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Maybank Cambodia aims to be in top 5 by 2015

Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...

http://www.thesundaily.my/news/340539

No Power Leads to No Water In Sihanoukville

The water shortage that has led to tens of thousands of households in Sihanoukville without running water for the past week occurred after provincial officials decided to limit power to a water pumping facility operated by the tourist town’s privately-owned distributor, a manager at the ...

http://www.cambodiadaily.com/news/no-power-leads-to-no-water-in-sihanoukville-16858/

Mfone's towers are a hard sell

Nearly a decade ago, Meng Chor inherited a rooftop rental agreement with a telecommunications firm after buying a property on Mao Tse Toung Boulevard. For $300 a month over a 10-year lease, the contract allowed the company that later became Mfone to keep the cell tower ...

http://www.phnompenhpost.com/business/mfones-towers-are-hard-sell

FAO Predicts Rice Crop to Match Last Year’s

The U.N.’s Food and Agriculture Organization (FAO) predicts that Cambodia’s rice crop this year will equal but not exceed last year’s record yield. In its July rice market monitor report, issued quarterly, the FAO said that weather conditions meant this year’s rice crop would not reach ...

http://www.cambodiadaily.com/business/fao-predicts-rice-crop-to-match-last-years-38297/

Union wary of possible crackdown

Preparing for a demonstration expected to draw thousands of garment workers this morning, Ath Thorn, president of the Coalition of Cambodian Apparel Workers Democratic Union (C.CAWDU), said yesterday that he feared the possibility of a heavy-handed military police response. About 4,000 workers gathered at SL ...

Sean Teehan
http://www.phnompenhpost.com/national/union-wary-possible-crackdown

CNRP Marches Through Phnom Penh, Delivers Petition to UN

More than 10,000 opposition CNRP supporters marched from Freedom Park to the U.N.’s human rights office in Phnom Penh on Wednesday to deliver a petition urging signatories of the 1991 Paris Peace Agreement to intervene in the country’s current political deadlock. The march marked the climax ...

The Cambodia Daily News Staff
http://www.cambodiadaily.com/elections/cnrp-marches-through-phnom-penh-delivers-petition-to-un-45737/

Report Says More Than 10 Percent of Children Are ‘Laborers’

More than 10 percent of children in the country aged between 5 and 17 work as laborers, with more than 5 percent engaged in “hazardous labor,” a situation that must be addressed by the government, the International Labor Organization (ILO) said in a report released ...

Colin Meyn
http://www.cambodiadaily.com/news/report-says-more-than-10-percent-of-children-are-laborers-48198/

Apsara Authority Moves to Offices Far From Siem Reap City

Apsara Authority officials on Tuesday began moving to their new offices far outside of Siem Reap onto land within the Angkor Archaeological Park as part of a swap with the city’s provincial government, officials said. The move comes after Prime Minister Hun Sen ordered Siem Reap’s ...

Kuch Naren
http://www.cambodiadaily.com/news/apsara-authority-moves-to-offices-far-from-siem-reap-city-42132/

Cambodian ambassador speaks highly of mutual exchanges with Vietnam

This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...

Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NTQ0YTNhY2QzOTQ

Special Economic Zone Strike in Svay Rieng Ends—For Now

An estimated 30,000 garment factory workers will resume work this morning after three days of strike action ended Wednesday when Svay Rieng provincial officials promised to help the strikers achieve their demands from factory owners. The mass strike led the owner of the Tai Seng Special ...

Aun Pheap and Phann Ana
http://www.cambodiadaily.com/news/special-economic-zone-strike-in-svay-rieng-ends-for-now-49469/

China fuels Cambodia’s airline growth

The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/china-fuels-cambodias-airline-growth/

ADB Admits Fault in Rail Project, Pledges Compensation

The Asian Development Bank (ADB) has for the first time admitted to major flaws in its efforts to protect the roughly 4,000 families losing land to a $143 million project it is funding to rehabilitate Cambodia’s dilapidated railway system. On Friday, the ADB said it would ...

Zsombor Peter
http://www.cambodiadaily.com/news/adb-admits-fault-in-rail-project-pledges-compensation-51210/

Kratie villagers block road after officials torch homes

Police and military police in Kratie province’s Snuol district on Wednesday burned to the ground 56 homes they said were on protected land, causing displaced villagers to block National Road 76 in protest for four hours, officials said. Snuol district Governor Kong Kimny said Thursday that ...

Aun Pheap and Ben Sokhean
http://www.cambodiadaily.com/news/kratie-villagers-block-road-after-officials-torch-homes-52232/

Ministry of Environment decides to move office again

The Ministry of Environment will relocate its offices to a plot of land near NagaWorld Hotel and Casino in Phnom Penh’s Chamkar Mon district after its planned new headquarters in Meanchey district were declared too far from the city’s center by the new environment minister, ...

Khy Sovuthy
http://www.cambodiadaily.com/news/ministry-of-environment-decides-to-move-office-again-53144/

Aeon microfinance booms with mall on horizon

When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...

George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/

Islands up for grabs

More than 180,000 hectares on 28 of Cambodia’s 64 islands were reclassified as state private property for 31 companies seeking land concessions between 2008 and 2010, government sub-decrees reveal. The reclassification sub-decrees, compiled by investigators at the rights group Adhoc, pave the way for firms to ...

http://www.phnompenhpost.com/index.php/2012081758150/National-news/cambodias-islands-up-for-grabs.html

CPP Senator’s Sugar Plantation Land Dispute Case Goes to Trial

Describing a 5,000-hectare land dispute between Koh Kong villagers and a sugar company owned by CPP Senator Ly Yong Pgat as “a complicated case,” Koh Kong Provincial Court has decided to try it before a three-judge panel, a lawyer for the villagers said yesterday. The ...

More competition from Thai millers

Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders. Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 ...

http://www.phnompenhpost.com/index.php/2011080350827/Business/more-competition-from-thai-millers.html

Inflation fuels protest over petrol prices

More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...

http://www.phnompenhpost.com/index.php/2011080850926/National-news/inflation-fuels-protest-over-petrol-prices.html

Fainting factory goes on sick-leave strike

More than 100 workers at a garment factory hit by a mass fainting incident in late July went on strike yesterday to demand the dismissal of a supervisor they accused of denying them the right to take sick leave. The strike at Hung Wah (Cambodia) Garment ...

http://www.phnompenhpost.com/index.php/2011092251804/National-news/fainting-factory-goes-on-sick-leave-strike.html

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