Mega-bank joins forces with Canadia
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom. The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager ...
http://www.phnompenhpost.com/2013030161679/Business/mega-bank-joins-forces-with-canadia.html
Laos, Cambodia eye a single-visa policy
Laos is considering a single-visa scheme with its neighbours Thailand and Cambodia to promote balanced development in the subregion, officials said. The Lao government will hold talks with Cambodia, possibly at the end of this month, to learn from Phnom Penh’s experience in this matter, a ...
http://www.phnompenhpost.com/2013032264622/Business/laos-cambodia-eye-a-single-visa-policy.html
PH to import rice from Cambodia
Just recently, the Philippines government signed a memorandum of agreement (MOA) on rice trade with the Kingdom of Cambodia to pave the way for the National Food Authority (NFA) to import rice from that country for the next two years. The Department of Foreign Affairs (DFA) ...
http://www.mb.com.ph/article.php?aid=6537&sid=1&subid=1#.UWIeFaKj2xA
Fear keeps workers at home
When the garment factory that employs her opened its doors yesterday for the first time since Sunday’s election, Chan Neoun was about 130 kilometres away, at home in Svay Rieng province. Intense rioting and a military crackdown were just some of the rumours flying around ...
http://www.phnompenhpost.com/business/fear-keeps-workers-home
Agreement Inked on Trade Loans in Cambodia
The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...
Unequal treatment at Cambodian factories
The ongoing story of garment workers left jobless by company closures in late December is fast becoming A Tale of Two Factories: one group of workers has everything before it, the other has nothing. It’s this widening gulf between workers at Yung Wah Industrial and Kingsland ...
http://www.phnompenhpost.com/2013022561588/National/unequal-treatment-at-factories.html
Labour shortage in Cambodia's garment industry
Cambodia’s garment factories face a shortage of workers, because of migration, more job opportunities in different sectors and poor labour conditions, industry experts said. According to Ken Loo, secretary general of the Garment Manufacturer’s Association in Cambodia, there is a definite shortage of labour in Phnom ...
UN Envoy Meets Land Dispute Villagers on First Day Mission
U.N. human rights envoy Surya Subedi, who arrived in Cambodia Sunday on a five-day mission, spent yesterday, International Human Rights Day, in Kompong Chhnang province with about 300 villagers from a community embroiled in a long-running land dispute with the wife of a government minister. James ...
KTH mall to be officially inaugurated
The KTH Premium Power Mall, opposite the Chinese Embassy in Phnom Penh, will be officially inaugurated on March 1 by K Thong Huot Telecom Co (KTH). The 1,200-square-metre mall will focus on international brands of electronic products. A mall representative told the Post the business would cater ...
http://www.phnompenhpost.com/2013022661601/Business/kth-mall-to-be-officially-inaugurated.html
Local banks gain trust: survey
Nearly nine out of 10 Cambodians have confidence in local financial institutions, a trend that stands in sharp contrast to Europe and the US, a poll published last week found. However, industry insiders question the results, as the Kingdom’s financial services are still under-developed. The poll ...
http://www.phnompenhpost.com/2013052765847/Business/local-banks-gain-trust-survey.html
Opposition Asks Donors to Stop Work With Government
Lawmakers from the opposition SRP and Human Rights Party who were expelled from Parliament earlier this month have called on the foreign diplomatic corps and international donors to stop signing agreements and conducting other business with the government of Prime Minister Hun Sen. In a letter ...
http://www.cambodiadaily.com/elections/opposition-asks-donors-to-stop-work-with-government-31421/
ILO Says Fire Safety Measures Lacking in Garment Sector
Cambodia’s garment industry is experiencing a worrying rise in fire safety violations as factories struggle to cope with a sharp increase in the number of orders they are receiving, the International Labor Organization’s (ILO) Better Factories Cambodia program (BFC) said in a report on Thursday. The ...
http://www.cambodiadaily.com/news/ilo-says-fire-safety-measures-lacking-in-garment-sector-18628/
Against the Grain
On the palm-studded plains of Cambodia, rice farmers’ eyes light up with the prospect of sending their crop northward to China. The poor Southeast Asian nation had been trying for several years to export rice to the mainland but only last year did it gain ...
http://www.chinaeconomicreview.com/china-rice-demand-market-import
Cambodia's rice output tipped to fall: FAO
The United Nations‘ Food and Agriculture Organisation (FAO) predicts the paddy output in Cambodia this year will decline, according to its Rice Market Monitor (RMM) issued on Monday. Paddy output in Asia is forecast at 661 million tonnes, or 441 million tonnes on a milled basis, ...
Japan to strengthen local SME’s capacities
The Japan International Cooperation Agency (JICA) announced yesterday that it will provide technical support for Cambodian small and medium-size enterprises (SMEs), strengthening their capacities through the establishment of a national policy, officials said. Meng Saktheara, director-general of the General Department of Industry at the Ministry of ...
http://www.phnompenhpost.com/2013030561745/Business/japan-to-strengthen-local-sme-s-capacities.html
Unions set double wage as minimum target
Trade unions agreed yesterday to lobby the government to double the minimum wage in the garment sector, representatives said, following two days of meetings. Rong Chhun, president of the Cambodian Confederation of Unions, said union delegates had agreed on the $120 per month figure ahead of ...
http://www.phnompenhpost.com/2013022161534/National/unions-set-double-wage-as-minimum-target.html
Low pay fuels anger among Cambodia's garment workers
As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html
Joint venture will take part in oil explorations
Malaysia-based Hibiscus Petroleum Berhad has tied up with Rex International Holding Pte Ltd to participate in exploration opportunities in Cambodia and 10 other countries across the Asia-Pacific region, according to a statement released last Thursday. Hibiscus’s wholly owned subsidiary Orient Hibiscus Sdn Bhd and Rex International ...
Documentary Looks at Impact of Mekong Dams
An updated documentary, “Where Have All the Fish Gone?,” examines the impacts of hydroelectric dams on the Mekong River. The Xayaburi dam, which would produce hydropower for market, has become a divisive issue among Mekong River countries. Critics say it could severely damage ecosystems on which ...
http://www.voacambodia.com/content/documentary-looks-at-impact-of-mekong-dams/1626779.html
Cambodia Ups Minimum Wages for Workers
The Cambodian government on Thursday announced a higher minimum wage of U.S. $80 per month for garment and footwear workers but they were not impressed, vowing to continue a strike until it is raised to U.S. $100. A tripartite meeting between the government, unions and Garment ...
http://www.rfa.org/english/news/cambodia/wages-03212013185628.html