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Cost pressure squeezes Asian growth

I attended a meeting in Chengdu, Sichuan Province last week. The most frequent word mentioned by local officials and scholars there was “industry.” They are very proud that the number of local jobs created in Sichuan has now surpassed the number of workers leaving to ...

http://www.globaltimes.cn/content/732893.shtml

Focus on 'Secession' Trial Shifts Back to Mam Sonando

Independent radio station owner Mam Sonando mounted a spirited defense during the third and last day of testimony at the Phnom Penh Municipal Court yesterday in his trial for allegedly leading a secessionist group. At time raising his voice, waving his arms and grabbing his head ...

Corn prices to rise with new Thai policy

Cambodian officials in provinces bordering Thailand said the price of Cambodian corn would increase as a result of a reduced supply and a new Thai government policy of importing more corn for animal processing. The Bangkok Post reported on Tuesday that the Thai cabinet approved the ...

http://www.phnompenhpost.com/2013012560987/Business/cambodian-corn-prices-to-rise-with-new-thai-policy.html

Need for more transparency

GREATER transparency along the garment supply chain, from producers to buyers, is required in order to strengthen the accountability of retailers, factories and governments in protecting the rights of workers, Ou Virak, president of the Cambodian Center for Human Rights, said yesterday. Speaking in Phnom ...

http://www.phnompenhpost.com/2013022861656/Business/need-for-more-transparency.html

Protesters End Roadblock Empty-Handed

Srey ambel district, Koh Kong province – A roadblock by locals in a long-running land dispute with CPP Senator Ly Yong Phat petered out after several hours in the dying rain on Saturday without the protesters winning any concessions from either the senator’s firm or ...

Police reopen OZ, Cochlear bribery cases

THE Australian Federal Police will reopen corruption inquiries into major Australian companies OZ Minerals and Cochlear, after searing criticism that it was lax in its investigations. OZ Minerals will be targeted following discussions with the OECD about the AFP’s previous investigation of alleged foreign ...

http://www.smh.com.au/business/police-reopen-oz-cochlear-bribery-cases-20130112-2cmrt.html

Property Prices See First Rise Since 2009

Property prices in Phnom Penh are rising for the first time since 2009, growing by as much as 10 percent in some areas of the capital during the first quarter of the year, real estate experts said yesterday. After years of stagnation in the property sector ...

Arbitrator Rules On Future of Gold Tower 42

Arbitrators in Seoul have ruled that the company contracted to build the $240 million Gold Tower 42 project in Phnom Penh was in breach of contract after failing to raise funds to finish the project, which resulted in work stopping almost two years ago, a ...

Gourmet Peanut Producer Brings Local Foods Into the Spotlight

Working out of the back of her home in Russei Keo district, Sothearith Neou and a half dozen of her friends and family roast, caramelize and add herbs to gourmet peanuts from 7 a.m. until late at night—trying to fill a seemingly endless number of ...

Garment Worker Demonstrations Pay Dividends

At the M&V International Manufacturing Factory in Kompong Chhnang province last week, 5,000 workers filed through the gates, sat behind their neat rows of sewing machines and refused to work. A year earlier, hundreds of female workers had fainted at the factory after complaining of ...

Sonando Jailed for 20 Years; Sentence Denounced

The Phnom Penh Municipal Court handed down a 20-year jail sentence to independent radio station owner Mam Sonando yesterday for his role in fomenting an alleged secessionist movement in a decision drawing condemnation from human rights groups and some of Cambodia’s main foreign donors. The court ...

New outsourcing players challenge export giants

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

http://www.just-style.com/management-topic/new-outsourcing-players-challenge-export-giants_id115700.aspx

High Costs Cripple Trading Firms, Report Says

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

Disputed land to be returned to villagers

More than 8,000 hectares of land was cut from economic and forest land concessions owned by some of the country’s biggest tycoons and awarded to villagers last month, according to documents from the Council of Ministers. Four sub-decrees signed by Prime Minister Hun Sen order that ...

http://www.phnompenhpost.com/2013012160890/National/disputed-land-to-be-returned.html

Stocks still an unknown for many Cambodians

Despite interest in participating in the stock market, confusion as to how and where to invest in the Cambodia Securities Exchange still persists among many Cambodians without close ties to or backgrounds in trading. After the much-anticipated and long-delayed launch of CSX trading last week, Soun Sokret, an ...

http://www.phnompenhpost.com/index.php/2012042555749/Business/stocks-still-an-unknown-for-many-cambodians.html

Cambodia's gems and jewelry sector set to shine

Inside a nondescript villa in central Phnom Penh, men and women in white lab coats peer through lenses, carefully studying the magnified objects in front of them. But these aren’t biologists researching cell division or bacteria; these are gem testers concerned with inclusions and refractive indices on rubies, sapphires and other precious stones. They are working ...

http://www.etmcambodia.com/blog.php?article=499

Senator Tries to Settle Court Case With Cash

CPP Senator Ly Yong Phat visited families embroiled in a long-standing land dispute with a Thai-owned sugar company on Monday in an attempt to convince them to drop their complaints against the firm at the court, villagers and officials said yesterday. The visit comes as pressure ...

Cambodia explores carbon

Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...

http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html

Google Launches Khmer Translation Service

Internet search giant Google on Friday launched a new service that for the first time allows users to instantly translate Khmer script into other languages. Khmer is the most recent addition to the 66-strong collection of languages between which words, sentences or whole websites can be ...

http://www.cambodiadaily.com/news/google-launches-khmer-translation-service-19417/

Moving towards e-commerce

Motorbikes, vegetables, iPhones, artwork, or even land on which to build a house – a quick browse through website 7Makara.com gives the impression of a Cambodian eBay or Amazon. The difference, however, is that you can’t complete the transaction from the convenience of your bedroom. In ...

http://www.phnompenhpost.com/2013061266208/Business/moving-towards-e-commerce.html

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