Economy and commerce
Unions up wage demands
Deposite not coming close to achieving their goal of a $160 monthly minimum garment wage, unions announced yesterday that they will raise their demands to $177 for 2015. Ken Chhenglang, acting president of the National Independent Federation Textile Union of Cambodia (NIFTUC), said about 10 union ...
Mom Kunthear
http://www.phnompenhpost.com/national/unions-wage-demands
UK urged to help improve Cambodia’s factories
A group of unions in the U.K. is urging its government to make sure British brands sourcing clothes from Cambodian factories respect their workers’ rights, and to ask the European Union to negotiate a deal with the Cambodian government to improve factory conditions. In a July ...
Zsombor Peter
http://www.cambodiadaily.com/news/uk-urged-to-help-improve-cambodias-factories-65704/
Dismissed protests in S'ville over sacked staff
Dozens of workers in Preah Sihanouk province marched on the local labour department yesterday after three days of protests against the sacking of seven employees. ...
Pech Sotheary
http://phnompenhpost.com
Embassy asked to intervene
Boeung Kak residents delivered a petition to the Singaporean Embassy yesterday, calling on it to pressure Singapore-listed HLH Group to halt dealings with a controversial development project at the site until a land row is settled. HLH Group entered a $14.9 million purchase deal in June ...
Chan Muyhong
http://www.phnompenhpost.com/business/embassy-asked-intervene
Food fight: Vendors and security feud over parking
Security guards from Derm Kor market in Phnom Penh’s Tuol Kork district destroyed produce from nearly 100 vegetable vendors yesterday morning after ordering sellers to vacate the premises for parking. ...
Sen David
http://www.phnompenhpost.com/national/food-fight-vendors-and-security-feud-over-parking
Croc release at dam site planned
A conservation group may release 20 baby Siamese crocodiles into the Areng Valley amid an ongoing stand-off between villagers and a Chinese firm over the construction of a controversial hydropower dam in Koh Kong province. Tuy Serey Vathana, country directory at Fauna and Flora International, said ...
Daniel Pye
http://www.phnompenhpost.com/national/croc-release-dam-site-planned
Vendors see justice in arrest
The Friday arrest of a local businesswoman who holds the municipal contract to collect parking and stall fees from markets citywide on breach of trust charges came as no surprise to many vendors, aggrieved by what they say are her unfair business practices. Cheav Vibol, deputy ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/vendors-see-justice-arrest
Government to freeze bank accounts of four tardy tycoons
Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-to-freeze-bank-accounts-of-four-tardy-tycoons-65593/
Cambodian banks see 9.3 pct lending growth in 1st half of 2014: central bank
Cambodia’s banking sector has reported a 9.3-percent increase in lending in the first six months of the year, according to the figures from the National Bank of Cambodia (NBC) on Sunday. The figures showed that the kingdom’s 35 commercial banks had lent a total of 8.09 ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140803/cambodian-banks-see-93-pct-lending-growth-1st-half-2014-cent
Help Cambodia's garment workers, unions urge Business Secretary
The Business Secretary, Vince Cable, must force British clothing companies to investigate whether garments sourced from Cambodia are made at factories with fair labour practices, the unions have warned. Frances O’Grady, general secretary of the Trade Union Congress, has written to Mr Cable warning that ...
Cambodia expected to greet 4.6 mln foreign tourists in 2014: minister
Cambodia is projected to receive 4.6 million international visitors this year, an expected rise of 10 percent from 4.2 million last year, Minister of Tourism Thong Khon said Saturday. “In the first six months of this year, more than 2.2 million foreigners visited Cambodia, up 5.2 ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140802/cambodia-expected-greet-46-mln-foreign-tourists-2014-ministe
Assessing the welfare value of Cambodia's fisheries
Fish and rice are staple foods for all Cambodians. Historical records show that Cambodia’s fisheries have been of major importance for centuries. Fish is a major source of nutritious food in the daily diet, a primary source of employment and income and has strong cultural ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/opinion/detail/3?token=OWQyMTFiNzI4OWI5ZGRmZjI2NDY4NzBmNzM4OGY4
Chinese tourists to Cambodia's Angkor heritage site up 17 pct in first half
The number of Chinese visitors to Cambodia’s Angkor Wat temple, one of the World Heritage Sites, has reached 161,700 in the first six months of this year, a 17 percent rise over the same period last year, an official data showed Friday. The data from the ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/travel/2014-08/01/c_133524492.htm
Workers ill after fainting at factory
A lingering odour in a Sixplus Industry garment factory is aggravating the already-fragile health of its workers, 100 of whom fainted last weekend, and has forced the factory to send many of them back to health centres. ...
Pech Sotheary
http://www.phnompenhpost.com/national/workers-ill-after-fainting-factory
Big strides for savings in MFIs
Microfinance deposits are on the rise, a positive trend that the industry says is moving the country towards a reduced dependency on foreign funding and that will eventually lead to greater control over interest rates. The seven microfinance institutions licensed to take deposits collected $209 million ...
Hor Kimsay
http://www.phnompenhpost.com/business/big-strides-savings-mfis
Thai bus firm to expand into Cambodia
Bus operator Nakhonchai Air plans to open three new services linking Thailand, Cambodia and Vietnam. Kruewan Wongrakmit, managing director of Nakhonchai Air Co, said she hoped to launch new services. ...
Amornrat Mahitthirook
http://www.bangkokpost.com/business/news/423422/nakhonchai-air-plans-expansion-into-cambodia
Maiden landing at beachside airport
Sihanouk Ville International Airport received its first international flight this week, a landing the industry hopes will open up the coastal resort destination to more foreign tourists. A flight by South Korea-based Skywings Asia Airlines, an international charter carrier, arrived from Seoul on Tuesday. One hundred ...
Post Staff
http://www.phnompenhpost.com/business/maiden-landing-beachside-airport
Cashew nut export numbers aren’t adding up: producers
Cambodian cashew nut exports are on the rise, yet export figures are still well below production numbers, with thousands of tonnes unaccounted for. Unshelled cashew nut exports totalled close to $2.5 million in the first six months of the year, with 2,800 tonnes exported, a rise ...
Chan Muyhong
http://www.phnompenhpost.com/business/cashew-nut-export-numbers-aren%E2%80%99t-adding-producers
As Cambodia’s financial sector grows, so do its challenges
The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s banking and microfinance sectors have seen enormous growth in recent years with ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-cambodias-financial-sector-grows-so-do-its-challenges-65414/
Unions want arbitration council deal renewed
Trade unions at either end of the political divide Wednesday said they were eager to renew their agreement with garment factories to abide by the rulings of the country’s Arbitration Council, with some changes, despite a new report showing that both unions and employers often ...
Zsombor Peter
http://www.cambodiadaily.com/business/unions-want-arbitration-council-deal-renewed-65410/
Crops pulled: Locals and NGO staffer questioned
About 150 ethnic Kuoy villagers gathered outside Preah Vihear Provincial Court yesterday to protest the questioning of eight villagers and an NGO staff member for allegedly inciting villagers in Tbeng Meanchey district to destroy 36 tonnes of sugarcane. ...
Phak Seangly
http://www.phnompenhpost.com/national/crops-pulled-locals-and-ngo-staffer-questioned
Cambodia’s hydroelectric question: China power and the environment
Discussion about hydroelectric power plants in Cambodia tends to focus on two aspects, both negative. One is an overdependence on Chinese investment, and the other is a relatively disproportionate focus on the environmental impacts of hydroelectric power. Chinese Influence Most hydroelectric power plants in Cambodia are associated ...
Sim Vireak
http://thediplomat.com/2014/07/cambodias-hydroelectric-question-china-power-and-the-environment/
Direct flights start from Seoul to Sihanoukville
Skywings Asia Airlines completed its maiden voyage from Seoul to Sihanouk International Airport on Tuesday, marking the launch of seasonal direct charter flights between Sihanoukville and South Korea. The new service, which will run from July through August, will connect the beach resort to the large ...
George Styllis
http://www.cambodiadaily.com/business/direct-flights-start-from-seoul-to-sihanoukville-65284/
SECC plans same-day settlement on trading
The Securities and Exchange Commission of Cambodia (SECC) is planning new measures for trading on the local stock exchange that it says will encourage investors to trade more actively. Investors currently need to wait for six intervals – occurring every half-hour between 8.30am and 11.30am – ...
Hor Kimsay
http://www.phnompenhpost.com/business/secc-plans-same-day-settlement-trading