Firm Posts fall In Profits on Slot Machines
Entertainment Gaming Asia Inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...
Court Releases Anti-Eviction Activist, but Charge Stands
The Phnom Penh Municipal Court yesterday convicted 64-year-old Borei Keila resident Tim Sakmony for making a false declaration, but released the anti-eviction activist owing to time already served in prison. Ms. Sakmony’s day in court came, without explanation, at precisely the same time as the trial ...
Guesthouses rebut calls for fair prices
Hotel and guesthouse operators have pushed back against government calls to avoid price increases during holidays, claiming group booking, as well as supply and demand, dictated the price of accommodation. Government officials, including Prime Minister Hun Sen, have recently tried to dissuade operators from raising the ...
Q1 exports to Thailand soar
Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped US$85.4 million in ...
http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html
Seventy Workers Faint at Factory Supplying H&M
More than 70 workers at a factory in Kompong Speu province that produces garments for the Swedish clothing brand H&M were hospitalized Monday after they fainted at their workplace. Chea Mony, president of the Free Trade Union, said the workers at the Anful garment factory in ...
Trade, Tourism To Get Boost Along Phnom Penh-Bangkok Route
Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...
Global Media Conference Yields Ideas for Cambodian Internet
Keo Kounila is Cambodian blogger who recently attend the Deutsche Welle Global Media Forum in Bonn, Germany. After meeting amid some 1,500 participants, she told VOA Khmer she had garnered new ideas to help develop Cambodia, including organizing seminars to help university students make better use ...
Cassava plantings decrease
Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ...
http://www.phnompenhpost.com/index.php/2012072357551/Business/cassava-plantings-decrease.html
Japanese bank to sign cooperation deal with Cambodian bank
Sumitomo Mitsui Banking Corporation, one of the leading banks in Japan, will sign a memorandum of understanding with Cambodia’s leading Acleda Bank on Friday for business cooperation, according to a press release from Acleda on Thursday. Under the agreement, both banks will provide mutual support for ...
http://news.xinhuanet.com/english/business/2012-08/23/c_131803018.htm
East Asia Summit to discuss how to address economic, financial disorder
East Asian leaders will discuss how to address economic and financial disorder when they meet heads of the International Monetary Fund, the Asian Development Bank and the World Trade Organization next week, a source said Wednesday. The source, who asked not to be named, said the ...
Casino Workers Strike Over Fired Union Leaders
More than 200 workers at Poipet City’s Casino Tropicana went on strike over the weekend, calling for management to improve working conditions and rehire two Free Trade Union (FTU) members who were fired earlier this year. Workers said that Sat Sep, formerly the representative of the ...
Cameras blocked by cops: CCHR
The Cambodian Center for Human Rights says that a company with a controversial economic land concession in Koh Kong province banned the centre’s officers from photographing the area and ordered police to grab their cameras. officers from CCHR traveled to Sre Ambel district on December 14 ...
http://www.phnompenhpost.com/2012121960362/National/cameras-blocked-by-cops-cchr.html
Gym membership gets a lift
Two or three times per week Hong Chandara finds the time to unwind from work, family and social responsibilities by exercising at his gym. Meanwhile, entrepreneurs see potential in the fitness service sector, as gyms gain popularity in Cambodia. Meas Sok Dany, owner of the ...
http://www.phnompenhpost.com/2013052965900/Business/gym-membership-gets-a-lift.html
Eighth Communal Land Title Awarded in Mondolkiri
Land Management Minister Im Chum Lim awarded a community of ethnic minority Banong in Mondolkiri province a communal land tile to their ancestral land last week, only the eighth communal land title to be handed out since the 2001 Land Law made them available. The title ...
Villagers call for state electricity
About 200 protesters clamoured yesterday in front of a Kandal province commune chief’s office, demanding the state take control of providing their electricity. Yong Phany, a 32-year-old protester from Ang Snuol district’s Poeuk commune said Peoun Sambat, the private company contracted to provide electricity to the ...
http://www.phnompenhpost.com/2013062166410/National/villagers-call-for-state-electricity.html
Tough Telecom Market Sees qb Downsize
Mobile phone operator qb has shuttered “a number” of retail showrooms in an effort to improve its business in Cambodia’s oversaturated telecommunications market, the company confirmed Wednesday. And former employees have also revealed the telecom—which is operated by Cambodia Advance Communications Ltd. (CAC)—has lost nearly half ...
http://www.cambodiadaily.com/business/tough-telecom-market-sees-qb-downsize-33329/
MUJI Plans Green Dye Factory for Cambodia
Japanese retail company MUJI announced the development of an eco-friendly natural dyeing plant in Cambodia, a press release on Sunday said. The plan is part of the Business Call to Action, a global initiative supported by several international organisations and hosted by the UN Development Programme ...
http://www.phnompenhpost.com/2013060466031/Business/muji-plans-green-dye-factory-for-cambodia.html
Illegal logs found in TTY truck
Conservation officials have confiscated a truck containing 20 cubic metres of illegally cut, luxury-grade timber from an economic land concession owned by the firm TTY Corporation, a district official said yesterday. Kratie provincial officials seized the logs, along with two trucks and two cars on Monday ...
http://www.phnompenhpost.com/2013061266220/National/illegal-logs-found-in-tty-truck.html
Police seize illegal rosewood; suspect escapes
Nearly a tonne of rosewood was uncovered in a raid yesterday in Kampong Speu in which the suspect successfully fled after injuring an officer, police officials said. “According to the quality assessment, I can say a rough value of that rosewood is $300,000,” he [Keo ...
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...