News

Hun Sen Denounces Televised Comments on Passport Fees

Prime Minister Hun Sen yesterday criticized the Cambodian News Channel (CNC) for broadcasting an interview with an NGO worker who had claimed on air that the large number of illegal Cambodian workers to Thailand was due to high cost of obtaining a Cambodian passport. Speaking at ...

http://www.cambodiadaily.com

Construction Revival Behind Import Growth

A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...

http://www.cambodiadaily.com

Government Order May Close Many of City's Internet Cafes

The open-source mapping website Urban Voice launched a campaign yesterday against a government order banning Internet cafes withing 500 meters of schools that will effectively make it illegal to operate such businesses in much of Phnom Penh. “Implementation of this order would mean the closure of ...

http://www.cambodiadaily.com/news/government-order-may-close-many-of-citys-internet-cafes-6660/

PM urges factories to up wages

As the lure of Thailand grows increasingly attractive for cash-strapped and under-employed Cambodians, Prime Minister Hun Sen yesterday made a public appeal for workers to stay in the country, simultaneously urging the Cambodian market to up its competitive edge. In a speech at the inauguration of ...

http://www.phnompenhpost.com/National/pm-urges-factories-to-up-wages.html

Ground broken on Koh Pich for Japan-Cambodia venture

Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...

http://www.phnompenhpost.com/Business/ground-broken-on-koh-pich-for-japan-cambodia-venture.html

Companies Urged to Respect Labor Standards

Respecting labor standards in Cambodian factories will benefit the garment manufacturing industry in the long-run as more international brands will be tempted to source from the country, labor experts said yesterday at a round-table discussion in Phnom Penh. ...

http://www.cambodiadaily.com

Corridor towns to see $37 million in ADB loans

Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...

http://www.phnompenhpost.com

Prasac inaugurates new HQ in Phnom Penh

Officials expressed optimism that microfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank of Cambodia  and Prasac expect the new 10-storey building to enhance ...

http://www.phnompenhpost.com/Business/prassacs-new-hq-inaugurated.html

PAL seeks CAB green light for flights to Turkey, Kuwait, Cambodia

Flag carrier Philippine Airlines is eying flights to Kuwait, Turkey, and Cambodia starting next year amid its refleeting and expansion program, the Civil Aeronautics Board said Wednesday. PAL has filed petitions with the industry regulator for flights to Istanbul in Turkey, Phnom Penh in Cambodia, and ...

http://www.gmanetwork.com/news/story/286103/economy/companies/pal-seeks-cab-green-light-for-flights-to-turkey-kuwait-cambodia

Hundreds of workers strike at Bavet bicycle factory

About 1,000 workers at a bicycle factory in the Tai Seng Special Economic Zone went on strike Wednesday for a second day, sources said. The sources said the striking workers at Smart Tech (Cambodia) Co Ltd threw rocks at factory windows and threatened to continue ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Y2VkYjY5OGIxM2FmNjc1OGQ3MzEzNzgwNGFiZTYw

Cambodia's central bank launches national clearing system

The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...

http://news.xinhuanet.com/english/world/2012-12/12/c_132036029.htm

Villagers Demand That Power Company Lower Rates

More than 1,000 families in four communes in Kandal province’s Lvea Em district submitted a petition Sunday to local officials demanding that a private electricity company either lower its rates or the commune switch to cheaper state-run power, villagers and commune chiefs said yesterday. ...

http://www.cambodiadaily.com

US Ambassador Seeks to Clarify Need for Debt Repayment

The U.S. ambassador to Cambodia has sought to clear up supposed misinformation about Cambodia’s debt to the U.S., which was racked up during the early 1970s by the U.S.-backed military government of Lon Nol and has become a contentious issue between the country. Cambodia has refused ...

http://www.cambodiadaily.com

Rice Harvest to Yield Growth, Official Says

As Cambodia’s rice harvest gets into full swing, the government said yesterday that it expects this year’s crop to exceed last year’s, despite fears that drought would limit the yield. Minister of Agriculture Chan Sarun said that farmers had already harvested more than 3 million tons ...

http://www.cambodiadaily.com

Crane removed from Gold Tower 42

Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...

http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html

Siem Reap hotels oversupplied

Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html

Hun Sen Appeals for Kep's Vines to Be Tamed

Prime Minister Hun Sen appealed yesterday for developers and landowners in Kep City to build fences around their neglected properties to prevent vines from creeping onto the street of the coastal resort. Since much of the land in Kep City is owned by investors who live ...

http://www.cambodiadaily.com

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