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 ...
Boss commits royal blunder
A Chinese factory manager sparked a near-riot in Phnom Penh yesterday morning after publicly destroying two photos of the late King Father in front of hundreds of workers. More than a thousand employees of the Top World garment factory launched an immediate strike, and threatened to ...
http://www.phnompenhpost.com/index.php/2012102359368/National-news/boss-commits-royal-blunder.html
Hanging by a Thread
Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...
http://www.bangkokpost.com/business/economics/320823/hanging-by-a-thread
Nearly 1,000 workers fired from Winson International garment factory
Eight hundred and sixty-eight workers have been fired from the Winson International garment factory after they refused to obey a Kampong Speu Provincial Court injunction last week ordering them back to work within 48 hours. Free Trade Union official Ry Sithinet said yesterday that the workers, ...
Kingdom’s small auto industry likely to expand as AEC looms
The Cambodian automotive industry will expand after the Kingdom’s integration into the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015, thanks to the free flow of goods within the bloc and Cambodia’s competitive advantage as a low-cost manufacturer, according to Cambodian Commerce ...
Koh Kong Sugar Firm Makes Offer to Return Disputed Land
The Thai owners of a pair of sugar plantations in Koh Kong province accused of forcing hundreds of farmers off their land will give the land back if it can be proved that those evicted legally own the land, rights workers and a village representative ...
http://www.cambodiadaily.com/news/koh-kong-sugar-firm-makes-offer-to-return-disputed-land-18770/
New CAA Fleet To Take Flight
Cambodia Angkor Air (CAA) intends to acquire seven more planes by 2015, more than doubling its existing fleet of five, as the airline plans new routes in the next few years to China, South Korea, Hong Kong and India. The plan was unveiled at an industry ...
http://www.phnompenhpost.com/2013042665258/Business/new-caa-fleet-to-take-flight.html
Hun Sen Says Water, Power Shortages to Stay
Prime Minister Hun Sen said yesterday that the rapid growth of Phnom Penh’s population coupled with the rampant construction of new property projects means that there would always be a shortage of water and electricity in the capital. Speaking to a crowd of thousands who had ...
http://www.cambodiadaily.com/news/hun-sen-says-water-power-shortages-to-stay-29063/
Fraud Case Highlights Bribery Around Requests for Citizenship
The Court of Appeal on Monday acquitted a South Korean businessman who allegedly stole $50,000 that was supposed to be used to acquire Cambodian citizenship for his boss in 2007. Koo Bonkwang, the former president of Commerce Central Finance, a microlender, said he paid the money ...
Recovering supply lifts car sales
Thanks to a more stable and undisturbed supply chain, sales of new cars in Cambodia have risen dramatically over the first six months of this year compared with the same period in 2012. But the purchases pale in comparison to the country’s thriving second-hand market. Kong ...
http://www.phnompenhpost.com/2013070466651/Business/recovering-supply-lifts-car-sales.html
Scooter connects to phone
Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...
http://www.phnompenhpost.com/business/scooter-connects-phone
Cambodian rubber earnings fall
Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...
http://www.phnompenhpost.com/business/cambodian-rubber-earnings-fall
UN rights envoy hails Cambodia's poll, calls for calm,political reconciliation
The United Nations Special Rapporteur on the situation of human rights in Cambodia, Surya P. Subedi on Wednesday praised Cambodia’s general elections held on Sunday, and appealed for calm and political reconciliation. The human rights expert also appealed to the people and all political actors ...
http://news.xinhuanet.com/english/world/2013-07/31/c_125097669.htm
EDC promises more power
The recent power shortages have left residents of Phnom Penh out in the heat and dark, but amidst their mounting frustration, state-owned energy supplier Electricite du Cambodge (EDC) has announced it will be purchasing more power from Thailand to address the shortfall. Keo Rattanak, director-general of ...
http://www.phnompenhpost.com/2013032964781/National/edc-promises-more-power.html
Analysts See Chance for End to Political Deadlock
With Saturday’s opposition protest now expected to be a peaceful meditation on justice—rather than a demonstration against a flawed election process—Cambodian analysts say the current post-election deadlock may soon pass. Opposition leaders said Monday they planned to go forward with a mass demonstration, but that they ...
Heng Reaksmey
http://www.voacambodia.com/content/analysts-see-chance-for-end-to-political-deadlock/1742485.html
Holdings draw veil over Mfone
When the owner of Kingsland garment factory fled the Kingdom last year, enough pressure was applied to its sourcing companies H&M and Walmart to persuade them through their intermediaries to compensate workers left jobless. Distance could no longer absolve them of responsibility. Just like the Kingsland ...
http://www.phnompenhpost.com/2013041865106/Business/holdings-draw-veil-over-mfone.html
Electricity co-operation crucial
Co-operation on the exchange of electricity will be very important in making the 10-country ASEAN bloc move forward to a single market by 2015, experts said, but a shortage of power supply in each country remains a challenge. Speaking to reporters yesterday after the opening of ...
http://www.phnompenhpost.com/2013052465820/Business/electricity-co-operation-crucial.html
Thais to urge transport push
Thailand will propose to Cambodia that they jointly develop border areas and transport links between the two countries, Deputy Prime Minister and Foreign Minister Surapong Tovichakchaikul said yesterday. Thailand will also develop roads, railways and border checkpoints, he said. Proposed road projects include improving roads Nos.5, ...
http://www.bangkokpost.com/news/local/352101/thais-to-urge-transport-push
In Kandal, villager says CPP support is ‘tested’
More than 1,500 Cambodian People’s Party supporters in Kandal province’s Sa’ang district were summonsed by party officials yesterday to be thanked for voting for the party, during a meeting one villager claimed was tacit intimidation. According to a villager speaking on the condition of anonymity, invited ...
http://www.phnompenhpost.com/national/kandal-villager-says-cpp-support-%E2%80%98tested%E2%80%99
Jarai battle for communal titles takes important step
Their work is far from over, but Jarai minority villagers in Ratanakkiri province took another important step forward yesterday in their quest for communal land titles. More than 200 residents of O’Yadav district’s Pate commune signed declarations outlining the ways in which they make use of ...
http://www.phnompenhpost.com/national/jarai-battle-communal-titles-takes-important-step