Acleda to be listed on CSX
Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-be-listed-csx
Coal-fired power plant to come online in S’ville this month
A 135-megawatt coal-fired power plant will start producing energy this month in the coastal province of Preah Sihanouk, according to a high-ranking energy official. The plant is seen as an important element in the government’s strategy to deal with the current energy shortage. ...
Chea Vannak
https://www.khmertimeskh.com/50666710/coal-fired-power-plant-to-come-online-in-sville-this-month/
Customs to get easier for certified firms
Cambodia’s General Department of Customs and Excise will begin certifying firms it deems trustworthy so that their products will have easier passage across the country’s borders, officials have said. The government is working on a program to provide “authorized economic operators” or “AEO” status on approved ...
Report Urges Better Factories to do more
Better Factories Cambodia must name and shame garment factories that abuse the labour law if it is to transform Cambodia into an ethical sourcing option, a report on the International Labor Organization initiative says. Better Factories should make monitoring reports public, according to the 10 Years ...
Luxury Hotel Resort Threatens Bokor Mountain's Biodiversity
An ongoing project to build hotels, luxury villas and a casino on Kampot province’s Bokor Mountain is a threat to the area’s unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...
Villagers facing re-eviction
Villagers evicted from the former Sambok Chab community in the capital’s Dangkor district in 2006 face eviction for the second time – this time without any compensation, evictees told the Post yesterday. According to villager Heng Pheng Chun, 26, authorities in Por Sen Chey district have ...
Group awaits eviction No. 2
Families in the capital’s Por Sen Chey district face a tense morning as they prepare for the familiar sound of authorities moving in to evict them. Nineteen families in Andong village were told in a letter from district authorities that today was the deadline for them ...
http://www.phnompenhpost.com/index.php/2012100359062/National-news/group-awaits-eviction-no-2.html
Union representatives summoned
Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...
Think Tank Says Investment Needed to Balance Growth
Government action is needed if Cambodia is to reach its potential for economic growth and address growing inequality, according to a new report from a leading local think tank. The recommendations were included in the Cambodian Development Resource Institute’s (CDRI) annual development review 2012 to ’13. ...
Partners Help Urban Food Security Project In Phnom Penh
PHNOM PENH: Fisheries Administration and FAO launch the Inception Workshop on Micro and Small Enterprise Development to Achieve Food Security, Food Safety and Self Reliance for Urban Poor in Phnom Penh, citing that it will help local community. At the workshop, H.E. Kao Sochivy, deputy director general of fisheries department said: “urban food security project ...
Bounced cheques causing concern
Military police in Siem Reap province arrested a 33-year-old woman this week on accusations of fraudulent activity involving writing a cheque at a local bank. Cheque account usage, an infrequently used service only a few years ago, is gaining traction in the Kingdom. Bank officials said fraudulent cheques ...
http://www.phnompenhpost.com/index.php/2012080357788/Business/bounced-cheques-causing-concern.html
Bangkok-Cambodia buses launched
The first buses directly connecting Thailand and Cambodia left Bangkok on Thursday, headed for Phnom Penh and Siem Reap, with the launch of a regular service to bolster tourism and economic ties between the two countries. The first airconditioned bus from Bangkok to Phnom Penh left Mor ...
http://www.bangkokpost.com/breakingnews/337029/bus-service-to-cambodia-launched
Cambodia, Japan Trade Volume Reaches $513 Million In 2011
“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And ...
Hun Sen Questions Motive Behind Criticism
Prime Minister Hun Sen again addressed recent criticism from [Surya Subedi] the U.N.’s human rights envoy to Cambodia , during a speech yesterday in Bateay Meanchey province that focused on land disputes. Mr. Hun Sen was speaking in Thma Puok district’s Banteay Chhmar commune, where he ...
Factory workers complain over low wages
Factory workers complain that their low salaries are not keeping track with the price of goods and services. Phoeun Sreyleak, 20, said she gets $70 a month including bonuses for health care and rent. “My basic wage is only $58,” she said. “My friend gets 2,000 riel ...
Hundreds Stopped in Attempt to Curb Illegal Logging on Border
Hundreds of would-be illegal loggers have been stopped this year by provincial authorities in Preah Vihear, Oddar Meanchey and Banteay Meanchey who have stopped them from crossing the border into Thailand, where Thai soldiers have killed 17 Cambodians so far this year. In Preah Vihear alone, ...
ANZ may sell Asia bank stakes due to stringent capital rules
Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ bank will meet the ...
http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815
Strikers know when to fold 'em
More than 300 workers from the Tropicana Casino and resort in Banteay Meanchey provinces’s Poipet town obeyed a court order to end striking and return to work yesterday and official said. Hong Prakorb, a provincial official for the Labour Ministry said more than 200 workers ...
Aeon considering more malls in Phnom Penh
More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...
Cassava farmers rely on Thai seed imports
Cassava farmers in Banteay Meanchey province had to import seeds from Thailand this season in response to rapidly-changing weather conditions that interfered with seed growth. Te Haing, a cassava farmer in Banteay Meanchey who planted more than 1,000 hectares this season, told the Post yesterday that ...
http://www.phnompenhpost.com/2013061766299/Business/cassava-farmers-rely-on-thai-seed-imports.html