Oz Minerals Sells M'Kiri Gold Assets
After more than three years of disappointment in its search for large gold deposits in Mondolkiri province, Australian mining firm OZ Minerals has decided to sell its Cambodian assets to another Australian company In a statement to the Australian Stock Exchange, OZ Minerals said that it ...
Strong Rains Hasten Rice Planting Across Country
Good rains have boosted rice cultivation across the country, and nearly 90 percent of farmers have completed planting their paddies, although planting in Svay Rieng province is lagging due to drought, and agriculture official said yesterday. Chan Heng, administration bureau chief of the Agriculture Ministry’s administration ...
Report Says Reforms Were Hard to Drill Home at Petrol Authority
The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...
Mobile market still growing
Cambodian mobile operators added more than 1 million new subscribers between May and July, with Smart Mobile seeing the largest percentage increase for the period, according to Ministry of Posts and Telecommunications figures obtained by the Post. Marc Einstein, a Tokyo-based analyst at research and ...
http://www.phnompenhpost.com/index.php/2011090751483/Business/mobile-market-still-growing.html
Spirited reopening for Anful
Workers at a garment factory that was temporarily shut after more than 200 women collapsed in two mass fainting incidents last week gathered yesterday at the facility in Kampong Speu province for a Buddhist ceremony intended to rid the factory of evil spirits. Pheng Songoun, a ...
http://www.phnompenhpost.com/index.php/2011110152461/National-news/spirited-reopening-for-anful.html
Mondolkiri Minority Group Granted Communal Land Title
Residents of an ethnic minority village in Mondolkiri’s Seima Protected Forest on Monday became the first community in the province to receive a communal land title, land management officials said yesterday. About 500 indigenous Bunong families from Andoung Kraloeng village in O’Reang district’s Sen Monorom commune ...
Bulldozing of crops reignites dispute
Contractors hired by Cambodian land brokers bulldozed through four hectares of villagers’ crops in Poipet town on Monday, breaching a truce contract that protected the villagers’ land until January 1 next year. According to the contract, the families residing on land claimed by 11 independent Cambodian ...
Speculators pounce on rice market as prices rise
Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice ...
http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html
Union boss adds another strike to plate
With a court date hanging over his head for his involvement in the Tai Yang factories strike in Kandal province, Cambodian Confederation of Unions president Rong Chhun yesterday intervened in another garment dispute, this time in Kampong Speu province. About 1,000 workers entered day five of ...
NagaWorld Workers Reinstated After Protests
Following six straight days of protests by hundreds of staff at NagaWorld Casino, casino management yesterday agreed to reinstate four senior workers and said they would consider increasing the entire staff’s minimum wage. Between 500 and 1,000 workers had been demonstrating over what they said were ...
Bokor resort slated to bolster Kampot tourism
Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...
Garment Protest Turns Violent After Accord Fails
Violence erupted yesterday morning during a long-running protest at a Phnom Penh factory that produces clothing for international brands H&M, Gap and Levi Strauss when about 1,000 workers broke the factory’s gate and started hurling rocks to break its windows, protesters and military police officers ...
As Cambodia Courts US Business, Old Problems Remain
As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...
CAMBODIA: INTERNATIONAL ARRIVALS INCREASED BY 24%
A report from the Tourism Ministry in Cambodia recently informed that the country witnessed a huge inflow of 2.57 million tourists in the period between January and September of this year. This is an increase of 24 percent in comparison to the same period in ...
http://www.tourism-review.com/cambodia-international-arrivals-increased-by-24--news3456
Mfone Employees Demand Unpaid Salaries
More than 100 former employees of the bankrupt mobile telephone company Mfone protested outside the firm’s shuttered offices in Phnom Penh yesterday, demanding that they receive salaries for working the month of February despite the company having already gone out of business. Mar Samoeun, 64, ...
Garment Exports Grow 15% in First Quarter
Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...
In Kompong Thom Province, Cricket Yield Skyrocketing
After years of poor yields, the cricket farmers of Kompong Thom province have more than tripled their average catch compared with the same time last year due to early rains, an agriculture official said yesterday. Ou Bunsophoan, director of the Kompong Thom provincial agriculture department, said ...
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Vietnam and Cambodia set ambitious US$5-billion trade target
Vietnam and Cambodia have set a target of US$5 billion in bilateral trade by 2015 as the countries’ economic relationship deepens. However, some wonder if such an ambitious goal is realistic, especially given the government’s desire to realize US$5 billion in annual trade with China by 2017. The goal was announced at a June 24 ...
Remittance Contributes Social And Economic Development
Cambodia, as one of the least developed countries and one of the poorest in the Greater Mekong Subregion, is an active participant in migration within the country, within the region and between the subregion and other regions. According to National Institute of Statistics in 2008, 26.52 percent of the Cambodian population ...
Dispute heats up with RCAF
Commune authorities and 41 Oddar Meanchey families Chheu Krom village staged a forum yesterday, accusing Royal Forces border soldiers of unlawfully grabbing their land and banning the villagers from farming in their area. The dispute, ongoing since 2008, has recently reached fever pitch as RCAF soldiers ...