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Majority of Unions Reduce Wage Demands

Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...

http://www.cambodiadaily.com

Satellite system will save fuel and routes

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes

No consensus on next move in SL drama

After the management of an embattled garment factory this week refused to follow a government order to reinstate 19 dismissed union leaders and activists, unionists and observers are at a divergence of opinion over how the state should respond. “It’s fairly unprecedented,” Dave Welsh, country director ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/no-consensus-next-move-sl-drama

Port IPO road show kicks off

On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up ...

Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-road-show-kicks

PM appeals for the end of lax standards

While offering no concrete solutions to the issue, Prime Minister Hun Sen yesterday appealed for graduating engineers to be aware of generally lax building standards that could have a long-term impact on public safety. Much of Cambodia’s infrastructure was redeveloped after the civil war, and ...

May Titthara
http://phnompenhpost.com/national/pm-appeals-end-lax-standards

RDB unveils new identity

The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wider range of funds and banking services. ...

Sok Chan
http://www.khmertimeskh.com/5077255/rdb-unveils-new-identity/

PM: Grade 12 exam still on

Public and private educational institutions across Cambodia reopened their doors on November 1 after being closed since March due to the Covid-19 pandemic, while Prime Minister Hun Sen made it clear that high school diploma exams would be taking place this year and students will ...

Voun Dara
https://www.phnompenhpost.com/national/pm-grade-12-exam-still

Telecommunications ministry pushes tech education

The Ministry of Post and Telecommunications urged the students who completed the recent High School Diploma examinations to embrace digital technology, which it said plays an important role in daily life, business, public service and other services. ...

Long Kimmarita
https://www.phnompenhpost.com/national/telecommunications-ministry-pushes-tech-education

Entrepreneurship to be taught in the classroom

Education Minister Hang Chuon Naron has unveiled a plan to add coursework on entrepreneurship to the school and university curricula starting in the next academic year, state news agency AKP said yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/entrepreneurship-be-taught-classroom

Kingdom, China ink railway training deal

A Chinese state-owned enterprise (SOE) and public Beijing-based university have teamed up to provide technical training to Cambodian students and other participants, and develop their expertise in the railway industry, as the Kingdom moves to modernise its rail infrastructure, according to the transport ministry. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-china-ink-railway-training-deal

Cambodia sees 2.65 bln USD trade deficit in 2012

Cambodia recorded a trade deficit of 2.65 billion U.S. dollars in 2012, according to the government’s statistics on Wednesday. The country’s total import and export volume had reached 13.63 billion U.S. dollars last year, up 19 percent from 11.48 billion U. S. dollars in a year ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091653.htm

Riot Police Stop March on Last Day of Summits

A group of roughly 100 anti-eviction protestors were blocked by riot police yesterday from marching to Prime Minister Hun Sen’s Peace Palace to appeal to U.S. President Barack Obama for help in reforming Cambodia’s land rights policy. The protest, which took place at the Boeng Kak ...

http://www.cambodiadaily.com

Cambodia Real Estate Could Benefit From QE3

Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...

http://online.wsj.com/article/SB10001424127887323894704578106160673901682.html?mod=googlenews_wsj

Cambodian parliament passes fire prevention law

Cambodia’s National Assembly on Tuesday adopted a draft law on fire prevention with jail term punishment for arsonists, neglected firefighters, and false information providers on fires. Ninety-four out of ninety-seven lawmakers, who were present at the session, passed the law, saying it would help maintain security, ...

http://news.xinhuanet.com/english/world/2013-05/07/c_132365226.htm

Cambodia eyes to become region's prominent gems, jewelry market

Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...

http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm

Hun Sen’s Land Titles Receive Rare Praise From Germany

Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...

http://www.cambodiadaily.com/news/hun-sens-land-titles-receive-rare-praise-from-germany-17312/

Thai Trade Expo Draws Thousands of Cambodian Visitors Despite Ongoing Border Row

Thousands of Cambodian people visited and bought Thai products on Thursday at a large scale exhibition although simmering border spat between the two countries remains unsolved. “Even though border dispute is still going on, trade and investment ties between Thailand and Cambodia are still good,” Amparwon ...

http://news.xinhuanet.com/english/business/2013-05/02/c_132355223.htm

On Eve of Visit, Obama Faces Asean Challenges, New China Leader

Newly re-elected US President Barack Obama will attend a series of top-level Asian meetings next week, with Cambodia hosting an Asean summit, and China in attendance with new leadership. The high-profile meetings will present challenges for the US president, whose administration has become more deeply ...

http://www.voacambodia.com/content/on-eve-of-visit-obama-faces-asean-challenges-new-china-leader/1545093.html

Local MFIs’ high-tech investment

The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...

http://www.phnompenhpost.com/2013022661599/Business/local-mfis-high-tech-investment.html

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