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Blind eye to forest's plight

Rangers paid by an internationally funded conservation organisation have been directly profiting for years from the very trade they are supposed to be preventing in southwest Cambodia, documents obtained by the Post allege. Former Conservation International (CI) staff members say when they spoke up about endemic ...

http://www.phnompenhpost.com/index.php/2012032655247/National-news/blind-eye-to-forests-plight.html

MFI lending continues on course

Cambodia’s microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests. ...

Hor Kimsay
http://www.phnompenhpost.com/business/mfi-lending-continues-course

ANZ Implicated in Sugar Plantation Evictions

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the bank helped to finance in Kompong Speu province. The NGOs also made public a 2013 social and environmental impact assessment of ...

Zsombor Peter
http://www.cambodiadaily.com/business/anz-implicated-in-sugar-plantation-evictions-50980/

Factory flaws go live

Unionists and labour rights officials are applauding a website scheduled to go live today that will hold to account garment factories that flout Cambodia’s labour law. The site, created and maintained by the International Labour Organization’s (ILO) Better Factories Cambodia (BFC) program, will publicly name factories ...

Sean Teehan
http://www.phnompenhpost.com/national/factory-flaws-go-live

British PM's trade envoy to visit Cambodia to boost trade, investment ties

British Prime Minister’s Trade Envoy Lord Puttnam will visit Cambodia from March 4 to 7 to strengthen bilateral trade and investment relations, according to a press statement from the British Embassy here on Monday. During his visit, Lord Puttnam will call on Prime Minister Hun ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/euruope/2014-03/03/c_133157100.htm

Cellcard's COO Kay Lot resigns

One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned. The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago. Telecommunications industry insiders say the otherwise healthy and profitable ...

http://www.phnompenhpost.com/index.php/2012090758552/Business/cellcards-coo-kay-lot-resigns.html

Bogus firms prey on rural poor

The government yesterday named three bogus companies that have taken deposits from ordinary Cambodians and later absconded, after promising them monthly returns in the form of high interest rate payments. ...

May kunmakara
http://www.khmertimeskh.com/news/27682/bogus-firms-prey-on-rural-poor/

NagaCorp commissions independent report on AML risk

NagaCorp Ltd, the operator of the NagaWorld casino resort (pictured) in Phnom Penh, Cambodia, says it has commissioned “an independent professional party to review the internal controls of the company and its subsidiarieswith a focus on anti-money laundering”. The firm gives the information in its interim ...

GGRAsia News Staff
http://www.ggrasia.com/nagacorp-commissions-independent-report-on-aml-risk/

Businesses up, reveals survey

Cambodia increased the number of business enterprises it had to 513,759 companies at the end of March last year, up from the 463,363 enterprises accounted for in 2011, according to the final results of the 2014 Cambodia Inter-Censal Economic Survey. ...

Hor Kimsay
http://www.phnompenhpost.com/businesses-reveals-survey

Businesses know little of the letter of the law

Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and ...

http://www.phnompenhpost.com/index.php/2012082358230/Business/businesses-can-benefit-from-cambodian-law.html

EU resolution passed against sugar abuses

The European Parliament has passed a resolution calling on the bloc’s executive body to urgently act on an EU preferential trade scheme found to have carried high risks of human rights violations in Cambodia through land evictions for industrial sugar development. In a January 16 resolution, ...

Kevin Ponniah
http://www.phnompenhpost.com/national/eu-resolution-passed-against-sugar-abuses

Little appetite for garment strike in Phnom Penh

Most garment factories did not open for business Thursday, choosing to extend the Khmer New Year holidays—which officially ended Wednesday—rather than face industrial action in the form of a planned nationwide stay-at-home strike. However, a number of workers interviewed Thursday said they knew nothing about the ...

Zsombor Peter and Mech Dara
http://www.cambodiadaily.com/news/little-appetite-for-garment-strike-in-phnom-penh-56695/

World Bank raps dam study firm

The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the bank for three ...

http://www.phnompenhpost.com/index.php/2012072057536/National-news/world-bank-raps-dam-study-firm.html

Rubber giant to hear villagers’ complaints

More than 15 months after a Global Witness report revealed that Vietnam’s state-owned rubber giant had illegally cleared land and displaced communities in Cambodia, the company has announced that it will accept and respond to complaints from those whose lives it has damaged. Vietnam Rubber Group, ...

Matt Blomberg
http://www.cambodiadaily.com/news/rubber-giant-to-hear-villagers-complaints-67074/

Cambodia bond a possibility

The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...

Hor Kimsay
http://phnompenhpost.com/business/cambodia-bond-possibility

Railway audit finds poor maintenance of tracks

Toll Royal Railway, the private operator of Cambodia’s train service, has no system in place to regularly inspect the state of its tracks, and lacks qualified inspectors to check either tracks or bridges, according to a recent safety audit of the firm’s Phnom Penh operations. The ...

Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/railway-audit-finds-poor-maintenance-of-tracks-55756/

US House passes B Kak bill

A draft US law that would require the World Bank to regularly report to congress about the condition of families displaced or still living in the Boeung Kak lake area was approved Wednesday by the House of Representatives. The bill includes language that specifically requires the ...

Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/us-house-passes-b-kak-bill

China's aid vital to Cambodia: finance minister

China’s assistance to Cambodia is very important for the country’s economic and social development, Cambodian Deputy Prime Minister and Finance Minister Keat Chhon said Tuesday. He said from 1992 to present, China has provided 2.7 billion U. S. dollars in soft loans and grants to ...

http://www.globaltimes.cn/content/779888.shtml#.UYm2L6Kj2xA

Thai rice cuts pose problems

Thailand’s recent announcement of a 20 per cent price cut within the government rice-pledging scheme will have little impact for Cambodian exports, but farmers may feel the effects, say industry insiders. In an article published in the Bangkok Post on June 19, Thailand’s cabinet had agreed ...

http://www.phnompenhpost.com/2013062166407/Business/thai-rice-cuts-pose-problems.html

Mum’s the word at yearly brand forum

Cambodia’s biggest international garment brands met yesterday to discuss wage issues, strikes and worker conditions, among other of the industry’s most pressing topics. But in a year marked by a fatal building collapse at the Wing Star Shoes factory in Kampong Speu, mass demonstrations, and bankruptcies ...

Sean Teehan
http://www.phnompenhpost.com/national/mum%E2%80%99s-word-yearly-brand-forum

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