The Phnom Penh Post

Starbucks enters mix at Aeon mall

The American coffee franchise giant Starbucks opened its second outlet in Cambodia at Aeon Mall yesterday. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/starbucks-enters-mix-aeon-mall

New firm seeks to enter gold trading

Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...

Cheng Sokhorng and Kali Kotoski
http://www.phnompenhpost.com/business/new-firm-seeks-enter-gold-trading

Police charge major with dealing meth in Battambang

A Ministry of Defence staffer with the rank of major was arrested on Tuesday, allegedly while dealing drugs in Battambang’s Kamrieng district. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/police-charge-major-dealing-meth-battambang

Angkormilk factory launched

Cambodia’s first milk manufacturing plant, which aims to dominate the domestic dairy market, officially launched production operations yesterday after a ribbon-cutting ceremony held at the factory’s home in Phnom Penh SEZ. ...

Kali Kotoski
http://www.phnompenhpost.com/business/angkormilk-factory-launched

Sathapana Bank gets $35 million from Taiwan lenders

Facilitated by Taiwan’s First Commercial Bank, seven foreign banks provided $35 million in a syndicated loan to Sathapana Bank Plc, a newly formed Cambodian commercial bank, to expand its existing microfinance operations and broaden its commercial lending portfolio. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/sathapana-bank-gets-35-million-taiwan-lenders

New water pumping station is ‘70% done’

Workers are labouring day and night to build a new pumping station at the Boeung Trabek reservoir to relieve the capital’s flood risk ahead of the rainy season, city authorities said yesterday.   ...

Sen David
http://www.phnompenhpost.com/national/new-water-pumping-station-70-done

Sand dredging licences secretly soaring

Despite the government’s vow to be more transparent with regulations and the issuing of sand-dredging licences, the Ministry of Mines and Energy (MME) has granted nearly 70 new such licences without holding public auctions or requiring companies to disclose environmental impact assessments (EIA) results to ...

Ayanna Runcie
http://www.phnompenhpost.com/business/sand-dredging-licences-secretly-soaring

Ministry findings hint at illegal gold mining in Ratanakkiri

An investigating team from the Ministry of Mines and Energy has concluded that evidence at Chhay Ching Heang Group’s operations in Ratanakkiri province seemingly points to illegal gold mining, though lab results from minerals extracted by the company are still pending, according to a ministry ...

Yesenia Amaro
http://www.phnompenhpost.com/national/ministry-findings-hint-illegal-gold-mining-ratanakkiri

Health department to probe newborn’s death

The Phnom Penh health department has announced an investigation into the death of a newborn who allegedly choked while being fed by staff at the privately owned VIP Sorphea Maternity Hospital.   ...

Kong Meta
http://www.phnompenhpost.com/national/health-department-probe-newborns-death

Sihanoukville is top choice for Russia flight plan

Regularly scheduled direct flights between Cambodia and Russia proposed by Prime Minister Hun Sen last week in Moscow might land in the coastal town of Sihanoukville, an official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/sihanoukville-top-choice-russia-flight-plan

Russian crude oil imports not on refinery’s wishlist

Russia is looking to expand its crude oil exports to ASEAN countries – including Cambodia – despite the Kingdom being years away from having refinery capabilities. ...

Kali Kotoski
http://www.phnompenhpost.com/business/russian-crude-oil-imports-not-refinerys-wishlist

Round of capitol bus negotiations fruitless

Negotiations between former drivers of the Capitol Bus Company and their ex-employer, mediated by Prampi Makara district authorities, yielded no settlement yesterday, although both parties agreed to continue talks.   ...

Pech Sotheary
http://www.phnompenhpost.com/national/round-capitol-bus-negotiations-fruitless

Vietnam to host annual trade fair in October

Vietnam will host its seventh annual trade fair in Cambodia during the second week of October of this year, the Department of Economics in the Vietnam Ministry of National Defense (MOD) announced in Ho Chi Minh City last week.   ...

Post Staff
http://www.phnompenhpost.com/business/vietnam-host-annual-trade-fair-october

Dangkor security guards strike for better conditions

Fifty Dangkor district security guards removed their uniforms in front of the district hall yesterday morning in protest for better pay and conditions.   ...

Niem Chheng
http://www.phnompenhpost.com/national/dangkor-security-guards-strike-better-conditions

Labour rights issues ‘industry-wide’: H&M

Swedish apparel giant H&M yesterday responded to a new report that alleged labour rights abuses in its Cambodian supplier factories by saying such issues plagued the entire industry and were difficult for any one company to fix.   ...

Yesenia Amaro
http://www.phnompenhpost.com/national/labour-rights-issues-industry-wide-hm

Police put an end to gathering of farmers in Prey Veng

Police who shut down a gathering of 30 people in a private home in Prey Veng province yesterday justified the action by saying the organisers had failed to notify the district governor in writing beforehand. ...

Niem Chheng
http://www.phnompenhpost.com/national/police-put-end-gathering-farmers-prey-veng

World Bank to re-engage after five-year absence

The World Bank has approved $130 million in developmental aid aimed at reducing poverty in Cambodia, signalling its first direct re-engagement with the Kingdom since it left in protest in 2011 after one of the largest forceful evictions led by the government displaced more than ...

Kali Kotoski
http://www.phnompenhpost.com/national/world-bank-re-engage-after-five-year-absence

NEC seeks regular meetings to dispel bias suspicions

Cambodia’s election body has called for regular meetings with political parties, journalists and civil society organisations (CSOs) in a bid to stave off suspicions of bias as two of its non-CPP aligned officials face prosecution. ...

Bun Sengkong and Erin Handley
http://www.phnompenhpost.com/national/nec-seeks-regular-meetings-dispel-bias-suspicions

H&M's suppliers guilty of labour rights abuses, report alleges

A new report has alleged labour rights abuses at Cambodian supplier factories for apparel giant H&M, as more than 500 garment workers gathered in Phnom Penh yesterday to air some of the same concerns over working conditions during a workers’ forum.   ...

Sen David and Yesenia Amaro
http://www.phnompenhpost.com/national/hms-suppliers-guilty-labour-rights-abuses-report-alleges

Disaster response on agenda at ASEAN meet

Defence Minister Tea Banh will lead a delegation of about 10 other senior military officials to Vientiane, Laos, to attend the ASEAN Defence Ministers Meeting from May 24 to 27, which will focus on regional cooperation in defence technology and natural-disaster response. ...

Vong Sokheng
http://www.phnompenhpost.com/national/disaster-response-agenda-asean-meet

New EIA rules for mining

The Ministry of Mines and Energy signed joint prakas with the Ministry of Environment to simplifying the environmental impact assessment (EIA) requirements for artisanal and small-scale mining practices.   ...

Kali Kotoski
http://www.phnompenhpost.com/business/new-eia-rules-mining

Bilateral trade with Thailand declines

Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

Russia and Cambodia look to increase investment

Cambodia and Russia have officially inked agreements to promote bilateral trade and investment until 2020, although concrete details about how that will be accomplished have yet to be released. ...

Kali Kotoski
http://www.phnompenhpost.com/business/russia-and-cambodia-look-increase-investment

‘Angkor Malis’ brand name yet to satisfy

With the Cambodian Rice Federation (CRF) ready to adopt “Angkor Malis” in June as the official brand name for the Kingdom’s premium varieties of jasmine rice, exporters said that inconsistent English to Khmer translations need to be corrected. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/angkor-malis-brand-name-yet-satisfy

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