The Phnom Penh Post

Banks offer millions to millers

Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way ...

http://www.phnompenhpost.com/index.php/2011112352914/Business/banks-offer-millions-to-millers.html

Missing in Malaysia: Father says concerns fell on deaf ears

The father of an 18-year-old girl who he said had been missing in Malaysia for more than a year, has filed a complaint with the rights group Adhoc against the labour firm that sent her there. Minh Ngi, 46, from Preah Vihear province, said yesterday the ...

http://www.phnompenhpost.com/index.php/2011112352922/National-news/missing-in-malaysia-father-says-concerns-fell-on-deaf-ears.html

Courts systematically used to ‘threaten’ villagers, NGOs say

The government failed to evaluate social and environmental impacts before granting economic land concessions to private companies, while officials and company staff used the courts to intimidate residents during land disputes, representatives of NGOs said at a conference in the capital yesterday. “The courts are not ...

http://www.phnompenhpost.com/index.php/2011112352925/National-news/courts-systematically-used-to-threaten-villagers-ngos-say.html

Garment shipments jump 30% on low prices

Cambodia’s garment and textile exports grew by more than 30 per cent year-on-year through October, according to Ministry of Commerce data. The exports increased by nearly US$880 million, reaching $3.47 billion, the data showed ...

http://www.phnompenhpost.com/index.php/2011112252877/Business/garment-shipments-jump-30-on-low-prices.html

Rail line discussed for north Cambodia

A Chinese railway company may conduct a feasibility study on a 700-kilometre rail line in northern Cambodia, officials and local media reported yesterday. Officials from Nanning Survey and Design Institute Co Ltd, a subsidiary of China Railway Siyuan Group, discussed the study with the Ministry of ...

http://www.phnompenhpost.com/index.php/2011112252879/Business/rail-line-discussed-for-north-cambodia.html

Family told to collect daughter's remains by recruitment agency

Another family has been asked to come and retrieve the remains of their dead daughter from a recruitment firm after she passed away in Malaysia, and they claim the agency that sent her threatened not to return her ashes if the family pursued legal action. The ...

http://www.phnompenhpost.com/index.php/2011112252892/National-news/family-told-to-collect-daughters-remains-by-recruitment-agency.html

Fugitive directors face seven years in prison

A director and a former director of recruitment company Champa Manpower Group were sentenced in absentia to seven years’ jail yesterday for detaining three female workers in Phnom Penh last year. Chaing Sinath, presiding judge at the Phnom Penh Municipal Court, ordered that company director Sos ...

http://www.phnompenhpost.com/index.php/2011112252891/National-news/fugitive-directors-face-seven-years-in-prison.html

SMEs not yet ready for CSX

Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...

http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html

Toilet drive aimed at reducing disease, death

Nearly 10 million Cambodians and 2.6 billion people worldwide do not have access to a toilet on a daily basis, a World Toilet Organisation official said on Saturday. Sum Sokun, program manager for the WTO, gathered to celebrate World Toilet Day with villagers in the Ponhea ...

http://www.phnompenhpost.com/index.php/2011112152866/National-news/toilet-drive-aimed-at-reducing-disease-death.html

Floods abate, but villagers still isolated

Although floodwaters are receding, an unknown number of villages in several provinces remain accessible only by boat, and the extent of the damage has yet to be fully assessed, according to aid workers and the latest “situation update” from the United Nations Disaster Management Team. “In ...

http://www.phnompenhpost.com/index.php/2011112152867/National-news/floods-abate-but-villagers-still-isolated.html

Milled rice exports climb, prices soar

Cambodia’s milled rice exports increased by more than seven per cent year-on-year during the first 10 months of 2011, while international demand for the grain drove up rice prices by nearly 200 per cent, commerce officials said. The Kingdom exported more than 136,000 tonnes of milled ...

http://www.phnompenhpost.com/index.php/2011111852818/Business/milled-rice-exports-climb-prices-soar.html

Royal Group linked to new $2.2bn firm

A fertiliser company that has been approved to do billions of dollars’ worth of business in Cambodia, and is presumed to be based in the United Kingdom, is in fact affiliated with domestic conglomerate Royal Group, an insider has confirmed. Nitrogen Chemicals and Fertiliser (Cambodia) Ltd ...

http://www.phnompenhpost.com/index.php/2011111852823/Business/royal-group-linked-to-new-22bn-firm.html

Villagers protest for more flats

More than 100 Borei Keila villagers took to the streets yesterday to demand that Phanimex Company owner Suy Sophan honour a contract signed in 2003 that promised housing for 1,776 families in exchange for land. The protesters, holding banners, statues of the spirit and a pig’s ...

http://www.phnompenhpost.com/index.php/2011111852821/National-news/villagers-protest-for-more-flats.html

'Huge changes' made to new draft union law

A new draft of the trade-union law included “huge changes” that removed all major controversial aspects of the legislation, including criminal sanctions, a union advocate said yesterday. Dave Welsh, country director for the American Centre for International Labour Solidarity, said the Ministry of Labour was to ...

http://www.phnompenhpost.com/index.php/2011111852831/National-news/huge-changes-made-to-new-draft-union-law.html

Airport expansion key to Kingdom tourism

The Kingdom needs US$270 million to expand its three airports if the country is to meet its growing demand as a tourist destination, Cambodia Airport CEO Emmanuel Menanteau said yesterday. The total number of visitors passing through the Kingdom’s airports will approximately double every 10 years, ...

http://www.phnompenhpost.com/index.php/2011111752799/Business/airport-expansion-key-to-kingdom-tourism.html

Manulife to launch operations in Kingdom

Canadian firm Manulife Financial plans to set up one of Cambodia’s first life-insurance operations, the company said yesterday. The Ministry of Economy and Finance had approved “in principle” the investment, which a spokesperson from the company said would be at least US$7 million ...

http://www.phnompenhpost.com/index.php/2011111752800/Business/manulife-to-launch-operations-in-kingdom.html

Refresh Mobile buys WING

Refresh Mobile yesterday announced the purchase of mobile banking outfit WING from Australia’s ANZ, although the amount of the deal was not released. WING will join Refresh’s stable of electronic payment and cell phone top-up services, in addition to soon offering overseas mobile remittance capabilities, Refresh ...

http://www.phnompenhpost.com/index.php/2011111752801/Business/refresh-mobile-buys-wing.html

Land titles sought in Kompong Thom

The Kampong Thom provincial governor issued a letter on Tuesday to villagers living in Santuk district, ordering them to provide documentation confirming their ownership of land they reportedly “purchased” from brokers after it had already been assigned to relocated families, officials said yesterday. Deputy district governor ...

http://www.phnompenhpost.com/index.php/2011111752803/National-news/land-titles-sought-in-kampong-thom.html

Ex-railway workers fear pay has left station

Representatives of 503 former railway workers protested outside the Ministry of Transportation in Phnom Penh yesterday, demanding the government pay them outstanding salaries ranging from US$2,500 to $5,000 per person. Railway workers from Battambang, Kampot, Pursat and Takeo who were formerly employed by the government, but ...

http://www.phnompenhpost.com/index.php/2011111752807/National-news/ex-rail-workers-fear-pay-has-left-station.html

Kingdom plans flood relief spend

Cambodia plans to spend nearly US$200 million to rebuild after the worst floods in a decade hit the country in September and October. The floods require an immediate response, Minister of Economy and Finance Keat Chhon said yesterday at a meeting of the Council for the ...

http://www.phnompenhpost.com/index.php/2011111652772/Business/kingdom-plans-flood-relief-spend.html

Official says faintings a ‘scar’ on image of nation’s factories

A 10 per cent rise in the number of garment and footwear factories this year showed the government’s commitment to solving labour disputes, and that its mechanisms to do this were working, a senior official at the labour ministry said yesterday, while admitting that a ...

http://www.phnompenhpost.com/index.php/2011111652785/National-news/official-says-faintings-a-scar-on-image-of-nations-factories.html

Prey Lang protest puts foursome in firing line

A pair of Sandan district villagers who participated in last week’s Prey Lang forest protest against illegal logging, and two of the NGO workers who monitored them, were facing accusations of incitement and destruction of property in complaints filed against them in the provincial court, ...

http://www.phnompenhpost.com/index.php/2011111652786/National-news/prey-lang-protest-puts-foursome-in-firing-line.html

Cambodia-South Korea trade jumps 45%

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

http://www.phnompenhpost.com/index.php/2011111552748/Business/cambodia-south-korea-trade-jumps-45.html

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