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Belarus eyes enhanced trade, investment ties with Cambodia

Belarus announced its firm stance to promote bilateral cooperation with Cambodia in trade, investment and tourism for mutual benefits, Vladimir Andreichenko, Chairman of the Belarus Parliament, said Monday. He expressed Belarus’s desire to operate a direct flight to Cambodia. He suggested that the two countries ...

http://news.xinhuanet.com/english/world/2013-02/11/c_132164406.htm

Going black before going green

HIDDEN in the labyrinth of Stung Meanchey province’s factories, the Sustainable Green Fuel Enterprise (SGFE) found a cleaner way to produce charcoal: from coconut shells and industry leftovers. It is still one of the principal sources of energy for cooking in urban areas. Chief Executive Carlo ...

http://www.phnompenhpost.com/2013030661774/Business/going-black-before-going-green.html

Firms Go to Arbitration Over Failed Gold Mining License Deal

Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...

$2m missing: telecom staff

More than 200 employees of Telecom Cambodia demonstrated yesterday morning, demanding the company’s general director step down and that the Anti-Corruption Unit investigate the company. The strikers claimed general director Lao Saroeun had been involved in large-scale embezzlement, other forms of corruption and disrespect ...

http://www.phnompenhpost.com/2013021461353/National/2m-missing-telecom-staff.html

BHP bribery scandal not thoroughly investigated

Reports have today emerged criminal allegations that BHP Billiton employees bribed officials in Cambodia and China were not thoroughly investigated by the Australian Federal Police, with the matter instead being passed over to corporate regulator ASIC, which also ran no in-depth investigation. The documents released ...

http://www.miningaustralia.com.au/news/bhp-bribery-scandal-not-thoroughly-investigated

Initial Mapping For Communal Titles Underway in Mondolkiri

Initial mapping of three ethnic minority Banong communities in Mondolkiri province got underway yesterday, a critical step in their plans to gain much coveted communal titles to their ancestral land. Established by the 2001 Land Law, communal land titles were designed specifically to protect the ancestral ...

http://www.cambodiadaily.com

France looks to increase exports to the Kingdom

France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...

http://www.phnompenhpost.com/2013041265055/Business/france-looks-to-increase-exports-to-the-kingdom.html

New Coal Plant to Tackle Blackouts

National energy supplier Electricite du Cambodge (EdC) on Monday announced that a 50-MW coal-fired power plant in Preah Sihanouk province is ready to come online this week and will solve Phnom Penh’s chronic blackouts. The statement does not mention which power plant had been completed, ...

http://www.cambodiadaily.com/news/new-coal-plant-to-tackle-blackouts-31220/

S. Korea's Booyoung to build new town in Cambodia

Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...

http://english.yonhapnews.co.kr/business/2013/05/07/45/0501000000AEN20130507006500320F.HTML

Ministers sign deals to bolster trust

Thailand and Cambodia have signed four new agreements focused on bolstering trust and maintaining security. Defence Minister Sukumpol Suwanatat made the announcement after the 9th GBC meeting at Wangjuntr Golf Park in Rayong’s Wang Chan district. He said one of the four agreements concerned the spread of ...

http://www.bangkokpost.com/news/local/350635/ministers-sign-deals-to-bolster-trust

Homeowners petition ADB

The occupants of 90 Phnom Penh households whose homes were partially or completely dismantled to make way for the Railway Rehabilitation Project partly funded by the ADB have demanded the bank offer them fair compensation. In a letter submitted to the Inter-Ministerial Resettlement Committee, the ADB, ...

http://www.phnompenhpost.com/2013052165738/National/homeowners-petition-adb.html

Man Arrested Over Murder of Rubber Farmer

A man has been arrested for his alleged role in the killing of a landowner following a dispute over a boundary at a rubber plantation in Ratanakkiri province, dep­uty provincial police chief Phen Dina said Tuesday. Sok Na, 48, who was arrested on Monday evening at ...

Sek Odom
http://www.cambodiadaily.com/news/man-arrested-over-murder-of-rubber-farmer-45712/

Canadia, Cambodia Post to Launch New Bank

Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/canadia-cambodia-post-to-launch-new-bank-40699/

Geopacific Resources outlines rights issue, funds to advance copper project in Cambodia

Cambodian-focused Geopacific Resources (ASX: GPR) has now released its 10 for 17 non-renounceable rights issue which will raise up to A$3.0 million at $0.05, and forms part of a larger funding package. In August GPR outlined a funding package which will include an equity placement of ...

Proactive Investors Australia News Styaff
http://www.proactiveinvestors.com.au/companies/news/47714/geopacific-resources-outlines-rights-issue-funds-to-advance-copper-project-in-cambodia-47714.html

Health Ministry to Shut Down Cancer Clinic

The Ministry of Health said Thursday it would shut down a Phnom Penh health center that claims to cure diseases such as cancer and diabetes with the help of detoxifying machines, according to officials. Immanuel Bicom True Healing Center in Chamkar Mon district did not have ...

Sek Odom
http://www.cambodiadaily.com/news/health-ministry-to-shut-down-cancer-clinic-48726/

Ezecom CEO made ‘oknha’

Paul Blanche-Horgan, the CEO of internet service provider Ezecom, will now be known as Oknha Paul Blanche-Horgan, making him one of the few Westerners to receive the prestigious and sought-after Cambodian title. Awarded by King Norodom Sihanomi in mid-November, the new status brings Blanche-Horgan, who has ...

Daniel de Carteret
http://www.phnompenhpost.com/business/ezecom-ceo-made-%E2%80%98oknha%E2%80%99

H&M may raise prices to pay workers

Clothing giant H&M is considering raising retail prices and passing the buck onto the consumer to help pay higher wages to garment workers in poor countries. There won’t be any price increases in the short-term, but it “might be a possibility” in the future, Helena Helmersson, ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/hm-may-raise-prices-pay-workers

Anti-tank mine explodes, killing 6 in Cambodia

Six farmers were killed on the spot and another one seriously injured after a home-made tractor ran onto an old anti-tank mine in northwestern Preah Vihear province, police chief confirmed Thursday. The accident occurred in a forest in Chom-ksan district when the tractor hit the mine ...

http://news.xinhuanet.com/english/world/2013-08/15/c_132632791.htm

Strike at SL eats into profits

Because of ongoing strikes and an inability to fill orders, SL Garment Processing (Cambodia) says it is shedding cash flow as buyers shift away from one of Asia’s largest producers, factory management confirmed yesterday. International brands H&M and Gap reduced their orders, while Levi’s ceased buying ...

Daniel de Carteret
http://www.phnompenhpost.com/business/strike-sl-eats-profits

Fears SL strike could get ugly

Union officials fear violence that occurred at two separate rallies in front of the SL Garment Processing (Cambodia) Ltd factory last week will continue at one scheduled this morning. About 10 SL strikers were injured during demonstrations on Thursday and Friday, when uniformed and plain-clothes SL ...

Sean Teehan
http://www.phnompenhpost.com/national/fears-sl-strike-could-get-ugly

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