Loans and deposits up 30%
Outstanding loans and deposits made at Cambodian banks grew by 32 per cent and 28 per cent respectively at the end of March this year from a year earlier, according to data from the National Bank of Cambodia (NBC). The data from the NBC that the ...
http://www.phnompenhpost.com/2013053065929/Business/loans-and-deposits-up-30.html
Arbitration’s cost and value
The Arbitration Council Foundation, credited with helping resolve about 1,700 industrial disputes, has reached verbal agreement with a Swedish aid agency to receive funding until the end of 2016, a spokesman said yesterday. But members of the labour-dispute resolution body desire a more permanent solution that ...
Sean Teehan
http://www.phnompenhpost.com/national/arbitration%E2%80%99s-cost-and-value
Pits and quarries mining license
Source: Joint proclamation no. 1451 on Ministry of Mines and Energy’s public service and penalty fee ...
Pits and quarries mining license
Source: Joint proclamation no. 1451 on Ministry of Mines and Energy’s public service and penalty fee ...
Pits and quarries mining license
Source: Joint proclamation no. 1451 on Ministry of Mines and Energy’s public service and penalty fee ...
Pits and quarries mining license
Source: Joint proclamation no. 1451 on Ministry of Mines and Energy’s public service and penalty fee ...
Business boom depletes forests
During the past four years, Cambodia has seen drastic decreases in rare species of trees due to illegal logging, community research from the National Resource Protection Group indicates. If continued unabated, illegal logging threatens to wholly deplete Cambodia’s rare tree species, Chut Wutty said. Cambodia’s ...
Sesan Dam Law Approved
Cambodia’s parliament on Friday approved a law providing financial guarantees for the developers of a planned hydropower dam on a Mekong River tributary, despite opposition from civil society groups seeking to delay the project. Villagers campaigning against the Lower Sesan 2 dam in northeastern Cambodia’s Stung ...
Inside the North Korean museum in Siem Reap
For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...
http://www.phnompenhpost.com/2013010260590/National/inside-the-north-korean-museum-in-siem-reap.html
Rubber Firm Clears Kreung Land, Sparking Latest Complaint
Representatives of nearly 200 ethnic Kreung families living in Ratanakkiri province’s O’Chum district on Tuesday filed a complaint with local rights group Adhoc, accusing a Vietnamese rubber company of clearing their ancestral land, local officials and a rights worker said. Chhay Thy, provincial investigator for Adhoc, ...
http://www.cambodiadaily.com/news/rubber-firm-clears-kreung-land-sparking-latest-complaint-11876/
Gov’t revenues rise 11 pct
Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...
http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html
Asian garment industry to undergo further segmentation
The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...
http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm
World Bank Blocks Firm After Cambodia Project Probe
A bribery investigation by the World Bank has discovered misconduct by a major Canadian construction firm that was awarded a $5 million contract to help expand access to electricity in rural Cambodia, the bank said. In December 2009, SNC-Lavalin announced that it has been awarded ...
http://www.cambodiadaily.com/news/world-bank-blocks-firm-after-cambodia-project-probe-19199/
Vietnam invests in largest sugar project in Cambodia
The largest complex of sugarcane, ethanol and thermal power plants in Cambodia was inaugurated in Okrieng commune, Sombour district, Kratie province on May 26. Addressing the ceremony, Cambodia’s Deputy Prime Minister Yim Chay Ly emphasized that the complex inauguration in Kratie was the outcome of the ...
Real Wages in Garment Sector Fell Over 10 Years
Wages for Cambodian garment workers decreased by more than 20 percent in real terms between 2001 and 2011 despite the industry’s exponential increase in exports, which in 2012 were valued at more than $4 billion, according to a recent report by a U.S.-based workers advocacy ...
http://www.cambodiadaily.com/news/wages-in-garment-sector-fell-22-over-10-years-34788/
Ethical Sugar Group Suspends Tate & Lyle Over Plantations
An international group that promotes the ethical sourcing of sugar for the food and energy industries has suspended the membership of U.K. sugar giant Tate & Lyle for failing to answer complaints that it was buying from Cambodian plantations accused of stealing land from local ...
http://www.cambodiadaily.com/news/ethical-sugar-group-suspends-tate-lyle-over-plantations-35438/
Villagers claim CPP arm-twisting
About 40 families of ex-Khmer Rouge and government soldiers in Pursat province’s Veal Veng district complained to rights group Adhoc yesterday, accusing officials of forcing them to thumbprint a contract saying they would vote CPP so the party could resolve an ongoing land dispute, an ...
http://www.phnompenhpost.com/national/villagers-claim-cpp-arm-twisting
Japanese firms seek business options in Cambodia
Representatives of a dozen large Japanese companies arrived in Phnom Penh on Tuesday looking for business opportunities in the kingdom. Hidetoshi Nishimura, executive director of the Economic Research Institute for ASEAN and East Asia, led the delegation, whose members represent firms in industries such as technology, ...
Open Development Cambodia publishes Oil and Gas Blocks and Natural Protected Areas profile pages
Open Development Cambodia has published two profile pages of Oil and Gas Blocks and Natural Protected Areas. Please click here to access profile page of Oil and Gas Blocks.Please click here to access profile page of Natural Protected Areas. ...
A Dam Conundrum: Xayaburi Project Could Help Laos And Thailand, Hurt Cambodia And Vietnam
Officials in Laos announced that construction of the controversial Xayaburi dam will begin with a kickoff ceremony at the construction site Wednesday. Protests from human rights activists and environmental groups have delayed the project for 18 months, but the joint Laotian and Thai project is apparently ...