Investment to aid low earners
US-BASED OverSeaS Private InveStment Corporation (OPIC) yeSterday Signed a deal to provide a $5 million long-term loan to Thaneakea Phum (Cambodia) Ltd (TPC), a local microfinance inStitution (MFI), to Support TPC&rSquo;S expanSion of itS home improvement loanS for low-income CambodianS. Fernanda Lima, director of US-baSed Socially SS='cambodia-color'>...
http://www.phnompenhpost.com/2013022861653/Business/investment-to-aid-low-earners.html
Thai jobs serve as siren song
Every day they come in the thousands and crowd under a blazing sun for hours, awaiting a moment that costs them more than two full months’ salary – a passport. And where are they going? “Thailand,” 21-year-old sem Pheaktra said, squinting under a harsh mid-morning sun. He, and ss='cambodia-color'>...
Kratie Demonstration Area Sealed as Police Arrest Leaders
Authorities in Kratie province have denied entry to journalists and rights workers to the site of violent land clashes that led to the death of a teenage girl on Wednesday. Rights workers say they fear for the safety of villagers in Broma village, but police say ss='cambodia-color'>...
Proof of residency required
The Phnom Penh municipal authority has called on Borei Keila residents evicted on January 3 to present official documents proving they are eligible for housing. City Hall’s request came as part of a statement criticising NGOs and political parties that encouraged “poor” residents, who were not ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012062156928/National-news/borei-keila-residency.html
Ninth Master Suki Soup opens in Phnom Penh
The family hotpot-style restaurant Master suki soup has opened its ninth restaurant in Cambodia, on sothearos Boulevard adjacent to Hun sen Park, with the newly relocated German Fresh Beer brew pub and German menu upstairs. The soft opening took place on Thursday night as Master suki ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012070957286/Business/ninth-master-suki-soup-in-pp.html
Malaysia workers reject wage deal
Cambodian garment workers at a factory in Malaysia that supplies major international brands were on strike for a third day in a row yesterday, refusing an agreement on accommodation and demanding higher salaries. Representatives of the workers at the Honsin Apparel sdn Bhd factory in Jahor ss='cambodia-color'>...
Second international machinery fair opens this weekend
The second Cambodia International Machinery Industry Fair 2012 (CIMIF 2012) will kick off this weekend from at the Diamond Island Convention Center in an effort to promote the industry development and foreign investment in Cambodia. It will run for four days from tomorrow to August ss='cambodia-color'>...
Longan farmers in Pailin plan factory
A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ss='cambodia-color'>...
http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html
Finance Minister Lauds Boeng Kak's Tax Bill
The Finance Ministry has sent a letter to well-known businesswoman Choeung sopheap thanking her for paying her taxes on the highly controversial filling in of Phnom Penh’s Boeng Kak lake, and holding her firm up as an example of corporate professionalism. Though shukaku Inc., which is ss='cambodia-color'>...
http://www.cambodiadaily.com/news/finance-minister-lauds-boeng-kaks-tax-bill-11863/
UN Confirms Logging in Carbon Trading Zone
The U.N. has said it is concerned about deforestation in Oddar Meanchey province in an area where it has launched a carbon trading scheme and confirmed that it is working with the government in order to “rectify the situation.” In an email on Friday, the ss='cambodia-color'>...
Kuch Naren and Abby Seiff, P. 1
Bail granted for disgraced officials
Four officials from the Ministry of Land Management, Urban Planning and Construction arrested last week on bribery charges involving millions of dollars would be freed on bail in the next few days, officials said yesterday. Kuy Bunson, director of the Ministry of Interior’s prisons department, said he had ss='cambodia-color'>...
Government to expand dolphin safe zone
On the heels of a year in which the deaths of endangered Irrawaddy dolphins rose – as much as 100 per cent by some estimates – the government is paving the way for greater enforcement of conservation measures along a protected stretch of the Mekong. Touch ss='cambodia-color'>...
http://www.phnompenhpost.com/2013011660812/National/government-to-expand-dolphin-safe-zone.html
iPhone struggles for a place in Cambodian market
It will not be enough for Apple to simply offer a cheaper iPhone for the company to gain share in the competitive Cambodian smartphone market, according to industry insiders. They say Apple’s operating system, iOs, may also restrict their potential growth. Bloomberg last week reported that Apple ss='cambodia-color'>...
Cambodia begins to construct 3-storey stock market building in capital center
Cambodia’s securities Exchange (CsX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build ss='cambodia-color'>...
http://news.xinhuanet.com/english/world/2013-01/28/c_132133406.htm
Another Taiwan Bike Maker to Move to Cambodia
It’s no finalized yet as contracts still have to be signed, but it looks as if another bike maker from Taiwan is setting up shop in Cambodia. It will the 4th one which is to benefit from the duty and quota free status Cambodia made ss='cambodia-color'>...
Gov't Requires Bus Companies To Submit Driver Information
In response to a spate of deadly bus crashes in the country, the government has ordered all bus companies to provide authorities with detailed histories of all their drivers, an official at the Ministry of Public Works and Transport said yesterday. Peou Maly, deputy director-general at the ministry’s transportation department, ss='cambodia-color'>...
Families Call for Boycott of Senator's 'Blood Sugar'
After years of futile protests demanding their land back, villagers forcibly evicted by sugarcane plantations connected to CPP senator Ly Yong Phat launched a boycott campaign yesterday targeting the international firms that sell his sugar. Thousands of families accuse the senator’s plantations of forcing them off ss='cambodia-color'>...
Preah Vihear land primed for plantation concessions
The government has reclassified 23,182 hectares of state land in Preah Vihear province for private development by three agro-industry firms, paving the way for them to secure economic land concessions (ELCs). Reclassification of state public land to state private land is a key step toward establishing ss='cambodia-color'>...
Missing girl feared trafficked
Meas Bopha, 47, sits in an outdoor pagoda over a lotus-filled pond on her property in Kampong speu, home to 10 of her 12 children, and wipes back tears as she talks about her missing teenage daughter, Bophea, who vanished one morning last week. Bophea ss='cambodia-color'>...
PM pledges pay boost
The government on Friday pledged a 20 per cent increase to the base salary of civil servants year-on-year in a move one government official insisted was based on economics, not politics. The announcement was made in a statement released over the weekend outlining government spending for ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012102959455/National-news/government-pledges-pay-boost.html