CSX: Six months down the line
Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies ...
http://www.phnompenhpost.com/index.php/2012101959319/Business/csx-six-months-down-the-line.html
Export diversity induces growth
In order for Cambodia to maintain the same rate of growth it has enjoyed in the past few years, exports need to diversify from textiles and tourism to modern services, said the World Bank’s country manager yesterday in Phnom Penh. “Cambodian firms are already tentatively exporting ...
http://www.phnompenhpost.com/index.php/2012102459390/Business/export-diversity-induces-growth.html
Cambodia's garment workers confront multinationals
Since mid-January a group of illegally laid off Cambodian garment workers – mostly women – have been picketing the factory they worked in. Their objective was to stop the company, which closed down, owing the workers, collectively, about US$200,000 of unpaid wages, from removing the ...
Illegal Logging a Challenge for Carbon Trading
A Ministry of Agriculture official said yesterday he was aware of allegations of illegal logging by Royal Cambodian Armed Forces soldiers within protected community forests in Oddar Meanchey province and was looking into it. “I am following this case, but I haven’t received their petition yet,” ...
Group Starts Online Petition to Stop Land Dispute Violence
Hoping to end the cycle of violence in land disputes in Cambodia, and to garner public support for people who are the victims of land grabbing, five concerned citizens held a press conference Friday to announce the launch of their own online petition whose results ...
Swiss doctor calls for more help to stay afloat
On vibrantly patterned straw mats, crowded around small plastic hampers of food, children – some with balloons, others with neon-coloured fans – huddle against their parents under the noon sun. But the parents are unblinking; some of the children barely have a pulse. Families have travelled up ...
Neglecting to conduct good market research is hurting SMEs in Cambodia
A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...
Gas Imports Grow to Nearly 1M Tons This Year
Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the Ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...
Loans from China Still Welcome, Hun Sen Says
The Chinese government is considering loaning an unspecified amount of money to cover the cost of constructing 20 new national roads, Prime Minister Hun Sen said yesterday. Speaking at the inauguration of 128-km stretch of National Road 62 linking Kampong Thom and Preah Vihear provinces, also primarily funded by ...
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...
Customs to Give Preference to Trusted Firms
The department of customs and excise will begin certifying companies it deems trustworthy so that their goods have easier passage across Cambodia’s borders, an official said yesterday. Traders will receive ranks based on compliance with customs rules, he [Nuom Chanrith, the director of planning at the Finance Ministry’s general ...
Workforce Must Improve to Compete in Asean Bloc
Cambodia’s workforce must quickly improve its skills base if it is to compete with other countries in the region when the Asean bloc becomes a single market in 2015, officials said yesterday at a seminar held in Phnom Penh. When the Asean Economic Community goes ahead in ...
Court drops Wutty case
Five months after the fatal shooting of forestry activist Chut Wutty, Koh Kong Provincial Court dropped his case yesterday morning, saying they would only be looking into the shooting of the man who allegedly killed Wutty – a trial that wound up lasting less than ...
http://www.phnompenhpost.com/index.php/2012100559135/National-news/court-drops-wutty-case.html
Hundreds Rally to Stop Forced Land Evictions in Phnom Penh
Hundreds of families from more than a dozen communities joined local human rights groups yesterday as they rallied outside the National Assembly for World Habitat Day, calling for an end to forced land evictions in Phnom Penh. Among those protesting were residents from the Boeng ...
http://www.cambodiadaily.com/hundreds-rally-to-stop-forced-land-evictions-in-phnom-penh/
Bunong Minority Villagers Protest Against Rubber Company
About 80 ethnic Bunong villagers living in Mondolkiri’s Pech Chreada district staged a protest against the Socfin-KCD rubber company Monday, demanding that the firm honor its long-standing pledge to return 1,000 hectares of farmland located inside its concession. Socfin-KCD, a join venture between Socfin, a ...
Cambodia's 'worst year’ for land disputes
More than 200 people were arrested while defending their land in 2012 – a year human rights groups described yesterday as Cambodia’s “worst” for land disputes. Of the 201 people arrested – a figure that more than doubled the 2011 total – 29 were imprisoned, mostly ...
http://www.phnompenhpost.com/2013012460955/National/cambodia-s-worst-year-for-land-disputes.html
Officials Draft Sub-Decree to Develop the Silk Sector
Officials at the Ministry of Commerce met on Friday to draft a sub-decree for the promotion and development of the Cambodian silk sector, but industry experts say the draft does not do enough for the local products used in the production of silk. The main ...
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html
Five People Released in Kratie Insurrection Case
The Kratie Provincial Court has released on bail five of the eight people charged after a military-style operation by security forces on a small village alleged to be the home of a secessionist movement, a court official said yesterday. On May 16, a 14-year-old girl was ...
Two Years In, Kampot Casino Downsizes
The Ha Tien Vegas Entertainment Resort and casino in Kampot Province along the Vietnamese border announced yesterday that it has sacked 500 employees and shut down its 130-room resort less than two years after it became the first casino to open in the province. The company said ...