News
Cambodia creates safe zones for Mekong dolphins
The Cambodian government on Friday said it will limit fishing in a zone in the Mekong River to protect critically endangered freshwater dolphins The Irrawaddy dolphin conservation area will cover a 180-kilometre-long (110 miles) stretch of river from eastern Kratie province to the border with Laos, ...
http://news.xin.msn.com/en/regional/cambodia-creates-safe-zones-for-mekong-dolphins-2
Felda Global buying more land, aims to emerge world leader in palm oil industry
Felda Global Ventures Holdings Bhd (FGVH), the world’s third largest palm oil company by hectarage, plans to buy 150,000 ha estate land over five years to realise its cherished vision to emerge as the world leader in the palm oil industry On FGVH’s cross-border expansion plans, ...
http://biz.thestar.com.my/news/story.asp?file=/2012/8/24/business/11904076&sec=business
Service sector eyes AEC's pot of gold
Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...
http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold
Cambodia, the next setting to a ‘Battle of the Rails’
As Australian operator Toll Royal Railways looks at a possible withdrawal from in Cambodia, a new China-backed company tries to take over and promise to rehabilitate more tracks including Phnom Penh-Saigon Toll Royal Railway won in 2010 a concession to operate and upgrade the Cambodian rail ...
http://www.traveldailynews.asia/news/article/50249/cambodia-the-next-setting-to
Vietnam holds largest-ever trade fair in Cambodia
Vietnam organized the largest- ever trade fair on Thursday, vowing to boost the bilateral trade to $3 billion this year. Speaking at the opening of the 5-day event at Mondial Center, Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnam Goods, said the ...
Monks to School Migrant Workers on Malaria
More than 60 monks will march across Pailin province next week in an effort to educate migrant workers on ways to protect themselves from being infected by malaria, health workers and officials said yesterday. Migrant workers are particularly at risk for malaria because they often sleep ...
Rights Worker Leaves Cambodia; Court Questioning Postponed
The Phnom Penh Municipal Court yesterday agreed to delay today’s scheduled questioning of well-known rights investigator Chan Soveth, who has been charged with aiding an unnamed perpetrator in an unnamed crime. Local human rights group Adhoc requested a delay of the court appearance on the grounds that Mr. Soveth is ...
Strikes lead to cut in orders
Global brands Levi’s and Gap had slashed their orders from the Tai Yang and Camwell garment factories by 20 per cent, the factories’ boss said yesterday, amid the longest strike in the industry’s recent history. Tai Yang Enterprises manager Wu Minghuor said his company had shuttered ...
Vietnam needs more nuts
Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html
Regional dams threat to fish: study
Thirteen percent of more than 2,500 freshwater species of fish, crabs and plants profiled across the region are under threat of extinction, a report released on Wednesday says. According to an International Union for Conservation of Nature study of freshwater biodiversity in the “Indo-Burma” region, which includes Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458270/National-news/regional-dams-threat-to-fish.html
Rights worker's hearing delayed
A Phnom Penh Municipal Court judge yesterday approved a proposal to delay the case against human-rights worker Chan Soveth, according to his employer, Adhoc. Soveth has been accused of providing assistance to “specific perpetrators”. Although the court did not provide names, an anonymous court official recently ...
US Extractive Firms Obliged to Disclose Overseas Payments
The U.S. Securities and Exchange Commission (SEC) has adopted rules that would make it a legal requirement for listed companies operating in the extractive industries and doing business in Cambodia to disclose all major payments they make to the government. The rules, which were adopted in ...
Samsung holds No 1 position
Samsung smartphones are dominating Cambodia’s crowded mobile phone market in terms of market share and the number sold, company representatives said yesterday. “For the smartphone industry in Cambodia, we are absolutely dominant. That means we stand as number one in terms of market share, based on ...
http://www.phnompenhpost.com/index.php/2012082458257/Business/samsung-holds-no-1-position.html
Cambodia Wants More Information on Taiwan's Heroin Haul
Police yesterday said they were seeking more information about a massive haul of heroin-allegedly transited through Cambodia-that was seized from a boat off the coast of Taiwan this week. The Taiwanese Justice Ministry’s Investigation Bureau says it found 70 kg of heroin hidden in a fishing ...
Southeast Asian Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. An alliance of Thailand, Vietnam, Cambodia, Laos and Myanmar will aim to share information and cooperate ...
Trade With Vietnam Grows Through Seven Months
Trade between Vietnam and Cambodia grew 22.36 percent in the first seven months of the year to reach $1.96 billion compared to the same period last year, a Vietnamese official said yesterday. Vu Thinh Cuong, commercial counselor at the Vietnam Trade Office, said imports from Vietnam ...
Tackling Tourism
Tourism authorities are concerned that the role of Siem Reap’s Cambodian tour guides catering to Korean tourists is being usurped by interpreters, with the tour guides being relegated to mere porters. This is mainly due to the lack of tour guides who can converse in the ...
http://www.phnompenhpost.com/index.php/2012082458277/Siem-Reap-Insider/tackling-tourism-issues.html
Unionists at casino betting on a strike
Almost 500 Tropicana Casino staff from gambling hub Poipet have threatened to strike on Saturday if the casino’s Thai owner does not reinstate their union leader, Sath Ser, sacked by the company for supporting another terminated employee, workers said yesterday. A staff member who did not ...
Conference focus on social enterprises
Cambodia’s second conference on social enterprise is set to take place tomorrow with the aim of tackling poverty, social exclusion and health and environmental problems, organisers say. The all-day conference, at the Cambodia-Japan Conference Centre at the Royal University of Phnom Penh, will facilitate discussions among participants ...
Accused Manager Put on Leave; Workers Lodge Complaints
The manager accused of abusing female workers at the Ocean Garment factory in Phnom Penh, and who provoked days of public demonstrations by thousands of workers to have him fired, has been put on leave, while his alleged victims have lodged complaints against him with ...
Mining Firm With Local Licenses Sees Investment
BlackRock Inc., the world’s largest investment firm, has purchased a multi-million dollar stake in a mining firm with a gold exploration licenses in Cambodia. Stephen Promnitz, CEO of Indochine Mining, which is listed on the Australian Stock Exchange and holds a gold exploration license in Kratie ...
ASEAN-US business summit next week
United States Trade Representative Ron Kirk, will spend two days, August 30 and 31, in Siem Reap attending the 44th ASEAN Economic Ministers’ meeting and the ASEAN-US Business Summit. He is also scheduled to meet separately with Cambodian leaders and other participating ministers to discuss bilateral ...
Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. But any bid by the five countries to drive up prices will be a challenge, given previous ...
http://online.wsj.com/article/SB30000872396390444812704577606962232854218.html
Japanese bank to sign cooperation deal with Cambodian bank
Sumitomo Mitsui Banking Corporation, one of the leading banks in Japan, will sign a memorandum of understanding with Cambodia’s leading Acleda Bank on Friday for business cooperation, according to a press release from Acleda on Thursday. Under the agreement, both banks will provide mutual support for ...
http://news.xinhuanet.com/english/business/2012-08/23/c_131803018.htm