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Crops in Peril Amid Provinces’ Ongoing Drought

Rice growing provinces such as Battambang, Kandal and Takeo are suffering a drought as monsoon rains have not affected the areas. Harvests are expected to fail or fall short of expectations if rain does not fall on the farmland within the next few weeks. 2,000 ...

OZ Minerals Future in Cambodia Still Unclear

OZ Minerals, the Australian mining company is reviewing its assets in Cambodia and is so far not planning any further work in the country. Their assessment of gold reserves in the country will be updated by the end of the year at which time the ...

Cambodia’s airports see growth in 2011

There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...

http://www.phnompenhpost.com/index.php/2011072150548/Business/cambodias-airports-see-growth-in-2011.html

‘Price Dumping’ in Telecoms Market Still Persists

The Ministry of Post and Telecommunications implemented a law preventing mobile phone service providers from selling at less than cost over a year and a half ago, though the companies are still lowering their tariffs in an effort to remain competitive in the highly saturated ...

B Kak Firm Seeks Bauxite in Mondolkiri

Bauxite reserves in Mondolkiri province abandoned by Australian mining form BHP Billiton in 2009 are now being explored by China’s Mongolia Erdos Hongjun Holding Group, the same firm that is behind the controversial development of Boeng Kak lake in Phnom Penh. Kong Pisith, director of ...

Economists See Growth Potential in Stock Exchange

Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...

http://www.voanews.com/khmer-english/news/economy-business/Economists-See-Growth-Potential-in-Stock-Exchange-126703268.html

Chinese Company Voices Interest in Cambodian Oil

Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...

Hands-on contest a hit in Cambodia

Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...

http://www.phnompenhpost.com/index.php/2011090151403/Lifestyle/hands-on-contest-a-hit-in-cambodia.html

Cambodia and UK trade surges in 2011

Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...

http://www.phnompenhpost.com/index.php/2011091451620/Business/cambodia-and-uk-trade-surges-in-2011.html

No room for strike in Siem Reap

Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...

http://www.phnompenhpost.com/index.php/2011091651696/National-news/no-room-for-strike-in-siem-reap.html

Chinese animal feed mill opens in Cambodia

A Chinese animal feed mill officially opened at the Phnom Penh Special Economic Zone (PPSEZ) on Aug 28. It is the first animal feed mill from China and the fifth animal feed factory to operate in Cambodia Cambodia has strongly depended on the imports for animal ...

http://www.etmcambodia.com/

Foreign investment needed in Special Economic Zones

According to a Sept 4 press release from the Council for Development of Cambodia (CDC), there are currently a total of 19 SEZs and most of them are situated along Cambodia’s borders with Vietnam and Thailand. Eight are fully operational with both local and foreign ...

http://www.etmcambodia.com/

Japan introduces fresh water fish in Cambodia

A group from the Japanese Fish Rearing Association led by Kazuki Nishimura met with Chan Sarun, Minister of Agriculture, Forestry and Fisheries. During the meeting Kazuki Nishimura told the minister that the Japanese Fish Rearing Association wished to introduce Japanese fresh water fish (Nishiki Koi) ...

http://www.etmcambodia.com/

Labor minister defends loophole in maids ban

The Minister of Labor yesterday defended his ministry’s much-criticized interpretation of Prime Minister Hun Sen’s ban on sending maids to Malaysia, after it allowed about 3,000 young women to still be sent abroad despite the serious risk of abuse and exploitation. Minister of Labor Vong Sauth ...

Two maids allegedly suffered abuse in Malaysia

Two new claims of abuse of Cambodian maids employed in Malaysia have emerged since Friday, including one case of a woman who returned home with severe mental trauma following alleged mistreatment by her Malaysian employer, the victims’ families said. Iy Thar, a villager from Kompong Thom ...

Food security in focus as floods recede

The government had set aside 3,000 tonnes of rice seeds to distribute to farmers whose crops were destroyed by flooding and had so far distributed 1,900 tonnes of rice to those affected by the floods in 18 provinces, the National Committee for Disaster Management said ...

http://www.phnompenhpost.com/index.php/2011110252479/National-news/food-security-in-focus-as-floods-recede.html

Fugitive directors face seven years in prison

A director and a former director of recruitment company Champa Manpower Group were sentenced in absentia to seven years’ jail yesterday for detaining three female workers in Phnom Penh last year. Chaing Sinath, presiding judge at the Phnom Penh Municipal Court, ordered that company director Sos ...

http://www.phnompenhpost.com/index.php/2011112252891/National-news/fugitive-directors-face-seven-years-in-prison.html

Villagers locked in land dispute threaten arson

Police and military police stopped about 200 villagers from entering rice fields in Battambang province yesterday, saying they had no right to harvest in the 100-hectare area because it belonged to well-known businessman Song Thon, villagers said. Chhut Mao, a 64-year-old village representative of Lvea commune, ...

http://www.phnompenhpost.com/index.php/2011113053053/National-news/villagers-locked-in-land-dispute-threaten-arson.html

Vietnamese equity fund to open in Cambodia

Dragon Capital, a Vietnam-based private equity firm, has announced that it is planning to launch a fund in Cambodia next year, the second such fund to be announced by a Vietnamese company this year. The firm’s CEO, Dominic Scriven, said that the initial fund would close ...

15 foreign investments were approved in October

Fifteen foreign investments worth $344 million were approved by the government’s investment board in October, most of which were in the garment industry, according to data obtained this week ...

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