Economy and commerce

FAO Estimates Cambodia 2014 Rice Exports to Increase Slightly to 1.2 Million Tons

The UN’s Food and Agriculture Organization (FAO) has estimated Cambodia’s 2014 rice exports to increase slightly to 1.2 million tons over that in 2013 due to increased production. The FAO reports that its exports estimate includes unofficial exports of milled as well as paddy rice ...

Oryza News Staff
http://oryza.com/news/rice-news/fao-estimates-cambodia-2014-rice-exports-increase-slightly-12-million-tons

South Korea Denies Asking Gov’t to Stop Strike

The South Korean ambassador to Cambodia, Kim Han-soo, on Monday denied having asked the Labor Ministry to stop a strike at a South Korean-owned garment factory last week, but said the dispute has put a $40 million investment from the parent company on hold. On Sunday, ...

Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/south-korea-denies-asking-govt-to-stop-strike-60316/

Insurance law reform under way

The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...

Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way

Villagers won’t swap land for apartments

Villagers who claim a development project in Russey Keo district has already taken a bite out of their land said yesterday that they fear the plan will swallow the rest of their property, as they filed petitions and met with local authorities. Members of 80 families ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/villagers-won%E2%80%99t-swap-land-apartments

Cambodia’s ‘Better Factories’ Are Getting A Lot Worse

Three months pregnant at the time, Sam Ath doesn’t remember collapsing two months ago at the crowded, muggy garment factory where she works at the southwestern edge of the Cambodian capital. The 30-year-old woke up in a hospital bed, only to be told that she had ...

Geoffrey Cain
http://www.mintpressnews.com/cambodias-better-factories-are-getting-a-lot-worse/191790/

Two accused over suspected fake shower lotion

Two Vietnamese men appeared in Kompong Chhnang Provincial Court on Monday for allegedly selling bottles of fake shower lotion. Nguyen Yang Nhik, 24, and Lam Thai Chou, 36, were arrested with 31 boxes of fake shower lotion at the Kompong Tralach district market on Saturday, police ...

Hay Pisey
http://www.cambodiadaily.com/news/two-accused-over-suspected-fake-shower-lotion-60324/

About 30 workers faint

About 30 workers at Ghin Yi factory fainted on Monday noon after learning that their colleague fainted at the factory in Chamkar Svay commune of Samaki Meanchey district of Kampong Chhnang province. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=ZWMxNDI0MDEzYjE

Cambodia relies on ASEAN

Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/

Marubeni powers into Cambodia

Marubeni Corp. said Monday that it would acquire a 20 percent stake in a Cambodia-based electricity generation and transmission business owned and operated by Malaysia’s Leader Group, marking Japan’s first foray into Cambodia’s power market. Leader Infrastructure Ltd. operates two 50 megawatt coal-fired power stations in ...

Kyodo News Staff
http://www.japantimes.co.jp/news/2014/06/02/business/marubeni-powers-into-cambodia/#.U4128fmSx8F

Bordering on despair

In the wake of last month’s Thai military coup, an uneasy quiet has fallen over official checkpoints in Oddar Meanchey province, leading many on this side of the border to fear for their livelihoods. Sitting on a motorbike in the queue for O’Smach international border checkpoint ...

May Titthara
http://www.phnompenhpost.com/national/bordering-despair

Dredging for development

With some people eating lunch off a tablecloth on the ground as children played in the distance, the scene in a small village in Phnom Penh’s Russey Keo district yesterday afternoon looked somewhat like a picnic. But villagers had gathered there, a few metres from a ...

Khouth Sophak Chakrya and Sean Teehan
http://www.phnompenhpost.com/national/dredging-development

Cambodia needs 26.5 bln USD for next five-year development plan

The Cambodian Council of Ministers on Friday approved a five-year development strategic plan (2014-2018), which needs financial resources of 26.5 billion U.S. dollars to achieve the target, according to a news statement released after a weekly cabinet meeting. The plan is designed to develop infrastructure, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-05/30/c_133374027.htm

Gov’t orders halt to Koh Pich expansion

The owner and developer of Koh Pich in Phnom Penh has been ordered by the government to scale back its expansion of the island, according to the Ministry of Water Resources and Meteorology. According to a statement posted to the ministry’s website on Wednesday, the Overseas ...

Mech Dara
http://www.cambodiadaily.com/news/govt-orders-halt-to-koh-pich-expansion-60029/

As verdicts loom in 25 protest related cases, acquittals sought

Verdicts will be handed down Friday in two garment protest-related cases that rights groups say were built on a weak body of evidence. The two cases occurred months apart but followed a similar narrative: Garment workers fed up with their calls for a higher monthly minimum ...

Lauren Crothers
http://www.cambodiadaily.com/news/as-verdicts-loom-in-25-protest-related-cases-acquittals-sought-60056/

Monks protest over institute

A group of about 100 people, including 50 or so monks, attempted to march yesterday to protest outside Phnom Penh’s Buddhist Institute, but were thwarted by droves of military police and district security guards on Sisowath Quay. No violence occurred as Independent Monk Network leader But ...

Chhay Channyda
http://www.phnompenhpost.com/national/monks-protest-over-institute

Company digs trench around family’s home

Hang Chantha watched in horror last weekend as a private company battling to take her land dug a four-meter-deep trench around the perimeter of her home. “After the company dug, I could not sleep at night; I was afraid my house would fall,” she recounted Thursday, ...

Ben Sokhean and Alex Consiglio
http://www.cambodiadaily.com/news/company-digs-trench-around-familys-home-60031/

Cross at your own risk

Since he began making the perilous journey to Thailand to log rosewood 10 years ago, Sao Sophon* has had plenty of time to calculate the cost of dying. “When we cross the border to Thailand, our lives are equal to $80 or $90, because that is ...

May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/cross-your-own-risk

Rice industry caught in flux

The rice industry’s quest for greater quality at lower cost reached a dead end yesterday at a conference in Phnom Penh, with exporters and farmers polarised on how to achieve greater returns for the industry. The workshop, titled “Improving Rice Value Chain and Enhancing Farmers’ Livelihoods”, ...

Chan Muyhong
http://www.phnompenhpost.com/business/rice-industry-caught-flux

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