Planned Multimillion-Dollar Sugar Plantation Suspended
Mong Reththy Group has suspended a $115 million sugar plantation project that has been three years in the works, CPP Senator Mong Reththy said yesterday. According to Mr Reththy, the suspension is due to “internal” issues facing the French partner in the project, Groupe Sucres ...
HLH to Expand With Corn, Rice Plantations
Singapore-listed firm HLH Group is planning to expand its presence in Cambodia with 90,000 hectares of corn, rice and soybean plantations planned over the next decade in Kompong Speu and Koh Kong provinces, an official at the company said yesterday. HLH Group came under scrutiny ...
(Simon Marks and Kuch Naren, p 29)
http://www.camnet.com.kh/cambodia.daily/
Families Call for Boycott of Senator's 'Blood Sugar'
After years of futile protests demanding their land back, villagers forcibly evicted by sugarcane plantations connected to CPP Senator Ly Yong Phat launched a boycott campaign yesterday targeting the international firms that sell his sugar. Thousands of families accuse the senator’s plantations of forcing them off ...
Concern Over Chinese Investment
Cambodia’s largest opposition party has expressed concern that China’s investment in the country is heavily skewed towards exploiting natural resources, wreaking havoc on the environment. China is Cambodia’s largest investor by a wide margin, having poured U.S. $9.7 billion into the country over the past 18 ...
http://www.rfa.org/english/news/cambodia/china-02072013175545.html
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm
Factory rejects order to rehire 19 workers
Flouting a government order, representatives of SL Garment Processing (Cambodia) Ltd yesterday refused to rehire 19 union representatives and activists during a meeting with the Ministry of Labour. Rehiring the 19 has been the key sticking point in ending the three-month-old strike, which erupted into violence ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/factory-rejects-order-rehire-19-workers
Unions press ahead with strike plans despite arrest threats
Union leaders planning a stay-at-home strike to demand a higher minimum wage for the country’s garment workers say they will press on with the strike after the Khmer New Year, despite the threat of arrest for anyone handing out leaflets promoting their plans. On Sunday, a ...
Mech Dara
http://www.cambodiadaily.com/news/unions-press-ahead-with-strike-plans-despite-arrest-threats-56012/
Sunwah Group sees investment potential in Cambodia
Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501469668/sunwah-group-sees-investment-potential-in-cambodia/
Dry season temperature to hit 41 degree Celsius
The temperature during the dry season in 2024 is expected to reach 41 degrees Celsius, according to the Ministry of Water Resources and Meteorology. ...
Nop Sreymao
https://www.khmertimeskh.com/501412858/dry-season-temperature-to-hit-41-degree-celsius/
Burger King Says No Plans to Open in Country
U.S. fast-food chain Burger King said yesterday that no one holds the rights to open a branch of its restaurant in Cambodia, despite job advertisements appearing online featuring the company’s logo. . “Currently, we do not have any established franchisee in Cambodia,” Tan Ching Ee, marketing ...
Thais to urge transport push
Thailand will propose to Cambodia that they jointly develop border areas and transport links between the two countries, Deputy Prime Minister and Foreign Minister Surapong Tovichakchaikul said yesterday. Thailand will also develop roads, railways and border checkpoints, he said. Proposed road projects include improving roads Nos.5, ...
http://www.bangkokpost.com/news/local/352101/thais-to-urge-transport-push
Thailand, Cambodia Recommit to Border Growth
The foreign ministers of Thailand and Cambodia signed a memorandum of understanding in Phnom Penh yesterday reconfirming their commitment to developing their joint border with new economic zones, checkpoints and a 1,800-MW power plant. “We have agreed to create four international checkpoints to improve trade ...
Private property, public greed in Cambodia
Mark Moorstein knew little about Cambodia before he got involved in a lawsuit on behalf of land owners there. But as it’s turning out, the suit could end up affecting most every country in Asia. Moorstein is a land-use lawyer in Northern Virginia who, like many ...
Canada farm inks MoU with Prek Leap agriculture college
Toronto-listed Asia Green Biotechnology Corp (AGB) has inked a memorandum of understanding (MoU) with the Prek Leap National Institute of Agriculture in Phnom Penh (Prek Leap) to advance production techniques of medicinal and commercial crops. ...
May Kunmakara
https://www.phnompenhpost.com/business/canada-farm-inks-mou-prek-leap-agriculture-college
Authorities threaten protesting unionists with crackdown
A police official in Kompong Speu province said Thursday that the military might confront garment workers protesting the arrests of two colleagues if they did not stop demonstrating outside provincial government buildings.Around 600 workers from the Hong Kong-owned Agile Sweater factory protested outside the provincial ...
Ben Sokhean
https://www.cambodiadaily.com/news/authorities-threaten-protesting-unionists-with-crackdown-98060/
Cambodia to host rice event
After winning the World’s Best Rice Award for two years running at the World Rice Conference, Cambodia has been selected to host this year’s annual event. The World Rice Conference is a networking event that brings together rice industry professionals from all over the world. Initiated ...
Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-host-rice-event
New lotto company enters a shrinking industry
A Hong Kong company is hoping to attract a sizeable slice of Cambodia’s lottery market with the opening of outlets in Phnom Penh and around the country next month, according to the CEO of the firm’s local subsidiary. EGame Solutions, the parent company of Cambodian Mark ...
George Styllis
http://www.cambodiadaily.com/business/new-lotto-company-enters-a-shrinking-industry-72046/
NagaWorld posts $136M profit
On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit
KiwiPay plan merger with Meal Temple
Hong-Kong-based fintech firm Kiwi Pay Group Co Ltd (KiwiPay) announced a strategic merger with Cambodian food and grocery delivery start-up Meal Temple Group Pty Ltd to enter more developing markets with a new app called KiwiGo. ...
Thou Vireak
https://www.phnompenhpost.com/business/kiwipay-plan-merger-meal-temple
Cambodia-HK expo tipped to increase trade
Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-hk-expo-tipped-increase-trade