Expat financial service launched
An offshore financial services provider aiming to cater to expatriates in Cambodia hopes to tap into a market that has had its share of fly-by-night operators. Tag Wealth International, a subsidiary of the Australia-based Tag Group, began operations last month, offering advice in areas such as ...
http://www.phnompenhpost.com/2013022261556/Business/expat-financial-service-launched.html
Climate change plan sparse on particulars
The Ministry of Environment yesterday shared its vision for a greener, less-carbon-emitting, climate-resilient Cambodia, but presented few detailed steps towards getting there, and even fewer financial particulars. The 10-year strategic initiative did not offer any further financial guidance. Though it identifies eight priority areas and ...
Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/climate-change-plan-sparse-particulars
Aid, Aeon on agenda for Japan
The Japanese government will offer more than $21 million in grant aid and loans to Cambodia when Foreign Minister Fumio Kishida visits later this month, according to a statement released by the Ministry of Foreign Affairs. According to the statement, Kishida will ink a number of ...
Cheang Sokha
http://www.phnompenhpost.com/national/aid-aeon-agenda-japan
Workers to file stories from the factory floor
The Cambodian Center for Independent Media (CCIM) is hoping to turn a select group of garment workers into muckrakers by offering a journalism program through the Voice of Democracy news outlet. Free of charge, the course will last until October and have a firm focus on ...
Mom Kunthear
http://www.phnompenhpost.com/national/workers-file-stories-factory-floor
Grand twins workers go back on strike despite court order
About 5,000 workers from the Grand Twins International (GTI) garment factory in Phnom Penh who have been striking over wages and working conditions briefly returned to their stations Thursday in compliance with a court order, but resumed protesting the next day after rumors spread that ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/news/grand-twins-workers-go-back-on-strike-despite-court-order-71703/
China's loans vital to building SE Asian connectivity: Cambodia
The large loans China offered at the 9th East Asia Summit are vital to regional countries in their connectivity construction, a senior Cambodian official said on Thursday. Kao Kim Hourn, minister attached to Prime Minister Hun Sen, made the remarks at a press conference at ...
Ecns.cn News Staff
http://www.ecns.cn/voices/2014/11-14/142580.shtml
Cambodia’s Grand Dragon Resorts seals proxy betting deal
Casino property Grand Dragon Resorts (pictured), located in Cambodia, has partnered with live dealer gaming system provider Ezugi to offer proxy betting. The agreement will see Ezugi using its casino streaming technology to broadcast live table action direct from the casino floor, including baccarat tables and ...
GGRAsia News Staff
http://www.ggrasia.com/cambodias-grand-dragon-resorts-seals-proxy-betting-deal/
Condominium developers begin shift towards local market
It is no secret that Cambodia’s condominium market has largely focused on attracting international developers and investors looking to jump into a growing market by offering expensive upscale units, but, as the standard of living in Cambodia is on the rise, many projects are shifting ...
Siv Meng
http://www.phnompenhpost.com/real-estate/condominium-developers-begin-shift-towards-local-market
E-commerce surges in Cambodia
As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers like MAIO Mall, which offers a plethora of functions, including lending and booking services. Others, like Shop168, link brick-and-mortar stores with customers via web portal and delivery services. Others, like Mall ...
Un Raksmey and Igor Kossov
http://www.khmertimeskh.com/news/13987/e-commerce-surges-in-cambodia/
Real estate firm ready for CSX listing
Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...
http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html
Human traffickers use social media to lure job seekers to Cambodia
Human traffickers in Việt Nam are finding ever more inventive ways to lure potential victims overseas for exploitation. Through social media networks like Facebook or Zalo, they are offering well-paid jobs at casinos or online games in Cambodia, before springing their trap. ...
Khmer Times Staff
https://www.khmertimeskh.com/501004569/human-traffickers-use-social-media-to-lure-job-seekers-to-cambodia/
Sihanoukville property owners in limbo as unfinished high-rises litter the city
In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...
Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/
Bank Says No Railway Evictee To Be Left Behind
The Asian Development Bank announced yesterday that the organizations behind the rehabilitation of Cambodia’s railways, including the government and the Australian development agency, have jointly pledged to address the complaints of people facing eviction from dwellings across the rail lines. The Australian government provided ...
Machinery Manufacturers Tap Garment Sector
More than 150 companies from China, Taiwan, Singapore, Vietnam, Malaysia, as well as Germany and England on Thursday set up shop at the exhibition center on Phnom Penh’s Koh Pich island, displaying everything from $900 labeling machines to sewing machines worth $56,000 that automatically attach ...
Spate of abuses continues
Nearly two dozen fishermen were repatriated to the Kingdom yesterday after being trafficked aboard Thai fishing boats where they endured forced labour and rampant abuse. The 11 men bring to 30 the number of fishermen repatriated from Malaysia and Indonesia this year. They were visibly shaken ...
http://www.phnompenhpost.com/index.php/2012030954949/National-news/spate-of-abuses-continues.html
Maids' mother told to drop complaint: NGO
The recruitment firm HRD Company had allegedly threatened the mother of two sisters working as maids in Malaysia, pressuring her to withdraw her NGO complaint seeking help in repatriating her daughters or risk having all communication with them cut, a rights group said yesterday. Pov Chhan, ...
Foreign investment in Cambodia’s property rises
Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom. Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from ...
Malaysian couple charged with Cambodian maid murder
A Malaysian couple were charged Friday with the murder of their Cambodian maid, who police suspect may have died of prolonged starvation. The alleged abuse case of Mey Sichan, who would have turned 24 in September, is one of many that have caused both Cambodia and ...
Trafficker gets 10 years
The manager of Giant Ocean International, a now-defunct recruitment firm notorious for abuse scandals, was sentenced yesterday to 10 years in jail for trafficking hundreds of Cambodian fishermen to work in slave-like conditions overseas. Taiwanese national Lin Yu-shin, who ran the firm, was arrested in May ...
Buth Reaksmey Kongkea and Laignee Barron
http://www.phnompenhpost.com/national/trafficker-gets-10-years
Delay on maid deal: ministry
The Ministry of Labour plans to delay signing off on a controversial agreement to reopen a pipeline of Cambodian maids to Malaysia until a deal is reached on a second agreement regarding other migrant workers, a ministry official said yesterday. Labour Ministry spokesman Heng Sour told ...
Alice Cuddy
http://www.phnompenhpost.com/national/delay-maid-deal-ministry