Economy and commerce
Investment
Strike by Cambodian Caltex staff enters 3rd day after wage talks fail
Cambodian workers for the U.S.- owned Caltex petrol stations in Phnom Penh continued their strike for higher wages Wednesday after wage negotiations late Tuesday failed to reach any agreement. Strike leader Sar Mora, president of the Cambodian Food and Service Workers Federation, said some 300 Caltex ...
Xinhuanet News
http://news.xinhuanet.com/english/world/2014-05/14/c_133332966.htm
Sexual abuse among claims against HAGL
Sexual assault and the annihilation of sacred graveyards are among the many claims levelled at Vietnamese Rubber giant Hoang Anh Gia Lai (HAGL) by villagers in Ratanakkiri province, a report by the World Bank’s investment arm reveals. In February, 17 indigenous communities that accused HAGL of ...
Daniel de Carteret
http://www.phnompenhpost.com/national/sexual-abuse-among-claims-against-hagl
Standard forms aim for public bid transparency
The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...
Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency
After strong start, city bus’ future unclear
After a monthlong test run saw 10 buses often filled with passengers, a Chinese-owned company promised in early March to inject millions into the project and add hundreds of new buses. But Global Trade Development left the project last month after the municipality refused to grant ...
Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/news/after-strong-start-city-bus-future-unclear-58640/
CPP-friendly businessman launches newspaper
T Mohan, a Malaysian publisher and businessman arrested in the 1990s for attempting to extort a casino executive, is back in Cambodia’s newspaper market. The Khmer Times, the latest English-language news offering from Mr. Mohan, hit newsstands earlier this month, with a government spokesman even resigning ...
Alex Willemyns
http://www.cambodiadaily.com/news/cpp-friendly-businessman-launches-newspaper-58610/
Court temporarily halts lease transfer for victory beach
Russian businessmen Nikolai Doroshenko and Sergei Polonsky are locked in a legal dispute over Sihanoukville’s Victory Beach following Mr. Polonsky’s release from prison last month, according to copies of court documents obtained Monday. The Preah Sihanouk provincial court has temporarily prevented Mr. Doroshenko from transferring the ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/court-temporarily-halts-lease-transfer-for-victory-beach-58598/
Illegal wood exports to China tripled in 2013
Cambodia’s exports of protected rosewood and other high-value timber to China more than tripled last year, according to U.N. figures cited in a new report that blames lax law enforcement across the Mekong region and skyrocketing demand in China for pushing some species to the ...
Zsombor Peter
http://www.cambodiadaily.com/news/illegal-wood-exports-to-china-tripled-in-2013-58593/
Cambodian rights worker faces death threats over land dispute
A worker with the Cambodian Center for Human Rights (CCHR) has been intimidated and received death threats while trying to document the plight of three families involved in a bitter land dispute with a developer in the country’s capital, according to the center. The worker, Vann ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/threats-05122014162650.html
Government says 3.4 million land titles issued
The government has issued a total of 3.4 million land titles across the country, 500,000 of them since a renewed push personally orchestrated by Prime Minister Hun Sen, according to new figures released by the Land Management Ministry. In a notice posted to its website Friday, ...
Aun Pheap
http://www.cambodiadaily.com/news/government-says-3-4-million-land-titles-issued-58477/
Angkor brewery agrees to strikers’ demands
More than 200 striking workers at Cambodia’s largest brewer, Cambrew Ltd., resumed work on Saturday after the company agreed to lift their monthly salary from $120 to $150 as they had been demanding. The workers at the company, which produces Angkor beer and Black Panther stout, ...
Ben Sokhean
http://www.cambodiadaily.com/news/angkor-brewery-agrees-to-strikers-demands-58466/
No clubs near schools, Council of Ministers says
The Council of Ministers on Friday passed a sub-decree on the management of adult entertainment clubs and a draft of a new national housing policy to promote home ownership, a cabinet official said. The new Sub-Decree on Management of Adult Entertainment Places, consisting of 25 articles, ...
Kuch Naren
http://www.cambodiadaily.com/news/no-clubs-near-schools-council-of-ministers-says-58464/
Villagers in Svay Rieng angry over planned canal
More than 200 villagers from three communes in Svay Rieng province on Saturday protested against a proposal to build a huge irrigation canal through their land, a local official said Sunday. The planned canal would stretch across Kraol Kor, Svay Yea and Chhoeuteal communes in Svay ...
Aun Pheap
http://www.cambodiadaily.com/news/villagers-in-svay-rieng-angry-over-planned-canal-58480/
Another three textile union reps arrested
Police arrested another three union representatives on Friday for allegedly inciting garment workers to strike and protest in front of their factory over the past few weeks, this time in Kandal province. It follows the arrest last week of six representatives of another union ahead of ...
Mech Dara
http://www.cambodiadaily.com/news/another-three-textile-union-reps-arrested-58456/
For Union Leader on Run, Militant Attitude Prevails
Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...
Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/
Kia enters market with high hopes
Kia Motors opened its first showroom in Cambodia on Friday and the local authorised dealer, A&A Auto Group, says the time is right for the Korean carmaker to join the ranks of those looking to tap the country’s growing middle class. Sin Soveoung, sales manager for ...
Chan Muyhong
http://www.phnompenhpost.com/business/kia-enters-market-high-hopes
Kratie families march in Phnom Penh to protest evictions
Nearly 200 villagers from Kratie province gathered in Phnom Penh Monday, hoping to deliver a petition to the Cambodian Senate and other government agencies in protest of a rubber company’s development there. The villagers, from Snoul district, say a Vietnamese rubber company began developing in ...
Suy Heimkhemra,
http://www.voacambodia.com/content/kratie-families-march-in-phnom-penh-to-protest-evictions/1912760.html
Groups want US help in improving transparency in extractive industries
Anti-corruption advocates say they want the US government to help them push for transparency in the extractive industries, as ongoing mining continues to disrupt the lives of many Cambodians. At least 120 companies, most of them Chinese, have obtained mining licenses in the last decade, as ...
Lead-up to poll saw SLCs spike
Prime Minister Hun Sen’s 2012 ban on the allocation of economic land concessions was supposed to halt the unpopular practice of turning over large swaths of property to developers. And going by the numbers last year, it worked. But in the vacuum, according to local rights ...
May Titthara
http://www.phnompenhpost.com/national/lead-poll-saw-slcs-spike
Report shows workforce still lacks skills
Cambodia lacks the skilled labor force necessary to advance the economy and the government must find ways to create more valuable work as it faces fierce regional and international competition, according to a new report released Thursday by the World Bank. The report, “East Asia Pacific ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/report-shows-workforce-still-lacks-skills-58432/
Economic expansion of Cambodia; an opportunity for Thai entrepreneurs
The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...
National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001
‘Burst’ of land disputes sees dozens of Cambodians charged: rights group
Cambodian authorities have charged nearly half as many villagers in land dispute cases in the first three months of this year as they did in all of 2013, a local rights group said Thursday, adding that most of the rows stemmed from government-granted land concessions. Following ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/land-05082014175124.html
Survey says firms confident despite deadlock
Local and foreign firms have a high level of confidence in the current economic climate in Cambodia despite the political deadlock in the country since last year’s disputed election, and are optimistic about business over the next year, according to a study to be released ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/survey-says-firms-confident-despite-deadlock-58295/
Report sees increasing foreign investment in industrial sector
The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...
Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector
Parkson to build malls and lease out space
Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...
Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/