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Thaicom's Mfone files for insolvency

Cambodia-based telecommunication operator Mfone, part of the Thaicom group, on Wednesday petitioned for insolvency proceedings in Phnom Penh after facing difficulties in an intensely competitive market and after failing to complete the sale of its shares to INT Management Service Company. “Mfone has been through a ...

http://www.nationmultimedia.com/business/Thaicoms-Mfone-files-for-insolvency-30197687.html

‘Secession’ Leader Says He Will Return to Cambodia, Stage Protest

The convicted ringleader of a so-called secessionist movement in May in Kratie province, who is currently in self-imposed exile to avoid a 30-year prison sentence, has said that he will soon return to Cambodia to organize a large-scale demonstration against the government. Bun Ratha—who was sentenced ...

http://www.cambodiadaily.com/news/secession-leader-says-he-will-return-to-cambodia-stage-protest-7751/

Corn prices to rise with new Thai policy

Cambodian officials in provinces bordering Thailand said the price of Cambodian corn would increase as a result of a reduced supply and a new Thai government policy of importing more corn for animal processing. The Bangkok Post reported on Tuesday that the Thai cabinet approved the ...

http://www.phnompenhpost.com/2013012560987/Business/cambodian-corn-prices-to-rise-with-new-thai-policy.html

Need for more transparency

GREATER transparency along the garment supply chain, from producers to buyers, is required in order to strengthen the accountability of retailers, factories and governments in protecting the rights of workers, Ou Virak, president of the Cambodian Center for Human Rights, said yesterday. Speaking in Phnom ...

http://www.phnompenhpost.com/2013022861656/Business/need-for-more-transparency.html

Walmart intervention sought at Thai factory

A large North American union has called on US retail giant Walmart to take immediate action against one of its seafood suppliers in Thailand accused of holding Cambodian workers in debt bondage while barely providing them with enough money to eat. The United Food and Commercial Workers ...

http://www.phnompenhpost.com/index.php/2012041855630/National-news/walmart-intervention-sought-at-thai-factory.html

Commune Vote Predictable, but Margins Less So

With Sunday’s commune elections quickly approaching, the five main political parties are all predicting substantial gains over how they faired in the last election in 2007, though none deny that the ruling Cambodian People’s Party (CPP) will continue to dominate the polls. And with the entrance ...

Rice Millers to Increase Capital

Cambodian rice millers will increase their capital to purchase unmilled rice this season as bankers agreed to provide more loans, insiders said on Monday. Baitong will increase its capital to purchase up to 140,000 tonnes of fragrant unmilled rice, compared to last year’s 70,000 tonnes said ...

http://www.phnompenhpost.com/index.php/2012062857068/Business/rice-millers-capital.html

Cambodia Needs To Develop Qualified Tourism Skills, Private Sector Said

Mr. Luu Meng, president of hotel association in Cambodia said this week that Cambodia needs to develop tourism skills to compete with other countries in the ASEAN region as the kingdom has more opportunity to attract foreign visitors. “Our skills of hospitality are limited in the ...

http://thesoutheastasiaweekly.com/

Cambodia Hosts 44th ASEAN Economic Minister Meeting

The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward  because this community is going smoother than other two ...

The arrival of the ASEAN Economic Community will likely be delayed

ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...

Study Finds Land Concessions of No Benefit

Government-issued economic land concessions are making the country’s indigenous communities in the northeast provinces worse off, according to a study by the Mekong Institute of Cambodia. Presented yesterday at the 2012 Development Research Forum in Phnom Penh, the study comes on top of mounting criticism of ...

Broken rice from Cambodia affects export

Exports of milled rice had fallen dramatically last year because of the poor quality of paddy rice, insiders said yesterday. Milled-rice producers told the Post that a large amount of paddy rice broke. From every 100 kilograms of paddy rice, 20 to 23 kilograms of milled rice ...

http://www.phnompenhpost.com/2013010960686/Business/broken-rice-from-cambodia-affects-export.html

Police reopen OZ, Cochlear bribery cases

THE Australian Federal Police will reopen corruption inquiries into major Australian companies OZ Minerals and Cochlear, after searing criticism that it was lax in its investigations. OZ Minerals will be targeted following discussions with the OECD about the AFP’s previous investigation of alleged foreign ...

http://www.smh.com.au/business/police-reopen-oz-cochlear-bribery-cases-20130112-2cmrt.html

Cambodia business embraces Facebook advertising

With an average of 1,100 additions every day, a new user joins Facebook in Cambodia every two minutes, according to estimates from social media marketing and advertising agency Social Media Plus. Founder of Social Media Plus Anthony Galliano said more and more companies operating in Cambodia ...

http://www.phnompenhpost.com/2013021261301/Business/cambodia-business-embraces-facebook-advertising.html

Cambodian poor pushed out of their homes by developers

A mother of four, with the youngest on her hip, said she was not impressed by the palatial government buildings where Cambodia’s Prime Minister Hun Sen and his Council of Ministers have their offices. Her own home is a wood-and-tin shack now partially buried under the ...

http://www.nationmultimedia.com/aec/Cambodian-poor-pushed-out-of-their-homes-by-develo-30200729.html

Microfinance Firms Look to Retail Lending

While shopping for a brand-new television, 27-year-old Loek Bunhai recently bought a Sony flat-screen at the Sunsimexco retail outlet on Phnom Penh’s Monivong Boulevard for $345. But with a monthly salary of $300 from his job as a microfinance officer in Phnom Penh, Mr. Bunhai was ...

Land Claim by Commune Chief's Nephew is Disputed

More than 100 villagers from Svay Rieng province’s Romeas Hek district protested yesterday on land they say was stolen from them in 2007 and recently cleared by a former community representative, whose uncle is a local commune chief Villagers said lang Hai, who acted as ...

Garment Worker Demonstrations Pay Dividends

At the M&V International Manufacturing Factory in Kompong Chhnang province last week, 5,000 workers filed through the gates, sat behind their neat rows of sewing machines and refused to work. A year earlier, hundreds of female workers had fainted at the factory after complaining of ...

US looks beyond garments to deepen Cambodia trade

The biggest US trade delegation to Cambodia in decades joined Secretary of State Hillary Clinton here as the two countries look to expand their economic relationship beyond exports of cheaply produced garments. “on the economic front, there is much more room for us to grow ...

http://www.bangkokpost.com/news/asia/303886/us-looks-beyond-garments-to-deepen-cambodia-trade

Cambodia, ILO Promotes Decent Work for All

PHNOM PENH: The International Labor Organization (ILO) and Ministry of Labor and Vocational Training launched a Decent Work for All Profile for Cambodia which assesses progress in the development of labor market conditions and protection for workers over the past decade on Monday 30th July. “Launching ...

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