News

NGOs Call for Asean Rights Document Delay

With less than two weeks until Asean leaders meet in Phnom Penh to consider approval of the region’s first human rights declaration, international NGOs yesterday urged them to postpone passing what they are calling a “deeply flawed” document.  “In the current form, the [Asean Human Rights] ...

http://www.cambodiadaily.com

Last Tai Yang Strikers Hoping for Resolution

Workers who were left stranded after protests at three Tai Yang Enterprises garment factories dragged on for months earlier this year were waiting for a long awaited resolution when they attended the arbitration yesterday. The 53 employees of the Kandal provincial factory, which supplies Levi’s and ...

http://www.phnompenhpost.com/index.php/2012110659590/National-news/tai-yang-strikers-hope-for-a-resolution.html

Phnom Penh Port Cargo Up 15 Percent on Last Year

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 14.92 percent over the first 10 months of the year compared to the same period in 2011, a port official said yesterday. “We are seeing that the major imports are construction equipment ...

http://www.cambodiadaily.com

Hedging China risks, Japan firms turn to booming SE Asia

Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian Economic Minnow’s exports into a tailspin and dried up investment interest. Now, ...

http://www.moneycontrol.com/news/world-news/hedging-china-risks-japan-firms-turn-to-booming-se-asia_778038.html

Microfinance deal applauded

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

http://www.phnompenhpost.com/index.php/2012110659588/Business/the-national-bank-of-cambodia-hails-a-top-local-firm.html

National Election Committee Dismisses Criticism of Reform

At the ceremony yesterday making the official start of the National Election Committee’s new mandate, NEC chairman Im Suosdey criticized the U.N. human rights envoy to Cambodia for taking an exceedingly harsh view of the country’s much derided electoral system. In a July report to the ...

http://www.cambodiadaily.com

Special report: Banking

With the recent announcement that two Taiwanese banks plan to open branches in Cambodia, the number of commercial banks in the country will swell to 34 and may even go higher as foreign businesses seriously consider Cambodia an alternative to more costly countries such as ...

http://www.etmcambodia.com/viewarticles.php?articlesid=253#

Executive hopes to help open mattress plant in Cambodia

A mission trip to Cambodia earlier this year opened Roger Pickett’s eyes to the need to boost the Cambodian home furnishings industry. Now Pickett, president of MurMaid Mattress here, is hoping to help a nonprofit group open a mattress factory in that country and give Cambodians ...

http://www.furnituretoday.com/article/557136-Executive_hopes_to_help_open_mattress_plant_in_Cambodia.php

Cambodia: Mineral, Metal and Fuel Resources

Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...

http://www.azomining.com/Article.aspx?ArticleID=216

Laos approves Xayaburi 'mega' dam on Mekong

Laos has given the go-ahead to build a massive dam on the lower Mekong river, despite opposition from neighbouring countries and environmentalists. A formal ceremony marking the start of full construction at Xayaburi would be held on Wednesday, the government said. ...

http://www.bbc.co.uk/news/world-asia-20203072

Cop nabbed in timber bust

The Anti-Corruption Unit has arrested a military police officer accused of involvement in an illegal luxury timber racket in Pursat province’s Krakor district – an area where government investigators conceded that complicity by the powerful was rife. On Saturday, the anti-graft agency arrested military police officer ...

http://www.phnompenhpost.com/index.php/2012110559576/National-news/cop-nabbed-in-timber-bust.html

CAMBODIA: INTERNATIONAL ARRIVALS INCREASED BY 24%

A report from the Tourism Ministry in Cambodia recently informed that the country witnessed a huge inflow of 2.57 million tourists in the period between January and September of this year. This is an increase of 24 percent in comparison to the same period in ...

http://www.tourism-review.com/cambodia-international-arrivals-increased-by-24--news3456

Ministry on trail of the apple snail

The Ministry of Agriculture, Forestry and Fisheries, along with Prey Veng provincial agriculture experts and villagers in Svay Ourntor district, are taking measures to eradicate golden apple snails, which feed on rice seedlings, agriculture officials said. According to Prey Veng agriculture chief Ouk Samnang, only a ...

http://www.phnompenhpost.com/index.php/2012110559567/National-news/ministry-on-trail-of-the-apple-snail.html

Job fair attracts a big crowd

Officials confirmed there were more than 20,000 participants at the job fair on Saturday organised by the National Employment Agency of the Ministry of Labour and Vocational Training, which was held in an effort to educate job seekers about current opportunities. Sokkhon David, acting director of information ...

http://www.phnompenhpost.com/index.php/2012110559560/Business/job-fair-attracts-a-big-crowd.html

Dam Firm Told to Build Homes for Affected Communities

Prime Minister Hun Sen has said that the company responsible for building the Lower Sesan 2 dam in Stung Treng province will be in charge of constructing homes for thousands of villagers that will be displaced according to a statement Friday by the Council of ...

http://www.cambodiadaily.com

Cambodia's Mfone ordered to repay $3.7M debt

Norway-based Eltek Valere has won a court injunction against Mfone, the Cambodian mobile subsidiary of SET-listed satellite operator Thaicom, for its failure to pay outstanding service charges. According to The Bangkok Post on Monday, citing court documents, the Phnom Penh Municipal Court ruled in favor of ...

http://www.zdnet.com/cambodias-mfone-ordered-to-repay-3-7m-debt-7000006879/

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