ADB offers $70M loan to improve transportation
The Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces. ...
Kali Kotoski
http://www.phnompenhpost.com/business/adb-offers-70m-loan-improve-transportation
Cambodia's Free Trade Union offers minimum wage plan
In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...
Final Wage Offer for Garment Workers Is $75
The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...
Three More Airlines to Offer Flights to Cambodia
Three more international airlines will soon begin operating flights to Cambodia’s two main airports, according to Cambodia Airports, which owns and operates the facilities. Lao Central Airlines and Qatar Airways will offer flights to Phnom Penh, and Frankfurt-based Condor Air will fly direct to Siem Reap, ...
Hong Kong offers visa free travel to officials
Cambodian diplomats and a range of government officials can now travel to Hong Kong without a visa and stay for 14 days under a new exemption agreement with the commercial Chinese city, officials said. The new exemption took effect on June 1, according to a statement ...
Striking Workers Refuse Government Offer in Wage Dispute
Union leaders and striking workers on Wednesday said they would not agree to a minimum wage of $100 per month and would continue demonstrations until a higher wage is set. Government officials say they are willing to raise the minimum wage from $80 to $100 ...
Kong Sothanarith
http://www.voacambodia.com/content/striking-workers-refuse-government-offer-in-wage-dispute/1821569.html
An NGO with suspect ties offers wide praise
The Cambodian Democratic Student Intellectual Federation, a self-described “non-governmental and politically impartial organisation”, has declared the elections an unqualified success. “Having directly observed the electoral process in all 24 municipality [sic] and provinces, CDSIF affirms that this general election was smoothly, properly, transparently, freely and ...
http://www.phnompenhpost.com/national/ngo-suspect-ties-offers-wide-praise
City Hall offers final warning to displaced farmers
A group of about 200 farmers from Kratie province refused on Thursday to leave a pagoda in Phnom Penh—their home base for protests against their eviction at the hands of a Vietnamese rubber company—as the city’s deputy governor warned them that the municipal government would ...
Aun Pheap and George Wright
http://www.cambodiadaily.com/news/city-hall-offers-final-warning-to-displaced-kratie-farmers-59436/
Kratie farmers offered land, but many remain defiant
A group of villagers who were evicted from Kratie province to make way for a Vietnamese rubber company were given a 750-hectare social land concession by the government Thursday, but many said they would hold out for a better offer. A letter signed by Kratie Governor ...
Sek Odom
http://www.cambodiadaily.com/archives/kratie-farmers-offered-land-but-many-remain-defiant-60025/
Cambodia, Laos, Myanmar seen offering big investment opportunities
Business International Monitor said Thursday that Cambodia, Laos and Myanmar were expected to outperform their regional peers in terms of real economic growth in the longer term. In a statement, the London-based firm said the three countries would offer ” substantial opportunities for investors over the coming decade, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=N2ZkOTU4YTZmZGU
Evictees reject latest offer from UK sugar firm
Representatives for the 200 Cambodian families suing U.K. sugar firm Tate & Lyle for allegedly profiting off of their stolen land say they have rejected the firm’s latest offer to settle the dispute and are looking forward to their first court date, set for October. The ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/evictees-reject-latest-settlement-offer-from-uk-sugar-firm-60869/
Latest property reports offer evidence of strong growth
In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...
Post Staff
http://www.phnompenhpost.com/real-estate/latest-property-reports-offer-evidence-strong-growth
Phnom Penh pagoda offers haven for the marginalized
When 200 villagers from Kratie province walked into Samakki Raingsey pagoda seeking safety and shelter early this month, they weren’t the first to do so. The villagers, whose homes in Snuol district had been torched by authorities just days earlier, were walking a well-trodden path—a path ...
Mech Dara and Matt Blomberg
http://www.cambodiadaily.com/author/matt-blomberg/
Bilateral investment treaties offer investment protection through arbitration
Bilateral Investment Treaties (BITs) are intra-state legal mechanisms which encourage foreign investment. This is particularly so as they provide foreign investors with Investor State Dispute Settlement (ISDS) mechanisms to enforce investment protections through international arbitration against the host state before a neutral tribunal. Cambodia has signed over ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTQ5ZWI5NTZjN2F
CLMV markets offer huge opportunities for Thai brands
Riverorchid Group, a Thai marketing and communication agency specialising in Cambodia, Laos, Myanmar and Vietnam (CLMV), has said advertising spending in the region will continue to grow and play an increasingly important role in brand communication, particularly for Thai companies. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/CLMV-markets-offer-huge-opportunities-for-Thai-bra-30264442.html
PM calls for more improvement of higher education quality
Prime Minister Hun Sen urged relevant institutions, especially the Ministry of Education, Youth and Sports (MoEYS) to further enhance the quality of higher education, particularly the doctorate degree. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299546/pm-calls-for-more-improvement-of-higher-education-quality/
Minister urges ties with Asian nations
Cambodia must further integrate with its East Asian neighbours for future economic development, said Minister of Economy and Finance Keat Chhon. The financial crisis highlighted the need to diversify production, and Asia’s markets are ripe for increased Cambodian exports, he said. Speaking at the 7th ...
Islamic Microfinance Form to Be Established
A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. ...
Donors Mum On Aid Forum Postponement
Cambodia’s foreign donors are staying largely mum about the government’s decision to indefinitely high-level aid meeting, though one donor conceded that the move had caught it off guard. Economists also said yesterday that a delay in holding the donor meeting would have little effect, but ...
Cambodia says LDCs need more time for service industries
Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...