Japanese Investment in Cambodia Grows, but Hurdles Remain
Japanese Investment In Cambodia is steadily IncreasIng as a result of sharply risIng wages In ChIna and other Southeast Asian nations. But experts warned this week that for sustaIned Investment growth and to avoid drivIng Japanese companies to other attractive Investment destInations such as Burma ...
http://www.cbre.com.kh/2012/11/japanese-investment-cambodia-grows-hurdles-remain/
Innovation essential for Cambodia’s place in AEC
An official at the Ministry of industry, Mines and Energy expressed concern that if the quality of Cambodian produced goods does not improve, Cambodia is likely to become largely a retailer of foreign goods when the ASEAN Economic Community (AEC) is realised in 2015. Meng Saktheara, ...
Cambodia inaugurates China-funded road in eastern part
Cambodia on Thursday inaugurated a 133-km China-funded national road No. 8 in Prey Veng province, hoping that the road will contribute to promoting social and economic development in the country’s eastern part. The road, which connects from Prek Tamak Mekong River Bridge to Vietnam border, cost ...
Joint visa for Thailand and Cambodia in limbo
Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...
Shift in CNRP's political strategy to win elections
The Cambodian National Rescue Party is making a strategic shift in its bid to win the next election: focusing less on traditional hot-button issues like government corruption and territorial disputes, and instead offering voters a series of concrete new policy initiatives. This required clear and ...
Royal Group to Take Stake in Mining Project
A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. in an announcement to the bourse last Thurday, Geopacific Resource ...
Labor Dispute Cases Rise in Garment, Footwear Industry
The Arbitration Council heard about 230 collective labor disputes in the garment and footwear industry involving approximately 98,000 workers in 2012, a 38 percent increase from 2011, which saw 161 cases handled, according to the council. Y Samphy, training and communications manager for the council’s Arbitration ...
Hundreds of strikers block road in Phnom Penh
More than 700 workers from the International Royal Fashion garment factory, In Phnom Penh’s Dangkor district, blocked the Veng Sreng road yesterday for about four hours to show their dissatisfaction with their employer’s failure to respond to their demands. An International Royal Fashion official, ...
Oil prices hit all-time high in Cambodia
Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...
http://news.xinhuanet.com/english/business/2013-02/15/c_132169890.htm
2012 Sees Jump in Land Disputes and Grants
Economic land concessions remain a major concern, with more than 230 people arrested in 2012, an increase of more than 150 percent from the year before, according to an annual report by the rights group Adhoc. That means land conflicts have increased, Thun Saray, president ...
http://www.voacambodia.com/content/two-thousand-two-land-dispute-jump/1604014.html
Mobile Operator Beeline Reports Large Drop in Subscribers
The number of subscribers to the mobile operator Beeline plummeted by more than 400,000 in the fourth quarter of last year—the single-largest drop for the carrier since it entered the Cambodian market in mid-2009—while the average revenue per user (ARPU) increased slightly, the company’s quarterly ...
Strikes break out in wake of wage policy
Two strikes have broken out at large processing companies in the past week as employers respond to the government’s minimum wage policy with what workers say are cutbacks in conditions. Almost all the 800 Cambodian workers who staged industrial action at a seafood company in Songkhla ...
http://www.bangkokpost.com/news/local/288647/strikes-break-out-in-wake-of-wage-policy
PPWSA up again, with retail buyers moving in
The price increase for Phnom Penh Water Supply Authority shares maxed out after an hour of trading yesterday morning, the second day of operations on the Cambodia Securities Exchange. PPWSA closed up 4.84 per cent yesterday at 9,750 riel (US$2.44), climbing from 9,300 the day before, ...
City-District to Manage Self Budget in 2012
The government, this year, intends to transfer it’s budget to individual town district authorities, and to vouchsafe into their hands from 2013 onward, aiming to push forward decentralization, said an interior ministry official. The budget, of on average US$ 35,000 per year, is in process of being transferred to the individual 193 town-district authorities across ...
Teenage girl shot dead in Cambodia land protest
Security forces in Cambodia have shot dead a 15-year-old girl who was taking part in a land protest. She was demonstrating against the development of a rubber plantation on farmland in eastern Kratie province. Authorities say local residents, armed with axes and crossbows, would not vacate the ...
Cambodia-India Trade Values $85 Million In 2011
Cambodia-India trade valued $85 million last year while Cambodian exports amounted $12 million and imports from India were worth $73 million, an official said Friday. ...
Japanese Firm set to Open Plant in Poipet
Japanese electronics firm Nidec Corporation has invested about $37.5 million to establish a factory in Poipet City that will produce parts for computer hard drives ...
Two Killed in Brawl at Thai Seafood Factory
A Cambodian man and a Burmese man were killed on Monday in a mass brawl that broke out between hundreds of migrant workers at a seafood factory in Thailand, a worker and a government official said yesterday. Fighting allegedly broke out between workers at Siam international ...
In Poipet, Motorcycle Taxi Drivers Protest Police Abuse
More than 35 motorcycle taxi drivers protested in front of military police headquarters in Poipet City yesterday, calling for military police to protect them from an immigration police officer who has allegedly been shocking them with an electric baton, police and protesters said. Proem Sareom, one of the drivers protesting ...
In Phnom Penh, the Vespa Comes Back 'Officially'
“Vespa was in Cambodia before the war [and] Piaggio wanted to come back to the market in Cambodia, because the market is growing,” explained Frederic Bachelet, head of business development at Narita Vespa Co. Ltd. The company plans to break ground next week on ...