Milled rice exports gaining traction
The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...
Visa agreement gets delayed
DESPITE some reports, Cambodian officials said Cambodia and Thailand have not yet set a date for implementing the Irrawaddy-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) single visa. Koy Kuong, spokesman for the Ministry of Foreign Affairs and International Cooperation, said a single visa scheme for all five ...
http://www.phnompenhpost.com/index.php/2012111359702/Business/visa-agreement-gets-delayed.html
Government Orders Railway Repairs to Start
The government has ordered French construction firm TSO (Cambodia) Co. Ltd. to resume work repairing the railway line between Phnom Penh and Serei Saophoan City in Banteay Meanchey province, an official said yesterday. The French firm has been contracted to rehabilitate the France-build railway – a ...
Mega-bank joins forces with Canadia
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom. The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager ...
http://www.phnompenhpost.com/2013030161679/Business/mega-bank-joins-forces-with-canadia.html
Laos taps on single visa door
Lao PDR says it will consider joining Thailand and Cambodia’s single visa scheme launched late last year saying it will help to boost Mekong region tourism. A senior official at the consular department in Vientiane told the Vientiane Times, last week, that the government would hold ...
http://www.ttrweekly.com/site/2013/03/laos-keen-to-join-single-visa/
Malaysia’s Felda mulls local crops
Malaysia-based agricultural and commodities company Felda Global Ventures Holdings is considering investing in palm oil, sugar and rubber crops in Cambodia. Felda Global head of corporate communications Izan Hussain said yesterday the company had received numerous business proposals, but had not made any decisions. “Our discussions and ...
http://www.phnompenhpost.com/2013032964774/Business/malaysia-s-felda-mulls-local-crops.html
Blackouts to end soon: EdC
Blackouts in Phnom Penh will no longer be a problem after an energy source near Sihanoukville starts providing an extra 50 megawatts of coal-fired power to the city next month, the director-general of Electricite du Cambodge (EdC) said. Keo Rottanak said by mid-June at the latest ...
http://www.phnompenhpost.com/2013052765845/Business/blackouts-to-end-soon-edc.html
Shops to close, limit hours
Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. Despite the closures, Ang Kim Eang, president of the ...
http://www.phnompenhpost.com/business/shops-close-limit-hours
Floods in Northwest as Hun Sen Issues Riverbank Collapse Warning
People living along the banks of the Mekong, Bassac and Tonle Sap rivers should exercise caution in the coming days, and be particularly aware of possible riverbank collapses as water levels are rising in Stung Treng province and elsewhere in the country, Prime Minister Hun ...
PH to import rice from Cambodia
Just recently, the Philippines government signed a memorandum of agreement (MOA) on rice trade with the Kingdom of Cambodia to pave the way for the National Food Authority (NFA) to import rice from that country for the next two years. The Department of Foreign Affairs (DFA) ...
http://www.mb.com.ph/article.php?aid=6537&sid=1&subid=1#.UWIeFaKj2xA
Micro-life insurance on rise
When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...
http://www.phnompenhpost.com/2013060466033/Business/micro-life-insurance-on-rise.html
Factory’s owner in crosshairs
Some 400 garment workers yesterday gathered outside the Ministry of Social Affairs to plead for government intervention against a factory owner who fled without paying them overdue wages three months ago. Khem Chamnan, a Free Trade Union representative from the Pine Great (Cambodia) factory in Phnom ...
http://www.phnompenhpost.com/2013070266604/National/factory-s-owner-in-crosshairs.html
Satellite cities a solution for overcrowded Phnom Penh
The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population. “Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said ...
Plan to help thousands of child labourers quit
Chan Dany, 12, wants to go to school but instead, like too many Cambodian children, has been forced to sell groceries and do housework to provide for the family. At a conference in Phnom Penh set to coincide with he 12th annual World Day Against ...
Ratanakkiri Temple Now in Land Concession
Like most millennium-old structures discovered in the forests of Cambodia, the locals had known all along about this one. Jarai minority villagers in this remote spot in Ratanakkiri province’s O’Yadaw district not only knew about it, but they revered the red-brick temple, using it as a ...
Kuch Naren and Michelle Vachon
http://www.cambodiadaily.com/news/ratanakkiri-temple-now-in-land-concession-47779/
Power couple linked to Sinohydro project
Two of the country’s most powerful and politically connected business owners are on the board of governors of the company thought to have brokered a controversial deal between the world’s largest hydropower developer and the Cambodian government, documents obtained by the Post show. Cambodian People’s Party ...
Daniel Pye
http://www.phnompenhpost.com/national/power-couple-linked-sinohydro-project
Maids still missing as deal with Malaysia nears
When Ros Srey Pich was 19, she signed a contract with a recruitment agency that would send her to work as a maid in Malaysia. The recruitment agency, Job Asia, had sourced the teenager from what is now Tbong Khmum province, telling her poor family that ...
Phorn Bopha and Matt Blomberg
http://www.cambodiadaily.com/news/maids-still-missing-as-deal-with-malaysia-nears-60302/
Expectations exceeded at new dental hospital
When Dr. Tith Hongyoeu opened Roomchang Dental and Aesthetic Hospital in a new 10-storey building on Street 184 just off Norodom Boulevard six months ago, it was the realisation of a dream come true for a poor boy from Kampong Thom province who grew up ...
Russian-Cambodian satellite venture launched
A new Russian-Cambodian digital satellite television service plans to have 400,000 subscribers in the next two years with 60 channels in Khmer, English, Russian, Chinese, Vietnamese and other languages. The venture between Russia’s General Satellite and Cambodia’s Royal Group was soft-launched last night at Sofitel, with ...
http://www.phnompenhpost.com/index.php/2012072557590/Business/onetv-satellite-venture-launched.html
Deals With China Inked
Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...
http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html