Demand for Gold Rises as World Price Falls
Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...
http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/
Vietnam rubber tycoon rejects land grabbing accusations
A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...
Growth at risk from ‘turmoil’
Cambodia’s Minister of Commerce and long-time ruling party stalwart Cham Prasidh said yesterday that post-election demonstrations could prevent growth and even result in small-scale looting. “If they want to destroy the economy, they have to protest more and more in order to destroy,” he said. Speaking ...
http://www.phnompenhpost.com/business/growth-risk-%E2%80%98turmoil%E2%80%99
Rice plots blocked at dam site
In a first step toward clearing villagers from land intended for a planned Koh Kong provincial hydroelectric dam, a Chinese development firm has blocked a road leading to plots where villagers have continued to harvest rice. Officials from Tianjin Union Development Group, which was awarded a ...
Sen David
http://www.phnompenhpost.com/national/rice-plots-blocked-dam-site
Insurance Sector Sees Growth in First 6 Months
Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/insurance-sector-sees-growth-in%E2%80%88first-6-months-42216/
Cambodia’s tourism soars
Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/cambodias-tourism-soars/
Svay Rieng Workers Strike Again, Throw Rocks
Police briefly detained 13 garment factory workers on Thursday after about 20,000 workers, some throwing rocks, continued a strike that began Monday in Svay Rieng province’s Bavet City over wages and working conditions, a union official and police said. Union leaders had on Wednesday evening agreed ...
Aun Pheap and Alex Willemyns
http://www.cambodiadaily.com/news/svay-rieng-workers-strike-again-throw-rocks-49506/
Vinamilk Sees Revenue Doubling in Overseas Expansion Push
Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital ...
Bloomberg News Staff
http://www.bloomberg.com/news/2013-09-30/vinamilk-sees-revenue-doubling-in-overseas-expansion-push.html
Official Retracts Comments About Logging in Wildlife Sanctuary
A district-level Environment Ministry official on Thursday retracted comments he made last week when he claimed proper monitoring of logging inside Ratanakkiri province’s Lumphat Wildlife Sanctuary was impossible because his ministry did not know the boundaries of private land concessions in the protected zone. On November ...
Aun Pheap and Ben Wood
http://www.cambodiadaily.com/news/official-retracts-comments-about-logging-in-wildlife-sanctuary-48211/
Cambodia's rural communities to get sustainable energy access
The Asian Development Bank (ADB) and Government of Australia are expanding access to economical and reliable energy for rural Cambodian households, including through the promotion of cookstoves in Svay Rieng and Kampong Cham provinces. A $6.1 million Australian Aid grant, administered by ADB, will finance ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTc1MDdmNzhlNTM
Microsoft decries pirated software
Microsoft Cambodia has found that an overwhelming majority of computer retailers surveyed earlier this year failed to offer customers the option to purchase licensed, as opposed to pirated, software. Out of the 54 Cambodian computer retailers included in the May survey, the results of which were ...
http://www.phnompenhpost.com/business/microsoft-decries-pirated-software
Work starts on new 22-storey hotel
Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...
Siv Meng
http://www.phnompenhpost.com/real-estate/work-starts-new-22-storey-hotel
Another Court Clerk Arrested for Corruption
A clerk at the Banteay Meanchey Provincial Court was arrested Tuesday on suspicion of corruption and bribe-taking, police and Anti-Corruption Unit (ACU) officials said, but rights groups said clerks alone are not in a position to determine the course of court cases and that more ...
Aun Pheap
http://www.cambodiadaily.com/news/another-court-clerk-arrested-for-corruption-44366/
Sick children swamp hospital
As flood victims surge to the capital to receive medical treatment, doctors at Phnom Penh’s Kantha Bopha Children’s Hospital say they’ve never seen such overcrowding. Parents holding their sick children and infants line the perimeter of the complex, spending up to seven hours crouched on hot ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/sick-children-swamp-hospital
Palm oil plantation accused of withholding workers’ pay
More than 20 families working on a controversial palm oil plantation in Ratanakkiri province owned by the Hoang Anh Lumphat company have filed a complaint with rights group Adhoc accusing the owners of improperly withholding one month’s pay. Lor Sophal said he and another 22 families, ...
Aun Pheap
http://www.cambodiadaily.com/news/palm-oil-plantation-accused-of-withholding-workers-pay-53520/
Details murky in Environment Ministry Phnom Penh land swap
In 2011, the Environment Ministry entered into a deal with the Ratana Cooperation and Construction company to swap its valuable 2,400-square-meter location on Sihanouk Boulevard in Phnom Penh’s Tonle Bassac commune for a 9,000-square-meter plot of land and a new headquarters 20 km away in ...
Khy Sovuthy
http://www.cambodiadaily.com/news/details-murky-in-environment-ministry-phnom-penh-land-swap-53323/
Child labor probe on Preah Vihear sugar plantation moves forward
Police in Preah Vihear province say they have uncovered more evidence of child labor on a Chinese-owned sugarcane plantation and will send the case to court if further investigation confirms their preliminary findings. A former employee of the Lan Feng plantation filed a complaint last month ...
Khy Sovuthy
http://www.cambodiadaily.com/news/child-labor-probe-on-preah-vihear-sugar-plantation-moves-forward-55643/
Villagers want compensation for Lower Sesan 2 Dam construction
A group of eight villagers from Stung Treng and Ratanakkiri provinces facing displacement by the construction of the Lower Sesan 2 dam lodged a petition Thursday with the Chinese Embassy and three ministries demanding that the developer negotiate with them. “The affected families have never been ...
Kuch Naren
http://www.cambodiadaily.com/news/villagers-want-compensation-for-lower-sesan-2-dam-construction-52244/
CCC passes amendments on 10 articles of Trade Union Law
The Constitutional Council of Cambodia (CCC) on Thursday reviewed and approved the draft law on amendments to 10 articles of the Law on Trade Unions amid criticism from local and international civil society organisations. The amended articles, which were approved by the National Assembly in ...
Niem Chheng
https://www.phnompenhpost.com/national/ccc-passes-amendments-10-articles-trade-union-law
Cambodia faces supply chain crunch, no thanks to COVID-19
Southeast Asian suppliers from Cambodia, Myanmar and Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.203; However, these suppliers now face a supply ...
Khmer Times Staff
https://www.khmertimeskh.com/50694492/cambodia-faces-supply-chain-crunch-no-thanks-to-covid-19