Locals Pay Almost Double for iPhone Amid High Demand
Cambodian customers eager to buy Apple Inc.’s newest iPhone are paying almost double the company’s asking price in the U.S., phone vendors in Phnom Penh said yesterday. At about a dozen phone shops near Phnom Penh’s Central Market, vendors were doing a steady trade in the ...
Asia Weakness Heightens Fears of Contagion
Manufacturing activity in China and across a wide swath of Asia slowed in May, heightening fears that the turmoil in Western economies is dragging down one of the few remaining engines of global growth. Two purchasing managers indexes for China fell in May, briefly rattling investors ...
http://online.wsj.com/article/SB10001424052702303640104577439103464926734.html
Seoul Court Releases CEOs Tied to Local Projects
The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...
NagaWorld Profits Double to $98 Million
NagaCorp, which owns Phnom Penh’s only licensed casino, announced on Wednesday that net profits at the company had more than doubled in 2011 and that plans are in store to expand its operations in the country. Financial Results filed with the Hong Kong Stock Exchange ...
Bitter harvest for rice farmers
It’s almost 10 in the morning in Battambang province’s Bavel district and the blazing sun would deter anyone from venturing too far from the cool comfort of their thatched huts in this rice-growing area. But for many families whose livelihoods depend on rice farming, braving the ...
Chea Vannak
http://www.khmertimeskh.com/news/29992/bitter-harvest-for-rice-farmers/
Police Arrest Six Villagers Accused of Fraud
Police in Battambang arrested six villagers embroiled in a land dispute with a local businessman on Wednesday after 10 other villagers accused them of defrauding families in the area, deputy provincial governor Uy Ry said yesterday. However, villagers and rights workers in Kors Kralor district said ...
Crackdown yields major timber haul
Authorities in Stung Treng province have confiscated some 651 pieces of “luxury timber” from three communes in Se San district over the past week in an ongoing operation to crack down on illegal logging in the area, police said. The goods were confiscated just as a ...
Cambodia's unions cry foul on fainting figures
Union reps and government officials are offering significantly different – if both substantial – numbers in their year-end tallies of garment workers who fainted on the job in 2012. The Free Trade Union yesterday announced that the number of workers to faint in factories rose to ...
Protest against new wage of $95 is illegal: Labor Ministry
The Ministry of Labor and Vocational Training on Wednesday said that any activities made by the unions against the minimum wage of $95, agreed upon by the Labor Council, are against the law. After the wage talks yesterday, the Labor Council agreed to raise ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=Y2RjMDY1MWE5NTl
Obama Signs Off on Aid Cuts to Government
A Royal Cambodian Armed Forces (RCAF) officer and his son-in-law were arrested separately on Thursday and Friday in Battambang and Banteay Meanchey province for producing tens of thousands of dollars of counterfeit U.S. banknotes, officials said Sunday. Police arrested Tang Thearith, 35, in Poipet City on ...
Alex Willemyns
http://www.cambodiadaily.com/news/obama-signs-off-on-aid-cuts-to-government-50886/
Motor insurance slows to a crawl
Insurance providers sold far fewer motor vehicle and personal accident policies in 2013 than in the previous year, sparking concern among some in the industry that the importance of being covered in case of a road accident isn’t getting through to drivers. According to the General ...
May Kunmakara and Eddie Morton
http://www.phnompenhpost.com/business/motor-insurance-slows-crawl
China developer eyes satellite city
The property behemoth in Phnom Penh has attracted a top China-based developer, Country Garden Holdings Co. Ltd, which seems keen to invest in the building of a modern satellite city that can accommodate two million people in the Kingdom. Yang Guoqiang, Chairman of Country Garden ...
Sum Manet
http://www.khmertimeskh.com/news/25509/china-developer-eyes-satellite-city/
Singapore's TA Corporation eyes China & Cambodia
Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231696/1/.html
The economics of ELCs
Economic land concessions in Cambodia have a profound and negative impact upon rural households located near the plantations, severely limiting residents’ access to natural resources and causing incomes to dip by almost a fifth, a new study by the University of Copenhagen has found. The report, ...
Ethan Harfenist
http://www.phnompenhpost.com/national/economics-elcs
Factory wages remain a potential flashpoint for workers
Sok Ren lives in a tiny room in a rented house in Phnom Penh. She has not been home in two years, having decided to leave a child behind and find work in the city’s garment sector. Unions say workers need at least $177 ...
AHAVA expanding to 7 more countries
AHAVA Dead Sea Laboratories is expanding its international activity Dead Sea products to be sold in Poland, Italy, Switzerland, Korea, Greece, Denmark and Cambodia. Company CEO expects 10% growth in sales in coming year “In Phnom Penh, the Cambodian capital, we are operating through a franchisee’s store, ...
Cambodian vegetable farmers forced to compete with Vietnamese rivals
Cambodian vegetable farmers say they are being forced to compete with more efficient farmers in Vietnam who use farming techniques to make their vegetables grow faster. Farmers in Sambork Meas, a village on the Mekong River in Mokkompul commune in Bakkeng district in Kandal province, say ...
BCD Travel expands into Cambodia
BCD Travel is expanding its Asia-Pacific operations with a new office in Cambodia in partnership with Tonle Travel. BCD Travel now has offices in 18 countries in the Asia-Pacfic region. ...
Kate Youde
http://www.citmagazine.com/article/1325953/bcd-travel-expands-cambodia
Demining Rats Get All Clear to Begin Testing
The battle against landmines could soon have an unlikely new weapon after a pioneering Belgian NGO signed a Memorandum of Understanding (MoU) with the government on Monday to begin testing teams of sharp-sniffing rodents in Cambodia, with the goal of pitching them into the ongoing ...
Simon Henderson
http://www.cambodiadaily.com/news/demining-rats-get-all-clear-to-begin-testing-47951/
District Governor Questioned Over Clearing Protected Forest
The Phnom Penh Municipal Court questioned a district governor from Kampong Thom province yesterday over his involvement in clearing protected flooed forest in the province in July. Prim Rottha, Stong district governor, is one of about 20 officials who received court summonses in July over their suspected ...