News

Budget fears as TB figures fall

Health officials and workers are concerned about budget shortages for the treatment of tuberculosis in the Kingdom as new data reveals that prevalence of the disease has declined 37 percent from 2002, officials said yesterday. Mao Tan Eang, director of the National Centre for Tuberculosis and ...

http://www.phnompenhpost.com/index.php/2012020954402/National-news/budget-fears-as-tb-figures-fall.html

Living wage a ‘Human Right’

Panellists at the first “Permanent People’s Tribunal” on wages and conditions for Cambodian garment workers yesterday released their findings, declaring that a living wage for workers should be considered a “human right”. The hearing included two days of testimony by workers, labour experts and brand-name buyers. While ...

http://www.phnompenhpost.com/index.php/2012020954412/National-news/living-wage-a-human-right.html

Asia’s Newest Stock Market Is Risk to Investors, Sam Rainsy Says

Investors in Cambodia, tied with Yemen as the world’s 164th-cleanest country for doing business, face risks in a planned stock market because of ineffective financial and legal systems, the country’s exiled opposition leader said. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” ...

http://www.businessweek.com/news/2012-02-09/asia-s-newest-stock-market-is-risk-to-investors-sam-rainsy-says.html

Cambodia - Next Oil and Natural Gas Frontier?

U.S. and Japanese companies are interested in prospecting for oil and natural gas in Cambodia. According to Phai Siphan, state secretary and spokesman of the Council of Ministers Office, in the provinces of Preah Vihear, Siemreab, and Kampong Thom there are 17 oil blocs covering ...

http://oilprice.com/Energy/Energy-General/Cambodia-Next-Oil-and-Natural-Gas-Frontier.html

Gas prices at all-time high

Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...

http://www.phnompenhpost.com

Oil production delayed

The Kingdom’s much-hyped deadline of tapping its first oil reserves by December 12 2012, or 12-12-12, will not be met, a government spokesman said yesterday. Chevron Overseas Petroleum (Cambodia) Ltd, which is now exploring the Kingdom’s offshore Block A in the Gulf of Thailand, has notified ...

http://www.phnompenhpost.com

Thais ask Cambodia to curb cassava exports

Thai cassava farmers have asked Cambodia to stop exporting the commodity into Thailand in an attempt to keep prices high and avoid saturating the market, officials said yesterday. Sao Sarat, Pailin provincial cabinet chief, said that Thai government officials representing local cassava farmers met with Pailin ...

Working conditions report highlights faintings

Ninety-five percent of factories in the country are issuing too much overtime, while more than 60 percent of factories are too hot, according to a report released yesterday by the International Labour Organization’s (ILO) Better Factories program. Both the excessive overtime and the hot working conditions ...

Last of Boeng Kak land titles still weeks away

The last of the nearly 800 families from Phnom Penh’s Boeng Kak community who are in line for land titles will not receive their long-awaited ownership records for another “two or three weeks”, a city official said yesterday. The families were spared eviction at the hands ...

Furniture Business On The Rise

More people are buying furniture thanks to a growing construction sector and solid economic growth. Cambodia’s economy grew by 6.9 percent in 2011 and is expected to grow by 6.5 percent for the next two years, according to the Ministry of Economy and Finance. Meanwhile, the ...

http://www.etmcambodia.com/blog.php?article=197

Calls for re-evaluation of short-term workers

Almost 120,000 Cambodians who illegally crossed into neighbouring countries in search of work were repatriated during 2011, new figures from the Ministry of Interior have revealed, prompting a senior ministry official to call for a re-evaluation of how Cambodian workers are treated abroad. Chou Bun Eng, ...

http://www.phnompenhpost.com/index.php/2012013054217/National-news/calls-for-re-evaluation-of-short-term-workers.html

Shrimp firm in dispute with equity fund

Nautisco Seafood Manufacturing Inc, a Canadian-Cambodian shrimp producer in Preah Sihanouk province, has accused the private equity fund Leopard Capital, one of its shareholders, of draining the company of its finances. In a statement released Friday, Nautisco said that Phnom Penh Municipal Court had ordered the ...

US supports $2.7m in loans for agriculture

The US government is working with a Cambodian microfinance institution to finance $2.7million in loans to farmers and small- and medium-sized agro-businesses in Battambang, Kompong Thom, Pursat and Siem Reap provinces in order to improve their access to credit, the US Embassy said. USAid will work ...

Cambodia eyes Iranian oil imports

Deputy Prime Minister Sok An has told Iran’s ambassador to Cambodia that once an oil refinery in the country is operational, Cambodia would be able to import crude oil from Iran and export refined oil products to China, the Council of Ministers said on its ...

Kingdom's 2011 GDP hits 6.9%

Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...

http://www.phnompenhpost.com/index.php/2012012754182/Business/kingdoms-2011-gdp-hits-69.html

Dwindling water supplies put dry-season rice haul in danger

Dry-season rice farmers in some areas west of the Tonle Sap River and in eastern provinces are appealing to the government for help as the reservoirs they rely on for irrigation are drying up faster than usual, farmers and officials said yesterday. Officials at the ministries ...

http://www.phnompenhpost.com/index.php/2012012754188/National-news/dwindling-water-supplies-put-dry-season-rice-haul-in-danger.html

Free mother, protesters urge

More than 300 villagers from two districts in Kampong Speu province joined forces yesterday to protest in front of the provincial court over two land disputes, vowing to continue until authorities resolved them and released a mother of seven jailed last month after she had ...

http://www.phnompenhpost.com/index.php/2012012754191/National-news/free-mother-protesters-urge.html

Flood challenges still loom

The floodwaters may have receded, but their effects are far from over, with the government, NGOs and international donors saying yesterday they are still assessing the damage as they shift to long-term rehabilitation. Last November, Minister of Economy and Finance Keat Chhon said the government would ...

http://www.phnompenhpost.com/index.php/2012012754194/National-news/flood-challenges-still-loom.html

Factory for named brands slammed for faintings

Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...

Deforestation for Sesan River dam project ceases, for now

Workers who were seen last week clearing forestland in Stung Treng province in preparation for the construction of the 400-megawatt Lower Sesan 2 dam have stopped their work after receiving an order to do so by the district governor, officials said yesterday. Sesan district governor Bou ...

Villagers hand over seized illegal wood

Villagers in Kompong Thom province’s Sandan district said yesterday that they handed over 77 pieces of luxury wood, which they had seized from illegal loggers, to the Forestry Administration after they were threatened with arrest. Fed up with the perceived lack of government action against illegal ...

Land protests increasingly met with force, rights group says

Human rights group Licadho raised the alarm yesterday over the increased use of armed force by authorities as they seek to suppress protests over Cambodia’s numerous land disputes. It noted that during the past two months, security forces have opened fire on villagers during three ...

Food costs expose gap in country's production

Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...

http://www.phnompenhpost.com/index.php/2012012654150/Business/food-costs-expose-gap-in-countrys-production.html

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