News
Swedish outcry has royal voice in midst
Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...
Bunong Minority Villagers Protest Against Rubber Company
About 80 ethnic Bunong villagers living in Mondolkiri’s Pech Chreada district staged a protest against the Socfin-KCD rubber company Monday, demanding that the firm honor its long-standing pledge to return 1,000 hectares of farmland located inside its concession. Socfin-KCD, a join venture between Socfin, a ...
NGO Says Dispatch of Troops Against Protesters Unjustifiable
Soldiers should not have been deployed in support of a warrant to arrest land dispute protesters in Kratie province in May—an operation that led to the killing of a 14-year-old girl by armed forces, a Japanese human rights group said in a new report. The report ...
http://www.cambodiadaily.com/news/ngo-says-dispatch-of-troops-against-protesters-unjustifiable-4971/
Striking workers resign in trade-off
Tae Young factory workers have ended their strike demanding the reinstatement of 16 fired workers after the factory last week agreed to drop its legal complaints against eight of the 16 in return for the entire group’s official resignations. About 600 protesters began the strike at ...
Hong Kong seeking trade ties
During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...
http://www.phnompenhpost.com/index.php/2012103159498/Business/hong-kong-seeks-trade-ties.html
Another major Xayaburi pact
The inking of a €300 million contract for water turbines, and job advertisements marked “urgent” appear to be the latest signs that Laos is powering forward with the Xayaburi hydroelectric dam project on the Mekong River. Assurances the $3.8 billion project was on hold pending further ...
http://www.phnompenhpost.com/index.php/2012103159486/National-news/another-major-xayaburi-pact.html
Complaint to Be Filed in US Over Koh Kong Sugar Plantations
Families in Koh Kong province will today file a complaint with the U.S. government against American Sugar Refining (ASR) over farmland they claim they were violently evicted from to make way for two sugar plantations that supply the New York-based company. The 207 Koh Kong ...
http://www.cambodiadaily.com/news/complaint-to-be-filed-in-us-over-koh-kong-sugar-plantations-4956/
Silencing the Voice of Dissent
Before its owner was arrested in July on charges of insurrection, Beehive radio had hit the consciousness of few outside Cambodia. While international rights groups and press watchdogs were quick to jump on a story of political posturing and the quashing of free speech in the ...
Cambodia needs to polish reputation
The chief economist at the Economic Research Institute for ASEAN and East Asia says Cambodia needs to attract greater numbers of multinational companies and treat them well, in order to establish production networks that will transfer technology to smaller Cambodian businesses. In an interview with the ...
Dolphins drive tourism
Kratie, a province in northeast Cambodia has seen an improvement in tourist arrivals and length of stay since the Mekong Discovery Trail project was established in 2007. The Mekong Discovery Trail is a co-operative effort with the Cambodia’s Ministry of Tourism and has the support of ...
http://www.ttrweekly.com/site/2012/10/dolphins-drive-tourism/
Celestial Tiger Entertainment announces five new carriage agreements
Celestial Tiger Entertainment (CTE), the operator of the largest bouquet of pan-Asian channels dedicated to Asian entertainment, has announced five new carriage agreements on the first day of the 2012 CASBAA Convention, the annual pay TV industry conference held in Hong Kong. The newly-inked deals ...
VimpelCom may sell units in Africa and Asia
Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports. The Financial Times newspaper says that the operator ...
http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm
Cambodian vegetable farmers forced to compete with Vietnamese rivals
Cambodian vegetable farmers say they are being forced to compete with more efficient farmers in Vietnam who use farming techniques to make their vegetables grow faster. Farmers in Sambork Meas, a village on the Mekong River in Mokkompul commune in Bakkeng district in Kandal province, say ...
Indochine Mining Limited (ASX:IDC) Successful Capital Raising
Indochine Mining Limited (ASX:IDC.AX – News) is pleased to announce a successful capital raising from existing institutional shareholders and a new major global fund Indochine Mining Limited (ASX:IDC.AX – News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding ...
http://au.finance.yahoo.com/news/indochine-mining-limited-asx-idc-031410444.html
Hun Sen calls for complete removal of ASEAN trade barriers
Prime Minister Hun Sen called on Tuesday for the complete removal of tariff and non-tariff barriers when the ASEAN Economic Community is set up in 2015 Hun Sen also called for enhanced trade facilitation, further services liberalization and a regional framework for liberalizing and facilitating cross-border ...
Cambodian Oil Transparency Group Sponsors Annual Conference
Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management. The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives ...
http://eon.businesswire.com/news/eon/20121030005350/en/oil/gas/mining
Xayaboury dam simulation model unveiled
Scientists and international experts fine-tuning the design of the Xayaboury dam have unveiled a scale model of the planned run-of-river structure to ensure the most efficient level of sediment flushing. The 1:120 scale model simulates actual hydrologic flows and water velocities in the Mekong River at ...
PTT sets Bt6bn budget for 5-year expansion
PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...
http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html
Families Claim Officials Extort Fees at Checkpoints
More than 30 families living in Pursat province’s Dangkeab village have filed complaints with their village chief against environmental officials, whom they claim extorted money from them to pass illegal checkpoints as they transported firewood from a nearby forest to the village, authorities said yesterday. “Since ...
First financial leasing company for Cambodia
GL Finance (GLF), the first and only financial leasing company in Cambodia, opened its 11th branch in Phnom Penh on Friday, covering all authorized Honda and NCX dealerships in Phnom Penh and its vicinity. GLF, in partnership with Honda NCX, helps customers buy their own motorbikes and provides ...
Banking made more accessible
The largest bank in Cambodia, Acleda Bank Plc, has extended its mobile banking and payments service to consumers without an existing banking relationship of any kind, according to a press release by global technology provider Fiserv. Established in 2010, Acleda Unity now reaches untapped consumer segments using ...
http://www.phnompenhpost.com/index.php/2012103059461/Business/banking-made-more-accessible.html
Improvements for banks after budget
Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...
Hun Sen Says Cambodia Is Not Ready for Nuclear Power
Prime Minister Hun Sen yesterday denied giving the green light for a neighboring country to construct an electricity-generating nuclear power plant in Cambodia, saying it would be too dangerous. Senior Minister and Vice Chairman for the Council for the Development of Cambodia Sun Chanthol said ...
Beef price almost doubles
High demand for beef, particularly during the Islamic Qurban festival which ended yesterday, caused beef prices to almost double compared with the same period last year, according to Islamic leaders and officials. Him Khortieth, IKatan Mahabbah Muslimin’s (IMAN) representative in Cambodia, said the association planned to ...
http://www.phnompenhpost.com/index.php/2012103059462/Business/beef-price-almost-doubles.html