The Phnom Penh Post

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

Tractors carried members of 50 families from Lor Peang village in Kampong Chhnang province’s Kampong Tralach district to the provincial courthouse early yesterday morning, where their hopes faded as they waited for court officials to accept their latest complaint against a company they accuse of ...

A villager living at Boeung Kak lake claimed yesterday that staff from Shukaku Inc, owned by ruling party senator Lao Meng Khin, threatened to demolish her home if she rejected an alleged US$80,000 offer to purchase the property Lao Vann, deputy director-general of Shukaku Inc, yesterday ...

Nearly 400 workers at the Zhen Yun factory in the capital’s Russei Keo district went on strike yesterday after not receiving annual bonuses or appropriate overtime pay. The workers also said they were poorly treated by management While the factory workers were striking, a Free Trade ...

Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...

Eight workers at the Stung Tatay hydro project, in Koh Kong province, are presumed dead after being swept away by floodwaters on Sunday. Seven of the men drowned while trying to rescue a colleague who had fainted after floodwaters swept over a bridge, stranding him at ...

Cambodia’s rice export revenues jumped by more than 200% on increasing world food prices during the first eight months of the year, according to Ministry of Commerce data. Price increases, however, drove total exports down. Cambodia exported US$59.8 million in rice, or 105,452 tonnes, between January and ...

Heavy flooding during the rainy season, affecting 10 out of 17 provinces in Laos, has underlined the need for stronger disaster-management efforts, experts say. Tropical storm Haima struck central and northern parts of the country on June 24, with Nock-10 hitting central and southern areas on ...

The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...

Telekomunikasi Indonesia’s majority stake purchase of Cambodian mobile operator CamGSM is nearing the end of negotiations that have lasted almost a year Telkom’s planned purchase of CamGSM was part of a 1 trillion rupiah (US$116 million) acquisition strategy for 2012, the Indonesian newspaper Kontan reported yesterday ...

The number of British companies operating in the country is expected to increase in the coming years, as the British Business Association of Cambodia (BBAC) gears up to chair the Kingdom’s first Britain in Southeast Asia conference next month. The conference, which is set to draw ...

Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...

The Xayaburi dam project in Northern Laos might increase the probability of earthquakes in a region already prone to seismic activity, according to a recently translated report from Vietnam. The 1260-megawatt project sits about 100 kilometres south of the Lai Chau-Dien fault line. Construction activity on the ...

A representative of Mirea Apparel Factory in the capital’s Meanchey district had promised that more than 500 “agitated” workers would receive a month’s worth of back pay tomorrow, a union official said yesterday. Free Trade Union executive officer Um Lina said that factory representatives had also ...

Construction of a US$1.6 billion satellite city on Phnom Penh’s Chroy Changvar peninsula will begin this year after officials inked a contract yesterday with local firm Overseas Cambodia Investment Corporation (OCIC). Dubbed “City of the Future”, the project would include a national stadium, a 60-hectare park, ...

Cambodia’s economic growth could surpass previous estimates and hit 8.7% this year, Prime Minister Hun Sen said in a speech yesterday. Earlier government forecasts estimated growth of 6% for 2011, though increasing garment exports and a strong recovery in the tourism sector have stimulated the economy ...

A rice-husk powered power plant will officially open in Kampong Speu at the end of the year, set to provide electricity to the district’s rice millers, according to officials from operator Golden Rice Cambodia. The US$2 million generator is set to supply power to all of ...

Deputy Prime Minister and head of the Cambodian National Petroleum Association Sok An has called for the resumption of talks with Thailand over the disputed overlapping claims area in the Gulf of Thailand, believed to be rich in oil and natural-gas reserves. The oil industry had ...

The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...

The US House of Representatives has renewed a trade law experts said could have a substantial effect on Cambodia’s exports to the United States, as well as the future of the Kingdom’s manufacturing sector. The Generalized System of Preferences (GSP) program waived tariffs on about US$13 ...

Cambodian garment and textile exports increased nearly 20 per cent in the first eight months of 2011 compared to the same period last year, according to Ministry of Commerce figures. The Kingdom exported US$2.35 billion in garments during the period, a 19.6 per cent increase over ...

At least 24 international apparel brands have pledged to immediately investigate the mass fainting “phenomenon” that has hit the Cambodian garment factories that supply them, the International Labour Organisation says. Executives of global brands had pledged to work together “to determine the precise causes of incidences ...

The National Bank of Cambodia was pushing microfinance institutions to look to domestic banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial banks, a dearth of ...

In an attempt to foster tourism on the Cambodia-Thai border, tourism officials this week visited the Cham Yeam border crossing in Koh Kong province. Warming relations with Thailand’s newly elected Prime Minister Yingluck Shinawatra are expected to improve cross-border tourism, which deteriorated after border clashes ...