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Sea dispute still in limbo

A code of Conduct governing the South China Sea remains only an “eventual” prospect, Prime Minister Hun Sen said yesterday, despite it dominating discussions during this week’s ASEAN Summit. From the beginning of Monday’s Foreign Ministers’ Meeting, the question of China’s potential involvement in the drafting ...

http://www.phnompenhpost.com/index.php/2012040555452/National-news/sea-dispute-still-in-limbo.html

A downside to economic success

Experts warn that Cambodia’s imminent move up to lower-middle income status could lead to a drop in foreign aid and economic assistance. While the status upgrade would affirm Cambodia’s economic openness, higher wages and increasing foreign investment, it could also lead developed countries to scale ...

Ananth Baliga
http://www.phnompenhpost.com/business/downside-economic-success

Bonsues 'won't' end strikes

A pay rise for the nation’s garment workers is imminent, but if recent strikes are anything to go by, the US$10 monthly increase from September 1 won’t be enough to stop them from walking off the job. Central to the demands of strikers at four garment ...

http://www.phnompenhpost.com/index.php/2012082858320/National-news/bonuses-wont-end-strikes.html

Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia

Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...

http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html

Timber Firm's workers back

Employee at timber company Angkor Flywood in Kampong Cham province will return to work today after their bosses agreed yesterday to all but one of their demands: an increase in wages. Sok Kin, vice president of the Building and Word Workers Trade Union Federation of Cambodia ...

http://www.phnompenhpost.com/index.php/2012091758737/National-news/timber-firms-workers-back.html

Land abuses 'threaten stability'

Cambodia’s economic land concession (ELC) policies are hindering development far more than helping it and beginning to erode the country’s hard-won stability, Cambodia’s special rapporteur warned yesterday. “As I have noted in relation to other sectors in Cambodia, the existence of the legal framework on paper ...

http://www.phnompenhpost.com/index.php/2012092658912/National-news/un-report-slams-cambodias-land-abuses.html

Cambodia eyes domestic oil production, refinery for energy security: official

Cambodia is working on three fronts to improve its energy security and supply, including the development of its first oil-producing asset, looking for ways to resolve a disagreement over disputed territory in the Gulf of Thailand, and studying the economic viability of building its own ...

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7105582

Cambodia 'must admit to logging'

At a meeting with Prime Minister Yingluck Shinawatra, Cambodian Prime Minister Hun Sen had admitted Cambodians were conducting illegal logging and that Thai authorities were right to attempt to defend their territory. On Saturday, 20 natural resource protection officials from Si Sa Ket province which borders ...

http://www.bangkokpost.com/news/local/292142/cambodia-must-admit-to-logging

Swiss doctor calls for more help to stay afloat

On vibrantly patterned straw mats, crowded around small plastic hampers of food, children – some with balloons, others with neon-coloured fans – huddle against their parents under the noon sun. But the parents are unblinking; some of the children barely have a pulse. Families have travelled up ...

http://www.phnompenhpost.com/index.php/2012061256750/National-news/swiss-doctor-calls-for-more-help-to-stay-afloat.html

Investors from Korea relocate to Cambodia

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...

http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html

Philippines and Cambodia in South China Sea row

The Philippines has summoned Cambodia’s ambassador over comments linked to Manila’s territorial row with Beijing. Hos Sereythonh was asked to explain remarks accusing the Philippines and Vietnam of playing “dirty politics” over the issue of Asean and the South China Sea. [H]e did not turn up on ...

http://www.bbc.co.uk/news/world-asia-19073987

Firms Go to Arbitration Over Failed Gold Mining License Deal

Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...

Cambodia has great potential for FDI

An assistant to former US president Bill Clinton said Cambodia has many potential areas for foreign direct investment (FDI) from many countries, including the US. Karen Tramontano, founder, along with Clinton, and president of the Global Fairness Initiative and CEO at Blue Star Strategies, met with ...

http://www.phnompenhpost.com/2013010960687/Business/cambodia-has-great-potential-for-fdi.html

Evictees back on land

Dozens of families at Borei Keila have moved back on to land they were evicted from last year, despite intimidation and threats of arrest by security forces employed by developer Phan Imex. Earlier this month, security guards tore down the shelters of 12 families who had ...

http://www.phnompenhpost.com/2013032664678/National/evictees-back-on-land.html

ASEAN power chiefs to follow up power grid plan

Leaders of ASEAN power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening ...

http://www.chinadaily.com.cn/world/2013-05/23/content_16525904.htm

BUSINESS IN BRIEF 26/8: Cross-border trade with Cambodia on the rise

Cross–border commodity exchange between Vietnam and Cambodia is thriving thanks to 1,270km of shared border, 10 international gates, 37 main and auxiliary border gates, and nine border economic zones. The southern province of An Giang, which lies on the Cambodian frontier, has two international and two ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/82610/business-in-brief-26-8.html

Cambodia's oil imports down 5.6 pct in first half of 2013

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm

Threats after activism: monks

Two monks living a remote pagoda in Kampong Speu province’s Oral district said yesterday that a shot had been fired at their living quarters last Tuesday in what they suspected was a threat motivated by their conservation efforts and participation in an opposition rally. Venerables Sam ...

Phak Seangly
http://www.phnompenhpost.com/national/threats-after-activism-monks

Geopacific Resources outlines rights issue, funds to advance copper project in Cambodia

Cambodian-focused Geopacific Resources (ASX: GPR) has now released its 10 for 17 non-renounceable rights issue which will raise up to A$3.0 million at $0.05, and forms part of a larger funding package. In August GPR outlined a funding package which will include an equity placement of ...

Proactive Investors Australia News Styaff
http://www.proactiveinvestors.com.au/companies/news/47714/geopacific-resources-outlines-rights-issue-funds-to-advance-copper-project-in-cambodia-47714.html

Clashes renewed at cordon

Frustrated Boeung Kak and Borei Keila community members flooded past a Daun Penh road barrier yesterday after attempting to lodge complaints with district authorities in connection with Sunday’s violence at Wat Phnom. On Sunday night, a brutal raid on a peaceful vigil of about 20 protesters ...

Phak Seangly
http://www.phnompenhpost.com/national/clashes-renewed-cordon

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