Cambodia could tap up to 10,000 MW from hydroelectric dams
Cambodia has great potential in hydropower development and the country could build and tap up to 10,000 megawatts from hydropower dams, said an energy official on Thursday. “at the present, about 10 percent of the hydropower potential is under construction,” Heng Kunleang, chief of the energy ...
Corridor towns to see $37 million in ADB loans
Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...
Think Tank Says Investment Needed to Balance Growth
Government action is needed if Cambodia is to reach its potential for economic growth and address growing inequality, according to a new report from a leading local think tank. The recommendations were included in the Cambodian Development Resource Institute’s (CDRI) annual development review 2012 to ’13. ...
Adidas Denies Allegations of Low Wages for Factory Workers
German sports brand Adidas yesterday denied allegations that its Cambodian factory, which produces Olympic merchandise, was not paying workers a sustainable living wage. The London Organizing Committee for the 2012 Olympic Games (Locog) said on Sunday it would investigate claims that Adidas has violated its agreement ...
Hun Sen Announces Tax on Land Concessions
Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...
Job fair attracts a big crowd
Officials confirmed there were more than 20,000 participants at the job fair on Saturday organised by the National Employment Agency of the Ministry of Labour and Vocational Training, which was held in an effort to educate job seekers about current opportunities. Sokkhon David, acting director of information ...
http://www.phnompenhpost.com/index.php/2012110559560/Business/job-fair-attracts-a-big-crowd.html
Land dispute arrests soar 144 pct in 2012
The number of people arrested over land disputes jumped 144 percent from a year earlier to 232 in 2012, the Cambodian Human Rights and Development Association (Adhoc) said Thursday. Speaking at a news conference, he [Adhoc president Thun Saray] said Adhoc last year received 70 ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Mjk2OWQyMTBhNWE
Bangkok-Cambodia buses launched
The first buses directly connecting Thailand and Cambodia left Bangkok on Thursday, headed for Phnom Penh and Siem Reap, with the launch of a regular service to bolster tourism and economic ties between the two countries. The first airconditioned bus from Bangkok to Phnom Penh left Mor ...
http://www.bangkokpost.com/breakingnews/337029/bus-service-to-cambodia-launched
Farmers of cassava afraid of losing out to a lack of rainfall
The price for cassava plants is increasing in the Kingdom’s north-western provinces, where the new season started. Due to the lack of rain many were damaged, according to farmers and officials. Sreng Sreang, deputy director of the Pailin longan collective, which planted about five hectares of ...
SH protesters to keep striking
More than 700 workers at the SH International factory in the capital’s Po Sen Chey district have vowed to keep striking, despite the Ministry of Labour saying it could not help solve their dispute because their demands were “excessive”. The workers protested again yesterday outside the ...
Long-Running Protest Still Without Resolution
About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...
Rights Groups File Lawsuit Over Land Meeting Breakup
Two local human rights groups filed lawsuits yesterday at the Ratanakiri Provincial Court accusing commune and village officials of defamation and intimidation after they disrupted land-rights training session last month. On July 26, a group of armed officials stopped Adhoc and the Cambodian Center for Human Rights (CCHR) ...
Thai-Cambodian border trade thriving
The border trade between Thailand and Cambodia from January to April this year is worth over 26 billion baht, which is an increase of 25.5 percent year-on-year. According to Mr. Sittiporn Bangkaew, Director of the Surin Provincial Office of Commercial Affairs, Surin province shares ...
http://www.pattayamail.com/business/thai-cambodian-border-trade-thriving-15833
Striking workers resign in trade-off
Tae Young factory workers have ended their strike demanding the reinstatement of 16 fired workers after the factory last week agreed to drop its legal complaints against eight of the 16 in return for the entire group’s official resignations. About 600 protesters began the strike at ...
Cambodia Sees Massive Foreign Investment Growth in 2012
Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...
Rice alliance formed
A new partnership looking to export Cambodian rice to world markets formed yesterday afternoon at Sunway Hotel The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) elected their first executive committee, which includes office holders Phou Puy, Hann Khieng, Oknha Kong Sang, Sok Cheng, Seng ...
http://www.phnompenhpost.com/index.php/2012052856413/Business/rice-alliance-formed.html
Puma Factory Reaps Rewards Of Paying for Workers’ Meals
A factory supplying shoes for German sports brand Puma has experienced no mass faintings and seen overall productivity improve since it started providing meals to its workers last year, a Puma representative and a factory official said yesterday. Workers at Huey Chuen (Cambodia) Corp. Ltd. in ...
Cambodia Real Estate Could Benefit From QE3
Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...
http://online.wsj.com/article/SB10001424127887323894704578106160673901682.html?mod=googlenews_wsj
Eight-year investment in Cambodia's airports
Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...
Government Silent on Atai Dam Damage
With three workers still missing after a major breach at a chinese built hydropower dam in Pursat province on Saturday, the Government’s investigation into what went wrong and why appears to be moving slowly. A large set ion of a concrete tunnel at Stung atai ...