Unions, factories set positions on minimum wage raise
Unions and factories remained at odds over where to peg next year’s minimum wage for the garment sector after a meeting between representatives for both sides on Friday, though they agreed to resume the talks later in the month. Earlier this year, the Labor Advisory Committee, ...
Mech Dara and Zsombor Peter
http://www.cambodiadaily.com/news/unions-factories-set-positions-on-minimum-wage-raise-66112/
UK Sugar Firm Investigating Child Labor Claims
U.K. sugar firm Tate & Lyle on Wednesday said it was looking into recent allegations of child labor on two plantations in Koh Kong province it has been buying sugar from since 2010, but rebuked NGOs for not bringing the claims to its attention sooner. The ...
http://www.cambodiadaily.com/news/uk-sugar-firm-investigating-child-labor-claims-36637/
Investment and Trade Fair Opens In Koh Kong
The first three-day Koh Kong Investment and Trade Fair 2013 kicked off on Saturday, promoting trade and investment in the southern provinces of Cambodia with neighbours Thailand and Vietnam. “The [fair] is aimed at promoting trade and development in Koh Kong province and other border ...
http://www.phnompenhpost.com/2013051365565/Business/investment-and-trade-fair-opens-in-koh-kong.html
Fake recruitment ads targeted
The Ministry of Labour has written to the Ministry of Information requesting that it take action against fraudulent recruitment agencies promoting services for migrant workers via radio advertisements. ...
Sen David
http://www.khmertimeskh.com/news/39898/fake-recruitment-ads-targeted/
Fake dollars stopped: cops
Three men arrested over a plan to smuggle millions of dollars worth of counterfeit US banknotes into Cambodia with the help of Thai criminals used the name of Prime Minister Hun Sen’s chief bodyguard to secure the deal, a provincial court heard yesterday. Pin Tipelo, 38, ...
Education ministry wants bachelor’s degrees for all teachers
The Education Ministry will organize a training course and study programs that will give all of the country’s teachers access to bachelor’s degree programs by 2020, officials said yesterday. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17961/education-ministry-wants-bachelor---s-degrees-for-all-teachers/
Chinese company invests Media system in Cambodia
Chinese businessman Cha intor and president of coal mining group from China decided to invest the opening of Khmer economic magazine in Phnom Penh to boost the close ties for China and Cambodia and also it will enhance traditional media in the country. The announcement ...
Rain Provides Small Respite for Families in Koh Kong Drought
Several days of rain have finally brought relief to hundreds of families in Koh Kong province’s Khemara Phoumint City who had been without water for two weeks because the reservoir that provides their supply dried up during hot season. LYP Group, a company owned by ...
Sand for Singapore's Growth Comes at Environmental Cost to Poorer Neighbors
KOH KONG, Cambodia (AP) — Round a bend in Cambodia’s Tatai River and the virtual silence of a tropical idyll turns suddenly into an industrial nightmare. Lush jungle hills give way to a flotilla of dredgers operating 24 hours a day, scooping up sand and piling ...
NagaCorp Holds Ground Breaking Ceremony for Naga2 Development
NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...
‘Historic’ deal for workers
Labour-rights groups are lauding a “historic” deal that will result in about $200,000 in wages and benefits being paid to workers who were stranded when the Kingsland Garment factory in Phnom Penh closed unannounced in December. In a meeting on Friday that took place as more ...
http://www.phnompenhpost.com/2013030461726/National/historic-deal-for-workers.html
From Alibaba, a Trove of Cambodian Treasures
From large tracts of rural land to sand from the country’s rivers to human hair, a host of Cambodia’s natural resources are on display in the shop window of China’s largest online trading website. Alibaba.com – which claims more than 80 million users worldwide and is ...
http://www.cambodiadaily.com/business/from-alibaba-a-trove-of-cambodian-treasures-5698/
Cambodia Sees Massive Foreign Investment Growth in 2012
Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...
Banking Sector Sees Strong Growth in 2011
Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda Bank and Cambodian Public Bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...
Police Detain Recruitment Agency Chief for Suspected Fraud
The director of a recruitment agency in Siem Reap will face fraud charges today at the provincial court for allegedly taking money from victims in exchange for promised jobs in the U.S., police said yesterday. Hong Bunhav, chief of research and investigations section of the Siem ...
Pursat Police Official Charged Over Illegal Fishing
The Pursat Provincial court on Friday charged Krakor district’s judicial police bureau chief for taking bribes in order to allow illegal fishing in the Tonle Sap Lake, officials said yesterday. [Hong Bunthoeun] stands accused of accepting bribes to allow illicit fishing in parts of the Tonle ...
Malaysian bank eyes the affluent
A new Malaysian player in Cambodia’s expanding banking sector aims to capture the “emerging affluent” with its mobile and online services. Malaysian-based Hong Leong Bank will begin operating in Phnom Penh today, with a branch on Street 214. Joe Farrugia, CEO of Hong Leong Bank Cambodia, ...
http://www.phnompenhpost.com/2013070866710/Business/malaysian-bank-eyes-the-affluent.html
Regulator sees growth
Camcontrol revenues for the first nine months of the year hit US$7.9 million, surpassing the Ministry of Economy and Finance’s revenue goal of $6 million for the year. Kong Putheara, director of the Ministry of Commerce’s statistics department, this week said the unexpected growth came from ...
http://www.phnompenhpost.com/index.php/2011110352505/Business/regulator-sees-growth.html
Memorandum to fight money laundering
The General Department of Taxation (GDT) signed a memorandum of understanding with the Financial Intelligence Unit of the National Bank of Cambodia (FIUNBC) to exchange information on money laundering and the financing of terrorist activities. ...
Sum Manet
http://www.khmertimeskh.com/news/26678/memorandum-to-fight-money-laundering/
Non-taxpayers targeted
The government will not increase the rate for income tax and other taxes for the next two years, but will instead concentrate on expanding the base for tax collection, taking into account that there are still many individuals and businesses that do not pay tax ...
Sok Chan
http://www.khmertimeskh.com/news/30034/non-taxpayers-targeted/