Mining Firm Hit With Fines for Illegal Exports
A mining company owned by the wife of RCAF Major General Nim Meng has been ordered by the government to pay fines and unpaid taxes after the firm was found to have illegally exported minerals from Cambodia, a report released yesterday by the Cambodian Investment ss='cambodia-color'>...
Issues with Kingdom's rice exports
Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. state-owned sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011111552751/Business/issues-with-kingdoms-rice-exports.html
Investment in mining operations falls sharply
Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November. China’s Xing Yuan Kang Yeak ss='cambodia-color'>...
Nike Visits Over Recent Faintings at Factory
Representatives from Us sports brand Nike will arrive today to investigate last week’s mass faintings at their supplier factory in Kompong speu province, officials from the Labor Ministry and an International Labor Organization (ILO) representative said yesterday. Pok Vanthath, deputy director of vocational safety for the ss='cambodia-color'>...
Illegal logging threatens Prey Lang Wildlife Sanctuary, says CYN report
The Cambodian Youth Network (CYN) released a report on Tuesday noting the loss and deforestation of some 3,000ha of forest land in the Prey Lang Wildlife sanctuary because of logging since last year. The report was based on investigative research into illegal logging in the said ss='cambodia-color'>...
Banks to expand amid sound macroeconomy
Some of Cambodia&rSquo;S largeSt bankS and financial inStitutionS have announced planS to expand their buSineSSeS following Solid macroeconomic performance So far thiS year.&nbSp;The National Bank of Cambodia (NBC) in July projected that the Kingdom&rSquo;S economy iS poiSed to have grown 7.1 per cent thiS year. SS='cambodia-color'>...
May Kunmakara
https://www.phnompenhpost.com/business/banks-expand-amid-sound-macroeconomy
PP residents urged to use public transport
Minister of Public Works and Transport sun Chanthol has urged Phnom Penh residents to use the capital’s existing public transport services rather than private vehicles, as it is leading to increased traffic congestion. He also called for the city’s public bus system to be expanded, with ss='cambodia-color'>...
Long Kimmarita
https://www.phnompenhpost.com/national/pp-residents-urged-use-public-transport
Study of Angkor impact to be done
Apsara Authority on Wednesday signed a memorandum of understanding (MoU) with three Japanese companies to conduct a feasibility study to solve various environmental problems in the Angkor area. The MoU was signed between Bun Narith, director general of Apsara Authority, shoichi Kobayashi, chairman of the Japan ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012083158397/Business/study-of-angkor-impact-to-be-done.html
Questions over bonuses
Unions and labour groups fear a solitary sick day could cost garment workers their entire month’s attendance bonuses – about 15 per cent of their base wage – under a new scheme meant to make life easier. The Kingdom’s 600,000 garment and footwear workers will receive ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012090558510/National-news/questions-over-bonuses.html
Officials deny arrest has links to new loans
The rumour mill has been in overdrive regarding the arrest of The Pirate Bay co-founder Gottfrid svartholm Warg; however, various government officials yesterday shunned the conspiracy theories. Tom Abrahamsson, head of administrative and consular matters at the swedish Embassy in Phnom Penh, refuted speculation that svartholm ss='cambodia-color'>...
Looking for a flood of investment
Cambodia’s Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods. speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each ss='cambodia-color'>...
Paddy Rice Price Fluctuates
The price of paddy rice in Cambodia’s northwestern provinces jumped to 1,500 riel from 1,350 riel per kilogram in mid-October on a lack of supply, but quickly fell to 1,360 riel. Meanwhile, the prices in the Cambodia-Vietnam border provinces rose from 1,300 riel to 1,390 ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012110659583/Business/paddy-rice-price-fluctuates.html
Relocation site has villagers worried
Villagers facing relocation from the site of the planned Lower sesan 2 dam in stung Treng province were told last week that they would be moved 15 kilometres from the river they rely on for fishing, a commune chief said yesterday. seak Mekong, commune chief in ss='cambodia-color'>...
http://www.phnompenhpost.com/2013020661210/National/relocation-site-has-villagers-worried.html
Cambodia Takes Aim at the Dominant Dollar
PHNOM PENH—In its home country, the Cambodian riel has long played second fiddle to the U.s. dollar—but a new stock exchange and government de-dollarization policies could bolster it in coming years, policy makers and experts say. Dollars change hands with greater frequency than riel in the ss='cambodia-color'>...
http://online.wsj.com/article/SB10001424052702303772904577336784184598356.html
Talks on for Cambodian tablet
Mobile payment company Wing was in talks on partnering with a Us technology firm that plans to assemble Android tablets in Cambodia, in what could be another step away from the country’s staple manufactured good – garments. Although a final partnership agreement had yet to made ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012050355945/Business/talks-on-for-cambodian-tablet.html
Gov’t Asks Global Fund to Unblock $20 Million Malaria Grant
A Health Ministry official said yesterday the government was still hoping to recoup the last $20 million of a Global Fund grant for fighting malaria that the international charity has held back because of Cambodia’s poor use of fund dollars. Last week, a spokesman for the ss='cambodia-color'>...
Flood's lessons linger in Kratie
When 41-year-old Pheng Seng&rSquo;S brick-making buSineSS waS ravaged by flood in Kratie province a year ago, he loSt about US$5,000. Kratie town alSo flooded thiS time a year ago. It waS So bad that SpeedboatS were Seen zipping through the StreetS paSt Submerged motorcycleS with SS='cambodia-color'>...
Bank to study loan possibilities for rice
Delegates from the Import-Export Bank of China will visit Cambodia next week to discuss loans for the rice-processing and exporting sector, according to government officials. son Kunthor, president of the state-owned Cambodian Rural Development Bank, said yesterday that Chinese delegates will come to study the feasibility of ss='cambodia-color'>...
Verdict in Wutty case delayed
An expected verdict in the unintentional murder case of the man accused of shooting slain environmentalist Chut Wutty’s killer was delayed at Koh Kong Provincial Court yesterday because the presiding judge was ill. Neang Boratino, Koh Kong provincial coordinator for the rights group Adhoc, said a ss='cambodia-color'>...
Businesses Look for Opportunities in Tourism Industry
More than 150 businesses and associations from around the world gathered on Phnom Penh’s Koh Pich yesterday for the launch of the country’s annual food and hospitality exhibition. Two events, the International Food, Drinks and Wine show and the Cambodian International Hotel, Restaurant and Catering Industry ss='cambodia-color'>...
http://www.cambodiadaily.com/business/businesses-look-for-opportunities-in-tourism-industry-3714/