Bag firm plans to grow local operations
Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...
Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations
Cambodia on alert for US taxpayers
With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions ...
Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-alert-us-taxpayers
PM: Save our flooded forests
Prime Minister Hun Sen has called on the Agriculture Ministry to do more to prevent land grabbing in the country’s endangered flooded forests.Speaking at the closing ceremony of the Agriculture Ministry’s annual meeting yesterday, Mr. Hun Sen said encroachment risks wiping out fish populations that ...
Ven Rathavong
http://www.khmertimeskh.com/news/37427/pm--save-our-flooded-forests/
Cambodians unconcerned by threats of violence ahead of election
Political campaigning in Cambodia’s local elections began on Saturday and has so far passed without incident. Cambodians in Phnom Penh on Monday said they hoped that the election could be conducted fairly and free of violence. Sim To, a second-year student at Paññāsāstra University of Cambodia, ...
Kann Vicheika
http://www.voacambodia.com/a/cambodians-unconcerned-by-threats-of-violence-ahead-of-election/3869453.html
Labor activist seeks aid for migrant workers who may be unable to vote
A labor rights activist has appealed to the government to assist migrant workers in Thailand to cast their votes at the up coming commune council elections.A small number of the roughly 1 million Cambodian workers in Thailand who have managed to register to vote will ...
Men Kimseng
http://www.voacambodia.com/a/labor-activist-seeks-aid-for-migrant-workers-who-may-be-unable-to-vote/3875970.html
Xayaburi study questioned
A study the Lao government has used to claim the Xayaburi dam would be harmless if redesigned has been criticised for not addressing concerns about the project’s effect on fish in the Lower Mekong river. Lao Vice Minister of Energy and Mines Viraponh Viravong was reported ...
http://www.phnompenhpost.com/index.php/2012052156277/National-news/xayaburi-study-questioned.html
Phnom Penh Autonomous Port to push rice exports
Phnom Penh Autonomous Port plans to buy a rice-polishing machine from China, and will also look to build a rice storage facility in Kandal province. These moves, officials said, were intended to push along Cambodia’s rice trade during a period of uncertainty for the industry. Facilities ...
http://www.phnompenhpost.com/index.php/2012060856663/Business/ppap-to-push-rice-exports.html
Cambodia Cancels Concessions Threatening Forests
Cambodia annulled licenses to four private firms whose concession of 40,000 hectares threatens Prey Lang, one of the richest national forests. A letter from the Council of Ministers to the Ministry for Agriculture, Forestry and Mining, in charge of managing the forests and the natural resources, ...
Okvau explorer raises $10m
Renaissance Minerals has raised $10 million for its gold-mining program at the Okvau deposit, in Mondulkiri province. The Australian company had estimated the area contained 729,000 ounces of gold. Renaissance’s biggest challenge would be to finance the project by equity investments world-wide, Tremain said. Renaissance is ...
http://www.phnompenhpost.com/2013010960685/Business/okvau-explorer-raises-10m.html
Japan's businessmen visit Myanmar, Cambodia for investment opportunities
A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan Business Federation, is leading the delegation and said he hopes that meetings with ...
http://news.xinhuanet.com/english/business/2013-02/04/c_132150013.htm
Forte set to insure travellers on the net
Forte Insurance, a leading general Insurance company in Cambodia, officially launched the region’s first online travel Insurance product. Officials and Insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...
http://www.phnompenhpost.com/2013030761798/Business/forte-set-to-insure-travellers-on-the-net.html
Cambodia's stock market begins trading
Trading on Cambodia’s stock exchange has begun for the first time after a state-run company completed its initial public offering. Some 13 million shares of the state-run Phnom Penh Water Supply Authority were offered at 6,300 riel ($1.57) per share. The stock exchange was officially launched in ...
Governor Denies Any Plans to Build Subway
Phnom Penh governor Kep Chuktema denied a report that appeared Tuesday on the government-run news website Agence Kampuchea Presse (AKP), which claimed that the municipality has plans to build a subway beneath the Tonle Sap River. According to the AKP report, the Phnom Penh municipality will ...
Subedi ‘shocked’ by evictions
One of the first things UN Special Rapporteur Surya Subedi did on his week-long fact-finding mission in Cambodia was visit the grave of slain environmentalist Chut Wutty. It wasn’t on the itinerary, but Subedi, rapporteur on the situation of human rights in Cambodia, said he wanted ...
http://www.phnompenhpost.com/index.php/2012051156113/National-news/subedi-shocked-by-evictions.html
PM pushes edible exports
Prime Minister Hun Sen yesterday urged Cambodian food and beverage companies to look to export markets. The call, made at the opening ceremony of the Khmer Brewery, came in the wake of similar exhortations from international organisations for Cambodia to diversify its exports. “Now, we are not ...
http://www.phnompenhpost.com/index.php/2012051556160/Business/pm-pushes-edible-exports.html
Free Trade Union breaks from ally
Free Trade Union president Chea Mony has announced that his union will leave the Cambodian Confederation of Unions and sever all ties with its long-time ally, the Cambodian Independent Teachers’ Association. In a letter to Minister of Labour Vong Sauth, dated June 27 and obtained by ...
Road blocked as strike escalates
Thousands of workers from factories owned by Tai Yang Enterprise in Kandal province’s Ang Snuol district blocked National Road 4 for more than seven hours yesterday to push the company to meet their demands. May Sopheaktra said workers decided to block the road after the companytried ...
Daun Penh Vagrants Rounded Up Prior to Asean
Authorities in Daun Penh district rounded up more than 80 homeless people, drug users and prostitutes ahead of this week’s high-level meetings for Asean and regional delegates in Phnom Penh, a district official said yesterday. District governor Sok Sambath said that the 82 people rounded up ...
Farmers say officials displaced their jobs
About 20 families in Koh Kong province are accusing provincial authorities and military police of blocking them from farming on land that is part of a dispute with a Chinese development firm stretching back almost five years. The rice farms are in Botum Sakor district, which ...
New ADB-Cambodia director vows to focus on inclusive growth, boosting partnership
Newly-appointed Asian Development Bank’s director for Cambodia Eric Sidgwick said Wednesday that promoting inclusive and environmentally sustainable growth that will help improve the quality of life of Cambodians, especially those who are most vulnerable, are his key focus areas. “This is an exciting time to be ...
http://news.xinhuanet.com/english/business/2012-10/10/c_131897620.htm