Real estate developers warned
Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...
http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html
CSX trading postponed again until next year
Trading on the Cambodia Securities Exchange will be delayed once again until the beginning of 2012, Minister of Economy and Finance Keat Chhon said yesterday. He blamed an incomplete regulatory regime and the public’s lack of confidence in the stock market as reasons for the delay, ...
Assembly Approves 2010 Gov’t Spending
Following a three-hour debate at the National Assembly, lawmakers passed a draft law approving the $2.5 billion the government spent in 2010. During the debate, CPP lawmaker Cheam Yeap presented a 10-page document that he said justified the $2.5 billion in spending, which was 25 percent ...
Union Wants Early Pay for Workers Ahead of New Year
The Cambodian Alliance of Trade Unions (CATU) sent a letter to the Ministry of Labor yesterday requesting that all of the country’s factory owners pay workers their salary earlier than usual ahead of Khmer New Year. Workers are normally paid on the fifth to the ...
Phok Dorn, P. 20
https://www.cambodiadaily.com/archives/union-wants-early-pay-for-workers-ahead-of-new-year-66809/
Land on capital’s riverfront is opened up for investment
The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy ...
Hor Kimsay
https://www.phnompenhpost.com/business/land-capitals-riverfront-opened-investment
Unions slam Rainsy’s EU plan
Opposition leader Sam Rainsy has been in hot water since he told an EU parliamentary meeting on July 13 that he wanted them to consider decreasing garment imports from Cambodia in the hope it would pressure Prime Minister Hun Sen and his government into complying ...
Mom Kunthear
http://www.khmertimeskh.com/news/27429/unions-slam-rainsy---s-eu-plan/
Canada wants trade pact
Canada is keen to sign an investment protection agreement with Cambodia to boost trade between both countries following the visit of Canadian Foreign Minister Stephane Dion to the Kingdom last Friday. ...
Sum Manet
http://www.khmertimeskh.com/news/29361/canada-wants-trade-pact/
Jailed Unionists in factory dispute released
Two workers from a garment factory in Kompong Speu province who were charged with a slew of crimes following their attempt last month to break away from the only union operating at their factory were released from jail on Friday, a court official and union ...
Sek Odom
https://www.cambodiadaily.com/news/jailed-unionists-in-factory-dispute-released-99777/
Kingdom sees major increase in United States investment
US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...
Sok Chan
http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/
PM: Stop violence against women
The prime minister has urged government ministries and public institutions to speed up work on an action plan to prevent violence against women and children, calling for education on the issue to start from an early age. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36282/pm--stop-violence-against-women/
IFC to boost corporate governance
The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...
Post Staff
http://www.phnompenhpost.com/business/ifc-boost-corporate-governance
Union sues Mfone director for violating labor law
Free Trade Union of Workers of Cambodia said Tuesday it had sued the director of Thailand’s Mfone Co Ltd for not respecting local labor laws. In a letter issued Tuesday to the Department of Labor Disputes, the union’s deputy secretary general Sam Srey Mom accused Mfone ...
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 ...
Workplace injury rate rises
A spike in factory faintings contributed to a 65 per cent increase in the number of workplace injuries reported in 2011, a Ministry of Labour official said yesterday. Leng Tong, director of the occupational health and safety department, said the ministry plans to introduce specialist safety ...
http://www.phnompenhpost.com/index.php/2012072457581/National-news/workplace-injury-rate-rises.html
Cambodia's Garment Workers Earn Additional Wage
Cambodia’s garment workers will earn 10 US dollar additional wage from September 1, the statement from the advisory committee of labor said this week. The announcement was made after the meeting between union leaders, employers and minister of labor Vong Suth on July 11. “450,000 of 600,000 workers from 700 garment and shoe factories will get this ...
Cambodia's exports to U.S. down 1 pct in 11 months last year
Cambodia exported products in equivalent to 2.49 billion U.S. dollars to the United States in the first eleven months of 2012, down 1 percent from 2.52 billion U.S. dollars it exported at the same period a year earlier, the report of the U.S. Department of ...
Group Lease boosts Singapore unit to fund Cambodia operation
Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...
Government Expects 14.5 Percent Rise in State Revenue
The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-expects-14-5-percent-rise-in-state-revenue-46807/
Speed up FOI law, PM says
Prime Minister Hun Sen has called on the Ministry of Information to accelerate the drafting of a long-awaited freedom of information law that could see more transparency in the Kingdom’s government. According to a press release issued by the Council of Ministers after a cabinet meeting ...
Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/speed-foi-law-pm-says
Boeng Kak Activists Protest State Violence Against Women
Less than a week after she was released from prison pending a retrial on controversial criminal charges laid down last year, housing rights activist Yorm Bopha on Thursday led a march of about 500 people to deliver a petition calling on the government to end ...
Khuon Narim and Alex Willemyns
http://www.cambodiadaily.com/news/boeng-kak-activists-protest-state-violence-against-women-48194/