Sumimoto Mitsui sins agreement with Acleda
One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would ...
Mobile Firms Agree to Stop Price Dumping
Cambodia’s nine mobile phone operators on Friday agreed to refrain from engaging in unfair competition by offering generous top-up bonuses aimed at increasing their market share, officials said. Mao Chakrya, director of the Telecommunication Regulator of Cambodia (TRC), said that all of the country’s operators agreed ...
http://www.cambodiadaily.com/business/mobile-firms-agree-to-stop-price-dumping-20689/
Thousands protest outside Gladpeer Garment Factory
More than 2,000 workers demonstrated in front of Phnom Penh’s Gladpeer Garment Factory yesterday, demanding a higher minimum wage and several other concessions. The workers decided to strike after the Por Sen Chey district factory did not respond to repeated requests to raise their monthly minimum ...
http://www.phnompenhpost.com/2013011560786/National/thousands-turn-out-for-strike.html
Life insurer targets low-income workers
An obscure NGO is providing life insurance coverage to low-income individuals, mostly garment workers, offering a financial safety net for the families of its policyholders, but triggering the concern of insurance regulators who take issue to its unlicensed operations. ...
Hor Kimsay
http://www.phnompenhpost.com/business/life-insurer-targets-low-income-workers
Nearly six million hectares to be protected
Minister of Environment Say Sam Al has sent a letter to the Minister of Land Management, Urban Planning and Construction asking to register nearly six million hectares of land as protected under the Ministry of the Environment. ...
May Titthara
http://www.khmertimeskh.com/news/24932/nearly-six-million-hectares-to-be-protected/
Ban on Radio Broadcasts Lifted Amid US Pressure
The Ministry of Information on Saturday lifted a ban on the broadcast of all Khmer-language foreign radio programs by FM stations during the month leading up to the July 28 national election amid swift and harsh rebuke from the U.S. and the broadcasters themselves. The ministry ...
Cambodia’s garment workers to get pay rise for 2013
Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor ...
http://www.nzweek.com/world/cambodias-garment-workers-to-get-pay-rise-for-2013-43866/
Food, beverage imports rise
Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. Government officials and representatives of the private sector ...
http://www.phnompenhpost.com/2013021361334/Business/food-beverage-imports-rise.html
National Petroleum Authority to Change Hands
The Cambodian National Petroleum Authority (CNPA), formerly overseen by the Council of Ministers, will be integrated into the Ministry of Mines and Energy, according to senior CPP officials, the latest cut to the vast portfolio of government bodies controlled by Deputy Prime Minister Sok An. Since ...
Aun Pheap and Colin Meyn
http://www.cambodiadaily.com/news/national-petroleum-authority-to-change-hands-46796/
Subedi Calls for Accountability in Meeting With Hun Sen
In a meeting with Prime Minister Hun Sen and 10 of the government’s highest-ranking officials in Phnom Penh on Wednesday, U.N. human rights envoy Surya Subedi called for the perpetrators of recent state-sanctioned killings to be held accountable for their actions. Mr. Subedi spent three-and-a-half hours ...
Lauren Crothers and Khy Sovuthy
http://www.cambodiadaily.com/news/subedi-calls-for-accountability-in-meeting-with-hun-sen-50675/
Obama leaves with words of encouragement for girls
Following First Lady Michelle Obama’s three-day visit to Cambodia to promote her “Let Girl Learn” initiative, Cambodian officials say they hope for positive changes in girls’ education. Cambodia has nearly 1.5 million female students studying at primary and high schools, he said. But only 42 ...
Neou Vannarin
http://bit.ly/1G1Ukem
Plan for EU-ASEAN summit
Minister of Commerce Cham Prasidh on Wednesday, in a meeting with the European Chamber of Commerce in Cambodia, called on delegates to host an EU-ASEAN business summit next year, according to Eurocham members who were present. The summit is expected to focus on enhancing business strategies ...
http://www.phnompenhpost.com/index.php/2011101452125/Business/plan-for-eu-asean-summit.html
Cambodia Needs $100 Million Annual Investment to Develop Energy Projects
Phnom Penh: “Cambodia is needing $ 1 billion over the years or at least 100 million annual investment to develop renewable energy projects for rural electrification in order to reduce its dependence on diesel consumption,” said Mr. Toch Sovanna, Director of Departmemnt of Energy Technique, ...
Suy Sem Set for Reinstatement as Minister of Mines and Energy
The National Assembly will vote this month to decide whether the ruling CPP’s recently removed Minister of Industry, Mines and Energy, Suy Sem, will be appointed as the new Minister of Mines and Energy, CPP lawmaker Chheang Vun said Friday. Mr. Sem’s return to his old, ...
Kuch Naren
http://www.cambodiadaily.com/news/suy-sem-set-for-reinstatement-as-minister-of-mines-and-energy-48820/
Troops rallied for PM
A day after a bipartisan election reform committee put the neutrality of proposed areas of reform, Defence Minister Tea Banh reiterated that the armed forced would not tolerate opposition supporters calling for Hun Sen to step down. ...
Vong Sokheng, P.2
http://phnompenhpost.com
Uneasy calm in Bavet as factories ordered shut
BAVET CITY, Svay Rieng province – The government has ordered all factories here to shut down until Thursday at the earliest in a bid to keep escalating strikes from spiraling out of control and spreading nationwide. “[Provincial] Governor Chieng Am said in a meeting yesterday [Monday] ...
Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/uneasy-calm-in-bavet-as-factories-ordered-shut-57723/
Industry urged to go green
Small and medium-size enterprises (SME) have been urged by the Cambodian government to employ more environmentally friendly practices at a green industry workshop in Phnom Penh yesterday. Cham Prasidh, minister for the Ministry of Industry and Handicrafts, said SMEs and handicraft producers’ reliance on fossil fuels ...
Chan Muyhong
http://www.phnompenhpost.com/business/industry-urged-go-green
E-Commerce Law goes ahead with WB funding
A draft law on e-commerce that would regulate electronic trade in Cambodia will arrive at the Council of Ministers in August, following revision by two other state institutions, officials at the Ministry of Commerce said Wednesday. Orm Dararith, director of the Ministry of Commerce’s legal department, ...
Hul Reaksmey
http://www.cambodiadaily.com/business/e-commerce-law-goes-ahead-with-wb-funding-60518/
Gov’t releases data on timber baron’s deal
Tycoon Try Pheap has collected an estimated 1,500 cubic metres of timber from Forestry Administration offices since the government in July issued his companies permission to confiscate “waste wood” from their offices and from the Ministry of Environment, according to preliminary government figures obtained by ...
Daniel Pye
http://phnompenhpost.com/national/gov%E2%80%99t-releases-data-timber-baron%E2%80%99s-deal
As two prisons are built, use of funds is questioned
Samraong City, Oddar Meanchey province – In December, Kuy Bunsorn, director-general of the General Department of Prisons (GDP), announced that ground would be broken on two new prisons in Pailin and Oddar Meanchey provinces to alleviate chronic overcrowding. Mr. Bunsorn said that the Ministry of Finance ...
Lauren Crothers and Ouch Sony
http://www.cambodiadaily.com/news/as-two-prisons-are-built-use-of-funds-is-questioned-67582/