The Phnom Penh Post

Pay protest amid fears owners skipped town

More than 600 workers from the capital’s Bodykids Fashion Wear factory protested on Friday and Saturday after management failed to pay them their February wages. ...

Sen David
http://www.phnompenhpost.com/national/pay-protest-amid-fears-owners-skipped-town

TB diagnoses lag: study

A lack of diagnostic equipment in Cambodia is causing cases of tuberculosis to be both over- and under-reported in children, a new study finds.   ...

Erin Handley
http://www.phnompenhpost.com/national/tb-diagnoses-lag-study

PM offers Myanmar a ‘win-win’

During the inauguration of a pagoda in Prey Veng on Friday, Prime Minister Hun Sen announced he will send several advisers to Myanmar to share lessons from his “Win-Win” policy, which he credits with ending Cambodia’s civil war. ...

Touch Sokha and Cristina Maza
http://www.phnompenhpost.com/national/pm-offers-myanmar-win-win

Sathapana Bank proceeds with logo change

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-proceeds-logo-change

KDIC digs in to recover local Korean assets

South Korea’s state-run deposit insurer opened its first overseas branch in Phnom Penh yesterday in a move to sell off the bank and property assets of Korean banks that went belly up in 2011. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kdic-digs-recover-local-korean-assets

Villagers affected by dam meet with government officials

Villagers from Stung Treng whose homes stand to be flooded by the Lower Sesan II dam met with representatives of the Ministry of Mines and Energy at an NGO Forum-sponsored meeting in Phnom Penh yesterday, in hopes of establishing a dialogue towards a long-awaited compromise. ...

Touch Sokha
http://www.phnompenhpost.com/national/villagers-affected-dam-meet-government-officials

BigPhone dials into local market

Mobile World Investment Corp (MWG) – one of the largest mobile phone and electronic products distribution chains in Vietnam – will open its first store in Cambodia, operating under the name BigPhone.com, according to Vietnamese state media. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bigphone-dials-local-market

Heavy trucks feel pinch

Transportation Ministry inspection stations last month seized 242 overloaded trucks, nearly 100 more than the month prior, and more than doubled the fines dished out to offending vehicle owners, according to a ministry report released on Tuesday. ...

Touch Sokha
http://www.phnompenhpost.com/national/heavy-trucks-feel-pinch

PPAP to pay out dividends

Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX). ...

Post Staff
http://www.phnompenhpost.com/business/ppap-pay-out-dividends

Luxury wood haul found, but no arrests

Mondulkiri provincial environment officials and National Military Police early yesterday morning confiscated a seemingly abandoned Toyota Land Cruiser loaded with more than 10 poles of luxury thnong timber in the Keo Seima Wildlife Sanctuary, though no arrests were made. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/luxury-wood-haul-found-no-arrests

Banteay Meanchey undergoes infrastructure boost

Banteay Meanchey province, nestled between the better known provinces of Siem Reap and Battambang, once suffered from a lack of business activity partly due to a long-running border dispute with Thailand. Recent indications, however, show the area is recovering some lost ground on the infrastructure ...

Vandy Muong
http://www.phnompenhpost.com/post-property/banteay-meanchey-undergoes-infrastructure-boost

China to donate new infectious disease lab

Cambodia and China inked a deal yesterday to build a new communicable disease control facility in the Kingdom for the country to expand its capacity to detect and respond to communicable disease outbreaks, such as Zika and Ebola, in a timely fashion. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/china-donate-new-infectious-disease-lab

Kampong Speu pond digging unearths 350kg bomb

The Cambodian Mine Action Centre yesterday retrieved and neutralised a massive M117 bomb from Kampong Speu province’s Prek Kmeng commune, and safely detonated four smaller bombs found in Preah Sihanouk province on the same day. ...

Khouth Sophak Chakrya and Ananth Baliga
http://www.phnompenhpost.com/national/kampong-speu-pond-digging-unearths-350kg-bomb

Moody’s maintains sovereign debt rating

Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...

Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating

Court plans to probe Mondulkiri logging claims

The Mondulkiri Provincial Court is preparing to investigate accusations that Cambodian border officials last month knowingly allowed seven Vietnamese loggers to illegally fell trees in the Keo Seima Wildlife Sanctuary, a court official said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/court-plans-probe-mondulkiri-logging-claims

Brokers trading without licences

The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...

Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences

Local startup is selected for fintech accelerator program

A Cambodian startup was selected to take part in Startupbootcamp’s three-month fintech accelerator program in Singapore, becoming the second firm from the Kingdom to join the international program in as many years. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-startup-selected-fintech-accelerator-program

Twelve parties register for commune election

Twelve parties had registered for the June commune elections as of Saturday evening – one day before the deadline – with a National Election Committee spokesman yesterday saying no further parties were believed added on the last day. ...

Lay Samean
http://www.phnompenhpost.com/national/twelve-parties-register-commune-election

Church underpins Cambodia-Vietnam ties

For decades, political and economic upheaval in Southeast Asia separated ethnic Vietnamese communities in the United States from those in Asia, as their lives followed radically divergent trajectories. ...

Cristina Maza
http://www.phnompenhpost.com/national/church-underpins-cambodia-vietnam-ties

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

Hitachi forms joint venture with CMED

Japan’s Hitachi Ltd has officially entered into a joint venture partnership with the local construction company CMED Group Co Ltd, aimed at expanding its sales, installation and maintenance services for elevators and escalators throughout the Kingdom, the company announced on Friday. ...

Post Staff
http://www.phnompenhpost.com/business/hitachi-forms-joint-venture-cmed

A few hurdles still block path to joining global value chains

The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...

Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains

BRED bank to carve out a niche in the market

Bred Banque Populaire – part of the second-largest banking group in France – officially launched operations in Cambodia yesterday after a ribbon-cutting ceremony at its headquarters, marking the first venture of a European bank in the Kingdom since the late 1990s. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bred-bank-carve-out-niche-market

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