Prudential granted approval by ministry
Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...
http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html
Telco regulator launched
The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing conflicts among mobile ...
Tougher disclosure rules for resources giants
US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...
Cambodian garment workers, bloodied in crackdown, continue wage struggle
Just over a month after a brutal police crackdown on striking Cambodian garment workers left at least five people dead, the country’s unions are calling for another strike in March, increasing the likelihood of further violence. At issue is the still-unresolved question of the workers’ minimum monthly wage. Roughly 700,000 ...
Christina Larson
http://www.businessweek.com/articles/2014-02-20/cambodian-garment-workers-bloodied-in-crackdown-continue-wage-struggle
New Ministry decree aims at tourist safety
A Ministry of Tourism official said they would finalize an inter-ministerial prakas before the end of this year to enhance tourists’ safety, as previous fatal accidents have led to concerns in the tourism sector. Tith Chantha, general director of tourism at the Ministry of Tourism, said task force officials, affiliated with Tourism ...
Cambodia’s trade with China crosses $8 billion
China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501359586/cambodias-trade-with-china-crosses-8-billion/
Plans moving forward for Japanese SEZ
Cambodia is actively working to establish the Cambodia-Japan Special Economic Zone (SEZ) to attract more Japanese investment, given its current status as a key trade and investment partner, according to a press release from the Council for the Development of Cambodia (CDC). CDC first vice-president ...
Hin Pisei
https://www.phnompenhpost.com/national/plans-moving-forward-for-japanese-sez
EU organizes a seminar on food security
The Delegation of the European Union to Cambodia in collaboration with the Council for Agricultural and rural Development, Ministry of Agriculture, Forestry and Fisheries and three of the EU-funded projects (CEDAC, HKI, WHH) on October 6 organized a Food Security Project Workshop “Improving Food Security—Lessons ...
Erdos Group plans laid bare
Documents obtained by The Post have shed new light on the scale of Chinese investment connected with the controversial Boeung Kak lake real estate project. The US$98 million project in northern Phnom Penh is the smallest of Mongolia Erdos Hongjun Holding Group’s planned investments in ...
http://www.phnompenhpost.com/index.php/2011080350842/National-news/erdos-group-plans-laid-bare.html
Vietnam to invest in hotels in Cambodia
Vietnamese investors are planning to invest more in accommodation services and to build hotels in at least three provinces that Vietnamese visitors traveling to the world-knowned Angkor Wat will travel past. ...
http://www.phnompenhpost.com/2012122760497/Business/vietnam-to-invest-in-hotels-in-cambodia.html
Gold rush in Prey Lang forest
For four years now, this mineral-flecked land deep inside the Prey Lang forest has drawn thousands of small-scale seasonal miners. There are perks to working the dry season: space is one, avoiding the unofficial “taxation” system is another. For years, development agencies have urged a sweeping ...
http://www.phnompenhpost.com/2013021361348/National/gold-rush-in-prey-lang-forest.html
Villagers fear eviction looms
Villagers who fear eviction from their homes of 30 years in Kratie province travelled to Phnom Penh yesterday to plead for Prime Minister Hun Sen’s intervention. Fifteen representatives of 88 families who live close to Kratie Airport, in Kratie town’s Srei Padav village, said provincial authorities ...
http://www.phnompenhpost.com/2013030561741/National/villagers-fear-eviction-looms.html
UN,Cambodia jointly hold workshop on Sustainable Energy for All
The United Nations Development Program and Cambodian Ministry of Industry, Mines and Energy on Thursday jointly held a workshop on Sustainable Energy for All ( SE4All) in order to discuss the future of sustainable energy in Cambodia. The workshop, opened by Suy Sem, Minister of Industry, ...
http://news.xinhuanet.com/english/world/2012-12/13/c_132038593.htm
Cambodia's economy to grow by 7.2 pct in 2013, stronger in 2014: ADB
Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...
http://news.xinhuanet.com/english/business/2013-04/09/c_132295116.htm
Swine imports spell the end of good fortune for farmers
Three years ago, the high prices for pig livestock inspired Chhoeurng Sarun and many other villagers in Svay Rieng province, near the Vietnam border, to go into small-scale farming. Imports coming over from the Vietnamese and Thai borders flooded the market, and prices fell. Srun ...
http://www.phnompenhpost.com/business/swine-imports-spell-end-good-fortune-farmers
Cambodia marks Forest Day
Cambodia observed the Forest Day on Tuesday, urging people to plant trees in order to ensure the sustainability of forest and environment. The celebration was presided over by King Norodom Sihamoni and attended by Prime Minister Hun Sen and senior officials of the government, the parliament, ...
http://www.asean-china-center.org/english/2013-07/09/c_132525872.htm
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm
Micro-insurance access urged
Cambodia’s finance sector should increase insurance accessibility to its smallest lenders to help protect against indebtedness at times of disaster, an industry expert said at a conference in Phnom Penh yesterday. Speaking at the Hotel Cambodiana to an audience of industry representatives on rural entrepreneurship, Jaime ...
Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/micro-insurance-access-urged
US willing to further strengthen relations with Cambodia
Scot Marciel, visiting Principal Deputy Assistant to the U.S. Secretary of State for East Asian and Pacific Affairs met with Deputy Prime Minister Hor Namhong, Minister of Foreign Affairs of Cambodia yesterday with an aim to further strengthen relations between the two countries, Koy Kuong, ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDkxYjZjMmJiMjh
Judicial draft laws still unseen: rights groups
Two civil society organisations are calling on Prime Minister Hun Sen to publish three long-gestating draft laws on judicial reform to allow ample time for “genuine, inclusive and meaningful participation in the drafting process”. Hun Sen said in a speech last Wednesday that the three laws ...
Stuart White
http://www.phnompenhpost.com/national/judicial-draft-laws-still-unseen-rights-groups