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Gov’t releases data on timber baron’s deal

Tycoon Try Pheap has collected an estimated 1,500 cubic metres of timber from Forestry Administration offices since the government in July issued his companies permission to confiscate “waste wood” from their offices and from the Ministry of Environment, according to preliminary government figures obtained by ...

Daniel Pye
http://phnompenhpost.com/national/gov%E2%80%99t-releases-data-timber-baron%E2%80%99s-deal

As two prisons are built, use of funds is questioned

Samraong City, Oddar Meanchey province – In December, Kuy Bunsorn, director-general of the General Department of Prisons (GDP), announced that ground would be broken on two new prisons in Pailin and Oddar Meanchey provinces to alleviate chronic overcrowding. Mr. Bunsorn said that the Ministry of Finance ...

Lauren Crothers and Ouch Sony
http://www.cambodiadaily.com/news/as-two-prisons-are-built-use-of-funds-is-questioned-67582/

Most are OK with the new wage, not all

After meeting with members, several labour union leaders yesterday said that they will not hold protests against the government-set garment industry minimum wage for 2015. Minister of Labour Ith Sam Heng last week approved $128 as 2015’s minimum monthly wage in Cambodia’s garment sector. The increase, ...

Mom Kunthear
http://phnompenhpost.com/national/most-are-ok-new-wage-not-all

Flag of convenience scheme retired

The days of cocaine smuggling, illegal fishing and human trafficking using ships bearing the Cambodian flag appear to have come to an end as government officials claim that, as of today, all foreign-owned ships operating through Cambodia’s “flag of convenience” scheme must be stripped of ...

Kali Kotoski
http://www.phnompenhpost.com/business/flag-convenience-scheme-retired

Villagers along Cambodia's Tonle Sap Lake Livelihood Threatened

Villagers on Tonle Sap Lake in Cambodia, who depend on fishing for subsistence, say their livelihoods are threatened by illegal commercial fishing, which continues after a government ban. And they say authorities in charge of enforcing the ban are being bribed to look the other ...

http://www.voanews.com/content/villigers-along-cambodias-tonle-sap-lake-livelihood-threatened/1524041.html

Cambodian Rubber Exports Increase 84%

Rubber exports from Cambodia increased 84 percent in the first six months of 2011 compared to the same period last year, according to figures released by Camcontrol, the government’s import-export inspection agent. Cambodia exported 21,511 tons of rubber, worth $102 million, during the first half ...

Migrant workers delayed

The Association of Cambodian Recruitment Agencies (ACRA) has delayed in sending 2,000 Cambodians to Qatar due to a lack of information about safety. The Ministry of Labour of Qatar has provided insufficient information regarding worker safety according to An Bunhak, the ACRA director. ACREA intends ...

http://www.phnompenhpost.com/index.php/2011072750659/National-news/migrant-workers-delayed.html

245,500 tons of rubber per year to be collected by 2020

Rubber production in Cambodia is expected to increase by 245,500 tons per year by 2020, according to the Ministry of Agriculture, Forestry and Fisheries (MAFF). MAFF Minister Chan Sarun said on Aug 30 that Cambodia will have 365,000 hectares for rubber production as the amount ...

http://www.etmcambodia.com/

Kingdom plans flood relief spend

Cambodia plans to spend nearly US$200 million to rebuild after the worst floods in a decade hit the country in September and October. The floods require an immediate response, Minister of Economy and Finance Keat Chhon said yesterday at a meeting of the Council for the ...

http://www.phnompenhpost.com/index.php/2011111652772/Business/kingdom-plans-flood-relief-spend.html

Fight Illegal Logging From Top, World Bank Says

Echoing longstanding calls from conservation groups, the World Bank says in a new report today that governments need to look past low-level criminals to tackle illegal logging and to follow the money the illicit trade generates instead. That trade of illegal logging generates up to $15 ...

Fasmec brings in website for SMEs

Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...

Hor Kimsay
https://www.phnompenhpost.com/business/fasmec-brings-website-smes

Cambodia working to resolve South China Sea disputes: FM

 Cambodia’s foreign minister, Prak Sokhon, has said that the country is working behind the scenes to mediate disputes between its ally China and partners in the Association of Southeast Asian Nations over the South China Sea. ...

Hul Reaksmey
http://www.voacambodia.com/a/cambodia-working-to-resolve-south-china-sea-disputes-foreign-minister/3440442.html

Ministry screening Rio athletes for Zika virus

Cambodian athletes are being screened for Zika after returning from the Olympics in Rio de Janeiro, and health officials will monitor their health for two weeks in order to minimise any possible transmission, an official with the Ministry of Health said yesterday. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/ministry-screening-rio-athletes-zika-virus

Workers ask for help after factory closed

About 1,000 workers and employees of the Victco Handbags Cambodia Industrial factory, an Adidas supplier before it abruptly suspended operations earlier this year, marched in Kampong Speu’s Samrong Tong district to the provincial hall yesterday morning to deliver a petition. ...

Mom Kunthear
http://www.khmertimeskh.com/news/25286/workers-ask-for-help-after-factory-closed/

Thai bilateral trade falls

Bilateral trade between Cambodia and Thailand fell by about 15 percent in the first four months of the year, compared to the same period last year, due to the Kingdom’s decreasing imports of oil, food and beverages from its neighbor. ...

Sok Chan
http://www.khmertimeskh.com/news/26325/thai-bilateral-trade-falls/

Gulf talks with Cambodia and oil-concession bids pushed back

Two items on the government’s energy agenda – preparations for talks with Cambodia on a solution to the countries’ overlapping claims in the Gulf of Thailand and the plan to open a 21st round of bidding for petroleum exploration and production concessions – are likely ...

http://www.nationmultimedia.com/business/Gulf-talks-with-Cambodia-and-oil-concession-bids-p-30189597.html

VN bank named in Cambodia top five

The Bank for Investment and Development of Cambodia (BIDC), a subsidiary of the Bank for Investment and Development of Viet Nam (BIDV), has been named as one of the five biggest banks in Cambodia after three years of operation BIDC general director Nguyen Van Hien said ...

http://vietnamnews.vnagency.com.vn/Economy/228887/vn-bank-named-in-cambodia-top-five.html

HLB gets nod to open bank in Cambodia

Hong Leong Bank Bhd (HLB) has received approval from Cambodia’s Ministry of Commerce to open a wholly-owned, locally incorporated commercial bank in Cambodia. HLB said with a capital of US$37.5 million (RM116.2 million), Hong Leong Bank (Cambodia) Plc will commence operations in Cambodia within ...

http://www.thesundaily.my/news/626717

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