NGOs say bank must remain to clean mess

Rights groups yesterday called on ANZ bank to help address alleged labour and environmental violations at Phnom Penh Sugar Company instead of walking away from the problem. A joint statement released yesterday by Equitable Cambodia and Inclusive Development International said it would be wrong for the ...

Daniel de Carteret
http://www.phnompenhpost.com/business/ngos-say-bank-must-remain-clean-mess

India urges more trade action

The Indian ambassador to Cambodia is calling on the government to reduce exorbitant shipping costs and take better advantage of a tariff scheme that India offers, two obstacles that the diplomat says are discouraging bilateral trade. Ambassador Dinesh Patnaik said on Tuesday that Indian businesses exporting ...

Eddie Morton
http://www.phnompenhpost.com/business/india-urges-more-trade-action

Kuoy tribe says 7,000 hectares overrun by Chinese companies

With a Cambodian delegation in Geneva defending its human rights efforts, a minority group in Preah Vihear province is calling for the cancellation of two licenses for Chinese companies accused of grabbing thousands of hectares of land. ...

Kong Sothanarith, VOA Khmer
http://www.voacambodia.com/content/kuoy-tribe-says-7000-hectares-overrun-by-chinese-companies/1839370.html

Cambodia's rubber export up 34 pct in 2013

Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/23/c_133068429.htm

ANZ sugar fallout broadens

Shareholders will want answers from ANZ bank after it was revealed this week that the banking giant’s joint venture in Cambodia financed ruling party senator Ly Yong Phat’s controversial sugar plantation, the Responsible Investment Association Australia (RIAA) said yesterday. Environmental audit documents obtained by the Post on Tuesday ...

Daniel de Carteret
http://www.phnompenhpost.com/business/anz-sugar-fallout-broadens

ANZ Implicated in Sugar Plantation Evictions

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the bank helped to finance in Kompong Speu province. The NGOs also made public a 2013 social and environmental impact assessment of ...

Zsombor Peter
http://www.cambodiadaily.com/business/anz-implicated-in-sugar-plantation-evictions-50980/

Exports consistent for Cambodia’s ag sector

Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...

May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector

Cambodia produces 9.3 mln tonnes of paddy rice last year

Cambodia had produced 9.3 million tons of paddy rice in 2013, which was comparable to the amount in 2012, according to the report of the Ministry of Agriculture on Thursday.​ Hean Vanhorn, director of the single window secretariat for facilitating milled rice exports, called on ...

Global Times News Staff
http://www.globaltimes.cn/content/838958.shtml#.UuHaSMr-LIU

EU resolution passed against sugar abuses

The European Parliament has passed a resolution calling on the bloc’s executive body to urgently act on an EU preferential trade scheme found to have carried high risks of human rights violations in Cambodia through land evictions for industrial sugar development. In a January 16 resolution, ...

Kevin Ponniah
http://www.phnompenhpost.com/national/eu-resolution-passed-against-sugar-abuses

Tax hike cuts slaughterers’ profit

Almost 50 livestock slaughterers in Preah Vihear town yesterday protested a rise in taxes and fees they must to pay on their products. Pin Raksmey, chief of the committee at Kampong Pranak market, said that the problem was out of his hands. ...

Sen David
http://www.phnompenhpost.com/national/tax-hike-cuts-slaughterers%E2%80%99-profit

Season’s Bountiful Fish Catch Means Prahok Will Be Plentiful

Last week marked the end of the annual fishing season and many who had gathered on the riverbanks to buy and sell fish in the Russei Keo district of Phnom Penh called it the best season in years. An abundance of fish, there were bargain prices ...

Ben Sokhean and Malia Guyer-Stevens
http://www.cambodiadaily.com/news/seasons-bountiful-fish-catch-means-prahok-will-be-plentiful-50893/

Food Vendors Feel the Bite of Soaring Inflation

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/

Cambodia's trade with foreign countries reaches nearly 16 bln USD last year

Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm

Villagers in Land Dispute Detain Workers, Confiscate Equipment

Villagers involved in a land dispute in Battambang province on Monday temporarily detained six men working for an agribusiness firm who were preparing the disputed land to be cleared, residents and police said. The six workers were using mine detectors to check for unexploded ordnance in ...

Kuch Naren
http://www.cambodiadaily.com/news/villagers-in-land-dispute-detain-workers-confiscate-equipment-50594/

Rights group sues ELC staff

Three rights monitors filed an attempted murder lawsuit against a Mondulkiri land concessionaire employee on Wednesday, after he violently denied them access to an area under investigation for forest crimes, Adhoc said yesterday. The stand-off comes on the heels of a second potentially violent confrontation ...

Phak Seangly
http://www.phnompenhpost.com/national/rights-group-sues-elc-staff

Korean deal gives palm sugar farmers pay day

Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...

Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day

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