Economy and commerce
Trade
Companies aim to be socially minded
Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...
Rain delays Kampot port construction
Construction of the US$100 million Kampot sea port had been further delayed by rain, materials not being available and incomplete preparations, a local investor revealed yesterday. Vinh Huor, president of the Kampot Special Economic Zone, (KSEZ) said of the delay: “We are preparing to be better, ...
Rubber up $100 a tonne in a week
The price of rubber jumped to $2,500 per tonne last week after months of the commodity steadily dropping, industry analysts reported. The jump of $100 a tonne, or 4.2 per cent, comes after the price for rubber dropped in June from above $3,000 per tonne, according ...
http://www.phnompenhpost.com/index.php/2012092558889/Business/rubber-up-100-a-tonne-in-a-week.html
Police Say RCAF Trying to Bury Fatal Crash With Cash
Military officials are attempting to squelch a potential lawsuit from relatives of three people killed Friday when Royal Cambodian Armed Forces (RCAF) soldiers smuggling wood through Siem Reap province drove a military truck, donated by the U.S. government, into the family’s motorbike, police officials said. ...
Cambodian king visits Vietnam to cement bilateral ties
Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...
http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm
Future of E-Business linked to skills
The future of e-business in Cambodia depends on gaining better skills, a group of students heard yesterday at the University of Puthisastra. In a panel discussion on the future of e-business as part of BarCamp Phnom Penh, T.O. Software president Heng Chamroeun offered advice to the ...
Malaysia - Cambodia trade increases
More than 24,000 Cambodians visited Malaysia during the first half of 2012, while Malaysian arrivals to Cambodia numbered 54,000, an increase of 11.1 per cent compared with the same period in 2011. Ambassador Hussein’s remarks came during the the first three-day Malaysia Travel and Shopping ...
http://www.phnompenhpost.com/index.php/2012092458862/Business/malaysia-cambodia-trade-increases.html
Army Truck Carrying Illegal Timber Kills Family
A family of three, including an 18-year old girl, died when the driver of a military truck carrying illegally cut wood slammed into their motorbike in Siem Reap province, officials said yesterday. The family died at the scene while the occupants of the military truck, seen ...
Record Bad Medicine Haul
Police seized more than two tonnes of dangerous counterfeit medication on Saturday and arrested a Phnom Penh pharmacy owner in a sting officials say has netted the largest-ever haul of illegal medication in Cambodia. After nine days of surveillance, the Ministry of Interior’s Economic Police unit swooped ...
Protesters Stage EU faint-ins
In a year in which more than a thousand Cambodian garment factory workers have fainted on the job, activists across Europe are demonstrating for higher wages and better working conditions in the Kingdom’s factories. Throughout the past week, demonstrators mimicked faintings by collapsing on the floors ...
Thailand's Khon Kaen sees double-digit revenue growth next year
Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...
http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924
Fair facilitates economic ties with Cambodia
A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...
http://vietnamnews.vnagency.com.vn/Economy/230445/fair-facilitates-economic-ties-with-cambodia.html
CP Group plans more investment in Indochina
Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from ...
http://www.nationmultimedia.com/business/CP-Group-plans-more-investment-in-Indochina--30190834.html
Phnom Penh sees rise in shipments in 2012
Container traffic through the Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year compared to the sme period last year, according to port figures. In the January through August period, the port received 57,000 twenty-foot-equivalent units, or TEUs, up ...
Union boss adds another strike to plate
With a court date hanging over his head for his involvement in the Tai Yang factories strike in Kandal province, Cambodian Confederation of Unions president Rong Chhun yesterday intervened in another garment dispute, this time in Kampong Speu province. About 1,000 workers entered day five of ...
China ASEN Expo starts on Friday
Minister of Commerce Cham Prasidh and 100 Cambodian companies are set to represent the Kingdom at the 9th China-ASEAN Expo in Nanning, China, which starts tomorrow, according to officials. The expo will include representatives from all 10 ASEAN countries and China itself. Cambodian officials will seek ...
Thousands of Families Evacuated Due to Floods
More than 3,100 families have now been evacuated from their homes as flooding spreads in Banteay Meanchey province, the deputy head of the National Committee for Disaster Managment (NCDM) said yesterday. About 3,000 of those families have been evacuated from Poipet City alone, and another 148 ...
Vietnamese Arrested With Illegal Wood Off Coast
Four Vietnamese nationals were arrested off the coast of Preah Sihanouk province Tuesday for allegedly smuggling illegally cut wood from the neighboring province of Koh Kong, officials said yesterday. Sak Sovann, crime unit chief for the Interior Ministry’s maritime border police department, said the four men ...
Experts say ASEAN connectivity needs private sector involvemnt
While the planned launch of the ASEAN Economic Community is fast approaching, establishing good connectivity between member states to ensure a free flow of goods and services is a real challenge and needs more involvement from the private sector. That was the message delivered by Cambodian Foreign ...
Prey Long Forest Patrol Ends With Huge Illegal Wood Haul
The Prey Long People’s Network yesterday said it found 121 cubic meters of cut wood and seven chainsaws belonging to illegal loggers after a coordinated patrol across four provinces that was prematurely aborted due to heavy rains. In a statement, the community group said it discovered ...
Bad weather affects border trade, seafood prices
Thailand’s border trade at Chanthaburi has dropped by half due to the heavy rain in many eastern provinces, while erratic changes of weather in the southern provinces has caused the increased price of seafood. Thai-Cambodian Business and Tourism Association vice chairman Sombat Juengtrakul said that ...
http://www.pattayamail.com/business/bad-weather-affects-border-trade-seafood-prices-16869
Journalist and forestry officer released in deal
A local journalist and a forestry officer who were arrested by military police forces in Kratie province last week for beating a man and firing a gun into the air were released on Monday as part of a compromise between the victim and his attackers. Srey ...
Court to Summon Witnesses in Journalist's Killing
The Ratanakkiri Provincial Court will soon summon a number of people for questioning in its investigation into the brutal murder of journalist Hang Serei Odom earlier this month, a court official said yesterday. Former military police Captain An Bunheng and his wife, Sim Vy, were ...
Tobacco lost to smuggling, survey shows
Government data show that significant amounts of tobacco are being smuggled out of the country each year, health and economics experts said yesterday. A national tobacco survey from 2011, the exact numbers of which remain confidential, shows that more tobacco is produced in Cambodia than is ...