Economy and commerce
Thai capital market should cater to Cambodia, Laos, Myanmar
Thailand’s capital market should aim to be a funding base for Cambodia, Laos and Myanmar to gain the full benefit from high growth in the Greater Mekong Subregion and a more integrated region through the Asean Economic Community (AEC), panellists at a Euromoney Conferences forum ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MTc2MDk3YzQ2ZTI
Residents left in dark again
Residents in the vicinity of Kab Ko market in Phnom Penh’s Chamkarmon district found themselves fumbling in the dark yet again yesterday on the second consecutive day of hours-long power outages. According to locals, electricity to the street failed around noon on Wednesday and was restored ...
Sen David and Stuart White
http://www.phnompenhpost.com/national/residents-left-dark-again
Gov’t calls on jewellers to improve
Cambodian government officials yesterday appealed to gem and jewellery industry representatives to improve design quality at the opening of the 6th Gem and Jewellery Fair on Koh Pich. Seun Sotha, director of the trade promotion department at the Ministry of Commerce, said while Cambodia’s gemstones are ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-calls-jewellers-improve
Canadia investigating fake $100 ‘hell notes’
Canadia Bank said on Thursday it was investigating how two fake $100 notes were allegedly given to a customer who cashed a check. The customer, Eam Sopheap, a human resources manager at The Cambodia Daily newspaper, said he received two fake $100 notes from a teller ...
Oshua Wilwohl and Ben Sokhean
http://www.cambodiadaily.com/news/canadia-investigating-fake-100-hell-notes-61311/
Confidence for plan low
Union officials and the garment sector’s factory association said yesterday they supported a new program meant to enhance relations between employers and employees, but remained sceptical of how effective it would be. In a ceremony yesterday, the Ministry of Labour inaugurated the program, which entails training ...
Sean Teehan
http://www.phnompenhpost.com/national/confidence-plan-low
Italy seeks to halt EU imports of duty-free Cambodian rice: report
Italy plans to lobby the European Union to halt duty-free imports of rice from Cambodia to protect local rice growers and millers, an industry source says. In a report Thursday, oryza.com said Italy was preparing to submit a report to Brussels saying that Cambodian rice was ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjBkNGJjNWM0ZDR
Timber seized during bust
Mixed security forces led by Kratie province’s court prosecutor yesterday arrested six people in a huge illegal logging bust, confiscating more than 100 cubic metres of protected luxury-grade timber. The arrests of both Cambodian and Vietnamese nationals were the culmination of a three-day crackdown by prosecutor ...
Sen David
http://www.phnompenhpost.com/national/timber-seized-during-bust
In Remote Rovieng, a Much-Touted Steel Plant Has Not Been Built
Two years ago, a ceremony was held in Rovieng district, a remote area in the northern province of Banteay Meanchey, to herald the construction of a major steel plant here. The much-touted plant would make use of iron ore found here. It was to be a ...
Suy Heimkhemra
http://www.voacambodia.com/content/in-remote-rovieng-a-much-touted-steel-plant-has-not-been-built/1934675.html
Salt makers shake out a big surplus
Cambodia’s salt production rose sharply at the end of this year’s harvest season thanks to more favourable weather conditions enhancing yields. Salt production in Kampot and Kep provinces – home to Cambodia’s salt fields – reached 147,000 tonnes this year, nearly double the 80,000 tonnes recorded ...
Hor Kimsay
http://www.phnompenhpost.com/business/salt-makers-shake-out-big-surplus
National Silk Board delayed as ministries fail to coordinate
Formation of the National Silk Board (NSB) has been delayed due to a lag in coordinating ministries to create the industry body, according to the spokesman of Ministry of Commerce. The former minister of commerce, Cham Prasidh, said in June last year that he was aiming ...
Chan Muyhong
http://www.phnompenhpost.com/business/national-silk-board-delayed-ministries-fail-coordinate
Gamblers ready for kick-off
With the World Cup set to kick off in Brazil today, gamblers in Phnom Penh are preparing to place their bets, while city authorities are warning that unauthorised wagers will not be tolerated. Dara*, a seasoned gambler who regularly bets on football matches, told the Post ...
Khouth Sophak Chakrya and Alice Cuddy
http://www.phnompenhpost.com/national/gamblers-ready-kick
Study finds Cambodia most vulnerable to climate change
US credit ratings agency Standard & Poor’s has ranked Cambodia’s economy and creditworthiness as the most vulnerable to the effects of climate change. Of 116 nations measured by S&P as part of a vulnerability index published last month – with a number 1 ranking being the ...
Eddie Morton
http://www.phnompenhpost.com/business/study-finds-cambodia-most-vulnerable-climate-change
Strike over late wages at factory
Workers at a Kampot province cement factory began striking yesterday, protesting late payment of their salaries for May. The 224 employees of Cambodia Cement Chakrey Ting Factory in Kampot’s Teuk Chhou district said the company was supposed to pay them at the end of May but ...
Sen David
http://www.phnompenhpost.com/national/strike-over-late-wages-factory
MFI and insurance firm partner up
Chamroeun Microfinance Limited and Prevoir Kampuchea Micro Life Insurance PLC (PKMI) on Wednesday joined efforts to provide insurance to those on lower incomes. The partnership will provide health insurance to its clients at about $0.51 per month for adults and $0.26 per month for those aged between ...
Kang Sothear
http://www.cambodiadaily.com/business/mfi-and-insurance-firm-partner-up-61231/
Malaysian trade exhibition kicks off in Cambodian capital
The fifth edition of a Malaysian trade exhibition kicked off here on Tuesday, aiming to further promote bilateral trade and investment ties, officials said. The three-day event, held at the Diamond Island Exhibition Center, features 62 Malaysian companies from diverse sectors including construction, business services, industrial ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-06/12/c_133402783.htm
Bilateral trade with Malaysia up 17.6 percent
Bilateral trade between Cambodia and Malaysia increased during the first quarter this year by 17.6 percent compared to the same period last year, a Malaysian official said Tuesday. Trade increased from $89.63 million to $105.4 million, Rasazlan Abdul Rashid, the Malaysian ambassador to Cambodia, told a ...
Kang Sothear
http://www.cambodiadaily.com/business/bilateral-trade-with-malaysia-up-17-6-percent-61078/
Lending by Cambodia's banks rises 6 pct as deposits grow 10 pct in Q1: central bank
Lending by Cambodia’s commercial banks rose by 6 percent while deposits grew by 10 percent in the first quarter of this year, a National Bank of Cambodia (NBC)’s report said Tuesday. The report said the country’s 34 commercial banks had lent a total of 7.87 billion ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/11/c_133397680.htm
Gov’t to meet unions for salary talks
Union members of the Ministry of Labour’s Labour Advisory Committee (LAC) will meet on Monday for a garment industry wage discussion focusing on ideas raised at a workshop in April. The invitation from Labour Minister Ith Sam Heng was sent to the seven LAC unions on ...
Mom Kunthear
http://www.phnompenhpost.com/national/gov%E2%80%99t-meet-unions-salary-talks
Factory shuts down, doesn’t pay salaries
About 400 garment workers arrived for their shifts and monthly pay at Phnom Penh’s Hongkong Yufeng factory Tuesday only to find it shuttered and its owner nowhere to be found, workers’ representatives said. “Today is payday for the workers and since the employer did not have ...
Mech Dara
http://www.cambodiadaily.com/business/factory-shuts-down-doesnt-pay-salaries-61076/
Ocean workers pray for jobs
Protesting workers at Ocean Garment factory say they are worried the manufacturer, which has suspended operations for one month, will close altogether. About 20 per cent of Ocean’s 1,300 workers demanding full payment during the break have found work elsewhere, while longtime employees are literally praying ...
Mom Kunthear
http://www.phnompenhpost.com/national/ocean-workers-pray-jobs
Capital to host tourism fair
For the first time in the event’s 37-year history, Cambodia is to host the annual Pacific Asian Tourism Association Travel Mart (PTM), an annual tourism trade fair organised by the multinational tourism body. So Visothy, director of marketing and information at the Ministry of Tourism, said ...
Chan Muyhong
http://www.phnompenhpost.com/business/capital-host-tourism-fair
PPSEZ to get clinic
A private clinic aiming to provide medical care to factory workers in the Phnom Penh Special Economic Zone (SEZ) will open this month, the health centre’s managing director said yesterday. ...
Amelia Woodside
http://www.phnompenhpost.com/national/ppsez-get-clinic
Cambodia's bourse to get 2nd listed firm after over 2-year operation
Cambodia’s fledgling stock market is set to receive the second listed company next Monday after operating with a single listed firm for more than two years, officials said Tuesday. Hong Sok Hour, Chief Executive Officer of the Cambodian Securities Exchange (CSX), said the bourse had approved ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=223532
Kingdom breweries up for sale
Private equity firm Leopard Capital announced Monday that it is putting its controlling interest in Cambodian beer company Kingdom Breweries up for sale as part of the fund’s requirement to exit its investments before a 2016 expiry. Leopard Cambodia Fund, an investment fund managed by Leopard ...
George Styllis
http://www.cambodiadaily.com/business/kingdom-breweries-up-for-sale-2-60905/