News

Camko City restarts after one-year hiatus

Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...

http://www.phnompenhpost.com/index.php/2012082858313/Business/camko-city-restarts-as-banking-scandals-drop.html

Provincial Governor Seeks Hun Sen's Forgiveness

Kampong Thom’s provincial governor wrote to Prime Minister Hun Sen last month to apologize and explain why district and fisheries officials were involved in clearing an area of protected flooded forest, according to a copy of his letter obtained yesterday. In the July 9 letter, written ...

Ocean Garment Workers Occupy Factory

About 2,000 workers at Ocean Garment factory continued their ongoing strike yesterday by staging a sit-in on the premises of the factory in support of five union leaders facing prosecution for their role in recent protests. Workers began the sit-in yesterday after rumors spread that ...

B Kak women hit streets again

Two months after their release from Prey Sar prison, members of the so-called Boeung Kak 13 were yesterday at the forefront of more calls for authorities to mark out land promised to their community. About 50 Boeung Kak women and children gathered outside to urge authorities to ...

http://www.phnompenhpost.com/index.php/2012082858318/National-news/boeung-kak-women-hit-streets-again.html

Construction of Dams Would Strain Land, Water

Cambodia would significantly strain its land and water resources if a projected series of large-scale hydro-power dams are built along the Mekong, according to projections released this week. Fish remains the primary source of protein and researchers [from the Australia National University in Canberra and World Wildlife Fund] ...

Land Rights Worry UN

A mission to examine political rights in Cambodia has been increasingly overshadowed by the Kingdom’s dire land rights situation, the 2012 report from Cambodia’s UN special rapporteur on the situation of human rights, published yesterday, shows. Cambodia’s rapporteur, Surya Subedi, conducted two fact-finding missions to Cambodia ...

http://www.phnompenhpost.com/index.php/2012082858327/National-news/human-cost-of-land-concessions-high-un-special-rapporteur.html

ASEAN needs more funding

ASEAN needs to seek more funds from development partners to develop infrastructure and connectivity in order to narrow the gap among member states, said Prime Minister Hun Sen yesterday at the opening ceremony of the 44th ASEAN Economic Ministers meeting. The Premier said strengthening the connectivity ...

http://www.phnompenhpost.com/index.php/2012082858311/Business/asean-needs-more-funding.html

More Effort Needed for Asean Unity, Hun Sen Says

Countries in the region need to move faster to reduce the economic gaps between Asean nations if they are to successfully integrate and establish the Asean Economic Community by 2015, Prime Minister Hun Sen said yesterday. Speaking at the 44th Asean Economic Ministers’ Meeting in Siem ...

Telecom Firms Say Mobitel Owes $1.5M in Connection Fees

Cambodia’s largest mobile phone company CamGSM Co. Ltd., which operates under the MobiTel brand name, has been accused by three other firms in the market of refusing to pay more than $1.5 million owed to them in interconnection fees. In a letter to Telecommunications Minister So Khun dated ...

Tougher disclosure rules for resources giants

US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...

http://www.phnompenhpost.com/index.php/2012082858310/Business/tougher-disclosure-rules-for-resources-giants.html

CAMBODIA: Strike continues at Gap supplier factory

A strike at the Ocean Garment factory in Phnom Penh, which supplies US retailer Gap, has entered its third week, despite a court ordering the 2,500 protestors to return to work. The unrest began on 11 August after six female employees accused their Bangladeshi manager of ...

http://www.just-style.com/news/strike-continues-at-gap-supplier-factory_id115380.aspx

Re-hired OFWs for HK, Brunei, Cambodia may use multiple exit clearances

Overseas Filipino workers in Hong Kong, Brunei and Cambodia who need to shuttle between these countries and the Philippines can now avail themselves of the multiple travel exit clearance (MTEC), according to the Philippine Overseas Employment Administration (POEA). The Memorandum Circular No. 7 issued by POEA ...

http://globalnation.inquirer.net/48394/re-hired-ofws-for-hk-brunei-cambodia-may-use-multiple-exit-clearances

Go Communications buys out Cambodian agency

Malaysia-based GO Communications Group has acquired 100 percent of a public relations agency in Cambodia as a part of its ambitious plan to control a leading PR network in Southeast Asia, chief executive officer Michael De Kretser said In terms of foreign direct investment in Cambodia, ...

http://www.nationmultimedia.com/business/Go-Communications-buys-out-Cambodian-agency-30189095.html

Cambodia-Vietnam trade nears $2 bn

Trade between Vietnam and Cambodia exceeded US$1.9 billion (Bt60 billion) in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday The news conference coincided with Thursday’s opening of a five-day trade fair promoting high-quality Vietnamese goods and the association’s ...

http://www.nationmultimedia.com/aec/Cambodia-Vietnam-trade-nears-$2-bn-30189110.html

PTT offers $960 mln to buy out Sakari to increase coal assets

Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...

http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827

Mekong dams put millions at risk of hunger

The economic, social and environmental consequences of the construction of dams on the Mekong River could be devastating.. ANU research suggests that millions of people are in danger of going hungry if the dams proceed. Replacing fish as a protein source with alternative food would use ...

http://theconversation.edu.au/mekong-dams-put-millions-at-risk-of-hunger-9087

MRF looks at captive rubber plantation to cut raw material cost

Tyre manufacturer MRF Ltd was looking at acquiring rubber estates to meet the company’s long-term raw material requirements and to bring down costs, a top official said. “We are scouting for acquisitions of estates abroad to meet long-term rubber needs,” said Koshy Varghese, executive vice-president, marketing, ...

http://smartinvestor.business-standard.com/market/Compnews-130592-Compnewsdet-MRF_looks_at_captive_rubber_plantation_to_cut_raw_material_cost.htm

ASEAN's newest look for cash

Younger Southeast Asian countries will look for a means of filling the financial gap between poorer mainland ASEAN members and more developed states this week during the 44th ASEAN Economic Ministers Meeting, which kicked off today. At the five-day meeting which Prime Minister Hun Sen was ...

http://www.phnompenhpost.com/index.php/2012082758284/Business/asean-ministers-seek-to-fill-financial-gaps.html

Rocket Internet blames poor tax compliance for pullout

Rocket Internet, the successful German-based internet copycat, says that despite its interest in Cambodia’s e-commerce market, tax issues in the Kingdom had forced it to “reposition” its projects. In July, the company launched an online retail site, saying it planned to invest millions in the country’s ...

Millions of lobsters released into Cambodian waters

In an attempt to replenish the nation’s shellfish stocks, the Fisheries Administration has released seven million young lobsters into Cambodian rivers and the Tonle Sap Lake this year, officials said. Cambodia harvests about 100 tons of wild lobsters annually, although the market demand is for about ...

Supplier of Gap in Spotlight

Workers striking at Ocean Garment factory say they still fear for their safety after being ordered back to work on Friday, where a manager accused of sexual harassment continues to work. More than 2,500 workers at the Phnom Penh factory – which supplies retail giant Gap ...

http://www.phnompenhpost.com/index.php/2012082758304/National-news/gap-supplier-in-spotlight-for-sexual-harrassment-allegations.html

Hey, waiter!

While tourism numbers in Cambodia are growing rapidly, visitors might increasingly have a hard time finding a restaurant to their liking since the country is experiencing a shortage of qualified personnel, especially waiters and chefs, accordingly to the Cambodia Restaurant Association. “The tourism industry needs at ...

PM gives pro-dolphin decree

Prime Minister Hun Sen on Friday approved a new sub-decree geared toward increased protection of the endangered Mekong river dolphin through a series of fishing and motorised transport restrictions in the Mekong river in Kratie and Stung Treng provinces. The Council of Minister’s sub-decree, obtained on ...

http://www.phnompenhpost.com/index.php/2012082758286/National-news/pm-hun-sen-gives-pro-dolphin-decree.html

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