Industries

Questions over strike violence

A Kampong Speu judge released the vice-president and a member of the Free Trade Union on bail yesterday after the court questioned the two about their alleged roles in a violent demonstration at Sabrina Garment factory. ...

Mom Kunthear
http://www.phnompenhpost.com/national/questions-over-strike-violence

Travel group calms visitors

In an apparent bid to reassure jittery visitors watching the country’s political scene, the Cambodia Association of Travel Agents (CATA) said in a statement yesterday that post-election tensions would not harm tourists. Addressing its members – tour operators and travel agencies – as well as national ...

Anne Renzenbrink and Laura Ma
http://www.phnompenhpost.com/business/travel-group-calms-visitors

Tuk-tuks to be solar-powered

Australian green energy company Star 8 has designed a solar-powered tuk-tuk and is in the process of building a factory in Cambodia to make the vehicles, according to a report in Australian newspaper The Age. The vehicles’ makers said the tuk-tuks will cost between A$2,000 (US$1,865) ...

Daniel de Carteret
http://www.phnompenhpost.com/business/tuk-tuks-be-solar-powered

Cambodian textile workers who supply UK clothing stores ‘starving’ and suffering 'mass faintings'

By the time London Fashion Week comes to a close, 58 high-end designers will have shown their collections. Rail-thin models will have walked the runways. Debate will have raged over size zero. In Cambodia, meanwhile, garment workers stitching clothes that supply the UK high street are ...

Poppy Mcpherson
http://www.independent.co.uk/life-style/fashion/news/cambodian-textile-workers-who-supply-uk-clothing-stores-starving-and-suffering-mass-faintings-8820468.html

Tourists in Phnom Penh Find Novelty Among Demonstrations

Despite the demonstration at Freedom Park, razor-wire barricades, blocked streets and clashes between citizens and police in the past two days, it appears that the camp-in and security presence in the city are merely a novelty for some tourists. On Monday afternoon, one couple, Australians John ...

Matt Blomberg
http://www.cambodiadaily.com/elections/tourists-in-phnom-penh-find-novelty-among-demonstrations-42535/

Cambodia reports 1.41 bln USD trade deficit in first eight months

Cambodia has witnessed a trade deficit of 1.41 billion U.S. dollars in the first eight months of the year, according to figures from the Ministry of Commerce on Monday. The country’s total import and export volume was valued at 10.45 billion U.S. dollars during the January-August ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/16/c_132725537.htm

Siem Reap’s Secret Multimillion Dollar Land Swap

Inside the grounds of this city’s old provincial hall, past a green corrugated iron fence, municipal street cleaners and their families are squatting in what was once a bustling government office filled with civil servants. Across the road, the former department of rural development is a ...

Phorn Bopha and Simon Marks
http://www.cambodiadaily.com/selected-features/siem-reaps-secret-multimillion-dollar-land-swap-42375/

Government to Consider New Minimum Wage

The Ministry of Social Affairs on Friday established four sub-committees tasked with finding a new minimum wage for the country’s 300,000-plus garment factory workers, Minister Ith Sam Heng said on Friday. “The sub-committees have a limited time of five weeks for research before they have to ...

Khuon Narim
http://www.cambodiadaily.com/news/government-to-consider-new-minimum-wage-42317/

Forward steps for garment salary raise

Four subcommittees formed by the Ministry of Social Affairs met on Friday to begin establishing a new minimum wage for garment workers that will go into effect next year. Following the meeting, Social Affairs Minister Ith Sam Heng told reporters that factory production rates, garment worker ...

Sen David
http://www.phnompenhpost.com/national/forward-steps-garment-salary-raise

Siem Reap hotel gets new owner

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Post Staff
http://www.phnompenhpost.com/business/siem-reap-hotel-gets-new-owner

Cambodia receives over 2.4 mln foreign visitors in 7 months

Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. During the January-July period this year, Vietnam ...

Global Times News Staff
http://www.globaltimes.cn/content/810761.shtml#.UjJ2qNKBmN8

Economy Should Do Well, Despite China Slowdown: Experts

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

Khoun Theara
http://www.voacambodia.com/content/economy-should-do-well-despite-china-slowdown-experts-cambodia-khmer/1748785.html

Landmark Hopeful of Future Retail Agreements

A 20-story retail and office building development opposite Phnom Penh’s Freedom Park by U.K.-based Hongkong Land Ltd. (HKL) is being built without pre-existing rental agreements, the company’s general manager, Daniel Parkes, said Thursday. Land Management Minister Im Chhun Lim last Friday hosted the groundbreaking of the ...

Alex Willemyns and Hul Reaksmey
http://www.cambodiadaily.com/business/landmark-hopeful-of-future-retail%E2%80%88agreements-42254/

Workers split on call to rally

Union workers and leaders appeared divided yesterday on the question of whether to support the opposition party’s planned three-day demonstration at Freedom Park. Campaign promises from the Cambodia National Rescue Party to raise minimum monthly salaries to $150 seemed to have struck a chord with garment ...

Chhay Channyda and Sean Teehan
http://www.phnompenhpost.com/national/workers-split-call-rally

Mekong basin countries target double-digit tourism growth

Five Southeast Asian countries, Cambodia, Laos, Myanmar, Thailand and Viet Nam, are targeting a double-digit growth rate of international visitors annually by 2015 under the theme “Five Countries – One Destination”, according to Hoang Tuan Anh, Viet Nam’s Minister of Culture, Sport and Tourism. In a ...

VietNamNet Bridge Staff
http://english.vietnamnet.vn/fms/travel/84268/mekong-basin-countries-target-double-digit-tourism-growth.html

Cambodians traveling abroad increased by 11.9 percent

There were 509,050 Cambodians traveling abroad in the first seven months of 2013, an increase of 11.9 percent compared to the 455,017 travelers over the same period last year, according to a report by the Ministry of Tourism. Most of them visited Thailand, Vietnam, Singapore, Malaysia ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODJhOTBlZDgxNWU

Minimum wage panel sets a meet

A joint committee designed to bring about wage increases in the garment sector will meet for the first time on Friday, a Ministry of Social Affairs letter obtained yesterday states. Ath Thorn, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said he believed ...

Mom Kunthear
http://www.phnompenhpost.com/national/minimum-wage-panel-sets-meet

Insurance Sector Sees Growth in First 6 Months

Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...

Hul Reaksmey
http://www.cambodiadaily.com/business/insurance-sector-sees-growth-in%E2%80%88first-6-months-42216/

Apsara Authority Moves to Offices Far From Siem Reap City

Apsara Authority officials on Tuesday began moving to their new offices far outside of Siem Reap onto land within the Angkor Archaeological Park as part of a swap with the city’s provincial government, officials said. The move comes after Prime Minister Hun Sen ordered Siem Reap’s ...

Kuch Naren
http://www.cambodiadaily.com/news/apsara-authority-moves-to-offices-far-from-siem-reap-city-42132/

Singapore Invests in New Cambodian Bank

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/singapore-invests-in-new-cambodian-bank-42137/

Damage control for Dumex

While New Zealand dairy giant Fonterra is working overtime to restore its damaged brand in the wake of a contaminated baby milk scare that triggered a global recall, local distributors whose products included the suspect ingredient are defending their own reputations. Local supplier Dumex Cambodia ...

Daniel de Carteret
http://www.phnompenhpost.com/business/damage-control-dumex

Cambodia's tax revenue up 17 pct in 8 months of 2013

Cambodia’s General Department of Taxation said Monday it had collected 606 million U.S. dollars of tax [sic] in the first eight months of the year, up 17 percent compared with the same period last year. The revenue came from tax on profit, withholding tax, tax on ...

Asean-China Center News Staff
http://www.asean-china-center.org/english/2013-09/10/c_132708061.htm

SBC Bank Signs JCB Card Issuance MOU in Cambodia

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial bank in Cambodia, signed a memorandum of understanding with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, for the issuance of JCB cards in Cambodia. A ceremony to commemorate the milestone moment was held ...

The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWI4OTU3NmNkYmR#sthash.uvnJElMQ.dpuf

Cambodia's construction continues strong growth in H1: minister

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said ...

Global Times News Staff
http://www.globaltimes.cn/content/810044.shtml#.Ui69otKBmN8

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