The Phnom Penh Post

MFI Increases Loans as Economy Grows

As rising economic growth spurred demand for personal loans, Prasac, Cambodia’s biggest microfinance institution (MFI), provided $106 million in loans between March, 2012 and March, 2013, an increase of 66 per cent compared with the corresponding period a year earlier.  “Loans [were] mainly used for service ...

http://www.phnompenhpost.com/2013041965111/Business/mfi-increases-loans-as-economy-grows.html

Holdings draw veil over Mfone

When the owner of Kingsland garment factory fled the Kingdom last year, enough pressure was applied to its sourcing companies H&M and Walmart to persuade them through their intermediaries to compensate workers left jobless. Distance could no longer absolve them of responsibility. Just like the Kingsland ...

http://www.phnompenhpost.com/2013041865106/Business/holdings-draw-veil-over-mfone.html

Tax revenues increase by 22.9 per cent

The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...

http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html

New car sales back on track

New car sales noticeably increased in the first quarter of this year, a contrast to the year earlier period when sales dropped compared with the first quarter of 2011, officials said. Major car dealers in Cambodia said yesterday the jump is due to improvements in ...

http://www.phnompenhpost.com/2013041265053/Business/new-car-sales-back-on-track.html

Vendors: food prices rise before Khmer New Year

The price of meat will be higher during Khmer New Year, with prices rising between 2,000 riel and 3,000 riel ($0.50 and $0.75) per kilogram, according to vendors. Som Sreymom, a pork vendor at Kandal market, said the price of pork would hit as much as ...

http://www.phnompenhpost.com/2013041265052/Business/vendors-food-prices-rise-before-khmer-new-year.html

Fishermen feeling the heat

Rising water temperatures are affecting fisheries and marine life, said several representatives of Cambodia’s aquaculture industry, and the effect is decreasing seed production and lowering aquaculture farmers’ productivity. Say Sorn, president of aquaculture seed production in Siem Reap province, told the Post yesterday that water temperature ...

http://www.phnompenhpost.com/2013041165024/Business/fishermen-feeling-the-heat.html

Water investors criticise return

Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...

Hor Kimsay
http://www.phnompenhpost.com/2013041165029/Business/water-investors-criticise-return.html

Mfone employees seeking consistency

About 200 former Mfone employees gathered in front of the Thai embassy in Phnom Penh yesterday in protest over claims that Thaicom, the failed telco’s parent company, had paid Thai staff even though Cambodian staff were still owed compensation. Noun Sam Ath, a former sales executive, ...

http://www.phnompenhpost.com/2013041064982/Business/mfone-employees-seeking-consistency.html

Huawei withdraws injunction

Huawei Technologies (Cambodia) Co agreed yesterday to withdraw its injunction against Mfone in order to pave the way for a court-appointed administrator to sell the bankrupt company’s assets and compensate its many creditors. Along with other creditors, Huawei representatives expressed concerns that the assets would ...

http://www.phnompenhpost.com/2013040964953/Business/huawei-withdraws-injunction.html

Soldiers detain REDD forest patrol members

Community forest patrollers in Oddar Meanchey’s Samrong district say they were forced to return saws and timber they seized from illegal loggers after soldiers detained and threatened them on Sunday. The 27-member patrol, funded by development NGO Pact as part of the REDD+ carbon credit program, ...

http://www.phnompenhpost.com/2013040964964/National/soldiers-detain-redd-forest-patrol-members.html

Tourism not competitive

Cambodia ranks last in travel and tourism competitiveness among eight Southeast Asian countries, according to a recently published study by the World Economic Forum. The Travel and Tourism Competitiveness Report 2013, which excluded Laos and Myanmar, said Cambodia comes 106th out of 140 countries this year, ...

http://www.phnompenhpost.com/2013040964952/Business/tourism-not-competitive.html

Seoul visit as tensions mount

In the light of growing tensions between North and South Korea, officials from the Ministry of Labour will head to Seoul on Thursday for a weeklong visit to inform Cambodian workers on emergency evacuation procedures. An estimated 25,000 Cambodians, a figure that includes roughly 5,000 illegal ...

http://www.phnompenhpost.com/2013040964963/National/seoul-visit-as-tensions-mount.html

ខុម ហ្វ្រែល​ស្នើ​ឲ្យ​ជ្រើស​រើស​មន្ត្រី​បោះ​ឆ្នោត​ដោយ​បើក​ចំហ

ភ្នំពេញៈ តំណាង​គណបក្ស​នយោបាយ និង​អង្គការ​សង្គម​ស៊ីវិល​ បាន​ផ្តល់​អនុសាសន៍​ ដល់​គណៈ​កម្មាធិការ​ជាតិ​រៀបចំ​ការ​បោះឆ្នោត​(គជប) ឲ្យ​ជ្រើសរើស​តំណែង​សមាជិក​គណៈកម្មាធិការ​រាជធានី ខេត្ត​រៀបចំ​ការ​បោះឆ្នោត ឲ្យ​មាន​ការ​បើក​ចំហ។ ការ​ព្រួយបារម្ភ​ពី​នីតិវិធី នៃ​ការ​ជ្រើស​រើស​សមាជិក គណៈកម្មាធិការ​រាជធានី ខេត្ត រៀបចំ​ការ​បោះ​ឆ្នោត គឺ​ដោយ​សារ​មាន​សេចក្តី​ជូន​ដំណឹង របស់​គណៈកម្មាធិការ​ជាតិ​រៀបចំ​ការ​បោះ​ឆ្នោត​ ចុះ​ថ្ងៃទី ២០ មីនា​ថា ត្រូវ​ការ​ជ្រើស​រើស​បុគ្គលិក ជាប់​កិច្ច​សន្យា​ រយៈ​ពេល​ខ្លី​ចំនួន​ ៧៣៥​ នាក់​។ តំណែង​ប្រធាន​នៅ​គ្រប់​ខេត្ត មិន​មាន​ការ​ជ្រើសរើស​ឡើយ​ រីឯ​អនុ​ប្រធាន​ នៅ​ខេត្ត​មួយ​ចំនួន ក៏​មិន​មាន​ការ​ជ្រើសរើស​ដែរ។ ចំពោះ​ការ​ទទួល​ពាក្យ​ និង​ឈប់​ទទួល​ពាក្យ​ មាន​ត្រឹម​ ៥ ថ្ងៃ​ប៉ុណ្ណោះ គឺ​ពី​ថ្ងៃទី​៨ ដល់​ថ្ងៃទី ១២ មេសា​។ ...

ឆាយ ច័ន្ទនីដា
http://www.postkhmer.com/index.php/election-watch/96291-2013-04-09-02-10-39

Local palm oil exporter targets EU

Mong Reththy Group (MRG), Cambodia’s largest exporter of palm oil, hopes to expand its exports to European markets this year. Mong Reththy, president of the firm, said the quota-free and duty-free trade frameworks provided by European governments factored heavily into the decision. “About 50 per cent of ...

http://www.phnompenhpost.com/2013040964951/Business/local-palm-oil-exporter-targets-eu.html

Government tells telcos off

The Telecommunication Regulator of Cambodia (TRC) of the Ministry of Posts and Telecommunications issued warning letters to mobile operators Beeline and Smart over their recent advertisement, stating it violates the Inter-Ministerial Prakas, or edict, signed in 2009. The separate letters, obtained by the Post last week, ...

http://www.phnompenhpost.com/2013040864932/Business/government-tells-telcos-off.html

Joint visa with Laos not expected before 2015

A Lao government delegation visiting the Kingdom’s capital last week anticipates that a joint visa scheme that would allow entry to both countries on a single visa will take at least two to three years to implement. Manoxay Vilayhane, second secretary at the Lao embassy in ...

http://www.phnompenhpost.com/2013040864930/Business/joint-visa-with-laos-not-expected-before-2015.html

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