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Weekend storms take heavy toll

A weekend storm surge that saw torrential downpours hit the capital had far more dire consequences outside of Phnom Penh, where hundreds of families were affected and at least one man was killed. At least 675 homes in eight provinces were damaged in sudden thunderstorms that ...

Khoun Leakhana
http://www.phnompenhpost.com/national/weekend-storms-take-heavy-toll

Cambodia bans trade unions from marking May Day at capital's Freedom Park

Cambodian authorities on Wednesday refused permission for the 18 opposition-aligned trade unions and associations to celebrate an International Labor Day event on May 1 at the capital’s Freedom Park. “The Phnom Penh Municipality does not allow the trade unions and associations to organize this event at ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-04/30/c_133301779.htm

Slow year for Japanese investment

The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/slow-year-japanese-investment

Amid stable outlook, Moody's confirms Cambodia credit rating

Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MmM0MmU3NmU4MmU

NGOs say selling off old land concessions is premature

The government’s announcement on Wednesday that companies looking to start rubber plantations could skirt a moratorium on new economic land concessions (ELCs) by taking over existing, dormant ones continued to make a good impression on prospective investors in town Thursday. Ly Phalla, who heads the Agriculture ...

Zsombor Peter
http://www.cambodiadaily.com/archives/ngos-say-selling-off-old-land-concessions-is-premature-53677/

Customs agreement gets green light at NA

The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...

May Kunmakara
http://www.phnompenhpost.com/business/customs-agreement-gets-green-light-na

Insurance law reform under way

The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...

Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way

As Cambodia’s financial sector grows, so do its challenges

The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s banking and microfinance sectors have seen enormous growth in recent years with ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-cambodias-financial-sector-grows-so-do-its-challenges-65414/

Representatives to meet over factory fire

Representatives for the employees and owners of a Phnom Penh garment factory gutted by a fire last month will meet at the Ministry of Labor today to try and hammer out a pay package for the workers, though a factory official said they would not ...

Mech Dara
http://www.cambodiadaily.com/news/representatives-to-meet-over-factory-fire-65988/

Thousands strike over pay at Kompong Cham garment factory

More than 5,000 workers from a footwear factory in Kompong Cham province went on strike Monday, calling on factory management to increase their benefits. The lively crowd rallied outside the Taiwanese-owned Juhui Footwear factory in Choeung Prey district, dancing to music pumped out of loudspeakers as ...

Ben Sokhean
http://www.cambodiadaily.com/news/thousands-strike-over-pay-at-kompong-cham-garment-factory-67397/

Mass firing at Xin Fang factory

In a mass firing the scale of which has not been seen since January, Phnom Penh’s Xin Fang garment factory yesterday terminated 106 employees for protesting in front of the factory. Management at the Por Sen Chey district factory on Thursday already sacked nearly 30 striking ...

Mom Kunthear
http://phnompenhpost.com/national/mass-firing-xin-fang-factory

Israeli businessmen interested in cassava investment in Cambodia

A group of investors from Israel showed their interest in investing in cassava in Cambodia, according to a statement by Ministry of Commerce. Chanthol expressed his support for this cassava investment project and recognized the importance of advance technology in agriculture production and processing to ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=ZGY4NjczNGZhNTY

Outstanding credit could reach $30B by 2020

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund. Amid such growth, banks will be challenged to drastically expand their operations and will ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/outstanding-credit-could-reach-30b-by-2020-69127/

Union leader lodges complaints over alleged death threat

Union leader Pav Sina on Monday filed a complaint with the Interior Ministry after an administrator at a Chinese-owned window factory in Svay Rieng province allegedly told three other members of his union that some factory owners were pooling money in order to have Mr. ...

Mech Dara
https://www.cambodiadaily.com/news/union-leader-lodges-complaints-over-alleged-death-threat-78559/

Youths mark Youth International Day

Representatives from worker unions, confederation and Cambodian youth rallied Tuesday at the Freedom Park to mark 15th Youth International Day. After rallying at the Freedom Park, they marched to present petitions to the National Assembly, Ministry of Education, Youth and Sport, and Ministry of Labor and ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MDUwZDc1MTRmNzB

Soldiers took our cameras, allege NGOs

Activists from two local rights groups yesterday accused soldiers in Ratanakkiri province’s Lumphat district of seizing their cameras and stopping them from investigating a land dispute. ...

Phak Seangly
http://phnompenhpost.com/national/soldiers-took-our-cameras-allege-ngos

6 break out of Ratanakkiri prison

Six inmates busted out of Ratanakkiri Provincial Prison in the wee hours of yesterday morning, police said, adding another incident to a string of embarrassing escapes at the facility over the past two years. According to a post on the National Police’s website, authorities in Ratanakkiri’s ...

Chhay Channyda
http://phnompenhpost.com/national/6-break-out-ratanakkiri-prison

Regional officials meet over rubber fall

Officials from Southeast Asia’s natural rubber-producing nations met in Kuala Lumpur yesterday for the 12th International Tripartite Rubber Council (ITRC). Cambodia, Laos, Myanmar and Vietnam (CLMV) joined ITRC core nations – Thailand, Indonesia and Malaysia – for the event, which is being touted as a joint ...

May Kunmakara
http://phnompenhpost.com/business/regional-officials-meet-over-rubber-fall

NGO Global Witness hits back at ministry

The government’s apparent unwillingness to take seriously evidence of continued large-scale illegal logging orchestrated by the Try Pheap Group is “disappointing”, Global Witness said yesterday. A report released last week by the UK-based group titled The Cost of Luxury detailed evidence, collected during an eight-month covert ...

Daniel Pye
http://www.phnompenhpost.com/ngo-global-witness-hits-back-ministry

Unions eye wage discussion

Negotiations for next year’s minimum wage in Cambodia’s garment and footwear sector are already gearing up, as union leaders prepare to meet this month to discuss what wage they will demand. During the week of June 21, union heads will hold a preliminary consensus-building meeting, said ...

Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/unions-eye-wage-discussion

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