Firm says gold deposit discovered in Mondolkiri
Renaissance Minerals announced Friday it has discovered a high-grade gold deposit in an area in Mondolkiri province that lies within the Australian firm’s Cambodian Gold Project. The new find is located about 500 meters to the northeast of the company’s Okvau exploration zone. The announcement comes ...
Workers protest job cuts at garment factory
More than 100 workers from the Horus Industry garment factory in Phnom Penh Meanchey district protested outside the Ministry of Social Affairs on Friday, demanding that the government order their employer to provide answers as to why hundreds have lost jobs at the factory. Workers say that of ...
Chartered flights from Taiwan re-launched
Chartered direct flights from Taiwan to Cambodia were re-launched on February 7 by Taiwanese airline Far Eastern Air Transport, one year after the company abruptly suspended the flights over a dispute with its Cambodian airline partner over unpaid aviation fuel. Six flights have been ...
http://www.phnompenhpost.com/2013021261307/Business/chartered-flights-from-taiwan-re-launched.html
Chinese Iron Ore Firm Paid for New CPP District Office
A Chinese mining firm has donated about $200,000 toward the building of a new district headquarters for the ruling CPP in Preah Vihear province, officials said yesterday. Kong Makara, director of the provincial industry, mines and energy office, said that Chinese company Cambodian Iron Holding and ...
Ministry, factories strike deal
About 600,000 workers in the lucrative garment and footwear industries, roughly 95 per cent of the sector’s work force, will soon take home an extra US$10 a month, the Ministry of Labour said yesterday. Barely an hour after a protest involving garment workers at the capital’s ...
Vietnam needs more nuts
Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html
New condominium launched
A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...
Interesting times for Phnom Penh office market
Worldwide, office demand stemmed from the automotive, high-tech and energy industries. The latter is evident in Cambodia, where drilling off the coast near Sihanoukville has helped to increase office demand. Thus, companies such as Total and Chevron are large office occupiers, and new Japanese oil ...
Garment sector peace sought
Prime Minister Hun Sen has called on unions, employers and the Ministry of Labour to take a collaborative approach to stamping out violent protests in the garment industry, a unionist said yesterday. During a Saturday conference involving 4,000 people from more than 60 union groups, Hun ...
http://www.phnompenhpost.com/index.php/2012043055870/National-news/garment-sector-peace-sought.html
‘Outsiders’ denied right to vote
Just under three weeks ago, residents in Pro Ma village were running for their lives as security forces opened fire on them with automatic weapons, killing a 14-year-old girl. About 1,000 police, military police and soldiers stormed their village, fired at them indiscriminately, evicted hundreds of ...
Dozens of City Offices Privatized
The government last month privatized more than a dozen department and commune offices in some prime locations around Phnom Penh, and will move many of them to Sen Sok district, according to documents and officials. A sub-decree dated June 27 and signed by Prime Minister Hun ...
Cambodia’s new tourism frontier
A year ago, getting to Sihanoukville required perseverance and a certain degree of bravery. There had been no flights to Cambodia’s premier beach resort for years — at least no scheduled services — and cruise ships docking here were few and far between Following years spent ...
http://www.bangkokpost.com/business/tourism/308486/cambodia-s-new-tourism-frontier
Railway Family Payouts Could Be Increased
The government and the Asian Development Bank (ADB) will start drafting a new resettlement plan this month that could improve the compensation on offer for some of the roughly 200 Phnom Penh families losing their homes because of rehabilitation of the country’s railway network in ...
Ministry of Labor Launches Anti-Fainting Campaign
The Ministry of Labor on Sunday launched an educational campaign aimed at preventing further mass faintings in garment factories, a ministry official said yesterday. Meng Hong, director of the ministry’s inspection and legal affairs department, said that the campaign would target more than 30,000 garment workers ...
Court sets date for new hearing in Bandith case
The Appeal Court has set a hearing date in a case against former Bavet town Governor Chhouk Bandith, who stands accused of shooting three protesting garment workers last year. In December, the Svay Rieng Provincial Court dropped charges against the official, only to see the case ...
Forest Allegedly Cleared By Company
Local authorities and Ratanakkiri provincial forestry officials yesterday visited an area in O’Yadav district where community leaders say a Vietnamese company known as “Company 72” has razed an estimated 1,000 hectares of protected forest since 2011. “The villagers complained to the authorities many times, but ...
http://www.phnompenhpost.com/2013042965293/National/forest-allegedly-cleared-by-company.html
Local banks gain trust: survey
Nearly nine out of 10 Cambodians have confidence in local financial institutions, a trend that stands in sharp contrast to Europe and the US, a poll published last week found. However, industry insiders question the results, as the Kingdom’s financial services are still under-developed. The poll ...
http://www.phnompenhpost.com/2013052765847/Business/local-banks-gain-trust-survey.html
Luxury tourism slowly on the rise
A helicopter flight tour to Preah Vihear is just one part of the 10-day Cambodia Immersion for Millionaires Tour launched this week. The cost per person? $25,000. According to Christopher Gramsch, sales manager for organiser Khiri Travel Cambodia, there is increasing demand among high-spending travellers and ...
http://www.phnompenhpost.com/2013042565220/Business/luxury-tourism-slowly-on-the-rise.html
Cambodia’s Crude Oil Imports Fall 12 pct in Q-1
Cambodia imported 412,190 tons of Crude Oil in Q-1 of Y 2013, a 12% fall compared with the 471,000 tons it imported at the same period last year, the Commerce ministry’s report showed Saturday. During the January-March period this year, the country spent US$ 397-M to ...
Brunei inks deal to buy Cambodian jasmine rice
The government of Brunei on Saturday signed a one-year contract to purchase 3,000 tons of jasmine or fragrant rice from Cambodia, the first such deal reached by the two Asian nations. The deal was inked between Pg Haji Mohd Noordin B PLP Pg Haji Mohd Said, ...
http://news.xinhuanet.com/english/business/2013-07/06/c_132517759.htm