Landless Cambodians see nothing sweet in EU sugar deal
An EU scheme to boost trade with developing nations is fuelling land grabs in Cambodia, activists say, with thousands evicted from their property to make way for a booming sugar industry. Campaigners are taking their fight to European supermarkets, encouraging a boycott of Cambodian sugar, which ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1211528/1/.html
Malaysia Firm Buys Majority In Yellow Pages
The owner of Cambodia Yellow Pages has agreed in principle to sell a 51 percent stake to the subsidiary of Malaysian technology firm CBSA Bhd. in a deal worth $2.04 million, an official at the company SAid Monday. According to a disclosure last week from CBSA ...
Philippines and Cambodia in South China Sea row
The Philippines has summoned Cambodia’s ambassador over comments linked to Manila’s territorial row with Beijing. Hos Sereythonh was asked to explain remarks accusing the Philippines and Vietnam of playing “dirty politics” over the issue of Asean and the South China Sea. [H]e did not turn up on ...
Cambodia's Economic Growth Expects To Be 7% In 2012
“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” at the same time, the report from World Bank said: ...
Eviction Protest Held Outside Donor Meeting
Anti-eviction activists from Phnom Penh’s Boeng Kak and Borei Keila neighborhoods, dressed as white doves, protested yesterday in front of the Council for the Development of Cambodia, where the country’s donors were meeting with top government officials to discuss the country’s reform targets. Donning paper helmets ...
Villagers in Land Disputes With Firm Don't Show for Questioning
Villagers accused of incitement in a long-running land dispute with a company owned by the wife of a government minister did not show up for scheduled questioning yesterday at the Kompong Chhnang Provincial Court, officials said. on September 17, KDC Development company, owned by Chea Kheng, the wife of Minister of Industry, ...
Cambodia has great potential for FDI
An assistant to former US president Bill Clinton said Cambodia has many potential areas for foreign direct investment (FDI) from many countries, including the US. Karen Tramontano, founder, along with Clinton, and president of the Global Fairness Initiative and CEo at Blue Star Strategies, met with ...
http://www.phnompenhpost.com/2013010960687/Business/cambodia-has-great-potential-for-fdi.html
Cambodia Organizes Real Estate Exhibition
A 3-day Cambodia-Real Estate Exhibition 2013 kicked off [in Phnom Penh] on Monday as the country’s construction sector is rapidly growing in the last couple of years. The event, held at the Diamond Island Exhibition Center, brought together 68 exhibitors who are real estate developers, real ...
http://news.xinhuanet.com/english/business/2013-04/08/c_132292162.htm
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Poorest nations win intellectual property waiver
The world’s poorest nations have won an eight-year extension of a waiver on intellectual property rules at a session of the World Trade organisation’s TRIPS Council. A session of the 159-nation WTo’s TRIPS (trade-related aspects of intellectual property rights) Council has ruled the waiver for 34 ...
France looks to increase exports to the Kingdom
France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...
Rice exports to region rising
Cambodian milled rice exports are gradually lessening their dependency on a single market by expanding their shipping destination in Asia, a sign insiders say is good news for the industry. Kim savuth, president of the Federation of Cambodian Rice Exporters, told the Post yesterday that milled ...
http://www.phnompenhpost.com/2013052365791/Business/rice-exports-to-region-rising.html
Former Mfone Employees Protest for Severance Pay
More than 100 former employees of bankrupt mobile phone operator Mfone traveled from three provinces yesterday to protest outside the firm’s shuttered office on Phnom Penh’s Monivong Boulevard demanding their severance pay. Sok Samphorn, an engineer who was employed by Mfone, Said employees from Phnom Penh, ...
Funcinpec joins call for probe
Royalist party Funcinpec has joined the opposition in calling for international involvement in an investigation into election irregularities. “I have issued a request to ask for the creation of an independent committee to investigate the irregularities,” Funcinpec secretary-general Nhek Bun Chhay said. While the party failed to ...
http://www.phnompenhpost.com/national/funcinpec-joins-call-probe
Tourism: More Info Needed
In diversifing its holiday attractions, Cambodia’s tourism industry should focus on three key areas – the country’s northeastern region, the coasts and the vicinity around Siem Reap – but efforts to promote these destinations are still lacking, an industry leader says. Statistics from the Ministry ...
http://www.phnompenhpost.com/2013050265365/Business/tourism-more-info-needed.html
Mekong forest facing sharp decline: WWF
BANGKOK: Demand fOr farmland may strip the Greater MekOng regiOn Of a third Of its remaining fOrest cOver Over the next twO decades withOut swift gOvernment actiOn, a leading cOnservatiOn grOup warned Thursday. FOrests are being cleared fOr cOmmOdities such as rubber and rice while illegal lOgging is decimating ...
http://www.channelnewsasia.com/news/asiapacific/mekong-forest-facing-sharp-decline-wwf/661574.html
Workers Get Benefits, Not Jobs
India’s ambassador to Cambodia, Dinesh Patnaik, said yesterday that his government will pay outstanding benefits to about 30 restoration workers who lost their jobs at Siem Reap province’s Ta Prohm temple in February – but will not reinstate them. The entire restoration team – more than ...
http://www.phnompenhpost.com/2013050965505/National/workers-get-benefits-not-jobs.html
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
ASEAN power chiefs to follow up power grid plan
Leaders of ASEAN power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening ...
http://www.chinadaily.com.cn/world/2013-05/23/content_16525904.htm
Duty-Free Agreements Worry Minister
Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...
http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html