News

Ninth Master Suki Soup opens in Phnom Penh

The family hotpot-style restaurant Master Suki Soup has opened its ninth restaurant in Cambodia, on Sothearos Boulevard adjacent to Hun Sen Park, with the newly relocated German Fresh Beer brew pub and German menu upstairs. The soft opening took place on Thursday night as Master Suki ...

http://www.phnompenhpost.com/index.php/2012070957286/Business/ninth-master-suki-soup-in-pp.html

Homing in on the IPO price

From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public Offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...

http://www.etmcambodia.com/search.php?s=The+Week+at+the+CSX&submit=Search

As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed

It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...

http://www.etmcambodia.com/blog.php?article=502

Cambodia Needs To Develop Qualified Tourism Skills, Private Sector Said

Mr. Luu Meng, president of hotel association in Cambodia said this week that Cambodia needs to develop tourism skills to compete with other countries in the ASEAN region as the kingdom has more opportunity to attract foreign visitors. “Our skills of hospitality are limited in the ...

http://thesoutheastasiaweekly.com/

Police Seize Excavators Used to Dig Reservoirs

A further nine excavators used in the creation of illegal reservoirs have been seized by military police in Kompong Thom province’s Stong district, bringing the total number of machines confiscated this week to 38, police said Thursday. Twenty-nine excavators were seized during raids around the Tonle ...

Volunteering to Tackle the Intractable Issue of Land

Veun sai district, Ratanakkiri – Kitted out in their camouflage uniforms, military boots, belts and Ministry of Land Management baseball caps, the dozen or so student volunteers looked like a stern bunch. There was no smiling as they sat at wooden desks in an open pagoda ...

Drought hits rice fields in northern Cambodia

Two consecutive months of drought have severely damaged thousands of hectares of rice fields in Krokor district and neighboring areas in Pursat province. ...

http://www.etmcambodia.com/news.php?id=164

United Kingdom's Prudential Company invests life insurance in Cambodia

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

http://thesoutheastasiaweekly.com/

Electricity Prices to Rise For Thousands of Homes

The state-owned energy supplier Electricite du Cambodge (EdC) will increase the price of electricity in September for tens of thousands of homes in Phnom Penh and three other provinces due to a hike in the cost of energy being supplied by Vietnam, officials said yesterday. Ty ...

Cambodian goods to be certified

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...

http://www.phnompenhpost.com/index.php/2012070657245/Business/cambodian-goods-to-be-certified.html

Clash thwarts union’s march

Police clashed with strikers as thousands of garment workers from factories that sell to Levi’s and Gap were blocked as they marched from Kandal province towards the capital yesterday, union representatives said. The 4,000-strong group’s march, as threatened by Cambodian Confederation of Trade Unions president Rong ...

http://www.phnompenhpost.com/index.php/2012070657253/National-news/clash-thwarts-unions-march.html

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html

Rice husk power plant deal signed

Cambodia’s Soma Group yesterday signed a US$3-million deal with Indian company Ankur Scientific, the largest biomass-to-energy company in India, to construct a 1.5-megawatt rice husk power plant in Kampong Cham province. ...

http://www.etmcambodia.com/blog.php?article=503

Remittance Contributes Social And Economic Development

Cambodia, as one of the least developed countries and one of the poorest in the Greater Mekong Subregion, is an active participant in migration within the country, within the region and between the subregion and other regions. According to National Institute of Statistics in 2008, 26.52 percent of the Cambodian population ...

http://thesoutheastasiaweekly.com/

Migrant abuse claims skyrocket five fold

Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...

http://www.phnompenhpost.com/index.php/2012070657258/National-news/migrant-abuse-claims-mount.html

Long-Running Protest Still Without Resolution

About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...

Government to cut power subsidies

The government will drop subsidies for high electricity use, after the Electricity Authority of Cambodia (EAC) reported losses of US$3 million between January and May this year. Households consuming more than 200 KW/h per month will no longer receive a 100 to 200 riel per KW/h ...

http://www.phnompenhpost.com/index.php/2012070657247/Business/govt-to-cut-power-subsidies.html

Factory Owners Agree to Provide More Benefits

Garment factory owners have agreed to provide workers with an additional $9 in monthly benefits for transportation, housing and attendance in order to reduce growing protests in the sector, Garment Manufacturers Association of Cambodia (GMAC) officials said yesterday. “We will provide $3 in attendance bonuses and ...

Unions reject bonus bargain

Union leaders yesterday rejected a proposal from Cambodian garment makers to provide US$9 a month for a worker’s housing and transport fees, demanding an additional $1. The benefits were announced last week after unions said they would lead a large-scale protest ...

http://www.phnompenhpost.com/index.php/2012070657244/Business/unions-reject-bonus-bargain.html

Cambodia, Vietnam Seek Stop to Xayabari Dam Construction

Cambodia and Vietnam will send a letter signed by the prime ministers of both countries to demand that Laos and Thailand halt the construction of a dam on the mainstream Mekong River in Laos, an official from the Cambodian National Mekong Committee said yesterday. The decision ...

Not all economic land concessions listed

The Ministry of Agriculture, Forestry and Fisheries’ latest list of economic land concessions reveals some peculiar discrepancies with known records of ELCs. Some that have recently been granted are missing, while others known to have been cancelled remain. The June 8 MAFF list makes no mention ...

http://www.phnompenhpost.com/index.php/2012070557236/National-news/not-all-elc-listed.html

Rice exports facing challenges

Pou Puy, president of the Cambodian Rice Millers Association, said that the export of Cambodia’s white rice faces challenges in terms of both quantity and competitive pricing, as exports of milled rice dropped about 35 per cent for the first half of 2012 compared to ...

http://www.phnompenhpost.com/index.php/2012070557221/Business/rice-exports-facing-challenges-quality-and-competition.html

Emaxx, Excell deal long dead

The collapse of Digital Star Media’s acquisition of mobile operator Excell emerged yesterday, nearly a year after the firms announced the potential buy-out. Digital Star Media, branded under the name Emaxx, announced in late July last year it was in talks to buy GT-TELL’s Excell. The ...

http://www.phnompenhpost.com/index.php/2012070557224/Business/emaxx-excell-deal-long-dead.html

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