The Phnom Penh Post

Cassava plantings decrease

Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ...

http://www.phnompenhpost.com/index.php/2012072357551/Business/cassava-plantings-decrease.html

Garment strikers set sights for capital again

Strikers from Kandal province’s Tai Yang and Camwell factories, which supply Levi’s and Gap, will converge on the capital again today to keep pressing for seniority bonuses, Cambodian Confederation of Unions president Rong Chhun said. The 150 workers who remain on strikewill deliver a petition to ...

http://www.phnompenhpost.com/index.php/2012072357560/National-news/garment-strikers-set-sights-for-capital-again.html

Questions over Laos dam

A decision on whether to build the Xayaburi dam on the Mekong River in northern Laos is a life and death one that will affect Cambodians downstream, according to Foreign Minister Hor Namhong. Speaking to reporters on Friday, Namhong said the controversial 1,260-megawatt hydropower dam has ...

http://www.phnompenhpost.com/index.php/2012072357562/National-news/questions-over-laos-dam.html

Land concession cancelled by PM

The Cambodian government has cancelled a 14,981-hectare concession in the Cardamom mountains granted to an Australian firm for a banana plantation, the conservation group Wildlife Alliance has reported. Wildlife Alliance has long lobbied against the concession in Koh Kong province’s southern cardamom forest on which Indochina ...

http://www.phnompenhpost.com/index.php/2012072357564/National-news/land-concession-cancelled-by-pm.html

Cambodia's export growth falls

Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...

http://www.phnompenhpost.com/index.php/2012072357550/Business/export-growth-falls.html

Ford takes 20 per cent of new car market

Before the big dinner with Hillary Clinton, Prime Minister Hun Sen and the leaders of Thailand and Myanmar on July 13 in Siem Reap, Tom Whitcraft of RMA Group, which owns the Ford dealership in Cambodia, sat down for an interview. Whitcraft said Ford has about ...

http://www.phnompenhpost.com/index.php/2012072357549/Business/ford-takes-20-per-cent-of-new-car-market.html

Thai media targets Kingdom

RSiam, the country-music business unit of RS Public Company Limited, a Thai entertainment company, is seeking partners in Cambodia and Laos, said RS executive vice president Soopachai Nillawan. RS owns a record label, produces programming for television, makes films, publishes magazines and promotes concerts. ...

http://www.phnompenhpost.com/index.php/2012072357548/Business/thai-media-targets-kingdom.html

Cambodian fishermen returned from Africa

Two Cambodian fishermen, trafficked into slave labour in South Africa in mid-2011, returned safely to Phnom Penh on Friday after being rescued by legal resource group the Community Legal Education Center. ...

http://www.phnompenhpost.com/index.php/2012072357553/National-news/cambodian-fishermen-returned-from-africa.html

Local microfinance institute invests in new ATM network

Hattha Kaksekar Ltd, a local microfinance institution, has invested almost US$2 million in a new ATM network, the company announced yesterday. Hattha Kaksekar now has around $32 million in deposits and will become the first financial institution to use SmartVista, an automated ATM process which also ...

http://www.phnompenhpost.com/index.php/2012072057524/Business/mfi-to-invest-in-new-atm-network.html

Locked-up villagers set off protests

More than 100 villagers protested in front of Banan district hall in Battambang province yesterday, demanding the release of six villagers who were arrested on Wednesday for allegedly accepting money to illegally divide state land. The six suspects have been accused of advertising land and then ...

http://www.phnompenhpost.com/index.php/2012072057527/National-news/land-dispute-locked-up-villagers-set-off-protests.html

World Bank raps dam study firm

The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the bank for three ...

http://www.phnompenhpost.com/index.php/2012072057536/National-news/world-bank-raps-dam-study-firm.html

Factory workers hold out for more

Little more than a week after garment workers were granted a US$10 monthly increase in allowances and bonuses, thousands of workers at a number of factories joined strikes with a clear message yesterday: they need more. Workers rallied outside factory gates and some marched to the ...

http://www.phnompenhpost.com/index.php/2012072057529/National-news/workers-hold-out-for-more.html

Police seize luxury wood in house raid

About 2,000 kilograms of Kran-houng luxury timber worth tens of thousands of dollars and a Toyota Camry car were seized by authorities in Oddar Meanchey province’s Anlong Veng district on Wednesday, military police said yesterday. ...

http://www.phnompenhpost.com/index.php/2012072057533/National-news/suspects-on-run-police-seize-luxury-wood-in-house-raid.html

Phnom Penh's new apartments soar on high rents

Real estate developments covered in green tarp have sprung up across the capital’s Boeung Kang Kong commune, and housing units are filling before the projects are finished, insiders said. The value of construction approvals in Phnom Penh jumped by 557.5 per cent in March to US$150.5 ...

http://www.phnompenhpost.com/index.php/2012071957504/Business/phnom-penh-apartments-soar-on-high-rents.html

Japanese companies face domestic employee shortage

Japanese companies are facing a shortage of skilled workers which is hindering progress in Japanese-owned electronic factories, the Japanese Business Association of Cambodia (JBAC) said. The statement comes after the Asian Development Bank said in April that a shortage of skilled workers would continue to hinder ...

http://www.phnompenhpost.com/index.php/2012071957505/Business/japanese-companies-face-employee-shortage.html

Senator Kok An files new lawsuits

A defence lawyer for tycoon Kok An revealed yesterday that the senator had filed lawsuits in March against six relatives of Heng Chheang and his wife, Tep Kolap, both of whom were convicted last December of embezzling US$58 million from An’s wife’s Anco Brothers Co ...

http://www.phnompenhpost.com/index.php/2012071957513/National-news/senator-files-new-lawsuits.html

Kantha Bopha hospitals get another $1 million

The Cambodian government donated $1 million to Kantha Bopha Children’s Hospitals on July 18, said Minister of Health Mam Bunheng. The donation came to the free outpatient medical institution as it’s facing a budget shortfall.   ...

http://www.phnompenhpost.com/index.php/2012071957508/National-news/kantha-bopha-hospitals-get-another-1-million.html

More water transport needed

Cambodia’s waterways go largely unused for domestic shipping, a factor hurting the competitveness of the country’s logistics and agriculture sectors, experts said yesterday. Cambodia lost ground this year in a measure of logistics performance. As rice millers and exporters push toward the 1 million-tonne rice goal ...

http://www.phnompenhpost.com/index.php/2012071857471/Business/waterways-needed.html

Cambodia’s GDP is revised

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...

http://www.phnompenhpost.com/index.php/2012071857475/Business/cambodia-gdp-is-revised.html

Cambodia will not export rice to Philippines

After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...

http://www.phnompenhpost.com/index.php/2012071857476/Business/cambodia-not-to-export-rice-to-philippines.html

Cambodia wakes up to coffee

The Cambodian coffee industry has seen a rapid increase in market value over the last few years, rising from production of about 18 tonnes per year in 2009, to more than 2,370 tonnes last year, market insiders said. Local coffee sales increased to 30 tonnes in ...

http://www.phnompenhpost.com/index.php/2012071857470/Business/cambodia-wakes-up-to-coffee.html

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