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With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share.

On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile phone companies to abide by a 2009 law that sets minimum prices for the cost of a call.

Smart, which the Malaysia-based firm Axiata Group Bhd owns, says the government decision is unfair to consumers and goes against the notion of a free market. But MobiTel, which is owned by the Cambodian conglomerate Royal Group, says Smart has offered deals so cheap it has engaged in unfair business practices.

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U.S. fast-food chain Burger King, which opened its first restaurant in Cambodia at Phnom Penh’s airport last month, plans to open another in the city before the end of the year, a representative of the company holding the franchise for the chain said Friday.

 

Source: accordance The Cambodia daily

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A worker stands beside an advertisement for Burger King at the Phnom Penh International Airport on Thursday. (Siv Channa)

Burger King to Open at Phnom Penh Airport

Advertisements have gone up at the Phnom Penh International Air­port bearing the famous Burger King logo, with a message saying that the chain is “Coming soon.” The outlet is going up on the perimeter of the airport terminal build­ing, next to the existing Pizza Company and Dairy Queen outlets.

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The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB).
Olaf Unteroberdoerster, senior economist for the IMF’s Asia Pacific Department, conducted a mission trip to Cambodia between September 25 to October 5 to meet with government officials and other relevant stakeholders to evaluate  the development of the Cambodian economy.

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Chang Bunleang, operation manager and one of the founders of Brown, was nominated by the US Embassy in Phnom Penh to participate in the International Leadership Program, a business event initiated by US President Barak Obama three years ago. The program is aimed at linking young entrepreneurs in small and medium-size enterprises from countries around the world with US businesspeople. Before departuring this week, the 27-year-old took the time to talk to the Post’s Rann Reuy about his business and nomination opportunity.

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The co-founder of file-sharing website The Pirate bay, Swedish national Gottfrid Svartholm Warg, will be deported within the next two days police officials said yesterday.

Mr.Svartholm Warg, 27, who was arrested more than ten days ago at Sweden’s request, had been living in Cambodia in order to avoid a one year jail sentence back home for internet privacy, as his site allowed users to download movies, music and computer games free of charge.

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At the request of the Swedish government, Cambodia police on Thursday arrested Gottfrid Svartholm Warg a Swedish national and co-founder of the popular files-sharing website The Pirate Bay, who had been living in Phnom Penh to avoid serving a prison sentence back home  for online privacy.

While Cambodia and Sweden do not have an extradition treaty, police said yesterday that they were waiting for court documents from Sweden and would then consider what action to take regarding 27-year-old Mr. Svartholm Warg, who is being held at the Interior Ministry."

“We followed the request from the Swedish government. I think he committed a cyber-crime in verdict of the Swedish government,” said Kirth Chantharith, National Police spokesman.

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A lack of proper regulation, unrealistic market data and a constant stream of disputes between Cambodia‘s mobile operators will likely hinder the country’s future telecommunication regulator effectively governing the sector, according to a leading research firm.

Without the enactment of a telecommunications law, which is currectly at the Coucil of Ministers after first being drafted in 2000, the proposed Telecom Regulator of Cambodia (TRC), will have no way to settle disputes between operators, Business Monitor International (BMI) said in a quarterly analysis of the Cambodian and Lao telecommunication markets, published in June.

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Commerce Minister Cham Prasidh yesterday signed an agreement with Indonasia’s Trade Minister Gita Wirawan to export 100,000 tons of milled rice to Indonasia every year, officials said.

although details- such as when the export will begin and where the rice will be sourced- have yet to be negotiated, the deal is considered an important, the deal is considered an important step toward reaching the government’s target of exporting 1 million tons of milled rice by 2015, said Thon Virak, general director of Green Trade Co,.a state-owned rice exporter.

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(27 June 2012)

U.S fast-food chain Burger King said yesterday that no one holds the right to open a branch of its restaurant in Cambodia, despite job advertisements appearing online featuring the company’s logo.

“Currently, we do not have any established franchisee in Cambodia,” Tan Ching Ee, marketing director for Burger King’s Asia Pacific office in Singapore, said in an email.

Garment factory owner Sok Hong, who is a board member at Sokimex Group and the son of Sokimex chairman Sok Kong, said on Monday that he was involved in talks to brings Burger King to Cambodia.

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Mass production of the Angkor Car—the first automobile to be designed and made in Cambodia-will be pushed back six months until December due to technical difficulties with starting the engine and opening the doors, the car’s designer said yesterday.

The Angkor Car, which runs on an electric engine and is just slightly longer than it is wide, was designed by Nhean Phaoek and will come with a starting price tag of $5,000 once it goes on sale.

Mr.Phaloek designed the miniature car for his family back in 2000, partnering with the local firm Heng Development in July 2010 to find investors for the project. In March 2011, his vision to mass-produce the car became a reality after inking a deal with Chau Leong Enterprise Group, a Hong Kong-based electical appliance firm, to build a factory in Takhmao City and produce the automobiles.

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