Economy and commerce

Vietnamese funding curbs will not delay hospital development

Despite Vietnamese state-owned companies withdrawing funding from projects outside of their core business, the $20 million expansion of the Vietnamese-backed Cho Ray Phnom Penh Hospital remains on track, the hospital’s head said yesterday. In July 2012 the Vietnamese government requested that state-owned enterprises withdraw investment in ...

Daniel de Carteret
http://www.phnompenhpost.com/business/vietnamese-funding-curbs-will-not-delay-hospital-development

Bus company sues strikers

After grappling with weeks of on-again, off-again strikes, the Phnom Penh Sorya Transportation bus firm has filed complaints against 20 former employees for incitement, making threats and using the company uniform without permission. General manager Chan Sophanna said yesterday that the company filed the complaints to ...

Mom Kunthear
http://www.phnompenhpost.com/national/bus-company-sues-strikers

AAA takes flight from Japan to Siem Reap

Asia Atlantic Airlines (AAA) made its first flight from Japan’s Narita International Airport to Siem Reap on May 3 with more than 260 tourists on board – and there are more to come. AAA ran the test flight last week before committing to two flights per ...

Hor Kimsay
http://www.phnompenhpost.com/business/aaa-takes-flight-japan-siem-reap

Garment protest trial defendants deny charges

Defendants in a mass trial of 25 men and teenagers accused of joining a string of violent garment worker protests continued to profess their innocence during the second day of hearings at the Phnom Penh Municipal Court on Tuesday. Twenty-three of the men were arrested in ...

Khy Sovuthy and Eang Mengleng
http://www.cambodiadaily.com/news/garment-protest-trial-defendants-deny-charges-58166/

Families ask Hun Sen for help to reclaim farms

Dozens of representatives from at least 100 recently evicted families accused of illegally occupying state land in Kratie province traveled to Phnom Penh on Monday morning to petition Prime Minister Hun Sen for his help getting their land back. The families say local authorities have been ...

Aun Pheap
http://www.cambodiadaily.com/news/families-ask-hun-sen-for-help-to-reclaim-farms-58137/

Aeon microfinance booms with mall on horizon

When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...

George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/

Hun Sen to visit Russia

Russia invites some Ministers of Cambodia to visit Russia to sign Memorandum of Understanding on bilateral consultation between the two countries, a government official said. The invitation was made during a meeting Monday between Cambodia’s Foreign Minister Hor Namhong and Dmitry Tsvetkov, new Russian Ambassador to ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=YjA5ODNhZGM4YzI

Cambodia exports 120,291 tons rice January-April, 2014; up 1.5% from last year

Cambodia exported about 120,291 tons of rice in first four months of calendar year 2014, up about 1.5% from about 118,504 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...

Oryza News Staff
http://oryza.com/news/rice-news/cambodia-exports-120291-tons-rice-january-april-2014-15-last-year

Cambodia receives 1.27 mln foreign tourists in Q1

Cambodia welcomed some 1.27 million international visitors in the first three months of 2014, an 8 percent rise from 1.17 million recorded the same period last year, official data showed Monday. During the January-March period, Vietnam topped the chart among the top ten markets of tourists ...

Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-05/06/c_133313841.htm

Deposits rally after election outflows

Savings levels at Cambodia’s microfinance institutions (MFIs) have recovered well since the widespread withdrawal that followed last July’s disputed national election, with more than $90 million deposited in the first quarter of this year. The amount of deposits in MFI accounts fell from $378 million in ...

Hor Kimsay
http://www.phnompenhpost.com/business/deposits-rally-after-election-outflows

Ibis Rice exports on horizon

The Wildlife Conservation Society (WCS) says its Ibis Rice project has recorded a production surplus for the first time in its five-year history, prompting a bid to export the boutique product overseas. Concentrated in Preah Vihear province, Ibis Rice farmers produced more than 435 tonnes of ...

Eddie Morton
http://www.phnompenhpost.com/national/ibis-rice-exports-horizon

Flood concerns eased by cassava price hikes

Despite flood damage causing reduced production levels, cassava farmers in Pailin province are benefiting from an increase in the purchasing price, provincial department of agriculture officials say. “This year’s harvest dropped to 25 tonnes per hectare from 30 tonnes per hectare last season because of the ...

Chan Muyhong
http://www.phnompenhpost.com/business/flood-concerns-eased-cassava-price-hikes-0

Police make arrest, file complaints in Bavet strike

Police in Svay Rieng province on Tuesday arrested a garment worker for allegedly breaking a car window during a strike that turned violent in Bavet City the day before, and have filed complaints to the provincial court against two union representatives accused of defamation. The arrest ...

Aun Pheap
http://www.cambodiadaily.com/news/police-make-arrest-file-complaints-in-bavet-strike-57856/

Joint venture to embark on SoHo twin-tower project

Singaporean investors will invest $300 million to erect a twin-towered commercial building called The Bridge, in downtown Phnom Penh. The Bridge, which is a joint venture between Singapore Oxley Holdings and Cambodia World Bridge Land, aims to make its mark on the city landscape by constructing ...

Sum Manet
http://www.phnompenhpost.com/real-estate/joint-venture-embark-soho-twin-tower-project

Villagers in land dispute with Phanimex petition authorities

Four hundred Kandal villagers locked in a land dispute in Ponhea Leu district with development company Phanimex submitted a petition Wednesday to district authorities and rights group Adhoc calling for a solution. The petition came a day after villagers blocked National Road 5 for more than ...

Ben Sokhean
http://www.cambodiadaily.com/news/villagers-in-land-dispute-with-phanimex-petition-authorities-57882/

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