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Demand for wage increases rejected

Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...

http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC

Evictees still awaiting Obama

As more than 100 protesters continued to spend their days camped outside the US embassy appealing for the release of two land activists, a delegation from Amnesty International visited the Boeung Kak Community yesterday to offer support for their fight Amnesty International would continue to monitor ...

Expat financial service launched

An offshore financial services provider aiming to cater to expatriates in Cambodia hopes to tap into a market that has had its share of fly-by-night operators. Tag Wealth International, a subsidiary of the Australia-based Tag Group, began operations last month, offering advice in areas such as ...

http://www.phnompenhpost.com/2013022261556/Business/expat-financial-service-launched.html

Climate change plan sparse on particulars

The Ministry of Environment yesterday shared its vision for a greener, less-carbon-emitting, climate-resilient Cambodia, but presented few detailed steps towards getting there, and even fewer financial particulars.​ The 10-year strategic initiative did not offer any further financial guidance. Though it identifies eight priority areas and ...

Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/climate-change-plan-sparse-particulars

Aid, Aeon on agenda for Japan

The Japanese government will offer more than $21 million in grant aid and loans to Cambodia when Foreign Minister Fumio Kishida visits later this month, according to a statement released by the Ministry of Foreign Affairs. According to the statement, Kishida will ink a number of ...

Cheang Sokha
http://www.phnompenhpost.com/national/aid-aeon-agenda-japan

Workers to file stories from the factory floor

The Cambodian Center for Independent Media (CCIM) is hoping to turn a select group of garment workers into muckrakers by offering a journalism program through the Voice of democracy news outlet. Free of charge, the course will last until October and have a firm focus on ...

Mom Kunthear
http://www.phnompenhpost.com/national/workers-file-stories-factory-floor

Grand twins workers go back on strike despite court order

About 5,000 workers from the Grand Twins International (GTI) garment factory in Phnom Penh who have been striking over wages and working conditions briefly returned to their stations Thursday in compliance with a court order, but resumed protesting the next day after rumors spread that ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/news/grand-twins-workers-go-back-on-strike-despite-court-order-71703/

China's loans vital to building SE Asian connectivity: Cambodia

The large loans China offered at the 9th East Asia Summit are vital to regional countries in their connectivity construction, a senior Cambodian official said on Thursday. Kao Kim Hourn, minister attached to Prime Minister Hun Sen, made the remarks at a press conference at ...

Ecns.cn News Staff
http://www.ecns.cn/voices/2014/11-14/142580.shtml

Cambodia’s Grand Dragon Resorts seals proxy betting deal

Casino property Grand Dragon Resorts (pictured), located in Cambodia, has partnered with live dealer gaming system provider Ezugi to offer proxy betting. The agreement will see Ezugi using its casino streaming technology to broadcast live table action direct from the casino floor, including baccarat tables and ...

GGRAsia News Staff
http://www.ggrasia.com/cambodias-grand-dragon-resorts-seals-proxy-betting-deal/

Condominium developers begin shift towards local market

It is no secret that Cambodia’s condominium market has largely focused on attracting international developers and investors looking to jump into a growing market by offering expensive upscale units, but, as the standard of living in Cambodia is on the rise, many projects are shifting ...

Siv Meng
http://www.phnompenhpost.com/real-estate/condominium-developers-begin-shift-towards-local-market

E-commerce surges in Cambodia

As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers like MAIO Mall, which offers a plethora of functions, including lending and booking services. Others, like Shop168, link brick-and-mortar stores with customers via web portal and delivery services. Others, like Mall ...

Un Raksmey and Igor Kossov
http://www.khmertimeskh.com/news/13987/e-commerce-surges-in-cambodia/

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html

Human traffickers use social media to lure job seekers to Cambodia

Human traffickers in Việt Nam are finding ever more inventive ways to lure potential victims overseas for exploitation. Through social media networks like Facebook or Zalo, they are offering well-paid jobs at casinos or online games in Cambodia, before springing their trap. ...

Khmer Times Staff
https://www.khmertimeskh.com/501004569/human-traffickers-use-social-media-to-lure-job-seekers-to-cambodia/

Sihanoukville property owners in limbo as unfinished high-rises litter the city

In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...

Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/

China is promoting the yuan for settling trade deals with the Kingdom

Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...

After Sam Rainsy’s Call, No Answer From CPP

At about 10 a.m. Thursday morning, during a press conference at the CNRP’s Phnom Penh headquarters, opposition leader Sam Rainsy dialed the phone number of CPP Interior Minister Sar Kheng and told a few dozen reporters in attendance that he would broadcast their conversation over ...

Colin Meyn and Aun Pheap
http://www.cambodiadaily.com/elections/after-sam-rainsys-call-no-answer-from-cpp-46444/

Cambodia Security Exchange Launches

The Cambodia Security Exchange (CSX) has launched though trading has yet to begin. Government officials and investors are upbeat about the launch saying that it will spur economic growth. The chance for investment in Cambodia is said to have grown significantly since the advent of ...

http://www.phnompenhpost.com/index.php/2011071150302/Business/stock-exchange-launches.html

Sihanoukville Port uncompetitive ahead of listing

Just months before Sihanoukville Autonomous Port is supposed to list on the Cambodia Securities Exchange, officials said yesterday that the state-owned enterprise is still more expensive and slower at processing goods than other ports in the region. An investor said that the problems confronting the port ...

Share Price Set for Stock at City Water Authority

Shares of the state-owned Phnom Penh Water Supply Authority (PPWSA) will trade at 6,300 riel, or $1.57, when the firm launches its initial public offering (IPO) on the Cambodian bourse on April 18, PPWSA announced yesterday. The price puts the company at the top of the ...

Forty Koh Kong families not happy with deal

Forty of the 375 families involved in a recently settled land dispute in Koh Kong province claimed on Tuesday that they have not yet received their promised cash compensation. Hence, the families requested the authorities to change the site of the land offered as they ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/forty-koh-kong-families-not-happy-deal

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