Mfone Profits Cut in Half in First Quarter
Thaicom Public Company Ltd., which owns a majority stake in local phone operator Mfone, announced on Friday that they have devalued the company by about $1.31 million as profits in the first quarter dropped by half.
“In an effort to reflect the fair value of its
Cambodia ripe for more exports
Cambodia offers plenty of opportunities for Vietnamese exporters although there is intense competition from countries such as Thailand and China, delegates said at a conference in HCM City last Thursday.
Le Quoc Phong, general director of the Binh Dien Fertiliser Group, said the Cambodian market had
http://vietnamnews.vnagency.com.vn/Economy/226853/cambodia-ripe-for-more-exports.html
Carlsberg for Better Beer Promoter Working Conditions in Cambodia
Women sales promoters working in bars in Cambodia are occasionally exposed to harassment by customers varying from being coerced into drinking and in some cases, being subjected to sexual abuse.
Cambodia Carlsberg Group and The Danish Confederation of Trade Unions (LO) have joined forces in a
http://www.scandasia.com/viewNews.php?coun_code=dk&news_id=11060
VimpelCom may sell units in Africa and Asia
Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment
Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports.
The Financial Times newspaper says that the operator
http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm
Alleged rosewood loggers shot dead by Thai troops
Three Cambodians were shot and killed early on Saturday morning after engaging in a firefight while illegally logging along the Thai border, officials said yesterday.
The three are believed to have been shot after crossing from Battambang’s Samlot district into Thai territory while logging luxury rosewood
“The
PM Hun Sen lavishes praise on China
In his first public speech following this week’s ASEAN summit, Prime Minister Hun Sen offered lavish praise for China’s financial largesse and congratulations for its newly appointed Communist Party heads.
Speaking to thousands of villagers during a ceremony to inaugurate National Road 8 in Prey
Corruption? Not on foreign projects: PM
Prime Minister Hun Sen lashed out at unnamed critics yesterday, saying there was no corruption in large-scale development projects backed by foreign aid.
“[For example] as for the Neak Leung bridge or Kizuna bridge Japan runs its bids in Tokyo. Therefore, only Japanese companies have the
http://www.phnompenhpost.com/2013011560783/National/corruption-not-on-foreign-projects-pm.html
Businesses Told to Close for 8 Days for King Father's Funeral
Business owners in Phnom Penh’s Daun Penh district yesterday said they will not follow a government directive to close their businesses for eight days in observance of the second mourning period for the late King Father Norodom Sihanouk.
The order, which was distributed on Sunday to
Cambodia's exports to U.S. down 1 pct in 11 months last year
Cambodia exported products in equivalent to 2.49 billion U.S. dollars to the United States in the first eleven months of 2012, down 1 percent from 2.52 billion U.S. dollars it exported at the same period a year earlier, the report of the U.S. Department of
Local brokers still manipulate prices: farmers
Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates.
While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce
http://www.phnompenhpost.com/Business/local-brokers-still-manipulate-prices-farmers.html
More workers rally at ongoing Naga strike
bout 100 chefs and kitchen staff walked off the job at the capital’s NagaWorld casino yesterday as a workers’ strike at the luxury entertainment venue entered its fifth day.
More than 1,000 protesters — the majority of the casino’s workers — rallied outside the front entrance
http://www.phnompenhpost.com/2013022761629/National/more-workers-rally-at-ongoing-naga-strike.html
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
Laos, Cambodia aim to address illegal border issues
Illegal border movements, illegal logging, drug trafficking, illegal fishing and unofficial cross border trade are among the issues being confronted by Laos and Cambodia along their shared border at the moment.
The report was made during a meeting held between Champassak provincial authorities from Laos and
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzA1YzU0ODk0ZDM
Abused women’s support services to expand
Helping women find better employment opportunities is key to ensuring they feel able to report rape and sexual abuse, government and civil society representatives said yesterday.
Although Cambodian courts are prosecuting an increasing number of cases involving violence against women, economic concerns stop many from reporting
http://www.phnompenhpost.com/2013052265772/National/abused-women-s-support-services-to-expand.html
Renewable energy course powers up
Instructors at the Royal University of Phnom Penh have just finished the first academic year of a landmark physics course.
Launched in the fall of 2012, “Renewable Energy and Applications” aims to train students so they can seek internships and jobs in one of Cambodia’s fastest-growing
http://www.phnompenhpost.com/2013061366236/Business/renewable-energy-course-powers-up.html
Cambodia’s garment exports grow 17.5% in Jan-March’13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows.
Last year, Cambodia exported apparels worth US$ 4.61 billion,
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951
Nike calls for probe on Cambodian police clash with garment workers
Nike expressed “deep concerns” over the May 27 incident at the Sabrina Cambodia Garment Manufacturing plant outside Phnom Penh, in a letters to Cambodia’s commerce and labour ministers released late Friday in the United States.
Following the violence, eight workers and trade union members were
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency.
Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
Cambodian buses in Saigon to be strictly controlled
In the petition to the National Road Administration, Deputy Director of the HCM City Department of Transportation – Mr. Duong Hong Thanh, reported that at the time the Vietnam-Cambodia agreement on land transportation took effect, only 40 cars of each country were allowed to cross
http://english.vietnamnet.vn/fms/society/74337/cambodian-buses-in-saigon-to-be-strictly-control.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
