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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 ...

http://www.phnompenhpost.com/index.php/2012081658030/National-news/crackdown-on-illegal-logging-seizes-major-haul.html

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 ...

http://www.phnompenhpost.com/2013010360603/National/cambodia-s-unions-cry-foul-on-fainting-figures.html

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 ...

Ouch Nida
http://www.voacambodia.com/content/factory-wages-remain-a-potential-flashpoint-for-workers/2881596.html

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, ...

http://www.ynetnews.com/articles/0,7340,L-4291229,00.html

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 ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=ZWEwOWJiNzMwZWY4NmNhNzBhYjQxZWU0NzU2Mzk0

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 ...

Charity Calls on UK Gov’t to Act for Cambodian Workers

A report by a U.K.-based charity has highlighted the low pay of Cambodian garment workers and called on the British government to intervene in disputes involving Southeast Asian factories supplying British retailers. Restricting Rights, a report published Tuesday by anti-poverty charity War on Want, looks at ...

Conference looks at status of the Kingdom's small but growing insurance sector

While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...

http://etmcambodia.com

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