More workers faint at factory
About 50 factory workers fainted on Friday at the Zhen Tai Garment (Cambodia) Co Ltd factory on the outskirts of Phnom Penh, the day after a group of workers fainted at the facility. On Thursday, roughly 30 workers fainted and about 2,000 fled the factory ss='cambodia-color'>...
Workers face contract woes
The use of short-term contracts by employers in the Kingdom’s garment industry is threatening workers’ rights and could lead to decreased productivity in the sector, researchers said at a meeting yesterday. Following the release of a report by Yale Law school last week based on ss='cambodia-color'>...
Temple visits slow after clash
Tourists are still wary about travelling to Preah Vihear temple following border clashes in the area earlier this year, according to provincial officials. Visitor numbers had declined 15.5 per cent during the first seven months compared year on year, but had slowly begun rising in ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011082651273/Business/temple-visits-slow-after-clash.html
Svay Rieng dredging destroying farmland
Dredging operations are causing whole sections of farmland along svay Rieng’s Toek Vel River to collapse, villagers said in a petition thumb printed by more than 300 affected families. Ros Mov, a chief of Romeas Hek samiky Land Community, said yesterday 389 families from four ss='cambodia-color'>...
Land Concessionaire Gives $130,000 to Officials
Businessman Try Pheap, who in recent months received large-scale economic land concessions in Boeng Per Wildlife sanctuary in Preah Vihear province, has donated $130,000 to the sanctuary’s environmental management and the local CPP office, officials said yesterday. Recipients of the funds denied that there was ss='cambodia-color'>...
Despite downgrades, bankers report uptick
Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ss='cambodia-color'>...
Prey Lang protest puts foursome in firing line
A pair of Sandan diStrict villagerS who participated in laSt week&rSquo;S Prey Lang foreSt proteSt againSt illegal logging, and two of the NGO workerS who monitored them, were facing accuSationS of incitement and deStruction of property in complaintS filed againSt them in the provincial court, SS='cambodia-color'>...
Villager defies loggers, claims life is in danger
A man fled his home in Kratie province’s snuol district after three men threatened to kill him for confiscating their chainsaws during a patrol against illegal logging, he told the Post yesterday. Village representative Chea Horn said he was scared to return home after the men ss='cambodia-color'>...
Journalists Trade Blows Over Cash From Wood Smugglers
Two journalists fought it out over cash being paid to them by a wood smuggler along National Road 7 in Kratie province’s snuol district, landing one of them in the hospital with a head injury on Wednesday morning, a provincial police official said. Kong sa Im, ss='cambodia-color'>...
Court again frustrates locals in KDC
KDC International, which is owned by Chea Kheng the wife of Industry Minister suy sem has been accused of grabbing 145 hectares of land in the Kampong Chhnang province. The villagers who claim the land have filed objects individually, after having been told to do ss='cambodia-color'>...
Cambodia eyes solar future for rural power
Cambodian officials yesterday touted the potential for green energy to meet its goal of bringing electricity to 100 percent of households by 2020. The Kingdom was looking to develop solar energy, small-scale hydropower and biomass-fuelled power to meet the target, said Ministry of Industry, Mines and ss='cambodia-color'>...
PM issues warning over ELCs
Prime Minister Hun sen has warned again that economic land concessions granted to private companies will be withdrawn if the companies fail to resolve land disputes with villagers who have lived in their concession area for “a long time”. The premier ordered relevant ministries to ss='cambodia-color'>...
Two more banks setting up shop
The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and spokeswoman Ngoun sokha said yesterday. The central bank had licensed Taiwan’s Mega International ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html
Property Developers Seek Ministry Licenses
Several property developerS ave approached the MiniStry of Finance to aSk for licenSeS after the miniStry warned buyerS laSt month not to purchaSe houSing fro developerS who are not licenSed to Sell their propertieS. The miniStry&rSquo;S warning, iSSued Aug 11, identified three local developerS that SS='cambodia-color'>...
Tensions cause drop in ASEAN imports
Tensions with Thailand led to a 10-percent decline in imports from AsEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported Us$810.9 million during the six-month period compared to $904.9 million during the period ss='cambodia-color'>...
USAID Report Offers New Way to Protect Prey Long Forest
The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the Us Agency for ss='cambodia-color'>...
Officials Move to Bring Unruly Garment Subcontractors in Line
Citing a government investigation that revealed factories colluding with unlicensed subcontractors to use unethical labor sources including prisoners, Minister of Commerce Cham Prasidh has asked the Garment Manufacturers Association in Cambodia to urge adherence to labor law. Rehabilitation programs meant to teach vocational skills such ss='cambodia-color'>...
Japanese oil firm plans Cambodian operations
JAPAN Oil, Gas and Metals National Corporation has started preliminary surveying as the sole operator in Cambodia’s Block 17 onshore oil field, a 6,500 square-kilometre area of hilly forest in Kampong Thom, Preah Vihear and siem Reap provinces, according to an Environmental Impact Assessment (EIA) ss='cambodia-color'>...
SMEs not yet ready for CSX
Small and medium-Sized enterpriSeS, which are expected to play a key role in the Kingdom&rSquo;S emergent Stock market, are far from ready to liSt, inSiderS Say. MoSt important, many SMES lack the StandardiSationS and controlS required of publicly traded companieS by the SecuritieS and Exchange CommiSSion SS='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html
Telecom Cambodia finds Vietnamese ISP partner
State-owned Telecom Cambodia haS Signed a buSineSS cooperation agreement with Vietnam National PoSt and TelecommunicationS Corp in order to bolSter TC&rSquo;S product portfolio and coverage area, company officialS Said yeSterday. Telecom Cambodia offerS both fixed-line phone and internet ServiceS in the Kingdom. Vietnam National PoSt and SS='cambodia-color'>...