Toll Royal Railways expands
Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...
http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html
Ministry fires back over EU resolution
A week after the European Parliament issued a damning resolution on Cambodia’s human-rights situation and called for a revoking of trade privileges, the Ministry of Foreign Affairs has shot back. “It is essential for the EU parliament to study and better understand the situation before passing ...
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
CEOs see auto, ICT, finance sectors as top growth picks
Thai CEOs are confident that the country’s 2013 economic growth will be at least as good as last year’s level and that the automobile, information and communications technology, and financial sectors will be the star performers. The CEOs estimate that their companies’ profits this year ...
CNRP Rallies Garment Workers With Promises of Change
Speaking to hundreds of garment workers yesterday in Phnom Penh, Kem Sokha, deputy president of the Cambodia National Rescue Party (CNRP), appealed to those in attendance to vote for the newly formed opposition party, promising higher wages, social security and free access to schools and ...
Cashew nut harvest likely to decline
As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this ...
After Threats to Cut Pay, Garment Workers Strike
Nearly 2,000 workers at the Gawon Apparel Co. garment factory in Kandal province’s Takhmao City protested in front of the factory yesterday after they were informed that they would lose pay for any days missed during the commune election, which takes place Sunday, union representatives ...
Garment Workers Strike, Demand Higher Wages
About 4,000 workers at the M&V Textile factory in Kompong Chhnang province, which supplies well-known brands such as H&M and Gap, went on strike yesterday morning to demand a pay raise, a union representative said. Meas Sokhen, a representative of the Free Trade Union, said ...
China seen as potential market for Cambodia’s exports
The Commerce Minister said yesterday that China is a potential market for Cambodia’s garment exports and some other agricultural products while the traditional big markets of Europe and the United States are experiencing an economic slowdown. Cham Prasidh said at the sidelines of the Cambodia-China Trade ...
Crane removed from Gold Tower 42
Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...
http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html
Cambodia to spend 21 mln USD for July general election
Cambodia will spend about 21 million U.S. dollars to cover for the [sic] proceedings of the general elections on July 28, a senior official at the National Election Committee (NEC) said Friday. “The budget for the forthcoming elections is about 21 million U.S. dollars, up from ...
http://news.xinhuanet.com/english/world/2013-01/04/c_132080391.htm
Single Company to Run Public Buses in Phnom Penh
Phnom Penh could have a public bus system operating under a single company before the end of 2013 at the earliest, Phnom Penh governor Kep Chuktema said yesterday. Global (Cambodia) Trade Development, a joint venture between Cambodian and Chinese investors, had originally been chosen alongside South ...
Policy to expand sector
The government plans to implement an industrial policy designed to promote development of the manufacturing sector. Speaking at a business networking dinner prepared by the Cambodian Federation of Employers and Business Associations on Wednesday, Sok Chenda Sophea, secretary general of the Council for the Development of ...
http://www.phnompenhpost.com/2013031161862/Business/policy-to-expand-sector.html
More SIM cards sold, providers to shrink
Sales of SIM cards reached 19.7 million last year, a 21 per cent rise from the 16.2 million sold in 2011, data from the Ministry of Post and Telecommunication (MPTC) shows. In contrast to the use of SIM cards, the number of telco operators decreased. In ...
http://www.phnompenhpost.com/2013031861984/Business/more-sim-cards-sold-providers-to-shrink.html
Cambodia launches National Council on Green Growth
Cambodia on Tuesday officially inaugurated the National Council on Green Growth, aiming at developing a sustainable economic society with natural resource and environment sustainability. Cambodia has adopted several legal instruments for the green growth implementation. Those included the roadmap for green growth, the memorandum of ...
http://news.xinhuanet.com/english/world/2013-03/19/c_132246075.htm
Land Battle Headed to Court
Eight ethnic Tampuon villagers from Ratanakkiri’s Bakeo district will file a lawsuit at provincial court today alleging that more than 70 hectares of protected forest have been illegally cleared by a police official and six villagers from a neighbouring commune. Ting Kham Se, 52, of Laminh ...
http://www.phnompenhpost.com/2013052765851/National/land-battle-headed-to-court.html
Insuring for higher education
Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ...
http://www.phnompenhpost.com/2013042365160/Business/insuring-for-higher-education.html
Kratie Floods Displace People, Damage Crops
Hundreds of hectares of farmland have been inundated by the rain-swollen Mekong River in Kratie province’s Bos Leav commune since late last week, officials said yesterday. Bos Leav commune chief Nai Khhy said seven of the commune’s eight villages are flooded affecting more than 800 ...
Toyota seeks expansion in Cambodia, emerging markets
Toyota Motor Corp, the world’s largest automaker, is planning to expand their operations in Cambodia as well as other emerging markets. The move is a push to attract new first time-buyers of automobiles and get about half of global sales from the emerging markets. Toyota plans to ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NzdiZTIzMDNhZDQ
As Election Nears, There’s Little Help for Voters Left Off List
Yim Vivatey has cast his ballot at the same polling station in Phnom Penh’s Prampi Makara district since 2003. He has never moved and has been assigned to the same polling station number each time—351. But when the wiry 35-year-old tried looking up his name on ...