Levi's, Gap garment workers on strike in Cambodia
Workers at a large Cambodian garment factory that makes clothes for Levi’s, Gap and other well-known international brands are striking for more pay and better working conditions. More than 5,000 workers from the Singaporean-owned SL Garment Processing (Cambodia) Ltd. failed to reach an agreement with their ...
No deal in SL Garment factory face-off
A long day of negotiations failed to resolve a factory dispute yesterday at a company that supplies to major international brands Gap, Levi’s and H&M. After more than 1,500 workers from SL Garment Processing (Cambodia) factories in the capital’s Meanchey district marched to the Ministry of ...
http://www.phnompenhpost.com/index.php/2012052356325/National-news/no-deal-in-factory-face-off.html
Canadia Bank backs a rice mill in Takeo
Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam. Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of ...
Varying Degrees of Progress Shown in Development Report
The government has made “remarkable development progress” in successfully guiding the country through the global financial crash of 2008, ensuring economic stability and enabling the government to meet the Cambodian Millennium Development Goal on poverty reduction, Prime Minister Hun Sen said yesterday. Speaking at the launch ...
Charges vague as court calls in ADHOC official
In a mysteriously vague citation, Adhoc monitorIng head Chan Saveth has been called to the Phnom Penh Municipal Court to face charges of “providIng assistance to specific perpetrators”. Although the court’s summons, which asks Saveth to appear on August 24, provides no specifics as to the ...
Vietnam holds largest-ever trade fair in Cambodia
Vietnam organized the largest- ever trade fair on Thursday, vowing to boost the bilateral trade to $3 billion this year. Speaking at the opening of the 5-day event at Mondial Center, Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnam Goods, said the ...
CAMBODIA: Rural poor lose out in land deals
Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...
http://www.irinnews.org/Report/96452/CAMBODIA-Rural-poor-lose-out-in-land-deals
Foreigners entering the condo market in Phnom Penh
The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...
More Houses Torn Down In Canal Clean-Up
Authorities in Phnom Penh’s Meanchey district continued to demolish houses in Niroth commune yesterday, despite 46 families appealing to the municipality and Prime Minister Hun Sen’s Cabinet to intervene. On Tuesday, three houses were torn down as part of efforts to clean up a stretch of ...
Firm Posts fall In Profits on Slot Machines
Entertainment Gaming Asia inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...
Lee arrives in Cambodia for regional cooperation summits
South Korean President Lee Myung-bak arrived in Cambodia on Sunday for a series of international summits, including one involving the newly re-elected U.S. president, Barack Obama, about freer trade and other cooperation issues in the region. On Monday and Tuesday, Lee will attend a trio ...
http://english.yonhapnews.co.kr/national/2012/11/16/83/0301000000AEN20121116009151315F.HTML
Work starts on two bridges in An Giang
Nhan Dan Online – The southern province of An Giang has begun construction of two bridges in Tan Chau town, as part of a bigger project linking two provincial roads with the Vinh Xuong border gate between Vietnam and Cambodia. ...
Pregnancy terminated in bid to regain old job
A woman fired from the Conpress Holding garment factory last week said she terminated her pregnancy of three months on Sunday in a desperate bid to gain reinstatement for herself and three other workers fired last week for unionising. Huk Pov, Free Trade Union president ...
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
Metfone operator forecasts $280 mln profit in 2012
Viettel (Cambodia) Co Ltd expects earnings to rise almost 10 percent to about $280 million in 2012, deputy chief Tran Le Phong said. The Vietnamese operator of the Metfone network expects to pay $60 million in taxes this year, up from $52 million last year ...
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/
Locals in the Dark to Chinese Rail Project
With two Chinese firms due to start work on a 400-km railway, steel mill and port in July, an environmental impact assessment (EIA) has yet to be conducted, and affected provinces are still largely in the dark about the massive infrastructure project. in a ceremony in ...
http://www.cambodiadaily.com/business/locals-in-the-dark-to-chinese-rail-project-7128/
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
Jarai File Complaint Over Firm Filling In Lake
Etnhic Jarai families living in Ratanakkiri province’s Kakeo district yesterday filed a complaint with the provincial court, accusing a Vietnamese rubber company of clearing their ancestral land and filling in a lake they use for fishing and irrigation. Local officials say the company intends to ...
Private residential property in Cambodia attracting foreign investors
Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...
http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html