Investors show confidence in The Peak
After a suit and tie gala event at Sofitel this month that aimed to drum up local support for the newly launched luxury residence The Peak – the most expensive condominium project to date at a tune of $580 million, Rithy Sear, WorldBridge Chairman, announced ...
Kali Kotoski
http://www.phnompenhpost.com/real-estate/investors-show-confidence-peak
Linking villagers to health services
On the day 55-year-old Leangkim Theng was selected as a village health volunteer, she was not sure she could do it. The work required her to educate women on maternal and newborn health in Serei Sokha village of Kratie province. While she did not feel she ...
Khmer Time Team
http://www.khmertimeskh.com/news/29910/linking-villagers-to-health-services/
P Vihear Villagers Protest at National Assembly
More than 350 villagers from Preah Vihear province protested in front of the National Assembly on Friday, asking for support from lawmakers in their dispute with military veterans. The villagers, representing some 370 families in Kulen district’s Srayong commune, said that the land on which they ...
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
Tuol Kork on the rise
Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...
http://www.phnompenhpost.com/index.php/Real-Estate/tuol-kork-on-the-rise.html
King Father Norodom Sihanouk passed away
King Father Norodom Sihanouk passed away today in Beijing at the age of 89, 59 years after he declared Cambodia’s independence from France. Sihanouk was a greatly charismatic leader revered as something of a God King during the height of his power in the 1950s and ...
Union Official Forced to Sign ‘Confession’
A union representative who was beaten and detained by police during a protest Wednesday was released after being forced to sign a statement taking responsibility for starting a fight with authorities, union officials said yesterday. A bloodied Rong Panha, a representative of the Cambodian Alliance of ...
Campu and Acleda Post Strong Earnings for First Six Months
Despite being downgraded by Moody’s just over two months ago, profits at Cambodian Public Bank (Campu) and Acleda Bank—two of the largest banks in the country—increased by about 50 percent during the first half of the year, according to figures provided by the banks yesterday. In ...
A factory’s fainting crisis
In a single factory that supplies some of the biggest international brands, faintings occurred every day for five years, a new investigation by the Cambodian Legal Education Centre has found. Until just weeks ago, when the management installed new fans, three to four garments workers were ...
http://www.phnompenhpost.com/index.php/2012110759624/National-news/a-factorys-fainting-crisis.html
Workers at Factories Supplying Major Brands Continue Protests
About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs. Upon arriving at the ministry, workers employed by the ...
Loans, deposits mirroring growth
Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...
http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html
First crop of stevia is successful: company
Stevia Nutra Corporation, a Canadian agro-company, said in a press release on Friday that the initial growing season of stevia, commonly known as sweetleaf, in Cambodia was successfully completed. The first harvest of high-quality stevia leaves has now commenced and samples have been prepared for testing ...
http://www.phnompenhpost.com/2013031861981/Business/first-crop-of-stevia-is-successful-company.html
National silk board planned
A national silk board (NSB) under the Ministry of Commerce is being planned to weave tighter regulations into the Kingdom’s silk industry, the lack of which has deterred investors and hurt its export potential, according to industry representatives. Minister of Commerce Cham Prasidh said last week ...
http://www.phnompenhpost.com/2013060366008/Business/national-silk-board-planned.html
Thousands expected to visit Kep sea festival
At least 20,000 tourists and travellers will participate in the so-called “sea festival” at the end of this year, officials at the Kep province tourism department said. The two-day event, which started in 2011 as a tourism booster for the country’s coasts and beaches, was cancelled ...
http://www.phnompenhpost.com/business/thousands-expected-visit-kep-sea-festival
Mortgage Lending Rises for New Home-Buyers
Cambodians, particularly young adults, are more often turning to banks to help them buy their homes, according to figures obtained from the National Bank of Cambodia (NBC) yesterday. From $179 million in 2008, the total sum lent out to those buyers fell to $94.5 million ...
http://www.cambodiadaily.com/business/mortgage-lending-rises-for-new-home-buyers-20083/
Fish tale: A million released
A million fish formed the front line of the conservation fight yesterday, when Agriculture, Forestry and Fisheries officials released them in Kampong Thom provincial waters, celebrating the launching of a national aquaculture institute. Yesterday’s celebration of National Fish Day in Baray district marks the official start ...
http://www.phnompenhpost.com/2013070266609/National/fish-tale-a-million-released.html
Anti-Eviction Protesters Burn Tires, Block City Hall
About 30 anti-eviction protesters from the Boeng Kak lake community, along with 20 Buddhist monks, blocked the gates of Phnom Penh municipal hall and burned tires Monday demanding more compensation for evicted families, and calling for the removal of governor Pa Socheatvong. During the daylong demonstration, ...
Khuon Narim
http://www.cambodiadaily.com/news/boeng-kak-anti-eviction-protesters-burn-tires-block-city-hall-49608/
Cambodia near top of list for expat workers
Cambodia is one of the most attractive countries for expatriates working for US companies in ASEAN, according to a survey of 475 US business executives from throughout the region. Of those surveyed in Cambodia, 65 per cent reported that employees in other locations requested to relocate ...
http://www.phnompenhpost.com/business/cambodia-near-top-list-expat-workers
Council accepts first complaint in process
Though most of the opposition complaints reviewed by the Constitutional Council have been dismissed so far, one has been deemed credible and appropriate, a council spokesman said. According to spokesman Uth Chhorn, one complaint regarding a campaign-period clash between supporters of the opposition Cambodia National Rescue ...
Tragedy hits home
Seven Cambodians are now believed to have been killed and 14 injured by a falling beam at a construction site in Thailand on Tuesday, Foreign Affairs spokesman Koy Kuong said yesterday. “Cambodian embassy officials in Bangkok are working with the Thai police to find out the ...
Cheang Sokha and Shane Worrell
http://www.phnompenhpost.com/national/tragedy-hits-home