Economy and commerce
Economic policy and administration
More Than 1,000 Faintings Reported in Cambodian Factories This Year
The faintings between January and August were much higher than the 802 reported in the whole of last year, while only one factory worker died in the workplace in 2013, the Free Trade Union of Workers of the Kingdom of Cambodia (FTUWKC) said in a ...
Joshua Lipes
http://www.rfa.org/english/news/cambodia/faintings-08212014140815.html
Temple may be heritage site
Sambor Prei Kuk, the seventh-century temple of the pre-Angkorian Chenla Kingdom built by Isanavarman I, is to be submitted for consideration as a World Heritage Site to UNESCO. The announcement came yesterday at a seminar on research and conservation on the temple complex, the most important ...
Chhay Channyda
http://www.phnompenhpost.com/national/temple-may-be-heritage-site
Cambodia looks to be winner for growth for AEC: ILO
Cambodia stands to be the biggest beneficiary, in terms of GDP growth, for the first decade following ASEAN Economic Integration in 2015, according to a study released publicly today by the International Labour Organisation (ILO). The ILO’s 160-page report says Cambodia could see a 19.9 per ...
Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-looks-be-winner-growth-aec-ilo
Gov’t says workplace injuries on the rise, reforms needed
In the face of an increase in work-related injuries, government officials gathered in Phnom Penh on Tuesday to start work on a new plan to reduce workplace accidents and to reflect on their achievements over the past five years. ...
Mech Dara and Holly Robertson
http://www.cambodiadaily.com/news/govt-says-workplace-injuries-on-the-rise-reforms-needed-66899/
Muang Thai maps out expansion plan
Muang Thai Insurance is looking at acquiring portfolios from non-life insurers and selling non-life products to individuals in neighbouring countries as part of its plan to keep its premium income growing by 15 per cent annually in the next three to five years. “The merger model ...
Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Muang-Thai-maps-out-expansion-plan-30241197.html
Cambodia to establish int'l committee for safeguarding, developing world heritage Preah Vihear
ambodia is working with UNESCO to form an International Coordinating Committee for the Safeguarding and Development of the Historic Site of Preah Vihear (ICC-Preah Vihear), Deputy Prime Minister and Cabinet Minister Sok An said Tuesday. Speaking during a meeting with South Korean Ambassador to Cambodia Kim ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/culture/2014-08/19/c_133568463.htm
New airline gets closer to launch
Cambodia Bayon Airlines will soon import two Modern Ark 60 aircrafts from the state-owned Aviation Industry Corporation of China (AVIC), with plans to begin domestic flights before the end of the year, a company representative said yesterday. Bayon will sign an agreement with AVIC on Thursday ...
Hor Kimsay
http://www.phnompenhpost.com/business/new-airline-gets-closer-launch
Cambodia, China to jointly establish technology transfer center
Cambodia and China on Monday signed an agreement toward establishing a Cambodia- China Technology Transfer Center, aiming to utilize science and technology for socio-economic development, officials said. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140818/cambodia-china-jointly-establish-technology-transfer-center
Cambodia’s tourism slows a mite
Cambodia’s tourist arrivals registered a 0.3% decline in June according to the country’s statistics and tourist Information Department. The country attracted 300,454 visits compared to 301,412 during the same month last year. Released officially by the Ministry of Tourism, last week, data showed Vietnam led the field ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/08/cambodias-tourism-slows-a-mite/
Cambodia's GDP per capita to hit 1,130 USD in 2014: PM
Cambodia’s GDP per capita is expected to reach 1,130 U.S. dollars this year, an estimated increase of 8 percent from 1,043 U.S. dollars last year, Prime Minister Hun Sen said Monday. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235977
IFC sells stake in Cambodia's commercial bank to Japanese bank
The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235929
Thai military arrests Poipet border traders
Sixteen Cambodian border traders were imprisoned by the Thai military over the weekend after they were caught smuggling shoes and clothing illicitly bearing registered trademarks across the Poipet City border crossing on Saturday. The traders, who supply the Rong Kluea border market in Thailand’s Sa Kaeo ...
Saing Soenthrith
http://www.cambodiadaily.com/news/thai-military-arrests-poipet-border-traders-66689/
Kandal property bought up before bridge announcement
Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...
Siv Meng and Vandy Muong
http://www.phnompenhpost.com/post-weekend/kandal-property-bought-bridge-announcement
Cambodia garment sector small fry for suppliers
In Cambodia, where the garment sector accounts for 80 percent of exports, hundreds of thousands of people depend on their slice of the $5 billion industry to survive. But for suppliers currently exhibiting their wares at a trade show this weekend on Phnom Penh’s Koh Pich ...
Holly Robertson and Kang Sothear
http://www.cambodiadaily.com/news/cambodia-garment-sector-small-fry-for-suppliers-66677/
Cambodia announces new Visa fee for foreigners
Cambodia has announced the new Visa fee for foreigners who wish to visit Cambodia, according to a statement by Ministry of Foreign Affairs and International Cooperation. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Yjc5MTVkYjcwNzU
Mass faintings occur at 6 garment factories in Cambodia
At least 127 Cambodian garment workers at six different factories got fainted on Friday due to poor health, a local police chief confirmed. Yim Socheat, police chief of Phnom Penh’s Dangkor district, where the incidents occurred, said the victims had been sent to hospitals soon after ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235570
Amid credit expansion, Riel loans minimal
Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/
‘Orphanage tourism’ still an issue: UNICEF
The UN Children’s Fund in Australia has warned volunteers and tourists to avoid visiting Cambodian orphanages following critical reports from the press in recent weeks. In a post on its website, UNICEF Australia said “these types of tours exploit children and their families for the financial ...
Charles Rollet
http://www.phnompenhpost.com/national/%E2%80%98orphanage-tourism%E2%80%99-still-issue-unicef
Cambodia's rice export down 1.6 pct in 7 months
Cambodia exported 204,000 tons of milled rice in the first seven months of 2014, down 1.6 percent from 207,370 tons over the same period of last year, according to official data released on Tuesday. Sixty-four companies have brokered Cambodian rice for 54 countries and regions around ...
ASEAN-China Center News Staff
http://www.asean-china-center.org/english/2014-08/14/c_133556101.htm
Cambodia attracts 230,100 Chinese visitors in H1, up 19 pct
Cambodia has received 230,100 Chinese tourists in the first six months of 2014, an increase of 19 percent over the same period last year, according to a tourism report released on Wednesday. The report shows that China is the second largest source of tourists to Cambodia ...
Ecns.cn News Staff
http://www.ecns.cn/2014/08-13/129405.shtml
Factory strikes end after pay disputes solved
About 3,000 garment workers in Kompong Chhnang province agreed to end their protest and return to work Wednesday after confusion over their monthly salaries was cleared away. Workers from the Chinese-owned Jiun Ye Garment factory in Samakki Meanchey district went on strike Monday after picking up ...
Ben Sokhean
http://www.cambodiadaily.com/news/factory-strikes-end-after-pay-disputes-solved-66365/
Wrangling over wage may spur new unrest
Unions representing garment workers have pledged to reignite protests if the minimum wage for the industry is raised to only $115 next year, a sum they say was offered by the Garment Manufacturers Association in Cambodia during a meeting on Friday. The Labour Advisory Committee (LAC) ...
Mom Kunthear
http://www.phnompenhpost.com/national/wrangling-over-wage-may-spur-new-unrest
Cambodia, US trade up in first half of year
Trade data from the US shows Cambodian exports to the world’s largest economy increased 6 per cent during the first six months of the year. As of June 30, Cambodian exports to the US totalled $1.4 billion, up from $1.32 billion recorded during the same six-month ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-us-trade-first-half-year
Roxy Casino made ‘modest profit’ since soft opening
Roxy Casino in Cambodia has made a “modest profit” since its soft opening on May 26, parent company Cell Aquaculture Ltd said in a filing to the Australian Securities Exchange. It did not provide figures. The profit was attributed to its sports betting activities during FIFA World Cup 2014 ...
GGRAsia News Staff
http://www.ggrasia.com/roxy-casino-made-modest-profit-since-soft-opening/