The Phnom Penh Post

Claims on Cambodia’s six biggest insurance companies declined year on year by more than 90 per cent in the first quarter of 2012, data from the General Insurance Association of Cambodia (GIAC) shows. The value of claims in 2011 was raised by fires that gutted two ...

Frontier and emerging economies such as Cambodia present companies with a specific set of challenges and risk, both real and perceived, beyond those found in more developed markets. A risk category getting ever- increasing attention is that of “social risk”, roughly defined as the risk of ...

Prisoners still face being exploited for labour, despite the government’s March prakas banning goods made behind bars from being exported, rights group Licadho has said. Although Licadho believes the prakas will help protect the image of Cambodia’s garment industry, it says inmates still face exploitation under ...

A rights group has raised concerns that up to 100 Cambodian migrant workers at a Thai seafood processing factory will be stranded abroad in less than a week without any income because they cannot afford to pay a passport fee demanded by their employer. Of the ...

Cambodia’s first-quarter exports to South Korea soared nearly 80 per cent year-on-year, driven mostly by garments and agriculture products, but imports still accounted for most of the trade between the two countries. Total exports to South Korea jumped to US$30 million for the first three months of ...

Despite major foreign aid budget cuts at home, Australia had upped its assistance to Cambodia by about US$17.4 million for 2012-2013, the embassy here said yesterday. Australia would provide a total of $95.3 million in “official development assistance to Cambodia”, the embassy said in a statement. ...

Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The Switzerland-based Basel Institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ...

Champagne greeted the movers and shakers at the highest level of Cambodia’s tallest building yesterday in a ceremony that marked substantial completion of the structure of Vattanac Capital Tower. Designed in the shape of a dragon with particular attention to the Chinese art of placement for ...

A French doctor established International SOS between Jakarta and Singapore 27 years ago. The company conducted emergency airlifts for patients to Singapore due to the lack of quality health services available in Indonesia at the time. The French-owned company now has a presence in 74 countries ...

Dry, parched ground – evidence of severe dry season drought – stretches for miles in Siem Reap’s Srei Snam district. In a couple of months, the rains will flood these fields. Both conditions make it equally impossible to produce a good harvest. Srei Snam was a ...

The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...

The majority shareholder of Timbergreen, a firm that has been the centre of illegal logging allegations, has denied the company is in any way involved in the illicit trade of timber. The company has gained significant attention since prominent environmental activist Chut Wutty, who had made ...

For the first time in weeks, Phnom Penh Water Supply Authority yesterday closed up 4.35 per cent, a sign the stock was stablising after a rough opening, insiders said. After an eight-day price decline, PPWSA – the sole listed company on the Cambodia Securities Exchange – ...

Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...

The Ministry of Tourism will shift its focus to ecotourism development in the Kingdom’s northeast after efforts to promote travel to Cambodia’s coastline proved successful. ...

Borei Keila evictees who have spent months sleeping under staircases and near rubbish dumps delivered a petition to UN Special Rapporteur Suya Subedi yesterday as their quest to be housed again at Borei Keila continued. ...

Chea Sokheng, general director of Arizon Group Ltd, a potential investor in Cambodia’s education and real estate sectors, said that investment in education is a main contributor to developing human resources and growth of the national economy. Though he mentioned the opportunity to invest in the ...

Entertainment Gaming Asia Inc, which today will launch its Dreamworld Casino in Pailin, also will break ground on a slot hall project in Poipet, near the Thai border, on Thursday, according to a company statement.   ...

Ministry officials were silent yesterday on how exactly they planned to implement Prime Minister Hun Sen’s suspension of any new economic land concession grants and review of existing ELCs. Provincial authorities involved in granting the now-suspended land concessions yesterday said they were ready to implement ...

More than 5,000 workers went on strike in Kandal province’s Ang Snuol district yesterday after discovering the owners had changed the name of their factory almost two years ago, a union representative said. Concerned that the name change from Tai Yeng to Tai Nan in 2010 ...

An estimated 600 people will travel to parts of the Cardamom Mountains in Koh Kong province to investigate illegal logging and commemorate the death of slain environment activist Chut Wutty tomorrow. Communities from eight provinces that have been affected by deforestation will travel to Koh Kong ...

Every day they come in the thousands and crowd under a blazing sun for hours, awaiting a moment that costs them more than two full months’ salary – a passport. And where are they going? “Thailand,” 21-year-old Sem Pheaktra said, squinting under a harsh mid-morning sun. He, and ...

The families of two maids working in Malaysia asked Preah Vihear’s anti-human trafficking office and the human rights group Adhoc yesterday to intervene on behalf of their daughters, whom they haven’t seen or heard from since last year, officials said. ...

Chased out of the house by her Malaysian employer, fresh-faced Tieng SaSa, 18, found shelter with an NGO, escaping alleged abuse at the hands of her employer that included binding her hands and beating her feet with a metal club until her bones broke. Three months ...