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Life on the farm at CC4

A remote jail opened more than five years ago to lessen chronic overcrowding in the prison system is also operating as a farming business, where free labour is seemingly used to yield big profits for senior staff.When Correctional Centre 4 (CC4) opened its gates in ...

May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/life-farm-cc4

Cambodia lauds new silk road

Prime Minister Hun Sen has thrown his weight behind China’s ambitious multi-billion dollar plan to revive the Silk Road, the ancient trading route crossing three continents to link China with Europe. ...

Pav Suy
http://www.khmertimeskh.com/news/16810/cambodia-lauds-new-silk-road/

Chinese firm intends to list on CSX in 2016

Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year.Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...

Sor Chandara
http://www.phnompenhpost.com/business/chinese-firm-intends-list-csx-2016

Drought weighs on fishery production target

While Cambodia’s Ministry of Agriculture, Forestry and Fisheries aims to increase fish production by 1.3 per cent this year, members of fishery organisations believe that is an unlikely target as drought conditions have tapped out natural resources. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/drought-weighs-fishery-production-target

New firm seeks to enter gold trading

Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...

Cheng Sokhorng and Kali Kotoski
http://www.phnompenhpost.com/business/new-firm-seeks-enter-gold-trading

Illegal fishing crackdown on Tonle Sap

Fishery officials are attempting to crack down on illegal fishing along the Tonle Sap in Pursat province’s Krakor district, citing the need to preserve resources for local communities whose livelihoods depend on fishing. ...

Pav Suy
http://www.khmertimeskh.com/news/25821/illegal-fishing-crackdown-on-tonle-sap/

Sweden’s ambassador presents Cambodia business opportunities

The Swedish-Thai business community was given a rare opportunity to get a heads up on the investment climate in Cambodia, courtesy of departing Ambassador of Sweden to Cambodia, Ms Anna Maj Hultgård. ...

Joakim Persson
http://scandasia.com/swedens-ambassador-presents-cambodia-business-opportunities/

Nearly 600 repatriated in nine months

In the first nine months of the year, the Ministry of Foreign Affairs and Cambodian embassies abroad have helped nearly 600 Cambodians who went to live and work abroad, legally or illegally, to return home. Foreign Ministry spokesman Chum Sounry said yesterday that the ministry and ...

Mom Kunthear
http://www.khmertimeskh.com/news/30461/nearly-600-repatriated-in-nine-months/

Divide over union law

Ten pro-government unions on Friday released statements in support of Cambodia’s recently passed Trade Union Law, just days after two independent unions held a meeting to discuss hoped-for changes to the contentious legislation. The independent unions met last week to compile a list of amendments to ...

Sen David
http://www.phnompenhpost.com/national/divide-over-union-law

Border land to be exchanged

Cambodia and Vietnam have signed a memorandum of understanding (MoU) to exchange parcels of land in provinces along the border in both countries after Joint Border Committee meetings in Ho Chi Minh City in July and last Thursday. The Vietnamese Foreign Ministry released information on its ...

May Titthara
http://www.khmertimeskh.com/news/31213/border-land-to-be-exchanged/

Three forex giants hold sway

A recent study on the role of Cambodia’s moneychangers found that three private forex traders control two-thirds of the total demand for riel currency and exert more influence on foreign currency exchange rates than the central bank, raising the possibility of collusion in fixing rates. ...

Hor Kimsay
http://www.phnompenhpost.com/business/three-forex-giants-hold-sway

New Cambodia-Thai border gate

Terminal facilities, a road connecting to National Road 5 and a bridge linking Stung Bot in Cambodia with Ban Nong Ian in Thailand will begin construction next year. The entirety of the bridge, including Cambodia’s side, will be constructed by Thailand, according to Va Sim Soriya, ...

Chea Vannak
http://www.khmertimeskh.com/news/33374/new-cambodia-thai-border-gate/

Online vehicle registration and driving tests launched

The Ministry of Public Works and Transport officially launched a pair of new websites yesterday that will allow Cambodians to register their vehicles as well as take the written portion of their driver’s exam online. ...

Sen David and Andrew Nachemson
http://www.phnompenhpost.com/national/online-vehicle-registration-and-driving-tests-launched

Silk weavers find it tough

Today, mulberry trees are a rarity in Cambodia – most of them having been destroyed during the Khmer Rouge era – and silk weavers in Phnom Penh’s main silk producing area in Koh Dach, an island on the Mekong river, have no choice but to ...

Chea Vannak
http://www.khmertimeskh.com/news/36568/silk-weavers-find-it-tough/

Cambodia-Vietnam expressway

Cambodia and Vietnam are pushing forward with plan to develop an expressway between Phnom Penh and Ho Chi Minh City, according to the Ministry of Public Works and Transportation. ...

Chea Vannak
http://www.khmertimeskh.com/news/37805/cambodia-vietnam-expressway/

Pig farmers form taskforce to curb illicit smuggling

Cambodia’s pig farmers created a new taskforce yesterday to combat pig smuggling along Cambodia’s borders that is leading to falling prices for domestic producers. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/pig-farmers-form-taskforce-curb-illicit-smuggling

Workers unite in devotion to making vote count

Union leaders have admitted they were surprised at the high number of factory workers who returned to the provinces from Phnom Penh to cast their vote in the commune elections. ...

Mom Kunthear
http://www.khmertimeskh.com/news/39042/workers-unite-in-devotion-to-making-vote-count/

Deal gives UAE more confidence to invest

The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...

Hor Kimsay
http://www.phnompenhpost.com/business/deal-gives-uae-more-confidence-invest

Exports to US bounce back on revised GSP

Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-bounce-back-revised-gsp

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