Experts say ASEAN connectivity needs private sector involvemnt
While the planned launch of the ASEAN Economic Community is fast approaching, establishing good connectivity between member states to ensure a free flow of goods and services is a real challenge and needs more involvement from the private sector. That was the message delivered by Cambodian Foreign ...
Thailand's Khon Kaen sees double-digit revenue growth next year
Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...
http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924
Army Truck Carrying Illegal Timber Kills Family
A family of three, including an 18-year old girl, died when the driver of a military truck carrying illegally cut wood slammed into their motorbike in Siem Reap province, officials said yesterday. The family died at the scene while the occupants of the military truck, seen ...
Floodwaters Recede in Banteay Meanchey
Floodwaters appeared to be receding in Banteay Meanchey province yesterday, after almost a week of heavy rains saw several communes inundated and over 4,000 families evacuated, provincial authorities said. “The situation is now under control,” said Ngor Mengchroun, governor of Poipet City-one of the worst hit ...
Firm Plans Impact Assessments off Preah Sihanouk
Mirach Energy Ltd., formerly known as China Petrotech Holding Ltd. (CPHL), announced on Tuesday that its Cambodian counterpart, CPHL (Cambodia), had contracted two companies to conduct environmental impact studies for offshore assets in Block D, off the coast of Preah Sihanouk province. Mirach Energy said in ...
Transport costs remain high
Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...
http://www.phnompenhpost.com/index.php/2012092758948/Business/transport-costs-remain-high.html
East Asia takes notice of Cambodia
One of the most well-informed persOnalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for DragOnair, which operates daily flights from Phnom Penh to HOng KOng in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...
Rebuilding Cambodia's troubled railways
A project to rebuild Cambodia’s decrepit rail-system appears on track for completion, despite delays and difficulties relocating residents The ABC has been told of the $26 million originally allocated through AusAID, just over $14 million remains, and will go towards finishing tracks and building a bridge ...
http://www.abc.net.au/news/2012-10-10/an-rebuilding-cambodia27s-troubled-rail-system/4305676
Banking Sector Sees Growth in First 9 Months
Profits at Cambodia’s largest banks continued to grow through the first nine months of the year as loan disbursals across the sector increased by about 30 percent compared to the same period in 2011, bankers said yesterday. Acleda Bank, the largest bank in the country, this week posted ...
Hun Sen announces new airport
Prime Minister Hun Sen requisitioned 768 hectares of land on Saturday that will be used to build an international airport in Kampong Chhnang after 2025. During presiding over a land title distribution ceremony in Kampong Chhnang province, the prime minister announced the expansion of the airport. ...
http://www.phnompenhpost.com/index.php/2012102959448/Business/hun-sen-announces-new-airport.html
Anti-corruption bonus yet to be seen
Customs and Excise Department officials are complaining that a promised salary bonus meant to serve as an incentive to avoid corruption has yet to be doled out, even though the program began last June. The initiative, managed by the Ministry of Economics and Finance, was supposed ...
http://www.phnompenhpost.com/2013011160738/National/anti-corruption-bonus-yet-to-be-seen.html
Masseuses protest sackings
Noise from a loudspeaker yesterday cut through the usual peace on street 282 in Phnom Penh’s Beoung Keng Kang 1 neighbourhood, as five former massage workers at upscale spa Aziadee protested the sudden termination of their contracts. Waving posters in front of the shop ...
http://www.phnompenhpost.com/2013011760832/National/masseuses-protest-sackings.html
Stonewalling at Angkor complex’s temple
THIRTY workers involved in the restoration of the Angkor complex’s Ta Prohm temple were barred by their manager from entering the work site yesterday because of their unionism, labour representatives said. The stand-off followed the manager’s announcement that on February 1, he would dismiss the 30 ...
http://www.phnompenhpost.com/2013012560975/National/stonewalling-at-temple.html
Life Insurer Manulife Opens Its Office In Cambodia
Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...
Missing Land Protesters Were Arrested, Charged With Fraud
Two men from Kratie province who were removed from a vehicle on Tuesday while traveling to Phnom Penh to demonstrate at Prime Minister Hun Sen’s house over a land dispute, have been arrested by internal security police and charged with fraud, an official said yesterday. Sless ...
Minister asks Tai Yang to reinstate 37 strikers
The Minister of Social Affairs has sent a letter to the management of the Tai Yang and Camwell garment factories, suppliers to Levi’s and Gap, requesting it reinstate 37 workers involved in a strike that has dragged on for almost two months. “In order to ensure ...
Economy Strong but IMF Warns of Risks
Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...
CAMBODIA: Rural poor lose out in land deals
Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...
King Father Norodom Sihanouk passed away
King Father Norodom Sihanouk passed away today in Beijing at the age of 89, 59 years after he declared Cambodia’s independence from France. Sihanouk was a greatly charismatic leader revered as something of a God King during the height of his power in the 1950s and ...
Trade with Vietnam slows
Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...
http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html