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Thai bank’s $140M offer to buy Cambodian MFI on hold

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...

Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold

Hun Sen takes a dig at US for Vegas shooting

​Even as he expressed condolences for the mass shooting in Las Vegas on Sunday that left 59 people dead, Prime Minister Hun Sen appeared yesterday to suggest that the incident was a kind of cosmic rebuke following American warnings to its citizens about safety in ...

Ben Sokhean
http://www.phnompenhpost.com/national/hun-sen-takes-dig-us-vegas-shooting

Number of deceased migrants returned from Thailand rises

Although the number of migrant workers who crossed to Thailand through the Poipet International Border Checkpoint decreased slightly from 2013 to 2014, the number of people who died while working in Thailand appeared to increase, a provincial official said this week. ...

Kuch Naren
https://www.cambodiadaily.com/news/number-of-deceased-migrants-returned-from-thailand-rises-78468/

Thai generator looking at Kingdom

Thailand-based Ratchaburi Electricity Generating Holding Pcl (RatCH) has “seriously assessed” investment possibility in neighbouring countries including Cambodia, a company statement said last Thursday. It said it had geared up for business expansion in domestic and international markets in the potential existing investment bases Laos and Australia, ...

http://www.phnompenhpost.com/2013052065705/Business/thai-generator-looking-at-kingdom.html

Despite drought, crops will come – but at a cost

This year is no different from last year and many of the previous years for the residents of Krong Stung Sen in Kampong Thom province. Rain has been scarce, and rice growers must pay to pump water from the state-owned ditches into their rice paddies. ...

Pav Suy
http://www.khmertimeskh.com/news/13457/despite-drought--crops-will-come-----but-at-a-cost/

Ministry sets dates for Diploma and Bac II exams

The Ministry of Education, Youth and Sport has announced the annual schedule for junior high school Diploma and high school Baccalaureate (Bac II) final examinations. ...

Hang Punreay
https://www.khmertimeskh.com/501275975/ministry-sets-dates-for-diploma-and-bac-ii-exams/

Exports Rise, but Value of Goods Remains Weak

Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...

http://www.camnet.com.kh/cambodia.daily/

Striking Workers Refuse Government Offer in Wage Dispute

Union leaders and striking workers on Wednesday said they would not agree to a minimum wage of $100 per month and would continue demonstrations until a higher wage is set. Government officials say they are willing to raise the minimum wage from $80 to $100 ...

Kong Sothanarith
http://www.voacambodia.com/content/striking-workers-refuse-government-offer-in-wage-dispute/1821569.html

Weighing risk and reward on construction sites

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...

Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/weighing-risk-and-reward-construction-sites

Rice farmers looking at dry spell

Farmers and exporters have expressed concerns over an Agriculture Ministry notice issued on Wednesday asking farmers to have only one harvest this upcoming dry season because of water shortages across the country, given that this could affect the paddy output next year.The ministry notice cited ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-farmers-looking-dry-spell

CNRP vexed as CPP continues to call Sokha’s presidency illegitimate

Opposition lawmakers yesterday left a meeting at the Interior Ministry exasperated, as officials from the latter continued to deem the presidency of their leader, Kem Sokha, and the vice presidency of three senior lawmakers, illegitimate, but offered no clear path to a resolution. ...

Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-vexed-cpp-continues-call-sokhas-presidency-illegitimate

‘Solvable problems’ focus of fainting review

Amid reports of increased mass-fainting incidents in Cambodia’s garment sector, workers, employers and government officials gathered in Phnom Penh yesterday for a roundtable discussion on the issue. The conference, which was organised by the Cambodian Center for Independent Media, identified issues such as workday lengths and ...

Mom Kunthear
http://www.phnompenhpost.com/national/%E2%80%98solvable-problems%E2%80%99-focus-fainting-review

UN rights office voices concern at clampdown on political activism in Cambodia

The United Nations human rights office expressed concern today over a worsening climate for opposition politicians and activists in Cambodia, and stressed that the right to peaceful assembly and to freedom of expression belongs to all. ...

Big News Network Staff
http://www.bignewsnetwork.com/news/238122383/un-rights-office-voices-concern-at-clampdown-on-political-activism-in-cambodia

Factory ordered to clean act

The Ministry of Labour has ordered management at a Kandal province garment factory to clean their workroom and limit employees’ overtime hours, in response to over 100 workers fainting over two days. During a visit to King First Industrial Co, Ltd’s Kandal location yesterday, Seng Sakada, ...

Mom Kunthear
http://www.phnompenhpost.com/national/factory-ordered-clean-act

Japan to strengthen local SME’s capacities

The Japan International Cooperation Agency (JICA) announced yesterday that it will provide technical support for Cambodian small and medium-size enterprises (SMEs), strengthening their capacities through the establishment of a national policy, officials said. Meng Saktheara, director-general of the General Department of Industry at the Ministry of ...

http://www.phnompenhpost.com/2013030561745/Business/japan-to-strengthen-local-sme-s-capacities.html

Committee Formed to Sell Off Mfone’s Assets

The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...

http://www.cambodiadaily.com/business/committee-formed-to-sell-off-mfones-assets-22715/

Mass firing at Xin Fang factory

In a mass firing the scale of which has not been seen since January, Phnom Penh’s Xin Fang garment factory yesterday terminated 106 employees for protesting in front of the factory. Management at the Por Sen Chey district factory on Thursday already sacked nearly 30 striking ...

Mom Kunthear
http://phnompenhpost.com/national/mass-firing-xin-fang-factory

Thousands expected at municipal court in support of 23

Union leaders say they expect upwards of 1,000 people to jam the streets around Phnom Penh Municipal Court on Friday in a show of support for 23 unionists, workers and bystanders who are on trial for their alleged part in violent protests in Pur Senchey ...

Mech Dara
http://www.cambodiadaily.com/news/thousands-expected-at-municipal-court-in-support-of-23-57342/

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