Urban administration and development
Phnom Penh Garment Factory Protest Resolved
More than 4,000 workers from two Phnom Penh garment factories belonging to a company that supplies international brands Gap, H&M and Levi Strauss returned to work yesterday after reaching an agreement with owners, union and factory representatives said yesterday. Eah Chip Eang, personnel manager for SL ...
Eviction worry delays Phnom Penh mega project
The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...
New Phnom Penh Overpass Will Affect About 100 Families
More than 60 families will have their homes destroyed to make way for a new overpass in Phnom Penh’s Meanchey district once construction begins in June, according to a statement posted Saturday on the city’s website. The overpass spanning Monireth Boulevard will displace 66 families and ...
President Obama Expected to Attend Summit in Phnom Penh
A senior White House official has again indicated that U.S. President Barack Obama is expected to attend the East Asia Summit in Phnom Penh in November. U.S. Assistant Secretary of State for East Asia and Pacific Affairs Kurt Campbell reiterated Mr. Obama’s plans to attend the ...
Sihanoukville port on track for stock float
The Sihanoukville Autonomous Port was making every effort to speed up preparations for its listing on the Cambodia Securities Exchange, the port’s chief executive officer, Lou Kim Chhun, said this week. The company would list 15% of it’s stock to begin with, and would ‘study ...
To Phnom Penh Relief, Dam Starts Operating
The Kirirom III Hydropower Station in Kompong Speu province started operating last month, providing 18 megawatts of electricity to both Kompong Speu and Phnom Penh, an official at state-owned Electricite du Cambodge said yesterday. The additional power from the $47 million dam will help alleviate Phnom ...
Workers Pledge to Continue Strike Action in Phnom Penh
Garment factory workers on Saturday blocked Street 371 in Phnom Penh’s Meanchey district for the second day and said they will continue their strike today unless factory managers give in to their demands. During Saturday’s strike action, more than 3,000 workers from the S.L. Garment Factory ...
Crocodile farmers feel bite as demand continues to fall
The price of crocodile hatchlings in Siem Reap province has dropped drastically, and many local farmers are worrying about the future viability of crocodile farming. Tim Bunseng, a crocodile farmer in Siem Reap with around 200 female hatchlings, said the price he can get has dropped ...
Phnom Penh's restaurant landscape changing
With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...
http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html
Second can factory will cater to locals’ thirst
Crown Holdings, a metal packaging company, said this week it would build a second factory in Cambodia to keep up with the Kingdom’s growing beer industry. The Sihanoukville factory, which is expected to produce 725 million aluminium cans a year, will be begin operating in the ...
Appeal Begins in Cambodia-Related Fraud Case
An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...
US Packager to Open Plant in Sihanoukville
American packaging firm Crown Holdings Inc. announced Tuesday it would build a new can manufacturing plant in Sihanoukville that will become operational in the second half of 2013. Although it did not say how much the project was worth, the factory will produce 725 million 33 ...
Thailand's allure is strong in Srei Snam
Dry, parched ground – evidence of severe dry season drought – stretches for miles in Siem Reap’s Srei Snam district. In a couple of months, the rains will flood these fields. Both conditions make it equally impossible to produce a good harvest. Srei Snam was a ...
http://www.phnompenhpost.com/index.php/2012051056096/National-news/looking-for-a-better-life.html
Follow-up IPOs still on track
Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
Families ask PM to help end dispute
About 500 families from three communes in Siem Reap province’s Chi Kraeng district are seeking the prime minister’s intervention in a dispute with a rubber company over 1,000 hectares of land. Siem Reap provincial governor Chan Sophal said on Wednesday that Cambodian People’s Party lawmaker Seang ...
Talks on for Cambodian tablet
Mobile payment company Wing was in talks on partnering with a US technology firm that plans to assemble Android tablets in Cambodia, in what could be another step away from the country’s staple manufactured good – garments. Although a final partnership agreement had yet to made ...
http://www.phnompenhpost.com/index.php/2012050355945/Business/talks-on-for-cambodian-tablet.html
Partners Help Urban Food Security Project In Phnom Penh
PHNOM PENH: Fisheries Administration and FAO launch the Inception Workshop on Micro and Small Enterprise Development to Achieve Food Security, Food Safety and Self Reliance for Urban Poor in Phnom Penh, citing that it will help local community. At the workshop, H.E. Kao Sochivy, deputy director general of fisheries department said: “urban food security project ...
Sihanoukville port construction in final phase
The government will spend a total of $85 million, funded by a Japanese government loan, for the third and final phase of the expansion of Sihanoukville Autonomous Port, which will more than double the port’s import-export capacity by 2012, Prime Minister Hun Sen said yesterday. “It ...
Cambodia's new corporate darling
Industries such as tourism and garment production are booming. Mining is taking off and the Cambodian Stock Exchange (CSX) is finally up and running after a 10-month delay with Phnom Penh Water Supply (PPWS) its first listing. “PPWS is considered one of the best managed state ...
http://www.bangkokpost.com/business/economics/291098/cambodia-new-corporate-darling
Sihanoukville Port plans to list on stock exchange in July
While the Phnom Penh Water Supply Authority’s (PPWSA) share price continued to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plans to register by the end of July. At a ceremony marking the first ...
Demand slow for Phnom Penh office space
Slow demand for office space in Phnom Penh is leaving the owners of high-rise buildings constructed in recent years struggling to find clients, according to real estate experts. But construction of the Vattanac Capital Tower, a $150 million, 36-story building slated to open its first ...
Some provinces see tourism up 50% for New Year
About 1.8 million Cambodians traveled to the coastal and northeastern provinces to celebrate Khmer New Year, a 50 percent increase compared with last year, Tourism Minister Thong Khon said yesterday. Mr Khon said Cambodians are starting to seek out other vacation spots besides the coastal provinces ...
PPWSA stock to list today
Investors, along with the next two companies expected to list on the Cambodia Securities Exchange, will watch carefully this morning the action on the country’s first initial public offering, nine months after the CSX officially opened. After a book-building process that was 17 times over-subscribed, Phnom Penh ...
http://www.phnompenhpost.com/index.php/2012041855632/Business/ppwsa-stock-floats-today.html
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html