The Phnom Penh Post

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html

Migrant abuse claims skyrocket five fold

Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...

http://www.phnompenhpost.com/index.php/2012070657258/National-news/migrant-abuse-claims-mount.html

Government to cut power subsidies

The government will drop subsidies for high electricity use, after the Electricity Authority of Cambodia (EAC) reported losses of US$3 million between January and May this year. Households consuming more than 200 KW/h per month will no longer receive a 100 to 200 riel per KW/h ...

http://www.phnompenhpost.com/index.php/2012070657247/Business/govt-to-cut-power-subsidies.html

Unions reject bonus bargain

Union leaders yesterday rejected a proposal from Cambodian garment makers to provide US$9 a month for a worker’s housing and transport fees, demanding an additional $1. The benefits were announced last week after unions said they would lead a large-scale protest ...

http://www.phnompenhpost.com/index.php/2012070657244/Business/unions-reject-bonus-bargain.html

Not all economic land concessions listed

The Ministry of Agriculture, Forestry and Fisheries’ latest list of economic land concessions reveals some peculiar discrepancies with known records of ELCs. Some that have recently been granted are missing, while others known to have been cancelled remain. The June 8 MAFF list makes no mention ...

http://www.phnompenhpost.com/index.php/2012070557236/National-news/not-all-elc-listed.html

Rice exports facing challenges

Pou Puy, president of the Cambodian Rice Millers Association, said that the export of Cambodia’s white rice faces challenges in terms of both quantity and competitive pricing, as exports of milled rice dropped about 35 per cent for the first half of 2012 compared to ...

http://www.phnompenhpost.com/index.php/2012070557221/Business/rice-exports-facing-challenges-quality-and-competition.html

Emaxx, Excell deal long dead

The collapse of Digital Star Media’s acquisition of mobile operator Excell emerged yesterday, nearly a year after the firms announced the potential buy-out. Digital Star Media, branded under the name Emaxx, announced in late July last year it was in talks to buy GT-TELL’s Excell. The ...

http://www.phnompenhpost.com/index.php/2012070557224/Business/emaxx-excell-deal-long-dead.html

Strike wounds slow to heal

More than 70 garment workers who claim they were sacked after a nationwide workers’ strike in September, 2010 are still waiting to be reinstated, Ath Thorn, president of the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU), has told the Post. Thorn claimed on Tuesday about ...

http://www.phnompenhpost.com/index.php/2012070557227/National-news/strike-wounds-slow-to-heal.html

Hun Sen shoots down free-visa plan

Prime Minister Hun Sen yesterday shot down calls for a free visa system for all ASEAN + 3 nations. The proposal would have included the ASEAN nations as well as China, Japan and South Korea. Minister of Tourism Thong Khon made the proposal during a Tourism Ministry ...

http://www.phnompenhpost.com/index.php/2012070557223/Business/pm-shoots-down-free-visa-plan.html

More Cambodian maid abuse revelations

A Cambodian maid in Malaysia has committed suicide, another was allegedly raped by her employer and a third tortured, according to rights groups and the Ministry of Foreign Affairs, which is investigating the cases. An 18-year-girl is being sheltered at the Cambodian embassy after she was ...

http://www.phnompenhpost.com/index.php/2012070557237/National-news/more-maid-abuse-revelations.html

Two ‘secessionists’ to face press

Bun Chhorn and Sok Tong – fugitives accused of orchestrating a “secessionist plot” in Kratie province – are refusing to admit their guilt, and will hold a press conference Friday in Phnom Penh to say as much, despite Hun Sen’s recent promise to drop their ...

http://www.phnompenhpost.com/index.php/2012070557235/National-news/two-secessionists-to-face-press.html

Borei Keila evictees plead case

Homeless Borei Keila evictees who have been living in tents surrounded by garbage since authorities bulldozed their homes in January pleaded outside Phnom Penh Municipal Hall for housing yesterday. Representative Chhay Kimhorn said the families could no longer stand living in tents and stairwells infested with ...

http://www.phnompenhpost.com/index.php/2012070557230/National-news/borei-keila-evictees-plead-case.html

Road blocked as strike escalates

Thousands of workers from factories owned by Tai Yang Enterprise in Kandal province’s Ang Snuol district blocked National Road 4 for more than seven hours yesterday to push the company to meet their demands. May Sopheaktra said workers decided to block the road after the companytried ...

http://www.phnompenhpost.com/index.php/2012070557231/National-news/road-blocked-as-strike-escalates.html

UK, US pledge ASEAN support

The United States has expressed its commitment to the success of next week’s 19th ASEAN Regional Forum, which will be held in Phnom Penh, while British Foreign Office Minister Jeremy Browne said on the same day that the United Kingdom plans to strengthen its relationship ...

http://www.phnompenhpost.com/index.php/2012070557222/Business/uk-us-pledge-asean-support.html

North Korea talks trade pact with Cambodia

North Korea yesterday proposed to lower tax and trade barriers with Cambodia. The proposal, if made into a formal agreement, would join a long list of agreements between the two countries that have never been followed through. Hong Ki Chol said such an agreement could ...

http://www.phnompenhpost.com/index.php/2012070457178/Business/north-korea-trade-pact.html

Government calls for more local products

Deputy Prime Minister Men Sam An has called for the greater use of local products in the tourism sector, as products from overseas that continue to supply the industry result in a 25 per cent loss in revenue for Cambodia’s US$2 billion-a-year tourism industry. ...

http://www.phnompenhpost.com/index.php/2012070457177/Business/government-call-local-products.html

Court orders strikers back to work

The Kandal Provincial Court ordered thousands of striking garment employees back to work for the second time yesterday, but they will continue fighting until their demands are met, a union president said. Workers at Ang Snuol district’s Tai Nan I, Tai Nan II and Camwell factorieshave ...

http://www.phnompenhpost.com/index.php/2012070457188/National-news/court-orders-strikers-back.html

Kok An case back in court

Heng Chheang, former deputy general director of the Anco Brothers Company, was brought by prison security guards yesterday for questioning to the Phnom Penh Municipal Court over fresh allegations of defamation and fraud filed by Senator Kok An last year, officials said. “Although I have already ...

http://Buth Reaksmey Kongkea, P. 4

Wenzhou business grows in Phnom Penh

The number of incoming business people from Wenzhou, a Chinese coastal city of three million known for manufacturing, has grown markedly in recent years. So much, in fact, that Wezhou opened an official chamber of commerce in Phnom Penh last week. Labour and land costs on China’s ...

http://www.phnompenhpost.com/index.php/2012070457175/Business/wenzhou-business-grows.html

Trade fair a chance to improve Thai relations

Thailand and Cambodia are making moves to repair trade relations as 30 of Thailand’s provincial commerce departments hold a three-day trade fair in Phnom Penh’s Diamond Island Convention Center this week, according to Jiranan Wongmongkol, director of the Foreign Trade Promotion Office (FTPO) at the ...

http://www.phnompenhpost.com/index.php/2012070457176/Business/trade-fair-thai-relations.html

CCU threatens capital march

Cambodian Confederation of Unions president Rong Chhun threatened yesterday to lead a march of more than 3,000 striking garment workers from Kandal province to the capital on Thursday if their employer refuses to meet their demands. “[Workers] have already made commitments with me to march to ...

http://www.phnompenhpost.com/index.php/2012070357166/National-news/ccu-threatens-march.html

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