Iffy factory supplying LA’s finest
A Phnom Penh-based factory supplying uniforms for police officers and firefighters in the US city of Los Angeles continues to break Cambodian labour laws, a report to be publicly released today says. Kin Tai Garment factory, a supplier to 5.11 Tactical – which sells the uniforms ...
Sean Teehan
http://www.phnompenhpost.com/national/iffy-factory-supplying-la%E2%80%99s-finest
Ministry swapped in deal with timber magnate
In yet another land swap deal that will see lucrative state-owned land handed to a private business in exchange for a new building on cheaper land, the Try Pheap Group has built a new headquarters for the Women’s Affairs Ministry in Stung Meanchey commune. In return, ...
Aun Pheap and Alex Consiglio
http://www.cambodiadaily.com/news/ministry-swapped-in-deal-with-timber-magnate-59216/
FAO Raises Paddy Production Outlook
The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...
Cambodia’s Economic Challenge
Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...
http://thediplomat.com/2013/01/03/cambodias-failed-trickle-down-economy/
GDCE collects more than 1 billion state revenue in first 9 months
The General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance has collected around 4,649 billion Riel or some US$1.11 billion state revenue for the first nine months of 2015, according to the state news agency-AKP. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gdce-collects-more-than-1-billion-state-revenue-in-first-9-months-9024
Cambodian state-owned telecom firm sees 5% revenue drop in H1
The state-owned Telecom Cambodia reported a 5 percent decline in revenues in the first half of this year due to tough competition in the country’s telecommunication industry, company director general Lao Saroeun said Friday. During the January-June period this year, the firm earned a gross revenue ...
http://news.xinhuanet.com/english/business/2012-08/17/c_131792460.htm
King: Chea Sim to be acting head of state during his absence
The King His Majesty Norodom Sihamoni issued a Royal letter today to inform his people that he and his mother, Her Majesty Norodom Monineath Sihanouk, would be out of the country from tomorrow and Chea Sim, the President of the Senate, will serve as the ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=NjNlMDliYjdmZmV
Cambodian secretary of state of commerce chaired the CLMV meeting in Malaysia
The Seventh Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 25 August 2015 in Kuala Lumpur, Malaysia, according to ASEAN secretariat’s press release.The Meeting was chaired by H.E. Mr. Pan Sorasak, Secretary of State for Commerce, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-secretary-of-state-of-commerce-chaired-the-clmv-meeting-in-malaysia-8884
Preah Vihear Families' Land Issues Go Unheard
About 50 families living on the site of the long-discussed Preah Vihear airport went to the provincial hall yesterday to request that local officials reconsider their earlier decision to refuse them land titles on the grounds that the airstrip would soon be rebuilt. Villagers attended ...
Cambodia's economy to grow by 6.7% this year: WB
Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...
http://news.xinhuanet.com/english/business/2013-01/16/c_132106591.htm
Cambodia, Among Others, Feeding China's Demand for Timber
The growing market for timber in China is leading to widespread logging around the world, including in Cambodia, according to a report released yesterday. The report from London-based NGO the Environmental Investigation Agency (EIA) – entitled Appetite for Destruction: China’s trade in illegal timber – outlines ...
Cambodia’s total trade worth US$ 2.7-B in first 2 months, + 28%
Cambodia’s import and export trade volume had amounted to US$2.7-B in the 1st 2 months of this year, up 28% compared to the US$2.1-B in the same period last year, the statistics of the Commerce Ministry showed Friday. Main products Cambodia imported are garment and textile ...
Striving to make finance accessible
Access to finance could reduce violence, empower the most vulnerable in society and improve the livelihoods of Cambodia’s poorest people, a conference on community-led funding heard on Wednesday. Sarah Sitts, country manager of the international NGO Pact, introduced the funding model of savings-led micro-finance (SLMF). In ...
http://www.phnompenhpost.com/2013032964776/Business/striving-to-make-finance-accessible.html
Food prices up 1.6 pct in April
Cambodia saw a one per cent rise in inflation in April compared with the same month last year, according to the latest data from the National Institute of Statistics (NIS). Sim Ly, an official at the NIS said there was a slight increase in food and ...
http://www.phnompenhpost.com/2013070566683/Business/food-prices-up-1-6-pct-in-april.html
MFone workers told to wait
Former employees of the failed telecommunications company MFone have been told they can expect a decision next month on their claims for more than $4 million in compensation. Former Mfone section manager Bou Kunthea said after a meeting yesterday with offic-ials from the Ministry of Social ...
http://www.phnompenhpost.com/2013032062036/Business/mfone-workers-told-to-wait.html
Majority of Unions Reduce Wage Demands
Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...
Satellite system will save fuel and routes
Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...
http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes
No consensus on next move in SL drama
After the management of an embattled garment factory this week refused to follow a government order to reinstate 19 dismissed union leaders and activists, unionists and observers are at a divergence of opinion over how the state should respond. “It’s fairly unprecedented,” Dave Welsh, country director ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/no-consensus-next-move-sl-drama
Cambodia sees 2.65 bln USD trade deficit in 2012
Cambodia recorded a trade deficit of 2.65 billion U.S. dollars in 2012, according to the government’s statistics on Wednesday. The country’s total import and export volume had reached 13.63 billion U.S. dollars last year, up 19 percent from 11.48 billion U. S. dollars in a year ...
http://news.xinhuanet.com/english/business/2013-01/09/c_132091653.htm
Riot Police Stop March on Last Day of Summits
A group of roughly 100 anti-eviction protestors were blocked by riot police yesterday from marching to Prime Minister Hun Sen’s Peace Palace to appeal to U.S. President Barack Obama for help in reforming Cambodia’s land rights policy. The protest, which took place at the Boeng Kak ...