The Phnom Penh Post

Fertilizer factory won’t hire non-CPP members, workers claim

Workers applying for jobs at a fertilizer factory in Kandal province claim they were passed over in favour of applicants who were members of the Cambodian People’s Party (CPP). Prey Treng II village chief Hang Suon and two job applicants told the Post yesterday that Five ...

http://www.phnompenhpost.com/index.php/2012120460074/National-news/fertilizer-factory-wont-hire-non-cpp-members-workers-claim.html

New life insurance product launched

Cambodia’s nascent life insurance market grew slightly after Manulife Cambodia launched the Manulife Savings Protector yesterday. Combining savings and protection, it will provide life protection for 10 or 15 years to create an estate for relatives in case of untimely death and offer benefits from ...

http://www.phnompenhpost.com/index.php/2012120460069/Business/new-life-insurance-product-launched.html

Renewed MAI flights touch down in Cambodia

Myanmar Airways International (MAI) has resumed flights between Yangon and Phnom Penh after a four-month suspension due to low demand. The MAI flight landed at Phnom Penh International Airport at 7:15pm on Saturday. MAI country manager Ye Jhan  told a press conference to cover the flight’s arrival ...

http://www.phnompenhpost.com/index.php/2012120360047/Business/renewed-mai-flights-touch-down-in-cambodia.html

Airports of Thailand eyes Cambodia, Laos

Airports of Thailand (AOT) regards possible co-operation with Myanmar’s Airport Authority as a first step for engaging in airport operations and investment in Laos and Cambodia, the Bangkok Post reported AOT’s acting president, Somchai Sawas-deepon, as saying. ...

http://www.phnompenhpost.com/index.php/2012113060017/Business/airports-of-thailand-eyes-cambodia-laos.html

Villagers in Kampong Chhnang win land back

Prime Minister Hun Sen has reclassified 4,158 hectares of a massive land concession owned by the wife of Senator Lao Meng Khin from his own party for displaced families in Kampong Chhnang province. A jubilant representative of the 4,506 families who have long battled against ...

http://www.phnompenhpost.com/index.php/2012113060025/National-news/villagers-win-back-land.html

Three satellite city projects underway

Three projects of the six satellite cities around Phnom Penh that were originally approved by the government have been “significantly” developed, according to officials of the Ministry of Land Management, Urban Planning and Construction. Lao Tepseiha, deputy director of the construction department of the Ministry ...

http://www.phnompenhpost.com/index.php/Real-Estate/three-satellite-city-projects-underway.html

Latex exports rise, revenues fall

Cambodia’s total rubber latex exports rose by 12 per cent in the first nine months of this year, according to new figures. However, revenues from the exports saw a dramatic 27 per cent decrease due to a fall in rubber prices in the international market, ...

http://www.phnompenhpost.com/index.php/2012112959998/Business/latex-exports-rise-revenues-fall.html

CPI: cost of living falls slightly

The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable US dollar exchange rate, according to official data released by the National Institute of Statistics ...

http://www.phnompenhpost.com/index.php/2012112359895/Business/cpi-cost-of-living-falls-slightly.html

Microfinance institution Sathapana increases maximum loan limit

Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...

http://www.phnompenhpost.com/index.php/2012112359894/Business/microfinance-institution-sathapana-increases-maximum-loan-limit.html

Joint visa for Thailand and Cambodia in limbo

Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...

http://www.phnompenhpost.com/index.php/2012112259881/National-news/joint-visa-for-thailand-and-cambodia-in-limbo.html

Thaicom to sell Mfone for $100

Troubled Cambodian telecoms operator Mfone will be disposed of by its parent company, Thaicom, in the coming weeks for $100 to INT Management Service Company Limited (INT), according to a filing with the Stock Exchange of Thailand (SET). Shenington Investment, a subsidiary of Thaicom and the ...

http://www.phnompenhpost.com/index.php/2012112259878/Business/thaicom-to-sell-mfone-for-100-by-years-end.html

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