The Phnom Penh Post

Kingdom okays ICBC

The National Bank of Cambodia yesterday granted Industrial and Commercial Bank of China a financial business licence, according to a report on aastocks, a Chinese stocks news service ...

http://www.phnompenhpost.com/index.php/2011111552747/Business/kingdom-okays-icbc.html

Ministry questions oil assessment

Cambodia’s Ministry of Environment told a Japanese oil company yesterday to better define the location of its initial onshore operations given the potential impact on the local population and environment. The Ministry of Environment has required Japan Oil, Gas and Metals National Corporation to specify where ...

http://www.phnompenhpost.com/index.php/2011111552750/Business/ministry-questions-oil-assessment.html

Issues with Kingdom's rice exports

Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. State-owned Sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ...

http://www.phnompenhpost.com/index.php/2011111552751/Business/issues-with-kingdoms-rice-exports.html

Firm denies dam report bias

A consulting firm commissioned by the Lao government to prepare a report on the controversial US$3.8 billion Xayaburi dam project has rejected claims by environmentalists that their assessment was “biased” due partly to existing ties with a project backer. On Wednesday, conservation group International Rivers claimed ...

http://www.phnompenhpost.com

Increase in visitors to Preah Vihear

Foreign visitors to the 11th-century Preah Vihear temple, on the Cambodian-Thai border, rose almost 78 per cent between January and October compared with the same period last year, despite a deadly border dispute that drew international attention in February. About 2,140 foreign nationals visited the 1,000-year-old ...

http://www.phnompenhpost.com/index.php/2011111152694/Business/increase-in-visitors-to-preah-vihear.html

Australian airline will launch direct flights to Kingdom

An Australian national airline would launch daily direct flights between Cambodia and Australia early next year, the Secretariat of State of Civil Aviation said yesterday. The airline had conducted a feasibility study and a market survey in co-operation with a Cambodian technical team, Long Chheng, deputy ...

http://www.phnompenhpost.com/index.php/2011111152695/Business/australian-airline-will-launch-direct-flights-to-kingdom.html

Cambodia-Thai trade still on track

Thailand’s worst floods in decades have not slowed trade with Cambodia, a Thai official in Phnom Penh said yesterday, claiming many products sought by Cambodia came from areas free of flooding. Bilateral trade between the two countries rose nine per cent year-on-year in the first nine ...

http://www.phnompenhpost.com/index.php/2011111152697/Business/cambodia-thai-trade-still-on-track.html

Garment staff get pay, push for labour rights

Garment workers who went on strike over delayed payment of wages and other alleged violations of labour law on Tuesday morning were paid on Wednesday by management at the Chea Ieng garment factory in the capital’s Sen Sok district. Factory employee Sun Sopheak said yesterday that ...

http://www.phnompenhpost.com/index.php/2011111152705/National-news/garment-staff-get-pay-push-for-labour-rights.html

Maid deaths hit nerve in Kuala Lumpur

A Malaysian parliamentarian has lashed out at his own government and police for their “callous approach” in failing to take proper action in response to the deaths of nine Cambodian domestic workers in their country this year, Charles Santiago, a member of the opposition Democratic Action ...

http://www.phnompenhpost.com/index.php/2011111152707/National-news/maid-deaths-hit-nerve-in-kl.html

Maid death numbers shock

The Cambodian embassy in Malaysia has reported that nine migrant domestic workers have died there this year, including one on Sunday, a rights activist and an opposition parliamentarian visiting Kuala Lumpur said yesterday. After a press conference held by the Malaysian rights group Tenaganita, Moeun Tola, ...

http://www.phnompenhpost.com/index.php/2011111052690/National-news/maid-death-numbers-shock.html

Floods and crisis sink rubber price

Rubber growers and exporters in Cambodia stalled exports as rubber prices continued a sharp decline that companies attributed to flooding in Thailand and economic turmoil in Europe. Heng Sreng, general director of Long Sreng International Co Ltd and owner of Boeung Keth Rubber Plantation in Kampong ...

http://www.phnompenhpost.com

Credit bureau plans for early 2012 launch

The Kingdom’s first centralised credit bureau was on track to launch in February, officials said yesterday, although it had originally been slated to start by the end of this year. Credit Bureau Cambodia will collect and provide consumer and institutions’ financial information, which they can use ...

http://www.phnompenhpost.com

'Brand aid' failing workers

A strike this morning at a garment factory located near the bend of a dirt road in Bonal Sa-ith village in Sen Sok district underscores the need for enhanced enforcement of labour legislation, the president of the Free Trade Union said yesterday. Chea Mony also said ...

http://www.phnompenhpost.com

Kingdom, WTO call on US to drop tariffs

Both Cambodia and the World Trade Organisation this week called on the United States to follow China’s lead in promising zero-tariff treatment to Least Developed Countries. Chinese President Hu Jintao, in a speech at the G20 summit in Cannes, France, on Friday, announced China would grant ...

http://www.phnompenhpost.com

Weak spots seen in Kingdom trade

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

http://www.phnompenhpost.com/index.php/2011110852601/Business/weak-spots-seen-in-kingdom-trade.html

Rural areas plagued by shortage of toilets

The Ministry of Rural Development yesterday called for increased investment to expand access to sanitation facilities in rural Cambodia as well as more awareness about the link between low rates of access to toilets and high rates of communicable disease. Cambodia ranked at the bottom of ...

http://www.phnompenhpost.com/index.php/2011110852606/National-news/rural-areas-plagued-by-shortage-of-toilets.html

UAE considering Kingdom's rice

Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...

http://www.phnompenhpost.com

Tourism will drive food service sector growth zzz

Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...

http://www.phnompenhpost.com

Insurers hit with few flood claims

The number of flood-related insurance claims has been fewer than expected despite the Kingdom’s worst flooding in a decade, industry insiders say. Although the floods, which began in late August, had affected large sections of the country, few claims had been made, Infinity Insurance chief executive ...

http://www.phnompenhpost.com

Ministry suspends verdict

The Ministry of Justice has ordered authorities in Preah Sihanouk province to suspend enforcement of a Supreme Court verdict issued in connection with a land dispute between 70 families and an official from the Sihanoukville Autonomous Port. On October 28, the Supreme Court granted a land ...

http://www.phnompenhpost.com

Koh Kong's first garment factory to launch next April

The first garment factory in Koh Kong province is slated to open in April of next year in what insiders say is a harbinger of manufacturing along the Thai border. Thai-owned KKN Apparel had signed a contract with the Koh Kong Special Economic Zone to launch ...

http://www.phnompenhpost.com

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