Strikes at two factories stretch into weekend
More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers.
Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an
illegal
Security puts construction on hiatus
Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence.
“Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our
Villagers Accuse Police Chief of Illegal Logging
Villagers in the Prey Lang forest in Kompong Thom province have filed the complaint with the provincial court and the Forestry Administration accusing a commune police chief of involvement in logging high-grade timber, officials and villagers said yesterday.
The complaint, thumbprinted by 210 people, alleges that
No plans for Islamic banking services yet
WHILE investments from the Middle East into Cambodia are expected to increase over the next few years, the central bank here currently has no plans to launch Islamic banking services.
Recent events like Qatar Airway’s Doha-Phnom Penh flights, which launched earlier this month, have been expected
http://www.phnompenhpost.com/2013022761645/Business/no-plans-for-islamic-banking-services-yet.html
Mega-bank joins forces with Canadia
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom.
The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager
http://www.phnompenhpost.com/2013030161679/Business/mega-bank-joins-forces-with-canadia.html
Bokor Resort Helps Attract More Tourists In Kampot
Bokor Mountain: The Bokor resort located on the top of Bokor mount in Kampot, on May 3rd, was inaugurated as the government believes it capable of propelling the local economy into greater growth.
The project includes three asphalt roads of a total 49 krn along with the five-star Thansur (heaven) Bokor Highland Resort, which
Australian Gov’t Ordered Railway Investigation
The Australian government yesterday said it has been aware of poor working conditions and inappropriate surveying methods used on Cambodia’s railway rehabilitation project since February and had ordered that the project’s partners investigate the matters.
“The Australian Government was alerted to possible concerns about workplace health
Water Supply Stock Falls Back to Initial Value
The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago.
At the day’s close, stock in PPWSA
Push for trade in yuan increasing
Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds.
As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import
http://www.phnompenhpost.com/index.php/2012072557593/Business/push-for-trade-in-yuan-increasing.html
Kenya wants flights and rice imports
The Ambassador of African country Kenya, Richard Titus Ekai, told Deputy Prime Minister Sok An on Wednesday that he would like to see direct flights between Phnom Penh and Nairobi.
Sok An met Kenyan Ambassador Ekai at his office to discuss the initiative regarding direct flights
Buyers Laud Renewal of Industrial Relations Agreement
As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness.
Modeled after an earlier pact from 2010 to prevent work
Gold struck in Mondulkiri
An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the longer term.
Renaissance Minerals managing director Justin Tremain told the
http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html
Cooperatives Key to Help Farmers, Combat Hunger
The key to lifting people out of poverty could be found in the setting up of farming cooperatives, the country director of the World Food Program said on Friday, which was also World Food Day.
Jean-Pierre de Margerie, country director of the World Food Program, said
Cambodian Oil Transparency Group Sponsors Annual Conference
Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management.
The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives
http://eon.businesswire.com/news/eon/20121030005350/en/oil/gas/mining
Infrastructure spending rises
Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use.
In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public
http://www.phnompenhpost.com/2013022261558/Business/infrastructure-spending-rises.html
Export Values Up 21 Per Cent
Cambodian export values increased more than 21 per cent in the first quarter of this year compared with the same period last year, and officials said the rise was a positive sign for the Kingdom’s economic growth.
According to the Ministry of Commerce’s export data
http://www.phnompenhpost.com/2013042465194/Business/export-values-up-21-per-cent.html
Kingdom lacks engineers: minister
Because Cambodia’s youth has not focused enough on studying technical or engineering subjects, the Kingdom now faces a lack of human resources and the Ministry of Education, Youth and Sports plans to reform the country’s education system, according to the minister in charge.
Minister Im Sethy
http://www.phnompenhpost.com/2013052965901/Business/kingdom-lacks-engineers-minister.html
Kirilo Hydro station goes online
The Kirilo No.3 Hydro-power Station, located in the KOH Kong Province of Cambodia, was recently put into operation. The ribbon cutting ceremony of the Project was held on February 23, 2013 in the power station area. The Project was investigated and designed by HYDROCHINA Mid-South
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YmJiM2Y0ZTAwZWQ
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday.
Tourism is one of the sectors supporting the
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Thailand, Cambodia mull joint business, trade body
Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment.
The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of
http://www.pattayamail.com/news/thailand-cambodia-mull-joint-business-trade-body-23289
