FPT talks operating telecoms in Cambodia
Vietnamese company FPT Telecom aims to extend operations to the Kingdom, after its attempted acquisition of Vietnam’s EVN Telecom fell through. FPT Telecom “has plans to expand business in Cambodia, but all is in discussion”, a spokesperson said late on Monday, declining to comment further. ss='cambodia-color'>...
Economic Plan for Mekong Region Gets Finalized
Ministers from the six Mekong region nations concluded a two-day meeting yesterday in which they solidified plans for an economic strategy that would span a decade and require billions in investment. speaking at Phnom Penh’s Peace Palace at the annual ministerial meeting, Minister of Commerce ss='cambodia-color'>...
Progress Toward Rural Sanitation Goal Slow
Cambodia’s progress has been slow toward achieving the UN Millennium Development Goal of increasing rural access to sanitation to 30 percent by 2015, up from 8.6 percent in 1996, the World Bank said in a report released Wednesday. The World Bank report said that rural ss='cambodia-color'>...
Chinese Company Voices Interest in Cambodian Oil
Hong Kong-listed China Oilfield services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ss='cambodia-color'>...
Factory and union stitch up agreement
More than 300 striking workers at Jie Wei garment factory in the capital’s Dangkor district will return to work today after successful negotiations yesterday settled a labour dispute that led to a three-day strike last week. Factory management agreed to nine of the 11 demands ss='cambodia-color'>...
FDI soars 250% over last year
Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister sok An said yesterday. A total of 87 projects worth Us$5.6 billion were approved by the Council for the Development of Cambodia during the ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011101352107/Business/fdi-soars-250-over-last-year.html
Protest blocked by security guards
About 250 villagers who turned out in Preah Vihear province’s srayong commune to protest against alleged land-grabbing by rubber firm siladamich Company yesterday found themselves blocked by company security guards and police, though arrests threatened a day earlier failed to materialise, villagers said. Villager representative Meas ss='cambodia-color'>...
Food, fuel prices jump again
Heightened global food and fuel prices continued to inflate Cambodia’s market in september, and experts said flood damages would elevate costs further toward the end of the year. Year-on-year inflation hit 6.7 per cent in last month, up 1 per cent from August, according to data ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011102552319/Business/food-fuel-prices-jump-again.html
Stories vary on latest mass fainting incident
Workers at a garment factory in Kampong speu province that supplies global retailer H&M will return to work tomorrow, after more than 100 staff were hopitalised on Monday, following what they and union representatives described as a mass fainting incident. A spokesperson for H&M’s headquarters in ss='cambodia-color'>...
Australian airline will launch direct flights to Kingdom
An Australian national airline would launch daily direct flights between Cambodia and Australia early next year, the secretariat of state of Civil Aviation said yesterday. The airline had conducted a feasibility study and a market survey in co-operation with a Cambodian technical team, Long Chheng, deputy ss='cambodia-color'>...
Called to court: Summonsed woman brings crowd of 150
A woman summonsed to Kampong speu provincial court over a land dispute yesterday returned home without being arrested after about 150 protesting villagers turned out to support her. Rath Thavy, provincial monitor for human rights group Adhoc, speculated that the court decided not to arrest Khem ss='cambodia-color'>...
Firm refuses housing pleas
The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html
Hundreds of Villagers Block Road to Protest Land Clearing
About 400 villagers in Kratie province’s snuol district blocked national road 76A for three hours yesterday to demand that authorities release a villager who had been arrested earlier in the day for allegedly inciting villagers embroiled in a land dispute, villagers and a district official ss='cambodia-color'>...
Erdos Group plans laid bare
Documents obtained by The Post have shed new light on the scale of Chinese investment connected with the controversial Boeung Kak lake real estate project. The Us$98 million project in northern Phnom Penh is the smallest of Mongolia Erdos Hongjun Holding Group’s planned investments in ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011080350842/National-news/erdos-group-plans-laid-bare.html
Proposed changes to reserve requirement meets controversy
A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts. The National Bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ss='cambodia-color'>...
Union lands court KO
In a landmark ruling, the Siem Reap Municipal Court yeSterday ordered a luxury hotel to reinState 67 Sacked workerS &ndaSh; a legally binding deciSion that unioniStS have hailed aS a great moment for the judicial SyStem. The deciSion comeS after more than two monthS of proteStS, SS='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011102752392/National-news/union-lands-court-ko.html
Case pleaded to prime minister
More than 100 workers from Cambo Handsome One garment factory gathered outside the home of Prime Minister Hun sen on Friday and saturday, after urging him on Thursday to intervene in a dispute with the factory’s Korean owners. The move followed an appeal to the Ministry ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011120553142/National-news/case-pleaded-to-pm.html
Rubber investments in Kingdom jump 255%
Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity. There were 20 new projects worth Us$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine ss='cambodia-color'>...
Fuel feud leaves tourists stranded at Angkor Wat
More than 200 Taiwanese tourists traveling to and from Angkor Wat in Cambodia were delayed yesterday after Far Eastern Air Transport (FAT) unexpectedly suspended its flights to the world heritage site. The Taiwanese airline, which resumed services in April last year, leased one of its aircraft ss='cambodia-color'>...
http://www.taipeitimes.com/News/taiwan/archives/2012/02/22/2003526086
Airline ups stake in fuel fight
The dispute that grounded a Tonlesap Airlines plane on Tuesday and stranded more than 200 passengers in siem Reap and Taipei, Taiwain, continued yesterday, as plane owner Far Eastern Transport upped the sum it claimed Tonlesap owed for fuel. Far Eastern grounded a plane it had ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012022354679/Business/airline-ups-stake-in-fuel-fight.html