Economy and commerce
New chapter in search for black gold
As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the ...
Daniel de Carteret
http://www.phnompenhpost.com/post-weekend/new-chapter-search-black-gold
Workers end Thai-Cambodia border protest
About 300 disgruntled Cambodian workers and used-garment merchants last night ended their blockade on the border with Thailand. The workers had earlier parked their two-wheel carts in front of the Aranyaprathet-Poi Pet border checkpoint on the Poi Pet side of the Thai-Cambodian friendship bridge. They demanded ...
Bangkok Post Staff
http://www.bangkokpost.com/news/local/427181/workers-end-thai-cambodia-border-protest
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/
Risking it all for rosewood
At dawn on the Dangrek Mountain range, 62-year-old logger Suon Song* uses an empty beer can to boil water for his morning coffee. He’ll need it to stay alert during the illegal and dangerous work ahead, after the first of several sleepless nights in the ...
May Titthara
http://www.phnompenhpost.com/post-weekend/risking-it-all-rosewood
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
ANZ refuses to help evictees of senator’s sugarcane farm
About 100 villagers who lost land to a sugarcane plantation, which was until recently financed by ANZ Royal Bank, traveled to Phnom Penh to protest in front of the bank’s headquarters Thursday, but failed to convince the bank to help them. Several hundred families in Kompong ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/anz-refuses-to-help-evictees-of-senators-sugarcane-farm-66579/
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
6th Chinese-built hydropower dam in Cambodia starts operation
The sixth Chinese-built hydropower plant, located in the Koh Kong province of southwestern Cambodia, has begun producing electricity after more than four years of construction, the China National Heavy Machinery Corporation (CHMC) said in a statement on Thursday. CHMC started to develop the 246-megawatt Tatay River Hydropower Plant in 2010. The dam comprises three generators, each capable of producing 82 megawatts, the statement said. ...
People's Daily Online News Staff
http://english.peopledaily.com.cn/n/2014/0814/c90777-8769756.html
Thai Sugar Company Accused of Rights Abuse in Cambodia
A Thai sugar company with major shares in Cambodian sugar cane is being investigated for human rights violations in operations along the border between the two countries. The National Human Rights Commission of Thailand recently investigated allegations that villagers were forced from their homes to make ...
Suy Heimkhemra
http://www.voacambodia.com/content/thai-sugar-company-accused-of-rights-abuse-in-cambodia/2411955.html
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/
Chinese firm to open 1st duty free store in Cambodia
China Duty Free Group (CDFG) announced Monday that it has invested in a downtown duty free store in Cambodia’s cultural Siem Reap City and the store will be launched in December. “CDFG’s Cambodian subsidiary will firstly start its downtown duty free store of 4,500 square meters ...
Ecns.cn News Staff
http://www.ecns.cn/business/2014/08-12/129128.shtml
China signs 100,000-tonne rice import agreement
The Chinese government-run China National Cereals, Oils and Foodstuffs Corporation (COFCO) will today formally agree to import 100,000 tonnes of rice from Cambodia, local officials say. Representatives from COFCO and Green Trade Co, a Cambodian government-owned agriculture firm, today met in Beijing to sign the agreement, ...
Chan Muyhong
http://www.phnompenhpost.com/business/china-signs-100000-tonne-rice-import-agreement
Singapore's KrisEnergy buys out Chevron in Cambodian oil block
Singapore-based upstream oil and gas firm KrisEnergy Ltd said on Monday it has agreed a $65 million deal to buy out Chevron Corp’s interest in an offshore oil block in Cambodia and take over as the block’s operator. KrisEnergy said in a statement it plans to ...
Rigzone News Staff
https://www.rigzone.com/news/oil_gas/a/134474/Singapores_KrisEnergy_Buys_Out_Chevron_In_Cambodian_Oil_Block
Sihanoukville struggles to shake its seedy image
This tourist town counts itself among the Most Beautiful Bays in the World Club and more than 1 million tourists each year are drawn to its tropical water and sandy shore. Yet when the U.S. Embassy last month warned its citizens to avoid some beaches ...
Ouch Sony and Simon Henderson
http://www.cambodiadaily.com/news/sihanoukville-struggles-to-shake-its-seedy-image-66108/
Bus drivers want ruling respected
Former bus drivers are set to stage a protest today outside Phnom Penh Sorya Transportation Company in the capital’s Daun Penh district, calling on its management to respect an arbitration ruling to reinstate most of them. ...
Mom Kunthear
http://www.phnompenhpost.com/national/bus-drivers-want-ruling-respected
Gov’t seeks a greener tourism industry
The Tourism Ministry will announce a new “Green Hotel” standard later this month in an effort to make the industry more environmentally friendly, senior officials say. Tourism Minister Thong Khon said on Friday that while it will not be immediately compulsory for all hotel venues to ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-seeks-greener-tourism-industry