Siem Reap’s US$1bn airport delayed
No ground was broken in May on the New Siem Reap International Airport (NSRIA), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIA Co Ltd, an equal joint ...
http://www.phnompenhpost.com/index.php/2012060656613/Business/siem-reaps-us1bn-airport-delayed.html
Public, Private Sector Air Concerns on Growth
A lack of economic diversity, faith in the banking sector and slow growth in vocational training and education topped the list of concerns among economists and investors yesterday at a meeting organized by the Asian Development Bank (ADB) and the government. According to data released ...
Missing Land Protesters Were Arrested, Charged With Fraud
Two men from Kratie province who were removed from a vehicle on Tuesday while traveling to Phnom Penh to demonstrate at Prime Minister Hun Sen’s house over a land dispute, have been arrested by internal security police and charged with fraud, an official said yesterday. Sless ...
PTT signs agreement to set up retail oil venture in Myanmar
PTT Plc, the national energy conglomerate, is moving forward with plans to establish a retail oil business in Myanmar by working with a local partner Currently, oil consumption per head in the neighbouring country is very low at 38 litres annually, compared to 140 litres in ...
Migrant worker policy set to change: ministry
The Cambodian government has developed six prakases related to a controversial sub-decree that regulates the recruitment of migrant workers, but it cannot yet release the details, a Labor Ministry official said yesterday. On the sidelines of an ASEAN meeting in Siem Reap aimed at curtailing migrant worker abuses, Seng Sakada, ...
Rights groups wary of ban on internet cafés
Rights workers cautioned yesterday that a sweeping ban on internet cafés near schools was little more than a thinly veiled act of censorship. Issued last month by the Ministry of Post and Telecommunications, the circular says all internet cafés within 500 metres of a school must ...
http://www.phnompenhpost.com/National/rights-groups-wary-of-ban-on-internet-cafes.html
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
Hospitality sector booked out for Lunar New Year
When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...
Minimum wage may rise for Cambodian garment workers
The Cambodia’s Ministry of Labour has scheduled a meeting on February 26 with representatives of various unions to discuss the new minimum wage for garment workers in the country. However, the Ministry expects the various workers’ unions to agree on what the new wage should ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=120969
Hun Sen Asks Asean to Protect Migrant Workers
Prime Minister Hun Sen yesterday repeated a call for Asean countries to put a stop to the exploitation of migrant workers and urged the acceleration of efforts to provide protection for such workers. At the Asean Summit last month, Mr. Hun Sen said that protecting the ...
Global insurers expanding in Southeast Asia turn to Cambodia
Two global life insurers are opening offices in Cambodia, one of Southeast Asia’s few untapped insurance markets, as they strengthen their foothold in a region that could eventually be a key driver of revenue growth. Britain’s No. 1 insurer Prudential said on Monday it won in-principle ...
http://uk.reuters.com/article/2012/07/04/cambodia-insurance-pru-manulife-idUKL3E8I32H220120704
Union Official Forced to Sign ‘Confession’
A union representative who was beaten and detained by police during a protest Wednesday was released after being forced to sign a statement taking responsibility for starting a fight with authorities, union officials said yesterday. A bloodied Rong Panha, a representative of the Cambodian Alliance of ...
Campu and Acleda Post Strong Earnings for First Six Months
Despite being downgraded by Moody’s just over two months ago, profits at Cambodian Public Bank (Campu) and Acleda Bank—two of the largest banks in the country—increased by about 50 percent during the first half of the year, according to figures provided by the banks yesterday. In ...
New home not where the heart is for Xayaburi locals
For the past several days, Boonma and seven other Houay Souy villagers have travelled back to their homes near the Xayaburi Dam building site on the Lao side of the Mekong River. Since the beginning of the year they have been relocated to a new ...
Xayaburi construction forging ahead
Construction of the main structure of the supposedly on-hold Xayaburi dam could begin by the end of this year, the Thai company contracted to build it said yesterday. Ch Karnchang chief executive Plew Trivisvavet said preparatory work at the site of the proposed US$3.8 billion, 1,285-megawatt ...
New Judge Appointed to Keat Kolney Land Dispute Case
The Ratanakkiri Provincial Court will appoint a new judge to process complaints filed by ethnic Jarai minority villagers against a firm owned by Keat Kolney, the sister of Finance Minister Keat Chhon, regarding a land dispute that has now dragged on for more than five ...
Security puts construction on hiatus
Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence. “Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our ...
Cambodia Unsuccessful in Bid for UN Security Council Seat
The U.N. General Assembly’s vote for the Asia-Pacific non-permanent seat on the Security Council went to the wire yesterday night, as a second ballot had to be held when none of the contenders, Cambodia, South Korea and Buthan, won a clear two-thirds majority. After the ...
National Road 1 prices on the rise
Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...
http://www.phnompenhpost.com/index.php/Real-Estate/national-road-1-prices-on-the-rise.html
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 ...