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Life Insurer Manulife Opens Its Office In Cambodia

Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...

http://thesoutheastasiaweekly.com/

ADB announces 3-year pipeline to boost develpment in Cambodia

The Asian Development Bank (ADB) on Tuesday unveiled its new three-year assistance plan of 525 million U.S. dollars to Cambodia in order to help the country reduce poverty, promote growth and mitigate climate change, the bank said. The plan for 2013-2015 marked the bank’s strategic focus ...

http://news.xinhuanet.com/english/world/2012-12/18/c_132048224.htm

GMAC members double

The number of companies registering to become members of the Garment Manufacturing Association in Cambodia (GMAC) doubled last year, with more investment in value-added products. GMAC said the number of new members reached 120 last year, compared with 60 newcomers in 2011. “Labour-intensive industries in China ...

http://www.phnompenhpost.com/2013013061067/Business/gmac-members-double.html

A Year on, No Sign of Donor Forum Meeting

Exactly one year after the Finance Ministry indefinitely postponed its last top-level meeting with the international aid donors, there is still no sign that the government is ready to set a new date to engage face-to-face with the country’s development partners. The forum is held once ...

Reporting on Sonando Case Shows Differences in Local Media

The 20-year jail sentence for independent radio station owner Mam Sonando made headlines around the world yesterday, but coverage of Mr. Sonando’s case was markedly different in local Khmer-language media yesterday, particularly national TV where not a mention was made. While the three major Khmer-language newspapers- ...

Cambodia Airports Funds Study of Five Airstrips

Cambodia Airports, which operates the country’s three international airports, has financed a study of five of the country’s unused domestic airstrips ahead of government plans to rehabilitate the facilities, a representative of the company said yesterday. Khek Norinda, communications manager at the Cambodia Airports, said that ...

Opposition Wants Debt Lowered in 2013 Budget

The opposition Sam Rainsy Party (SRP) has requested the National Assembly to reduce by 75 percent the amount of new debt the government is allowed to take on next year under the latest draft of the 2013 national budget. Opposition lawmaker Son Chhay, who sent the ...

http://www.cambodiadaily.com

Land Dispute Body Blames Concession Troubles on Ministries

The head of the country’s National Authority for Land Dispute Resolution on Wednesday said his authority was unable to resolve land disputes and that the responsibility for settling such disputes rested with the ministries responsible for handing out economic land concessions (ELCs) in the first ...

http://www.cambodiadaily.com/news/land-dispute-body-blames-concession-troubles-on-ministries-12099/

Bobruisk Plant of Tractor Parts and Units starts shipping machines to Cambodia

The Bobruisk-based mechanical engineering company Bobruisk Plant of Tractor Parts and Units has shipped a batch of proprietary compact tractors Belarus 321 to Cambodia for the first time, representatives of the company’s sales department told BelTA. In line with the contract, which was signed in early ...

http://news.belta.by/en/news/econom?id=708244

Urban Dwellers Face a Battle for Land Ownership Registration

People applying for land titles in urban areas are at a huge disadvantage compared to their rural counterparts due to the higher percentage of property disputes with powerful officials and businesspeople in the country’s cities, a new report on land registration has found. To improve ...

http://www.cambodiadaily.com

Cambodia’s first dairy plant

Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...

http://www.phnompenhpost.com/2013042565223/Business/cambodia-s-first-dairy-plant.html

Corruption worse than in Bangladesh: NGO

In a country where corruption is as rife as it is in Cambodia, global brands must work with governments to ensure garment factories are safe and working conditions legal, international NGO Transparency International (TI) said yesterday. In Cambodia, where two workers were killed when a ceiling ...

http://www.phnompenhpost.com/2013061266221/National/corruption-worse-than-in-bangladesh-ngo.html

Protesters Mix Petitions, Black Magic to Get Land

Sporting red bandanas and armed with the accoutrements of Khmer black magic, several hundred demonstrators representing embattled communities throughout the country held noisy protests outside several government offices yesterday, where they placed curses on corrupt officials and submitted written petitions demanding justice. Unlike previous protests that ...

http://www.cambodiadaily.com/news/protesters-mix-petitions-black-magic-to-get-land-30761/

Qatar’s maid claims amiss: gov’t

The Cambodian government has denied any agreement was signed to send women to Qatar to work as domestic workers, an official from the Labour Ministry said this week. The denial comes after a report late last month by Qatari newspaper Gulf Times – which said an ...

http://www.phnompenhpost.com/2013050965504/National/qatar-s-maid-claims-amiss-gov-t.html

Instalment payments for goods gaining purchase

AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...

http://www.phnompenhpost.com/2013051765679/Business/instalment-payments-for-goods-gaining-purchase.html

NEC Says Final Election Results Will Be Released in Two Weeks

The final results of Sunday’s national election will not be announced until mid-August, the secretary-general of the National Election Com­mittee (NEC) said Monday. The latest possible release date would be early September, Tep Nytha said, adding that the speed with which they were announced depended on ...

The Cambodia Daily
http://www.cambodiadaily.com/elections/nec-says-final-election-results-will-be-released-in-two-weeks-37399/

Bribes on rise for test takers

More than half a million dollars in bribes were paid to teachers during last month’s national exams by high school students in Phnom Penh alone, the authors of a new study have found. The study, conducted by the Youth Resource Development Program, found that the average ...

http://www.phnompenhpost.com/national/bribes-rise-test-takers

Chinatown location still unknown

Historic O’Russey Market will not be the location of a planned Chinatown development, according to Cambodia’s Tourism Minister. Tourism Minister Thong Khon said the government was looking for another site for the tourism-focused development and that O’Russey Market was not under consideration, as had recently been ...

Post Staff
http://www.phnompenhpost.com/real-estate/chinatown-location-still-unknown

Vietnamese market planned

Cambodia’s first Vietnamese wholesale market is being constructed in Phnom Penh, a Vietnamese trade officer told the Post yesterday. Tran Tu, trade attaché of the Vietnam Trade Office in Cambodia, said the new wholesale market seeks to enhance Vietnamese produce in Cambodia. The wholesale market, will be located ...

May Kunmakara
http://www.phnompenhpost.com/business/vietnamese-market-planned

Cambodian Opposition Gives Government Three-month Deadline

Cambodian opposition officials said Tuesday they will give the government three months to hold a new election, or they will lead a movement in hopes of toppling its leadership. Kem Sokha, vice president of the Cambodia National Rescue Party, said the government is harming its citizens ...

Theara Khoun
http://www.voanews.com/content/cambodian-opposition-gives-government-threemonth-deadline/1812433.html

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