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Posts Tagged ‘Cambodia Business News’

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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(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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SINGAPORE- Apple Inc. said yesterday it has launched its iTunes online store in Cambodia and 11 other Asian territories, including Hong Kong and Singapore, making it easier for customers in the region to buy and download music and videos. While Asian users of Apple’s iPhones and iPads are able to download applications such as the popular “Angry Birds”game, they have gift cards issued in the countries such as the U.S. and Britain. Asia is an increasingly important market to Apple—operating revenue doubled in the past quarter year on year, surpassing Europe, But previously only users in Australia, Japan and New Zealand in the Asia Pacific region could buy and download music and video, due to restrictions related to copyright and licensing issues. Apple made no mention of China, its biggest market after the U.S., where users can only access apps, and free content like podcasts. The other Asian territories are Brunei, Laos, Macau, Malaysia, Philippines, Thailand, Sri Lanka, Taiwan and Vietnam.

 

Source Accordance: Cambodia’s daily news

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U.S Fast-food giant Burger King could soon be serving up the first “Whoppers” in Cambodia, while and overseas firm has begun recruiting local staff to work for the chain, the businessman behind the franchise investment said yesterday.

Local garment factory owner Sok Hong, who is board member at Sokimex Group and the son of Sokimex chairmen Sok Kong, said that he is involved in talks to open Burger King restaurants in Cambodia.

“We don’t know when we will start yet,” Mr. Hong said. “We are studying it.”

Mr.Hong said his restaurant chain plan was no linked to his father’s well-known conglomerate Sokimex, but he declined to give any other further details.

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Cambodia will not meet the World Trade Organization’s (WTO) deadline to enforce copyright laws by 2013 and will likely ask for an extension, an official at the Ministry of Commerce said yesterday.

The deadline was already extended once by the WTO in 2005 after it became apparent that Cambodia and other less developed countries would not be able to implement laws preventing the sale of counterfeit goods.

Sex-and-half years later, fake Louis Vuitton handbags, imitation Davidoff colognes and illegally copied video games and DVDs are still readily available in most market in Phnom Penh.

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CityLife is Cambodia’s premier FREE guide magazine, bringing good reading to all those in Phnom Penh and around town who like to keep their finger on their city’s pulse. Every two months, a glossy new volume of CityLife delivers fresh information on the best restaurants, bars, cafés, places, attraction, shop and many more in your neighborhoods and right across town. With its engaging feature stories, lively reviews and sparkling photography, CityLife has become the essential reference for countless Cambodia residents, business people and visitors.

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The majority owners of Cambodian mobile phone provider Mfone lost more than US$13 million in the Kingdom last year.

Pointing to the large number of mobile operators active in Cambodia, Thaicom said there was a “price war and intense competition in the market” in its annual report, which added an appreciating Thai baht as a factor in the loss.

The Bangkok-listed company claimed a loss of 405 million baht (US$13.2 million) in its Cambodia results for 2010, on revenues of 959 million baht.

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