Bank Accounts Rare in Cambodia, Even for Rich
Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...
http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/
Stevia Nutra Corporation Set to Launch Stevia Propagation Centre in Cambodia
Stevia Nutra Corporation — (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...
Firms relocating for cheaper labour costs
Industrialists have raised concerns that the higher minimum wage is a key factor driving many labour-intensive manufacturers to relocate to less developed neighbouring countries. At a seminar on investment strategy in Cambodia, Laos, Myanmar and Vietnam held yesterday by the Board of Investment of Thailand (BOI) ...
Boeung Kak Resolution Speeds on
Responding to a new plan put forward by members of the Boeung Kak community and NGOs last month, Phnom Penh Municipal Hall announced on Friday that it had drawn up a list of all families who remain excluded from the 12.44 hectares Prime Minister Hun ...
http://www.phnompenhpost.com/2013061066166/National/boeung-kak-resolution-speeds-on.html
Firm plans more bus lines
Chinese firm Global (Cambodia) Trade Development will launch several more city bus lines in Phnom Penh over the next 10 months, dramatically expanding what has so far been a successful experiment to introduce mass transit to the capital, the company and state media said yesterday. Lin ...
Vong Sokheng
http://www.phnompenhpost.com/national/firm-plans-more-bus-lines
Labor ministry to inspect migrant worker recruitment agencies
The government today will begin strict inspections of agencies that recruit workers to send overseas, Labor Minister Ith Sam Heng said Tuesday. The labor minister has previously threatened to suspend or revoke the licenses of agencies that do not comply with labor laws. Speaking at a workshop ...
Matt Blomberg
http://www.cambodiadaily.com/news/labor-ministry-to-inspect-migrant-worker-recruitment-agencies-54925/
Bus strike, part deux
Striking Phnom Penh Sorya Transportation bus service workers demonstrated with fired employees outside a company garage in Russey Keo district yesterday and threatened to lead others off the job again if a deal on contracts can’t be brokered by the Ministry of Labour and company ...
Mom Kunthear
http://www.phnompenhpost.com/national/bus-strike-part-deux
Laos draws ire of neighbors with Mekong River dam plans
Laos will push ahead with its ambition to become the “battery of Southeast Asia,” planning a Mekong River dam that has drawn opposition from neighbors and threatens to involve China and the U.S. Four Mekong River nations are scheduled to meet June 26-27 in Thailand to ...
Bloomberg News Staff
http://www.businessweek.com/news/2014-06-03/laos-draws-ire-of-neighbors-with-mekong-river-dam-plans
Cambodia Rice Federation (CRF) Launched to Help Nation Reach Annual Rice Export Target of One Million Tons by 2015
Cambodia officially announced the creation of the Cambodia Rice Federation (CRF) to improve competitiveness, promote trade, and increase investment in the rice sector, according to comments from the Prime Minister. Board elections are expected to take place Mrch 24 and the chairman is limited to ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-rice-federation-crf-launched-help-nation-reach-annual-rice-export-target-one
Democratization in Cambodia in retreat following violent 2013
Democracy is in retreat since July’s national election as the ruling CPP has increasingly used armed forces to protect its grip on power and stubbornly refused to reform state institutions, the Committee for Free and Fair Elections in Cambodia (Comfrel) said in a new report ...
Lauren Crothers
http://www.cambodiadaily.com/news/democratization-in-cambodia-in-retreat-following-violent-2013-56145/
Unions drum up strike support
At the site where security forces shot dead at least four people during a nationwide strike on January 3, union leaders yesterday passed out fliers encouraging workers to join a stay-at-home strike after Khmer New Year. When workers filed out of Canadia Industrial Park’s gates for ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/unions-drum-strike-support
Phnom Penh makes top 5 of Knight Frank real estate index
Phnom Penh has earned one of the top spots in a new report tracking prices of residential and commercial real estate across the region. The Knight Frank Asia Pacific Prime Asia Development Land Index, which the global real estate consultancy has hailed as a market first, ...
Post Staff
http://www.phnompenhpost.com/real-estate/phnom-penh-makes-top-5-knight-frank-real-estate-index
Opportunists join queue for Kratie land concession
With authorities in Kratie province beginning to hand out plots of land on a social concession to 301 families involved in a high-profile dispute resolved last week, villagers at the center of the dispute said Tuesday that opportunists are joining the queue. Since Sunday, authorities have ...
Aun Pheap
http://www.cambodiadaily.com/news/opportunists-join-queue-for-kratie-land-concession-60446/
Cambodia, ILO jointly launch job services, labor market information project with Chinese aid
Cambodia and the International Labor Organization (ILO) on Thursday launched a new project to expand job services and improve labor market information with funding from China, according to an ILO media statement. The ILO/China South-South Cooperation Project to Expand Employment Services and Enhance Labor Market Information ...
Global Times News Staff
http://www.globaltimes.cn/content/837853.shtml#.UtiSiRCSxqU
Criticism of judicial law grows
Surya Subedi, the UN special rapporteur on human rights in Cambodia, added his voice yesterday to the growing chorus of criticism aimed at three draft laws on Cambodia’s judiciary that sailed through the National Assembly last week. Subedi – who had previously championed the laws as ...
Stuart White
http://www.phnompenhpost.com/national/criticism-judicial-law-grows
Questions over spending plan
The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...
May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan
Unions want arbitration council deal renewed
Trade unions at either end of the political divide Wednesday said they were eager to renew their agreement with garment factories to abide by the rulings of the country’s Arbitration Council, with some changes, despite a new report showing that both unions and employers often ...
Zsombor Peter
http://www.cambodiadaily.com/business/unions-want-arbitration-council-deal-renewed-65410/
PM says BRICS bank to ease dependency
Prime Minister Hun Sen yesterday applauded the recent creation of the BRICS New Development Bank (NDB), saying it could ease Cambodia’s dependence on institutions such as the World Bank and the International Monetary Fund (IMF). BRICS member nations Brazil, Russia, India, China and South Africa announced ...
May Kunmakara
http://www.phnompenhpost.com/business/pm-says-brics-bank-ease-dependency
Japan bank to join hands with Cambodia
Japanese regional bank Shiga Bank said that it will join hands with major Cambodian bank Canadia Bank Plc by the end of the month to gain access to economic information in the Southeast Asian country to provide to Japanese companies. It will be the first partnership ...
Bangkok Post News Staff
http://www.bangkokpost.com/business/news/446702/japan-bank-to-form-tie-up-with-cambodia-bank
Keeping women out of the work force is economic nonsense
Gender equality is “humanity’s biggest project,” Lakshmi Puri told the U.N. this past week. Puri, the deputy executive director of U.N. Women, wants to achieve “Planet 50-50” by 2030. When it comes to the workplace, equal employment opportunities aren’t just a benefit to women. Several new ...
Thomas K. Grose
http://n.pr/1CfvrKL