Economy and commerce

Lack of funds delays railway

The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official. Originally slated to begin construction last year, China Railway’s chairman, Li Changjin, told the South China Morning Post that work on the 400-kilometre railway ...

Daniel de Carteret
http://www.phnompenhpost.com/business/lack-funds-delays-railway

Unrest among disabled security guards at SL Garment Factory

A team of disabled security guards hired to protect the embattled SL Garment Factory in Phnom Penh is seeking the formalization of their employment and an end to what they claim is the factory’s exploitation of their impairments. In November—at the height of an occasionally violent, ...

Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/unrest-among-disabled-security-guards-at-sl-garment-factory-56892/

DefTech targets Cambodia, Myanmar jobs

Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is setting its sights on Cambodia and Myanmar, said chief executive officer Amril Samsudin. ...

The Star News Staff
http://www.thestar.com.my/Business/Business-News/2014/04/21/DefTech-targets-Cambodia-Myanmar-jobs/

Vietnam's HAGL to harvest corn in Cambodia, Laos this year

Vietnam’s HAGL JSC is expanding its overseas plantations and plans to harvest corn in Cambodia and Laos this year, Bloomberg News reported Monday. ...

Everyday News Staff
http://www.everyday.com.kh/en/article/21710.html

Canada couple bring Chinese, Indians into Cambodia gold company

Mike Weeks and Delayne Weeks of Canada had a dream five years ago: create a gold mine. Do it in a nation that has never produced gold commercially. Use the process to educate and enrich an impoverished population. The country is Cambodia. The mine is in northeast ...

Thom Calandra
http://www.equities.com/editors-desk/futures-commodities/canada-couple-bring-chinese-indians-into-cambodia-gold-company

Arrests after vendors rally in Sisophon

Three people were arrested in Banteay Meanchey province on Friday during a protest in which more than 400 vendors rallied against orders to move to new market sites. In what authorities said was an effort to “restore public order”, police and military forces were deployed to ...

Sen David
http://www.phnompenhpost.com/national/arrests-after-vendors-rally-sisophon

Sorya bus drivers fired after wage strikes

At least eight bus drivers from Phnom Penh Sorya Transportation company were fired last week for leading a strike before Khmer New Year to demand higher wages, employees and union representatives said Sunday. About 80 drivers went on strike on April 3 demanding a $60 increase ...

Ben Sokhean
http://www.cambodiadaily.com/news/sorya-bus-drivers-fired-after-wage-strikes-56764/

NagaCorp VIP program questioned

Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...

Eddie Morton
http://www.phnompenhpost.com/business/nagacorp-vip-program-questioned

Cambodia's only listed firm reports 12.5 pct surge in profit last year

Phnom Penh Water Supply Authority (PPWSA), Cambodia’s only listed company, made a net profit of 9.68 million US dollars in 2013, up 12.5 percent compared with 8.6 million US dollars in a year earlier, the firm ‘s audited financial statement showed Saturday. The statement said the ...

Global Times News Staff
http://www.globaltimes.cn/content/855552.shtml#.U1SHrPmSxqV

Nationwide garment factory strike sputters into second day

A few garment factories resumed operations in Phnom Penh on Friday, albeit at reduced capacity, as thousands of workers returned to the city after Khmer New Year celebrations in the provinces. While the majority of factories in Meanchey and Pur Senchey districts stayed closed, it remained ...

Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/nationwide-garment-factory-strike-sputters-into-second-day-56740/

Cambodia's second stock listing delayed

A Taiwanese-owned garment maker has delayed its planned Cambodia listing by three weeks, setting back what would be just the second initial public offering to be held in this developing Southeast Asian nation. Grand Twins International (Cambodia) PLC now plans to list on May 29, according ...

Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304626304579509390823129458

S Reap fish paste production halts over weak demand

Villagers in Kampong Khlaing commune in Siem Reap province’s Sotr Nikum district have halted Kamlearnh fish paste production due to lagging demand, according to the industry’s representative body. Proum Hong, president of Kampong Khlaing Fish Paste Producers Association (KKFPPA), said the inflated price of the product, ...

Chan Muyhong
http://www.phnompenhpost.com/business/s-reap-fish-paste-production-halts-over-weak-demand

Mu Sochua to restart Freedom Park campaign

Mu Sochua, a lawmaker-elect for the opposition CNRP, announced Thursday that she will on Sunday morning resume her campaign to enter Phnom Penh’s Freedom Park. Last month, Ms. Sochua appeared at the park alone for four straight days—each day being physically barred by authorities—in an effort ...

Alex Willemyns
http://www.cambodiadaily.com/news/mu-sochua-to-restart-freedom-park-campaign-56712/

Cambodian largest port sees rise in cargo shipment in first quarter

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, reported a 13 percent rise in cargo shipments in the first three months of this year, a port’s data showed Thursday. Some 862,380 tons of goods had been transported through the port during the January-March period this year, ...

Global Times News Staff
http://www.globaltimes.cn/content/855162.shtml#.U1CEvPmSxqU

Another New Year fracas at land dispute site

Security guards at the center of a yearlong land dispute between families in Phnom Penh’s Boeng Kak community and the Khun Sear Import Export Company on Wednesday accused the families of attacking them during a late-night Khmer New Year drinking party. Nuon Sokhannara, one of the ...

Aun Pheap
http://www.cambodiadaily.com/news/another-new-year-fracas-at-land-dispute-site-56626/

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