Industries

Cambodia's insurance industry reports 20 pct growth in 9 months

Cambodia’s insurance industry recorded a total premium of 31 million U.S. dollars in the first nine months of the year, up 20 percent compared with the same period last year, figures showed Tuesday. It said during January-September period this year, the total amount of claims paid ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/12/c_132882328.htm

Mondulkiri elephant row continues

An Eco-tourism initiative in Mondulkiri province will remain open for daytime visits only for the time being, after authorities heard from officials at the Elephant Valley Project (EVP) and locals who complain the NGO siphons tourism money. EVP officials met with people who filed complaints with ...

Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/mondulkiri-elephant-row-continues

At Preah Vihear, tourists undeterred

Not even the imminent threat of war could quell tourists’ appetite for historical sites – at least at Cambodia’s Preah Vihear temple, which was the subject of a highly contentious ruling at the International Court of Justice yesterday. While government figures show that local tourism to ...

Stuart White and May Titthara
http://www.phnompenhpost.com/business/preah-vihear-tourists-undeterred

Law Aimed at Protecting Local Products Approved

The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...

Hul Reaksmey and George Styllis
http://www.cambodiadaily.com/news/law-aimed-at-protecting-local-products-approved-46855/

Preah Vihear temple: Disputed land Cambodian, court rules

Cambodia should have sovereignty over disputed land around the Preah Vihear temple on the border with Thailand, the UN’s highest court has ruled. The International Court of Justice in the Hague said Thailand must withdraw any soldiers from the area. Cambodia sought a clarification of the ...

BBC News Staff
http://www.bbc.co.uk/news/world-asia-24897805

Cambodia’s tourism soars

Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/cambodias-tourism-soars/

US Ambassador Advises More Labor Skills as Asean Integrates

US Ambassador William Todd on Thursday urged the Cambodian government to strengthen the skills of its laborers, in order to meet the needs of an integrated Asean in 2015. The 10 Southeast Asian countries that comprise Asean are all moving toward an integrated economic block, which ...

Kong Sothanarith
http://www.voacambodia.com/content/us-ambassador-advises-more-labor-skills-as-asean-integrates/1785729.html

Phnom Penh Port Says City Center Ban on Trucks Hurting Exports

The Phnom Penh Autonomous Port has requested that City Hall reduce the length of its daily ban forbidding container trucks from traveling on Phnom Penh roads between 5 a.m. and 9 p.m. because cargo is unable to reach the port, resulting in a decrease in ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-port-says-city-center-ban-on-trucks-hurting-exports-46759/

Eco-tourists made to leave

An eco-tourism initiative in Mondulkiri hit a snag this week when authorities asked management to vacate overnight guests while provincial officials determine whether the project is properly licensed to operate a guesthouse. Guests of the Elephant Valley Project (EVP), which is located in a Forestry Administration ...

Sean Teehan and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/eco-tourists-made-leave

Cambodia's garment export surges 24 pct in first 10 months

Garment industry, Cambodia’s largest income maker, reported a 24 percent rise in exports in the first ten months of 2013, according to figures of the country’s Ministry of Commerce Thursday. The figures showed that the country exported garment products in equivalent to 4.76 billion U.S. dollars ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/07/c_132867226.htm

‘Ban’ for three more unionists

Three more unionists have been suspended as a result of the violent strikes at a Kampong Speu garment factory in May and June, a Free Trade Union official said yesterday. Sabrina (Cambodia) Garment Manufacturing factory’s FTU president Sun Vanny, vice-president Sem Sopheak and general secretary Chi ...

Mom Kunthear and Sean Teehan, P.6
http://www.phnompenhpost.com

Don’t bet on elections

The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/don%E2%80%99t-bet-elections

World Bank Says Freeze on Lending Remains

After repeatedly equivocating about whether it has lifted a 2011 freeze on new lending to Cambodia in response to the government’s forced evictions of families in Phnom Penh, the World Bank has said that the suspension is still firmly in place. “The World Bank has not ...

Zsombor Peter
http://www.cambodiadaily.com/news/world-bank-says-freeze-on-lending-remains-46681/

Audi to cruise into local market

German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/audi-cruise-local-market

SL strike ‘bad’ for industry’s rep, says union

A labour union representing a minority of workers who have been striking at SL Garment Processing (Cambodia) Ltd for nearly three months released a statement yesterday, calling the strike bad for the industry’s reputation. Without specifically mentioning the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) ...

Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/sl-strike-%E2%80%98bad%E2%80%99-industry%E2%80%99s-rep-says-union

Clearing at tourist site ‘Confused’

Ratanakkiri’s deputy provincial governor called local authorities and community representatives last week to explain the alleged deforestation of eight hectars of preserved land around the Ou’Sinlair waterfall. Situated in Lumphat district, Ou’Sinlair is a popular eco-tourism destination in the province. But logging over the years has ...

Phak Seangly
http://www.phnompenhpost.com/national/waterfall-worries-clearing-tourist-site-%E2%80%98confused%E2%80%99

GL to buy Cambodian firm

SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...

Bangkok Post News Staff
http://www.bangkokpost.com/news/asia/378183/gl-to-buy-cambodian-firm

New hope for SL strike resolution

With union and company officials at one of Asia’s largest garment factories making no progress in resolving a strike that has lasted nearly three months, a pair of labour relation groups are working on an agreement that all sides hope will end the deadlock. officials from ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/new-hope-sl-strike-resolution

Sales of Korean energy drink explode in Cambodia

Cambodia last year accounted for 24 percent of the overseas sales of Bacchus, an energy drink marketed by South Korea’s Dong-A ST, Korea IT Times reported Monday.  “By the year’s end, the company expects it would sell 100 million cans of Bacchus, about eight cans per ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZWU4YTU1NzlhMTM

National Park Near Preah Vihear Temple To Be Closed

The national park near the ancient Khmer Hindu temple of Preah Vihear will be closed from Monday, eight days before the International Court of Justice (ICJ) issues its ruling on disputed land, located near the temple, contested by Thailand and Cambodia. The closure, which would ...

Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=990656

Fears SL strike could get ugly

Union officials fear violence that occurred at two separate rallies in front of the SL Garment Processing (Cambodia) Ltd factory last week will continue at one scheduled this morning. About 10 SL strikers were injured during demonstrations on Thursday and Friday, when uniformed and plain-clothes SL ...

Sean Teehan
http://www.phnompenhpost.com/national/fears-sl-strike-could-get-ugly

Cambodia sees slowdown in new business numbers in 9 months

The Cambodian Ministry of Commerce said Friday that it had granted operating licenses to 2, 223 new companies in the first nine months of 2013, down 14.6 percent compared with 2,606 new firms over the same period last year. From January to September this year, the ...

Global Times News Staff
http://www.globaltimes.cn/content/821915.shtml#.UnZHp_lgd8E

CAMBODIA: H&M calls for annual minimum wage review

The Cambodian government should construct an effective annual review system for the minimum wage to ease worker unrest, according to clothing retail giant H&M. The Swedish company’s comments came after CEO Karl-Johan Persson visited the country in mid-October, meeting Cambodia Prime Minister Hun Sen and other ...

Richard Woodard
http://www.just-style.com/news/hm-calls-for-annual-minimum-wage-review_id119576.aspx

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