The Phnom Penh Post

The potential of Cambodia

Whenever you build a structure, you always start with a plan that exists first as an idea and then makes its way to paper and then usually a model: and this is true of ships or skyscrapers. Then comes the construction process when you bring in ...

http://www.phnompenhpost.com/index.php/2012052856411/Business/the-potential-of-cambodia.html

More Chinese firms weigh local investment

Six companies from China’s Guangzhou city and Guangxi province met with Kim Sithan, Cambodia’s secretary of state at the Ministry of Commerce, yesterday to discuss investment in the country Heavy machinery, fertiliser and chemical companies expressed interest in Cambodia’s agricultural sector ...

http://www.phnompenhpost.com/index.php/2012052556376/Business/more-chinese-firms-weigh-local-investment.html

Silk producers look to sew up EU market ties

Cambodia’s silk producers say they must cut costs in order to continue reaching troubled European markets, the primary target for the Kingdom’s sericulture products. Insiders said Cambodian companies must start producing their own silk for the industry to survive. Silk craftspeople import some 400 tonnes of silk ...

http://www.phnompenhpost.com/index.php/2012052556377/Business/silk-producers-look-to-sew-up-eu-market-ties.html

Activist monk detained at Wat Botum

Senor members of the monastic community yesterday detained Buddhist monk Loun Savath, an award-winning human rights activist, after he took photos of protesting Boeung Kak lake villagers outside Phnom Penh municipal court. Monks, police and unidentified men in plain clothes violently forced Loun Savath into a ...

http://www.phnompenhpost.com/index.php/2012052556389/National-news/activist-monk-detained-at-wat-botum.html

Strikers back at table

Workers from SL Garment factories and union representatives held their second round of talks at the Ministry of Social Affairs yesterday as strikes at the Levi’s, Gap and H&M suppliers continued for the 12 day straight. ...

http://www.phnompenhpost.com/index.php/2012052556386/National-news/strikers-back-at-table.html

Mondulkiri village’s residents say they’d rather die than run

A combined force of police, soldiers and military police last night set a deadline of 8am this morning for villagers in Mondulkiri province’s tiny Rayum commune to leave their homes or face forcible eviction. Authorities, who have surrounded the village for a week, say the villagers’ ...

http://www.phnompenhpost.com/index.php/2012052556382/National-news/mondulkiri-villages-residents-say-theyd-rather-die-than-run.html

World Bank outlook for Cambodia positive

The World Bank’s biannual report on Cambodia was largely positive given dire economic prospects in Europe, which economists agreed were closely tied to the Kingdom’s key export sectors. The report, released yesterday, predicted 6.6 per cent growth in gross domestic product Manufacturing is predicted to slow slightly this year, ...

http://www.phnompenhpost.com/index.php/2012052456354/Business/world-bank-outlook-for-cambodia-positive.html

Honda strike set to roll on

More than 100 staffers protested outside a Honda NCX company in Por Sen Chey district’s Choam Chao commune yesterday because they say employees are being sacked for trying to unionise, among other grievances. Soeurn Sot, a technician at the company, said during the protest that if ...

http://www.phnompenhpost.com/index.php/2012052456362/National-news/honda-strike-set-to-roll-on.html

Sihanoukville port on track for stock float

The Sihanoukville Autonomous Port was making every effort to speed up preparations for its listing on the Cambodia Securities Exchange, the port’s chief executive officer, Lou Kim Chhun, said this week. The company would list 15% of it’s stock to begin with, and would ‘study ...

http://www.phnompenhpost.com/index.php/2012052456348/Business/sihanouk-ville-port-on-track-for-stock-float.html

SECC sets minimum capital requirement

The Securities and Exchange Commission of Cambodia (SECC) has set a minimum capital requirement for securities firms A statement from the SECC, released yesterday, said that securities underwriters are required to hold a minimum of 40 billion riel of their shareholder’s equities It also requires securities firms to maintain ...

http://www.phnompenhpost.com/index.php/2012052456352/Business/secc-sets-min-capital-requirement.html

Defiance works: Amnesty

In the face of increasing economic land concessions and ongoing restrictions on expression, disaffected Cambodians were increasingly taking to the streets with success, Amnesty International representatives said yesterday at the launch of their annual report. Amnesty reported that Cambodians continued to face challenges to their human ...

http://www.phnompenhpost.com/index.php/2012052456368/National-news/defiance-works-amnesty.html

China OKs Kingdom rice

After more than a year of speculation on Cambodian rice exports to China, a rice exporter this week said China has granted the Kingdom permission to ship milled rice northward. Despite a growing stack of quasi-agreements for exports, regulatory issues have plagued the prospects of tapping ...

http://www.phnompenhpost.com/index.php/2012052456355/Business/china-oks-kingdom-rice.html

Corruption remains problem, but democracy just fine: poll

Eighty-two per cent of 1,200 people surveyed feel that Cambodia’s democracy works, despite 50 per cent calling corruption a major issue in the national government, according to figures released by the Center for Advanced Study yesterday. The CAS, a non-partisan research NGO, disseminated the results of ...

http://www.phnompenhpost.com/index.php/2012052456361/National-news/corruption-remains-problem-but-democracy-just-fine-poll.html

Clash erupts at SL factory

Security guards clashed yesterday with workers from two SL Garment factories that supply Levi’s, Gap and H&M, as the number of employees protesting exceeded 5,500 – or more than 90 per cent of the staff. Protester Kim Voeun, 32, said security guards, in the presence of ...

http://www.phnompenhpost.com/index.php/2012052456366/National-news/clash-erupts-at-sl-factory.html

Police destroy 50 homes in Mondulkiri

With a looming deadline to move still two days away, police yesterday stormed tiny Rayum commune in Mondulkiri province, dismantling and burning at least 50 homes belonging to villagers embroiled in a land dispute with a Vietnamese rubber company. Seng Channy, a villager representative who escaped ...

http://www.phnompenhpost.com/index.php/2012052456373/National-news/villagers-time-runs-out.html

Thai-Cambodia agricultural zones set for establishment

Cambodia and Thailand have agreed to set up specialised agricultural export zones along the border inside Cambodia in a bid to curb any suspension of cross-border trade from Thailand, as well as to achieve a 30 per cent increase in bilateral trade year-on-year, commerce official ...

http://www.phnompenhpost.com/index.php/2012052456351/Business/thai-cambodia-agricultural-zones-set-for-establishment.html

Boeung Kak 13 held without charge

Thirteen women hauled into police vehicles during a demonstration at Boeung Kak lake on Tuesday were being held without charge at Phnom Penh police headquarters last night. About 70 Boeung Kak villagers rallied outside Phnom Penh municipal court yesterday in support of the arrested women, who ...

http://www.phnompenhpost.com/index.php/2012052456371/National-news/b-kak-13-held-without-charge.html

Trade with Malaysia up as exporters look East

Bilateral trade between Cambodia and ASEAN member state Malaysia rose by 34 per cent year on year in 2011 to US$319.5 million compared to the year before, according to data from the Embassy of Malaysia in Phnom Penh released yesterday. Experts noted the nearly 100 per ...

http://www.phnompenhpost.com/index.php/2012052356319/Business/trade-with-malaysia-up-as-exporters-looks-east.html

International interest in Cambodian sugar

Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...

http://www.phnompenhpost.com/index.php/2012052356317/Business/international-interest-in-cambodian-sugar.html

Arrests greet symbolic Boeung Kak gesture

Thirteen Boeung Kak women, including a 67-year-old, were arrested and forced into police vans and trucks yesterday as about 200 Phnom Penh municipal police and security officers cracked down on a 100-strong demonstration at the site. The group, which included Boeung Kak lake residents, evictees and ...

http://www.phnompenhpost.com/index.php/2012052356334/National-news/bringing-down-the-house.html

No deal in SL Garment factory face-off

A long day of negotiations failed to resolve a factory dispute yesterday at a company that supplies to major international brands Gap, Levi’s and H&M. After more than 1,500 workers from SL Garment Processing (Cambodia) factories in the capital’s Meanchey district marched to the Ministry of ...

http://www.phnompenhpost.com/index.php/2012052356325/National-news/no-deal-in-factory-face-off.html

Police raid home of ‘secessionist’s’ mum

Scores of security forces yesterday stormed the house of alleged secessionist leader Bun Ratha’s mother in Kampong Cham province yesterday, confiscating mobile phones and memory cards, his relatives told the Post. Bun Ratha, the alleged leader of Democratic Association, has been on the run since security ...

http://www.phnompenhpost.com/index.php/2012052356333/National-news/police-raid-home-of-secessionists-mum.html

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