MFI deposits seen growing
The value of deposits with Cambodia’s 31 microfinance institutions grew more than 96 per cent in the first nine months of the year compared to last year, a rise industry experts say is due to the political stability and economic growth of the Kingdom. Official data ...
http://www.phnompenhpost.com/index.php/2012110859631/Business/mfi-deposits-seen-growing.html
Prey Lang activists halted on road
More than 300 activists from Kampong Thom province’s Prey Lang Community Network were stopped by district police yesterday as they were marching from the Vietnamese-owned CRCK Company to deliver a lawsuit in Sandan district calling for the postponement of alleged forest clearing and the “invasion” ...
http://www.phnompenhpost.com/2013021461350/National/prey-lang-activists-halted-on-road.html
Stronger ties with Cambodia sought ahead of rice-trading zone
Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the ...
Hun Sen Seeks Garment Factory Vote
Prime Minister Hun Sen on Saturday asked some 4,000 garment factory workers for their votes in July’s national elections at a rally in Phnom Penh attended by members of several CPP-aligned unions, according to those in attendance. Cambodian Union Federation president Choun Mom Thol said ...
Cambodia explores carbon
Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...
http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html
Despite Law, Minority Rights Receive Very Few Protections
The government does little to protect the rights and livelihoods of the country’s many ethnic minorities who are under constant threat from rapid development, representatives of indigenous groups said yesterday. “We have polices laws and guidelines to protect indigenous people, but we see that it doesn’t ...
More capital for factories
The government approved 103 factories with a combined investment of $660 million last year a big increase from the previous year’s 52 factories valued at $230 million, according to data from the Council for the Development of Cambodia. Industry representatives and economists said the sharp ...
http://www.phnompenhpost.com/2013031361912/Business/more-capital-for-plants.html
Cambodian Land Rights Activist's Bail Plea Rejected
The Cambodian Supreme Court on Wednesday rejected a jailed land rights activist’s appeal to be released on bail, drawing criticism from rights groups who said the whole case smacked of political interference and should be thrown out. “I am having heart, respiratory, and stomach ...
http://www.rfa.org/english/news/cambodia/land-03272013191716.html
In Washington, ‘Mekong Days’ Puts River in Focus
Advocacy groups, environmentalists and policy-makers have wrapped up five days of events surrounding Mekong River issues in Washington. “Mekong Days,” a series of talks, films and other forums that ended Tuesday, highlighted issues in the region, where some 60 million people live. The Mekong River, a major ...
http://www.voacambodia.com/content/in-washington-mekong-days-puts-river-in-focus/1630640.html
Hun Sen Thanks Student Land-Titling Volunteers
Student volunteers from across the country yesterday took a break from their land-measuring duties to attend a pre-Khmer New Year ceremony at Phnom Penh’s Koh Pitch where they were presented with a thank-you letter from Mr. Hun Sen. Since Mr. Hun Sen launched the land titling ...
Japan provides 36 mln USD grant aid to Cambodia for clean water, education
The government of Japan on Wednesday signed to provide a grant aid of 36 million U.S. dollars to Cambodia for a clean water project and a human resource development project. According to a press statement, the amount of 33.4 million U.S. dollars goes for the ...
Xinhuanet Staff
http://news.xinhuanet.com/english/business/2013-06/05/c_132432490.htm
Moving towards e-commerce
Motorbikes, vegetables, iPhones, artwork, or even land on which to build a house – a quick browse through website 7Makara.com gives the impression of a Cambodian eBay or Amazon. The difference, however, is that you can’t complete the transaction from the convenience of your bedroom. In ...
http://www.phnompenhpost.com/2013061266208/Business/moving-towards-e-commerce.html
Workers paid out on doorstop of election
A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...
http://www.phnompenhpost.com/national/workers-paid-out-doorstop-election
High Risk Seen in Kingdom’s Business Environment: Report
Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...
Father Suing Rubber Firm for Beating His Three Children
The father of three children attacked with wooden sticks and steel poles by employees of well-connected DM Group in Ratanakkiri province has filed a lawsuit against the firm, and is asking for tens of thousands of dollars in compensation. .. The provincial court has charged the ...
http://www.cambodiadaily.com/news/father-suing-rubber-firm-for-beating-his-three-children-22805/
Egat wants coal plants in Cambodia, Myanmar, Krabi
Energy Minister Pongsak Ruktapongpisal has given the Electricity Generating Authority of Thailand (Egat) the green light to proceed with a plan to build coal-powered plants in Myanmar and Cambodia – providing Thailand with 10,000 megawatts of electricity. Egat has also been instructed to negotiate the ...
Against the Grain
On the palm-studded plains of Cambodia, rice farmers’ eyes light up with the prospect of sending their crop northward to China. The poor Southeast Asian nation had been trying for several years to export rice to the mainland but only last year did it gain ...
http://www.chinaeconomicreview.com/china-rice-demand-market-import
Satellite cities a solution for overcrowded Phnom Penh
The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population. “Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said ...
Work-related deaths, injuries rose in 2012
The number of officially recorded workplace deaths in Cambodia increased by more than 25 per cent from 2011 to 2012, while the vast majority of those injured at work were women, National Social Security Fund figures released yesterday reveal. A total of 59 people were reported ...
http://www.phnompenhpost.com/2013061466277/National/work-related-deaths-injuries-rose-in-2012.html
Noodle maker tries instant route
Cambodia has always been a source for a broad variety of raw materials from the agricultural sector. The country exports many of these materials to neighbouring countries and other markets in the world – without turning them into new products. This lack of domestic processing has ...
http://www.phnompenhpost.com/2013062666486/Inside-Business/noodle-maker-tries-instant-route.html