overtime Rules
Many provisions of the Cambodian Labor Law seem to have been written to protect semi-skilled and unskilled workers, and rightly so. Garment factory workers do tough work for low wages, so the Law aims to protect them from overwork and other abuse from their employers.
But for professional workers, the rules on working hours and overtime are often more restrictive than industry norms. Whereas New York and Hong Kong bankers could be pulling 100+ hour weeks, their Cambodian counterparts are supposed to work no more than 48 hours a week or 8 hours a day. Any time over that amount must be paid at 150% of normal wages, or 200% if done between 10pm and 5am or on a day-off. Furthermore, the employee can’t be forced to work overtime, and overtime is limited to two-hour shifts.
Cambodia Prepares Commercial Law to Resolve Disputes Relating to Foreign Dumping Sales
The Mirror, Vol. 14, No. 665
“Phnom Penh: The Cambodian government, through it’s Ministry of Commerce, in collaboration with USAID, organized to draft legislation to resolve disputes relating to foreign dumping sales of products imported from neighboring countries.
Malaysian Investors and Investments Are Coming to Cambodia while Cambodia Is Still Unable to Export Its Product
The Mirror, Vol. 14, No. 664
“The Malaysian Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak is paying a three-day official visit to Cambodia which started on Sunday; he will chair a meeting for the signing of six commercial agreements worth US$1 billion.
Cambodian Trademark FAQ
Trademark Basics
To virtually any business, trademarks are a core asset. Without them, firms and consumers would have great difficulty differentiating one producer’s good or service from a competitor’s.
Trademarks provide their owners the right to prevent rivals from using identical or confusingly similar identifying marks and trade names on their goods and services. The Law on Marks, Trade Names and Acts of Unfair Competition (2002) lists the steps for registering a trademark and the scope of protection.
This article answers common questions regarding trademark basics, the registration process, timing matters, and enforcement in Cambodia. For more specific information, the reader is directed to our report on Trademarks in Cambodia.
You’re fired! – IMMEDIATELY!
Firing an employee is a tough decision, but sometimes it needs to be done. And sometimes it needs to be done immediately, or it risks becoming much more complicated and costly.