Pharmaceutical plant announces expansion

PharmaProduct Manufacturing, Cambodia’s self-described first pharmaceutical plant, announced last week plans to expand into other ASEAN markets once the ASEAN Com­mu­nity frame-work is adopted in 2015. According to its online materials, the producer of the painkiller KINAL – among other medicines – opened its doors in 1996, and has ...

http://www.phnompenhpost.com/index.php/2012091058607/National-news/cambodian-pharmaceutical-plant-announces-asean-expansion.html

Tide changes at Ocean as factory pays strikers

Ocean Garment, the Phnom Penh-based clothing manufacturer at the centre of sexual harassment claims and an illegal strike that lasted more than two weeks, has agreed to compensate more than 2,500 workers for wages lost during the protests, a move union advocates have highlighted as ...

http://www.phnompenhpost.com/index.php/2012091058601/National-news/rare-win-for-ocean-garment-strikers.html

Cambodia opening its doors to investment

With GDP growth averaging around 9% for the past decade, Cambodia is certainly attracting interest from potential investors. It has possibly the most investor-friendly environment in Asean with no exchange controls, no restrictions on repatriation of profit, and no discrimination between foreign and local investors. Moreover, ...

http://www.bangkokpost.com/business/economics/311715/cambodia-opening-its-doors-to-investment

New Mekong Port to Ease Overloaded Phnom Penh Terminal

With cargo traffic at the Phnom Penh Autonomus Port growing rapidly, a nearly completed container terminal just south of the city on the Mekon River should help ease the congestion. The 30-hectare port, in Kandal province’s Kein Svay district, was completed late last month, though cranes ...

Factory Suspends Operations After Complaints Over Fumes

British American Tobacco (Cambodia) Co. (BAT), which produces the cigarette brand ARA, suspended operations at its re-drying plant in Kandal province’s Takhmao commune yesterday, in order to allow time to redesign its air filtration system following repeated complaints about fumes that were allegedly spewing from ...

Garment Workers Continue Tax Deductions Protest

About 600 garment workers of the Top Form factory in Phnom Penh’s Russei Keo district continued protesting yesterday against new income tax deductions from their pay outside the factory after police blocked them from marching on National Road 5. Workers have been protesting since Friday against ...

Cellcard's COO Kay Lot resigns

One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned. The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago. Telecommunications industry insiders say the otherwise healthy and profitable ...

http://www.phnompenhpost.com/index.php/2012090758552/Business/cellcards-coo-kay-lot-resigns.html

Bra factory workers look to ministry for support

About 300 workers entered their sixth day of strikes yesterday at a bra factory in the capital, which manufactures lingerie supplied to Victoria’s Secret and Valentino, but their hopes of a quick resolution were dashed when a Ministry of Social Affairs official admitted he was ...

http://www.phnompenhpost.com/index.php/2012090758559/National-news/bra-factory-strikers-look-to-ministry-for-support.html

Putin sees boom in Asia-Pacific trade with Europe via Russia

Russian President Vladimir Putin says the Asia-Pacific region’s trade with Europe via Russia will surge by at least five-fold by 2020 as traditional sea routes become less competitive. His remarks came in a commentary published by the Wall Street Journal ahead of a summit of leaders ...

http://www.asianewsnet.net/home/news.php?id=36079&sec=2

Rice Production Increases as Country Moves Toward 2015 Export Goal

Economists and agriculture officials say Cambodia could export 1 million tons of milled rice by 2015, but that depends on improvements in the sector, along with some global factors out of the control of the country’s farmers and millers. Prime Minister Hun Sen has set the ...

http://www.voacambodia.com/content/rice-production-increases-as-country-moves-toward-2015-export-goal/1502343.html

Cambodia sees slight decrease in rice export in 7 months due to price competition

Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce’s Camcontrol Department on Thursday. However, the revenues ...

http://www.dap-news.com/en/index.php?option=com_content&view=article&id=9551:-cambodia-sees-slight-decrease-in-rice-export-in-7-months-due-to-price-competition&catid=1:local-news&Itemid=18

Backgrounder: Operating, negotiating FTA agreements with APEC economies

Member economies of the Asia-Pacific Economic Cooperation forum (APEC) are striving to forge a regional free trade facility to be known as FTAAP (Free Trade Area of Asia-Pacific) AFTA (ASEAN Free Trade Area) – signed in January of 1992, it covers all 10 ASEAN members of ...

http://www.dap-news.com/en/index.php?option=com_content&view=article&id=9548:-backgrounder-operating-negotiating-fta-agreements-with-apec-economies&catid=1:local-news&Itemid=18

India shows interest in cashew nut processing

India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy. Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for ...

http://www.phnompenhpost.com/index.php/2012090658526/Business/india-shows-interest-in-cashew-nuts-processing.html

Garment Workers Set Tires on Fire as Tax Protest Continues

About 600 garment factory workers continued their strike in Phnom Penh yesterday, setting car tires alight to protest what they said were unfair salary cuts but factory representatives and labor officials described as a normal tax on income. “The factory told us that they cut our ...

Insurance urged for CSX listings

The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...

http://www.phnompenhpost.com/index.php/2012090658524/Business/insurance-urged-for-csx-listings.html

ASEAN forum to tackle migrant worker safety

One of the biggest challenges to protecting Cambodian migrant workers is the sheer distance between their homeland and the countries they are working in, Ministry of Labour officials said yesterday. A pattern has emerged in which brokers lure more and more Cambodians away from traditional border-country ...

http://www.phnompenhpost.com/index.php/2012090558500/National-news/asean-forum-to-tackle-migrant-worker-safety.html

Ensure fairness, Kirk advises

Cambodia needs to ensure fair treatment of both domestic and foreign investors if it wants to attract more foreign investors, accordsing to US Trade Representative Ron Kirk. Kirk presented the idea during a press conference last week in Siem Reap durig the ASEAN-US Business Summit by ...

http://www.phnompenhpost.com/index.php/2012090558496/Business/ensure-fairness-kirk-advises.html

Emerging Mining Sector to Be Subject to Grassroots Scrutiny

As mining companies continue to scour Cambodia for minerals, work is also under way to build a network of local monitors and activists to shed light on the country’s often-opaque mining sector and its practices. {T]he Ministry of Industry, Mines and Energy has granted an unknown ...

Needs compared with the UK

Cambodia’s needs and how they overlap with the UK’s strengths are an important issue in trade and investment relations between the two countries, according to British Ambassador Mark Gooding during a presentation to the Cambodian Chamber of Commerce (CCC) yesterday. Bilateral trade is mainly driven by ...

http://www.phnompenhpost.com/index.php/2012090458466/Business/uk-to-diversify-trade-ambassador.html

China Gives $523M, Thanks Cambodia for Asean Help

Prime Minister Hun Sen returned home yesterday from a quick trip to Beijing with the promise of some $523 million in new loans and grants, one day after Chinese Prime Minister Wen Jabao praised Cambodia for helping China maintain “friendly relations” with Asean. Speaking with ...

Bourse May Have 7 Trading Sessions Daily

Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...

China gives Cambodia aid and thanks for ASEAN help

China has pledged more than $500 million in soft loans and grants to Cambodia and Prime Minister Wen Jiabao thanked it for helping Beijing maintain good relations with the regional grouping ASEAN, a Cambodian junior minister said. A summit of the 10 members of the Association ...

http://www.reuters.com/article/2012/09/04/cambodia-china-idUSL4E8K41I320120904

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