International expo in Cambodia to boost garment sector
The four-day second Cambodia International Machinery Industrial Fair (CIMIF 2012) has begun in Cambodia’s capital Phnom Penh. Leading global brands of industrial equipment for textiles, garment and accessories are among the more than 200 exhibitors from 20 countries displaying their products. The exhibition provides a ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=114673
Evicted M’kiri Families Can’t Afford Trip Home
Some of the 200 families evicted from a village in Mondolkiri province’s Koh Nhek district last week said yesterday that they were taking up temporary residence in nearby villages and forests because they could not afford to go home, or had no land to return ...
Rains Lead to Reduction in Salt Harvests
Heavy rainfall in April and May has cut salt production by a third in Kep and Kampot provinces even though farmers extended the harvest season there by a month, farmers said yesterday. Last year, farmers were able to produce about 90,000 tons of salt on 4,500 ...
H&M meets NGOs and factories to improve working conditions
H&M Hennes & Mauritz’s head of sustainability Helena Helmersson was in Cambodia last week to meet with ILO/Better Works Cambodia on how to improve working conditions in export garment factories. Helmersson said in a blog post that the lack of dialogue between workers and factory management ...
Chea Vichea Murder Case Back in Court
The two men convicted of – and widely believed framed for – the 2004 assassination of union leader Chea Vichea are set to appear at the Appeal Court for their retrial today, nearly four years after the Supreme Court released them and ordered a reinvestigation ...
Slight fall in food price index
Global food prices fell 1 per cent or two points in the October 2012 Food and Agriculture Organisation’s (FAO) Food Price Index released on October 7, 2012. The index averaged 213 points, compared to September’s revised level of 215 points. According to the FAO, the decrease ...
http://www.phnompenhpost.com/index.php/2012110959664/Business/slight-fall-in-food-price-index.html
Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft
In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...
New Year to boost plant sales in Phnom Penh
Sales of plants and flowers will reach a high during the Lunar New Year celebrations in Phnom Penh, which start on Sunday, as more customers than ever before buy floral decorations for their houses, flower shop owners in Phnom Penh predicted. “During the weekend many people ...
http://www.phnompenhpost.com/2013020461162/Business/new-year-to-boost-plant-sales-in-phnom-penh.html
Cambodian education investor explains his turn to real estate
Chea Sokheng, general director of Arizon Group Ltd, a potential investor in Cambodia’s education and real estate sectors, said that investment in education is a main contributor to developing human resources and growth of the national economy. Though he mentioned the opportunity to invest in the ...
We Will Not Be Moved
They’re known as the BK13 and they’re not prepared to let greedy developers take the very, very little they have. They’re 13 women – mothers, grandmothers – who live around what used to be Boeung Kak Lake – not far from the centre of Cambodia’s ...
SCB focus on Myanmar, Laos, Cambodia
Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...
http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia
U.K.’s Prudential Set to Gain Cambodia License in First Quarter
Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...
Lucky opens seventh outlet, not concerned by Aeon Mall
The Lucky Supermarket Group opened its seventh outlet in Cambodia on the ground floor of the Rose City building on Norodom Boulevard yesterday, with company representatives saying it believed it would attract more foreign customers. Richard Seah, CEO of DFI Lucky Private Limited, said the new ...
Boeng Kak Families Pitch a New Solution to Land Dispute
A group of Phnom Penh residents locked in a long-running land dispute with a real estate project owned by CPP Senator Lao Meng Khin are pitching City Hall a plan they hope will prevent them from being evicted and keep them close to home. “We ...
Villagers getting ready for DM Group hearing
The Ratanakkiri Provincial Court has issued letters to 11 ethnic Tampuon villagers from the province’s Lumphat district, instructing them to prepare for a hearing over accusations of using violence on the property of rubber company DM Group. DM Group first began setting up rubber plantations in ...
$1.3m SEZ Japanese Restaurant Opens Doors
In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...
http://www.phnompenhpost.com/2013060366009/Business/1-3m-sez-japanese-restaurant-opens-doors.html
Pailin gets $4m feed processing warehouse
Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...
http://www.phnompenhpost.com/2013070366629/Business/pailin-gets-4m-feed-processing-warehouse.html
Mobile Banking Services On A Rise
F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...
http://www.phnompenhpost.com/2013050765437/Business/mobile-banking-services-on-a-rise.html
Families Say Land Was Taken
Nearly 90 representatives of 137 families in Battambang province, some of whom include former Khmer Rouge cadres, protested for a second day in Phnom Penh yesterday, claiming authorities had seized land they had held since the late 1990s. Ul Yan who was among protesters at Butom ...
http://www.phnompenhpost.com/2013052465825/National/families-say-land-was-taken.html
Couple say illegal wood is not theirs
Police seized about 600 pieces of luxury-grade rosewood weighing about 2,000 kilograms during a raid in Oddar Meanchey province on Sunday, but are still deciding whether to arrest the owners of the property on which it was found, an official said. Bun Heng, a communal forestry ...
http://www.phnompenhpost.com/national/couple-say-illegal-wood-not-theirs