NGO Says Clothing Giants Shirked Workers
A local legal aid NGO said yesterday that American retail giant Wal-Mart and Swedish clothing brand H&M have failed to take responsibility for a shuttered supplier factory in Phnom Penh that owes its workers up to $200,000 in unpaid severance payments. The Community Legal Education Center ...
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
Preah Vihear to get new border crossing
The Cambodian government is seeking a new international border checkpoint in Preah Vihear province to link with Thailand’s Ubun province, officials say. Preah Vihear provincial governor Um Mara said officials from both countries had met to examine the possibility of opening a new international checkpoint. There ...
Silk Air celebrates 20 years in Kingdom
Nagaworld Hotel was the venue for Monday night’s occasion, exactly 20 years after the very first Silk Air flight into Phnom Penh on October 1, 1992. The event came on the same evening as the launch of Tiger Airways’ service between Phnom Penh and Singapore ...
Officials to Map Bunong Land for Communal Titles This Month
Efforts to map the ancestral land of five ethnic Bunong communities that have long sought collective property titles in Mondolkiri province’s Pech Chreada district will finally begin later this month, with funding for the project coming from the U.N., officials said yesterday. “We are working in ...
http://www.cambodiadaily.com/news/officials-to-map-bunong-land-for-communal-titles-this-month-9644/
Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
Garment maker eyes economic zone in Cambodia
The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...
http://www.chinadaily.com.cn/cndy/2012-10/23/content_15837895.htm
Mfone Profits Cut in Half in First Quarter
Thaicom Public Company Ltd., which owns a majority stake in local phone operator Mfone, announced on Friday that they have devalued the company by about $1.31 million as profits in the first quarter dropped by half. “In an effort to reflect the fair value of its ...
Maruhan Japan Bank buys stake in MFI – Sathapana
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ...
http://www.cbre.com.kh/2012/11/maruhan-japan-bank-buys-stake-mfi-sathapana/
Cambodia: Prime Minister Hun Sen Mocks Land Dispute
Cambodian Prime Minister Hun Sen mocked a group of ethnic minority villagers who tried to petition him on Friday about their land dispute in northern Cambodia’s Rattanakiri province, after they were stopped from presenting their complaint during his visit on a land-titling campaign. Hun Sen was ...
http://www.eurasiareview.com/08122012-cambodia-prime-minister-hun-sen-mocks-land-dispute/
Cambodia lures ex-Adamus executives
Former Adamus Resources executives Milan Bojanjac and Ron Heeks are plotting a return to the Australian bourse, through a deal with the Charlie Bass-backed Geopacific Resources. In a deal it said would give it access to a substantial land- holding in Cambodia, Geopacific announced plans for ...
http://au.news.yahoo.com/thewest/business/a/-/national/15760417/cambodia-lures-ex-adamus-executives/
PM to end missing link to Cambodia
Prime Minister Yingluck Shinawatra promised on Saturday to complete a missing rail link with Cambodia to foster closer ties with the neighbouring country. Ms Yingluck inspected the damaged tracks from Aranyaprathet district in Sa Kaeo to the border with Poipet in Cambodia and directed officials ...
http://www.bangkokpost.com/breakingnews/343138/yingluck-to-end-missing-link-to-cambodia
Adhoc Investigator Under Investigation for Inciting Protest
Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ...
Forest activists answer complaint in court
Eight members of the Prey Lang forest community network, summonsed to the Kampong Thom provincial court yesterday to answer a 2011 complaint, rejected its accusation that they had caused intentional damage by uprooting cassava plants belonging to Ol Ratha and maintained they had acted only ...
http://www.phnompenhpost.com/2013031561954/National/forest-activists-answer-complaint-in-court.html
Political bias alleged
Four families in Oddar Meanchey province’s Samrong town have filed a complaint with their commune hall, alleging that a military official and a village chief are trying to block them from receiving land titles because the families support the Cambodian National Rescue Party. The families and ...
http://www.phnompenhpost.com/national/political-bias-alleged
Unexploded mines found
Seven unexploded landmines were discovered last week by construction workers building a highway through Banteay Meanchey province, police said yesterday. The mines, which include an anti-tank mine and six Russian-made devices, were found buried in Thma Puok district, Banteay Chhmar commune, after heavy rains helped expose ...
Lieng Sarith
http://www.phnompenhpost.com/national/unexploded-mines-found
‘Landmark’ $100 million project gets under way
Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...
Hin Pisei
http://www.phnompenhpost.com/business/%E2%80%98landmark%E2%80%99-100-million-project-gets-under-way
Villagers protest alleged land grab
More than 150 families from Koh Kong’s Botum Sakor district were confronted by authorities when they staged a protest on Monday demanding compensation from agro-industrial giant Sinimexim Investment Co Ltd for bulldozing their plantation land. District Governor On Phearak said authorities had to intervene to uphold ...
Sen David
http://www.phnompenhpost.com/national/villagers-protest-alleged-land-grab
Summonsed seek delay
Scores of people in Preah Sihanouk province’s Kompong Seila district have asked the provincial court to delay proceedings in a case filed against them by three local businesspeople in September. The 88 people received summonses in September, but yesterday asked the court to postpone a hearing ...
May Titthara
http://www.phnompenhpost.com/national/summonsed-seek-delay
Pursat families ordered to move
Twenty-nine families living in Pursat province have been given less than a month’s notice to pack up their belongings and move off state forest grounds. Local authorities handed out the 30-day eviction order on Sunday, according to Chhorn Khorn, a resident living in Phnom Kravanh district’s ...
Pursat families ordered to move
http://www.phnompenhpost.com/national/pursat-families-ordered-move