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Factory Owners Agree to Provide More Benefits

Garment factory owners have agreed to provide workers with an additional $9 in monthly benefits for transportation, housing and attendance in order to reduce growing protests in the sector, Garment Manufacturers Association of Cambodia (GMAC) officials said yesterday. “We will provide $3 in attendance bonuses and ...

Officials Differ on Equipment Confiscation

Forestry Administration officials in Banteay Meanchey province have confiscated and continue to hold equipment valued at $1.5 million from a troubled biofuel plantation without any legal backing, an official in the provincial governor’s office said. Bulldozers, steamrollers and dump trucks were confiscated last month from a ...

Officials to Be Questioned Over Destruction of Flooded Forest

A district governor and two fisheries officials are among 10 people who will be questioned at the Phnom Penh Municipal Court next week over the destruction of flooded forest to make way for dry-season rice fields in Kampong Thom province, an official said yesterday. On July 27, ...

New condominium launched

A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...

http://www.phnompenhpost.com/index.php/2012100259027/Business/new-condominium-launched-in-phnom-pehn.html

Hun Sen Says Pay Rise for Civil Servants Impossible

The country cannot afford to further increase the salaries of civil servants such as teachers and members of the armed forces, as to do so would require tax increases—a move that has already sparked protests across Europe, Prime Minister Hun Sen said yesterday. Speaking at a ...

http://www.cambodiadaily.com/news/hun-sen-says-pay-rise-for-civil-servants-impossible/

Gaming Company Announces Casino in Poipet

Entertainment Gaming Asia Inc. (EGA), announced Monday that it will break ground Thursday on a new $7.5 million Slot Hall casino in Poipet province along the Thai border, EGA said in a statement. The casino will open by the end of the year with 300 gaming ...

Agriculture Sector

A better outlook for the price of Cambodian major crops, especially cassava and soybeans, drives the upward revision of growth of the other crops subsector. This in turn leads to a marginal upward revision of growth of the agriculture sector to an annualized rate of 4.6 percent, from 4.5 percent in our January ...

http://www.etmcambodia.com/blog.php?article=213

Men Sarun rice to China

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

http://www.phnompenhpost.com/index.php/2012100559116/Business/local-company-to-export-tonnes-of-rice-to-china.html

Britain to support Cambodia in fight against money laundering, terrorism financing

Britain embassy to Cambodia is partnering with Cambodian government ministries and departments to provide a training course on international best practices in the field of anti-money laundering and combating the financing of terrorism, according to the embassy’s press release on Friday. The training will be ...

http://www.nzweek.com/world/britain-to-support-cambodia-in-fight-against-money-laundering-terrorism-financing-53347/

China's Taiwan opens 2nd bank in Cambodia

Taiwan Cooperative Bank, one of the leading banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd bank from China’s Taiwan in Cambodia after the Mega ...

http://www.globaltimes.cn/content/771435.shtml#.UVT4yxej2xA

Cambodia urges to boost country's exports

Cambodian Prime Minister Hun Sen on Thursday urged local producers to increase production in order to boost the country’s exports when the Association of Southeast Asian Nations (ASEAN) turns into a community at the end of 2015. He [Hun Sen] said when ASEAN became [sic] ...

http://news.xinhuanet.com/english/business/2013-06/06/c_132436133.htm

Cambodia’s Crude Oil Imports Fall 12 pct in Q-1

Cambodia imported 412,190 tons of Crude Oil in Q-1 of Y 2013, a 12% fall compared with the 471,000 tons it imported at the same period last year, the Commerce ministry’s report showed Saturday. During the January-March period this year, the country spent US$ 397-M to ...

http://www.livetradingnews.com/cambodias-crude-oil-imports-fall-12-pct-in-q-1-112338.htm#.UX3J3aKj2xA

Anti-Corruption Unit seeks response over Information Ministry complaint

The government’s Anti-Corruption Unit has sent a letter to the Ministry of Information asking it to respond to allegations that its officials demanded bribes to let applicants pass exams for jobs in the ministry, a letter published on the ACU’s website reveals. ACU President Om Yentieng’s ...

http://www.phnompenhpost.com/national/anti-corruption-unit-seeks-response-over-information-ministry-complaint

Hun Sen leaves for ASEAN Summits in Brunei

Prime Minister Hun Sen left Monday to attend the 23rd ASEAN summit as well as other related meetings in Brunei, said Srey Thamrong, a minister attached to Hun Sen. The summits held from October 9-10 will include the 23rd ASEAN Summit, 16th ASEAN-Japan Summit, 16th ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NWZjNjg3OWRkNDA

Cambodia's Angkor greets 1.57 mln foreign visitors in 9 months

Cambodia’s Angkor Wat temples, one of the world heritage sites, attracted 1.57 million foreign tourists in the first nine of the year, up 6 percent compared with the same period in a year earlier, a tourism report showed Monday. South Korea, China, Vietnam, Japan and Thailand ...

Global Times
http://www.globaltimes.cn/content/817619.shtml#.Ul0inVBgd8E

Cambodia Wants Sinopec to Build Oil Refinery by 2018

Cambodian Prime Minister Hun Sen on Monday urged China Petroleum & Chemical Corporation, or Sinopec Corp, the Asia’s largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, Xinhua reported on October 15, citing a spokesman. ...

Oil and Gas Industry Latest News Staff
http://www.oilandgaseurasia.com/en/news/cambodia-wants-sinopec-build-oil-refinery-2018

Cargo shipments up 16 pct

The volume of cargo shipments going through the Sihanoukville Autonomous Port (PAS), the biggest deep-water port in Cambodia, saw a 16 per cent year-on-year increase in the first nine months of this year, data released by the port on Friday show. About 2.27 million tonnes of ...

May Kunmakara
http://www.phnompenhpost.com/business/cargo-shipments-16-pct

Thai fishing industry under spotlight

Far stricter monitoring of the recruitment and employment of Cambodians and other migrant labourers is needed to ensure the future of the Thai fishing industry, a new study by the International Labour Organization warns. Two and a half per cent of the 241 Cambodians interviewed ...

Abby Seiff
http://www.phnompenhpost.com/national/thai-fishing-industry-under-spotlight

Large number of Chinese firms to join Cambodian expo

Eighty-four Chinese companies would have their products displayed for the first time in Cambodia’s annual Imports and Exports Exhibition to be held in Phnom Penh on Dec. 15-18, officials said Tuesday. Ouprum Vorak, deputy chief of the Trade Promotions Department at Cambodian Ministry of Commerce, said ...

The Global Times News Staff
http://www.globaltimes.cn/content/831400.shtml#.UqfDKNIW2ls

Avis pulling into town

International car rental operator Avis is bringing its brand to Cambodia and Laos, according to a statement released last week from local licensee RMA Group. If the deal is seen through, Avis would be the first global car rental company to compete in the Kingdom. The company ...

Eddie Morton
http://www.phnompenhpost.com/business/avis-pulling-town

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