Higher costs forcing Chinese firms to relocate to Southeast Asia
China’s rising wages and shrinking export demand are forcing manufacturers to relocate to neighbouring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said
Buyers have “turned their eyes to manufacturers from Southeast Asian countries”,
http://my.news.yahoo.com/higher-costs-forcing-chinese-firms-relocate-southeast-asia-091002927.html
CTH mulls EPL sub-licensing
Cable Thai Holdings (CTH) says it is in talks with leading cable-TV operators and private broadcasters in Cambodia and Laos to grant sub-licence rights to broadcast the English Premier League for three seasons beginning in 2013-14.
CTH is a group of more than 300 cable-TV operators
http://www.nationmultimedia.com/business/CTH-mulls-EPL-sub-licensing-30195300.html
Villagers blame rubber company
Villagers in Preah Vihear’s Kulen district are seeking the assistance of rights group Adhoc, claiming a Malaysian rubber company has stopped them from receiving land titles.
Sok Yam, 48, one of the four representatives of the Sro Yong commune residents, said members of 72 families thumbprinted
http://www.phnompenhpost.com/national/villagers-blame-rubber-company
Cambodian Vtrust plans CSX floating
Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the company’s chairman, Kuy Vat, said yesterday.
The company is now preparing the necessary documents on its business, corporate
http://www.phnompenhpost.com/2013032764710/Business/cambodian-vtrust-plans-csx-floating.html
Hun Sen Tells Landowners in Kep to Obey Tax Law
Prime Minister Hun Sen on Wednesday told landowners in the coastal province of Kep to pay their taxes on unused land and increase the amount of investment in the area to attract more visitors.
According to the law, unused land is subject to a 2 percent
http://www.cambodiadaily.com/business/hun-sen-tells-landowners-in-kep-to-obey-tax-law-26172/
Cambodia’s garment industry expanding
Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry.
Exports of garment and textile materials went up by 17.5 per cent
http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html
Evicted Kratie Families Petition Hun Sen for Help
Fifteen villagers representing 18 families from Kratie province involved in an ongoing dispute with the Sovan Vuthy Rubber Company yesterday submitted a petition to the Ministry of Land Management calling for intervention after the company allegedly cleared their farmland.
The families say they have lived
Opposition claims majority win
If a joint committee investigates the irregularities and results from Sunday’s election, it will discover the opposition has won between 80 and 90 seats in the 123-seat National Assembly, Cambodia National Rescue Party president Sam Rainsy said today.
Rainsy told the Post that his party’s final
The Phnom Penh Post
http://www.phnompenhpost.com/national/opposition-claims-majority-win
Civil servant salaries to increase next month
The Cambodian government announced that it would increase the salaries of low-ranking civil servants to 320,000 Riel per month.
The statement was issued by Prime Minister Hun Sen Tuesday.
He said, 90,000 civil servants will benefit from the increase which will start in September.
Recently the Ministry of
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmFmZGMzN2U3M2M
Security to Be Boosted on Final Day of Election Campaigning
Phnom Penh authorities said Thursday that all necessary security measures were in place to ensure that today’s final burst of campaigning would be peaceful and cause limited disruption in the city and that Sunday’s national election vote goes ahead without incident.
Municipal police chief Heng Chantheary
Timber cache hidden in plantation
A raid on an orange plantation netted more than five cubic metres of illegally logged rosewood and other luxury-grade timber in Pursat’s Kravanh district on Friday, local officials said.
More than 25 police officers, forestry administration officials and environment ministry officers conducted the operation, which found
Phak Seangly
http://www.phnompenhpost.com/national/timber-cache-hidden-plantation
Mortgage loans see extension
CIMB Bank announced over the weekend that it will enlarge mortgage loans provided to clients, going from 70 per cent last year to 80 per cent financing of the total purchase price of properties for 2013.
Heng Thida, head of retail financial services for the Malaysia-based
Landmines kill 19 people in Cambodia in 8 months
PHNOM PENH, Sept. 26 (Xinhua) — Landmines have killed at least 19 people in Cambodia in the first eight months of the year, down from 26 deaths over the same period last year, the figures of the Cambodia Mine Action Center (CMAC) showed Thursday.
The latest
Xinhua
http://www.asean-china-center.org/english/2013-09/27/c_132756738.htm
Cambodia sees 22 pct rise in garment exports in 9 months
Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday.
During the January-September period this year, the country had exported garment products in equivalent to $4.2
Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E
Lending at Cambodia's banks increases 17 pct in 9 months
Cambodia’s banking sector has seen 17 percent rise in lending in the first nine months of the year, the central bank’s figures showed Thursday.
The kingdom’s 34 commercial banks had provided a total loan of 6.89 billion U.S. dollars to customers by the end of September
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/21/c_132907523.htm
Japan's Yusen Logistics launches Cambodia to Osaka service
Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka.
The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes,
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmZhNDRhODA1ZDI
Budget to share the wealth: official
The amount of money to be allocated to commune-, district- and province-level governments is slated to rise next year in accordance with the government’s long-gestating attempts at decentralising its power.
Provincial- and capital-level funding will rise to about 640.8 billion riel, with 237.2 billion riel
Chhay Channyda
http://www.phnompenhpost.com/national/budget-share-wealth-official
Vietnamese Shops Worry Over Possible Violence
Vietnamese business owners and managers in Phnom Penh on Tuesday said they were concerned their shops could become potential targets of ethnically motivated violence as anti-Vietnamese sentiment among protesters increases, but added they would continue to operate as normal—for now.
In recent weeks, there has
Ben Sokhean and Joshua Wilwohl
http://www.cambodiadaily.com/business/vietnamese-shops-worry-over-possible-violence-50301/
Ministry to Question Rong Chhun Over Teachers Association
Rong Chhun, president of the Cambodian Independent Teachers Association (CITA), said Friday that he feels the teachers’ movement is under threat after he received a notice from the Ministry of Interior, summoning him to explain his work on Monday.
The letter, dated Thursday and signed by
Kuch Naren
http://www.cambodiadaily.com/news/ministry-to-question-rong-chhun-over-teachers-association-50854/
Legal actions to be taken against protest leaders: Interior Ministry
Ministry of Interior warned that legal measures would be taken against those who would hold protests, defying a ban imposed by the government.
The warning was made yesterday after the leaders of nine labor unions insisted that they would hold protests, which are scheduled for January
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NTdmZGU2OGFmMmR
