'Ransomed' workers returned to Cambodia
All but three of a group of 20 Cambodians who were held against their will on a fishing boat in Thailand had returned after agreeing to pay a fee for “transportation”, a police official said yesterday. The men, believing they were heading to jobs in Koh ...
Manulife enters Cambodia's burgeoning insurance market
Canadian insurance and financial services company Manulife Financial officially launched its Cambodian country office on June 28, one of several new players seeking to enter one of Southeast Asia’s still-untapped markets. Britain’s No.1 insurer Prudential said last week it had approval from the Cambodian government to open a wholly foreign-owned life insurance operation. Manulife, the world’s ...
Small concession in eviction fight
Authorities have partially backed down on an order forcing 196 residents in Phnom Penh’s Por Sen Chey district to move their homes, but refused to scrap the plan completely when confronted at Chaom Chao commune hall yesterday. Phuong Sopheap, one of about 20 residents that congregated ...
Strikes lead to cut in orders
Global brands Levi’s and Gap had slashed their orders from the Tai Yang and Camwell garment factories by 20 per cent, the factories’ boss said yesterday, amid the longest strike in the industry’s recent history. Tai Yang Enterprises manager Wu Minghuor said his company had shuttered ...
Cambodia's energy costs deter investors
Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...
http://www.phnompenhpost.com/2013020761221/Business/cambodia-s-energy-costs-deter-investors.html
Vehicle Imports up 45 pct in first half
Ministry of Commerce officials maintained that low import taxes and increased demand from consumers were the causes behind the 45.26 increase in vehicle imports in the first half of 2012 compared to the same period last year. The data showed 486,827 vehicles, of all makes and ...
The Credit Bureau Cambodia at the five-month mark
Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...
Rain Provides Small Respite for Families in Koh Kong Drought
Several days of rain have finally brought relief to hundreds of families in Koh Kong province’s Khemara Phoumint City who had been without water for two weeks because the reservoir that provides their supply dried up during hot season. LYP Group, a company owned by ...
Rainsy, Sokha Draw Large Crowds in Siem Reap
SIEM REAP CITY/KOMPONG THOM CITY – Opposition leaders Sam Rainsy and Kem Sokha led a parade of more than 20,000 supporters on Wednesday through the streets of Siem Reap City in what was the second-largest turnout for an opposition rally since Mr. Rainsy landed in ...
http://www.cambodiadaily.com/elections/rainsy-sokha-draw-large-crowds-in-siem-reap-36614/
Jail Sentence for Anti-Eviction Activist Upheld
The Court of Appeal on200;Friday upheld the guilty verdict for anti-eviction activist Yorm Bopha, but reduced her sentence from three-to two-years imprisonment, of which one year was suspended. The ruling means that Ms. Bopha will not be released until late 2014. Supporters and human rights groups ...
http://www.cambodiadaily.com/news/jail-sentence-for-anti-eviction-activist-upheld-31073/
Hun Sen Mocks Opposition Request for Donors to Freeze Aid
Prime Minister Hun Sen on Saturday rebuked the opposition for urging foreign donors to refrain from signing any new agreements with the government until after the election and boasted of a new $26 million handed over last week by the European Union (E.U.) E.U. Ambassador ...
http://www.cambodiadaily.com/news/hun-sen-mocks-opposition-request-for-donors-to-freeze-aid-31547/
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Chamber wants new tax laws
The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ...
http://www.phnompenhpost.com/business/chamber-wants-new-tax-laws
Factory’s contracts seen as ‘test case’ for brands
A garment factory’s alleged efforts to wipe workers’ contract histories clean could be a “test case” for how much international buyers tolerate factories negotiating outside of legal requirements, a labour-rights advocate has said. After effectively being bought out of their contracts, about 300 employees of USA ...
Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/factory%E2%80%99s-contracts-seen-%E2%80%98test-case%E2%80%99-brands
Disability Services to Be Rolled Out in Provinces
Cambodia will on Tuesday introduce measures intended to better serve disabled people living in the provinces and will hold its first workshop on the draft of a new five-year plan to improve disability services, the government said at an annual meeting of members to the ...
Zsombor Peter
http://www.cambodiadaily.com/news/disability-services-to-be-rolled-out-in-provinces-48641/
Cambodia Police, Garment Workers Clash Amid Strike
Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...
Sun Narin and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702303799404579283802423278442
Mercedes-Benz Distributor to Halt Repairs on Illegal Imports
Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...
Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/
Still No Agreement Over Opposition Marches
A meeting between representatives of the CNRP and Phnom Penh City Hall officials Monday failed to produce an agreement over the opposition party’s plans to march throughout the city during its three consecutive days of demonstrations starting Wednesday. City Hall officials last week decreed that the ...
Mech Dara and Alex Willemyn
http://www.cambodiadaily.com/news/still-no-agreement-over-opposition-marches-45629/
Thailand, Japan Donate to Flood Relief Efforts
The governments of Japan and Thailand as well as the Thai community in Cambodia have decided to donate goods and cash totaling about $520,000 to flood relief in Cambodia, officials said Tuesday. The Japanese government will donate about $400,000 in an official ceremony this morning at ...
Denise Hruby and Aun Pheap
http://www.cambodiadaily.com/news/thailand-japan-donate-to-flood-relief-efforts-45714/
Cambodia's Angkor heritage site attracts nearly 2 mln foreign tourists in 11 months
Cambodia’s Angkor Wat Temple, one of the world heritage sites, had received some 1.98 million international visitors in the first 11 months of 2013, up 8 percent from 1.83 million tourists over the same period last year, a tourism report said Wednesday. During the January-November ...
Global Times News Staff
http://www.globaltimes.cn/content/832841.shtml#.UrJemdIW2ls